State Bank of Patiala was founded in the year 1917 by Bhupinder Singh, Maharaja of erstwhile Patiala State. The bank became a subsidiary of State Bank of India in the year 1960 and was renamed as State Bank of Patiala.

The details of the Education loan of the State bank of patiala is given below

Eligibility Criteria :

Student/applicant should be a citizen of India.
The course needs to be supported or run by a ministry/government organization, an organisation supported by State Skill Mission/Corporation or National Skill Development Corporation.
The course should preferably bestow the student with a certificate or diploma degree.

Document Required :

Loan application form
Appraisal form
Guarantee agreement
Term loan agreement
Arrangement letter

Quantum of Loan Amount:

DURATION OF COURSE QUANTUM OF LOAN AMOUNT
Up to 3 months Rs. 20,000
3 to 6 months Rs. 50,000
6 months to 1 year Rs. 75,000
Above 1 year Rs. 1,50,000 to Rs. 2,00,000

Rate of Interest:
The rate of interest for loans availed under this scheme is 2.75% above the base rate. Currently, it is at 12.75% p.a.
For More details you may Visit the Nearest branch of the State Bank Of Patiala