Education and Career Forum

Can anyone of you please provide me the details of Education Loan Policy which is SPB Gyan Jyoti Scheme of State Bank of Patiala? I want to get the details of this loan. Please help me to know about this.

Detailed information about SBP Gyan Jyoti Scheme of State Bank of Patiala is mentioned below :-

--> Maximum Loan Amount :-
For studies in India :- Rs. 10 lakhs
For studies in Abroad :- Rs. 20 lakhs

--> Rate of Interest :-
Loans upto Rs.7.50 Lacs : 12.25% (2.75% above MCLR i.e. 9.50%)
Loans above Rs.7.50 Lacs : 11.25% (1.75% above MCLR i.e. 9.50%)

--> Security :-
Loan upto Rs.4.00 lacs : NIL
For loans above RS 4.00 lacs and upto Rs 7.50 lacs : Suitable Third Party Guarantee
For Loans above Rs 7.50 lacs : Tangible Collateral Security of Suitable Value

--> Loan Term :-
For Loans upto Rs.7.50 lacs :- Upto 10 years
For Loans above Rs.7.50 Lacs :- Upto 15 years

How to fill form for education loan in SBI