Education and Career Forum

Hello sir, I have completed 12th with 80% and have heared about SBI Skill education loan scheme. Please send me all detail about elgibility criteria, documents and interest rate for it? Is this scheme available in Gurgawn?

Yes, State Bank of India skill education loan is in Gurgaon. The rate of interest is basically 1.50% above the MCLR rate that means 8.00%+1.50% = 9.50% per annum. Concession of 1% is also available for full tenure of the loan if the interest is properly serviced when applied during the moratorium period including course duration.
The candidate needs to submit photo copy of Address proof, Income proof, Income details, Education documents.
The borrower should be the citizen of India.
The candidate must have secured admission in the recognized University in India or abroad.
The student should not have any outstanding loan amount from any other bank.
By providing the above mentioned documents and fulfilling all the requirements then you are eligible to apply for the loan.