Education and Career Forum

Hi friends, I would like to get confirm that State Bank of India is giving loan for undergraduate course or not? I want to take admission in BSc(Interior Design) course and with education loan through State Bank of India. So, please confirm me regarding this issue?

SBI is one of the biggest institute that extends loan facility to the students of professional degree course, including undergraduate as well as post graduate courses.

All you have to do is to secure a seat in the college of your choice and approach the bank for the loan facility.

The bank would happily provide you with the loan which you will have to repay with interest after you complete your course.

Yes, SBI and most of the other banks provide loan facility to the candidates of professional degree courses.

All you need to do is to secure a seat in the college of your choice and get the estimate of fees from the college.

Bring that estimate and admission proof to the bank and apply fo the loan. Your loan request would be approved within a few days.

State Bank of India offers an education loan for the given below studies.

--> Graduation, Post-graduation courses with regular technical and professional degree/diploma courses conducted by colleges and universities approved by UGC/AICTE/IMC/Government.
--> Regular degree/diploma courses conducted by self-directed institutions like IIT, IIM, etc.
--> Teacher training/Nursing courses approved by the Central or the State Government.
--> Regular degree/diploma courses such as Aeronautical, Pilot Training, Shipping, etc. approved by Director General of Civil Aviation/Shipping/Concerned regulatory authority.

Yes, State Bank of India offers an education loan to a BSc(Interior Design) aspirant.

You can get loan from SBI bank but you need to fullfill the condition of SBI bank. So , you can visit the official website of SBI bank to get full details.

Whether State Bank of India offers an education loan to BSc(Interior Design) aspirant?

SBI provides special concessions pertaining to the interest rates of two types of education loans. The bank allows 0.50% additional concession in interest for female students and 0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of SBI for releasing the Global Ed-Vantage and Student Loans.

If the candidate is taking a student loanup to four lakhs, the only security needed is the parent or guardian as the co-borrower. If the loan amount is between 4 lakhs and 7.5 lakhs, the candidate must provide parent or guardian as the co-borrower and collateral security in the form of the details of the Gross Annual Income of the parent or guardian.

Yes. State Bank of India offers an education loan to BSc(Interior Design) aspirants.

You must have the following documents to apply for Education Loan Scheme.

1) Mark sheets of academic qualifications.

2) Copy of admission letter of the Institute along with fees schedule.

3) Bank Statement or Pass Book of last 6 months

4) KYC documents

5) Identity proof like voter ID card, driving license, etc.