Education and Career Forum

Sir, I have took admission in Bachelor in Hotel Management course and now want to apply for education loan. Please tell me procedure to apply in State Bank of Maharashtra? Compare interest rate and flexibility with other banks?

You can apply for an education loan in State Bank of Maharashtra directly by visiting the bank or through SBI official website as the State Bank associated banks merged into SBI. You should have secured admission in any course in a recognised college/ university to be eligible to apply for an education loan. The interest rate for an education loan in State Bank of India is 10.85% per annum.

In order to be eligible for education loan in State Bank of Maharashtra, you must have secured admission in a recognized university for Bachelor in Hotel Management course. If you are meeting with the eligibility criterion then you can apply for an education loan in State Bank of Maharashtra by directly visiting to the Bank or you can also apply for education loan through its official website. You will have to submit documents like Address Proof, Identity Proof, Income Proof, Admission Letter, Photocopy of Pan Card, etc., to the bank for the processing of education loan.
The interest rate for education loan in State Bank of Maharashtra is 10.85% per annum whereas in other bank like HDFC 9.33% per annum, Canara Bank 11.35% (for Boys) & 10.85% (for Girls) per annum, Axis Bank 9.95% per annum, Andhra Bank 10.25% per annum.