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#1
18th January 2017, 01:14 PM
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Approval letter of Symbiosis International University? Rate of interest and maximum repayment amount of SBI?
Hello sir, I want to take an education loan from SBI to study B.Tech from Symbiosis International University, Pune. SBI asks for course approval letter. Please provide me approval letter of this university? Rate of interest and maximum repayment amount?
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#2
31st January 2017, 09:12 AM
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Re: Approval letter of Symbiosis International University? Rate of interest and maximum repayment amount of SBI?
You can get the approval letter from your university. You need to approach the administrative department and request for a course approval letter from organization like UGC and AICTE for the B.Tech course. The university will give you a copy which you need to submit to the bank as a proof. Otherwise, you can also submit the prospectus of the concerned institute as a proof. The rate of interest fluctuates from time to time as per orders from the Reserve Bank of India. You need to comply to this norm. Usually the rate of interest is 11.5-13 percent in SBI. The repayment amount depends on the education loan amount which you had seek.
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