Education and Career Forum

I have got Bachelor degree in Management from distance education programme and now I want to study Masters in Management from Amity University. Can SBI grant me education loan? Documents required for it?

Most of the banks do not provide education loan to pursue the distance mode of education. The bank will provide loans to those who wants to pursue degree or certificate course from the recognized university, but SBI will provide education plus loan to those who wants to continue their study (distant/part time/evening course) and are employed and working since last two years and the age of the candidate should be less than 45 years. The candidate will get the loan amount based on net monthly income and maximum of ₹1,00,000 and minimum of ₹25,000 will be provided by the bank with 10% of interest rate and the loan amount can be repaid within 60 months in equated monthly installments.