Education and Career Forum

Can I get the details of Gnanamitra Educational Loan policy of State Bank of Mysore? What are the documents essentially required to apply for this Loan? Kindly tell me immediately.

Detailed Information about State Bank of Mysore Gnanamitra Education loan policy are mentioned below :-

--> You should have secured admission in Diploma/ Degree programs in a recognised university.

--> Maximum loan amount for studies in India is Rs. 30 lakhs and for studies in Abroad, it is Rs. 40 lakhs.

--> Margin :-
Upto Rs. 4 lakhs :- Nil
For studies in India :- 5%
For studies in Abroad :- 15%

--> Repayment Period :- Completion of course + 1 year or 6 months after getting a job whichever is earlier.

Documents required to apply for State Bank of Mysore Gnanamitra Education loan are :-

--> Academic Certificates
--> Admission letter
--> Schedule of expenses for the course.
--> Two copies of passport size photographs of the student.
--> Salary slip / statement of income of parent / guardian ( last income tax assessment order, if applicable).
--> Caste certificate issued by the competent authority (applicable only to the students belonging to SC/ ST)