State Bank of Hyderabad (SBH) is a nationalised bank in India, with headquarters at Hyderabad, Telangana.

It is one of the five associate banks of State Bank of India and is one of the scheduled banks in India.

Education loan details:

State Bank of Hyderabad sanctions education loans to deserving students, who aspire to pursue their higher education in India or abroad.

Objective of SBH Education Loan:

SBH Education Loan Scheme aims to extend financial assistance to all eligible students who wish to pursue higher education in India or Abroad.

Interest Rates:

The interest accrued during the moratorium period is added to the principal and when the moratorium period is over, repayment is fixed in the form of EMI.

The current interest rates that are applicable are:

For loans up to Rs. 4.00 Lacs - 11.50%
Loans ranging from Rs. 4.00 Lacs up to Rs.10.00 Lacs – 12.50%
Loans above Rs.10.00 Lacs - 13.00%

Processing Fees:

For loans up to Rs.4.00 Lacs there is no processing charges for studies in India and Abroad.

In case of loans above Rs.4.00 Lacs for studies abroad the following charges are applicable:

At the time of giving the sanction letter to the student/guardian, Rs. 5000/- is collected by the Bank.
Rs.1000/- is charged as processing fees.
Rs.4000/- is levied as student's margin when the loan is released.
In case the loan is not availed by the student, Rs.4000/- is refunded to the student without interest.
Processing charges are not levied on the loans to the wards of Bank's staff members including retired staff.

Maximum Loan Limit:

Maximum loan limit is given as follows, depending on whether the student wishes to pursue his/her studies in India or abroad.

Maximum loan limit is Rs.10.00 lacs for studies in India; and
Maximum loan limit is Rs.20.00 lacs for pursuing education abroad.

Contact:

State Bank of Hyderabad (SBH)
Head Office
4th Floor, Premises Department Hibank Towers, Opposite Petrol Bunk
Near Chermas, Gunfoundry-Abids, Hyderabad – 500001
040-23387316, 040-23387376, 040-23387408