Education and Career Forum

Hello everyone, I would like to know that how much maximum amount I can get if I apply for South Indian Bank EDUSUM Loan Scheme? I want to do my Diploma program in Mechanical Engineering through this scheme because I feel that South Indian Bank is introduced the best scheme for students.

The SBI EDUSUM loan is to help desirous students to want to study further but lack finance.
The minimum loan amount offered by the bank is Rs 2.5 lacs and maximum amount is Rs 10 lacs

The interest rate for this loan is the same if Repo rate that is 4.00 % and spread that ranges from 9.85% to 10. 60%
The repayment period for loans upto 7.5 Lacs is 15 years.

Maximum amount of loan one can get under South Indian Bank EDUSUM Loan Scheme?

Schemes Maximum Loan Amount

SIB Vitjnan Pradhan Scheme Domestic courses: Rs.10 lakh Overseas courses: Rs.20 lakh
SIB Excellence Rs.25 lakh
SIB Edusum Rs.10 lakh
SIB Global Education Rs.1.5 crore.