State Bank of Hyderabad Education Loan

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State Bank of Hyderabad Education Loan Summary Table

State Bank of Hyderabad Education Loan Amount	For India – INR 10 Lacs For Abroad – 20 Lacs (Up to ₹ 7.5 lakh without collateral)
State Bank of Hyderabad Education Loan Interest Rate	9.65% per annum
State Bank of Hyderabad Education Loan Margin	For loan above INR 4 Lacs In India: 5% In abroad: 15%
State Bank of Hyderabad Education Loan Processing Fee	Up to INR 4 Lacs: Nil Above INR 4 Lacs: INR 5000
State Bank of Hyderabad Education Loan Security	Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee Above INR 7.50 Lacs: Tangible security along with parents as co-borrower
State Bank of Hyderabad Education Loan Repayment	It starts After 1 year of course completion or 6 months after getting the job

State Bank of Hyderabad Education Loan Features

Amount of Loan
1. for studying in INDIA: maximum Rs.10 lakh
2. for studying ABROAD: maximum Rs.20 lakh
Collateral security for availing of an education loan
1. For Loans up to INR 7.5 Lakh – NO – Nil Collateral nor Third-Party Guarantee
2. For Loans Above INR 7.5 Lakh – Yes, Any of the following collaterals: Residential Property, State Bank of Hyderabad Bank Fixed Deposit, LIC/NSC/KVP
Loan available up to tenure of 7 years, including moratorium period
Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)
Loans available for short duration/ job oriented courses also
Avail of the tax rebate, offered under section 80-E of the Income Tax Act 1961* for the entire interest amount paid towards your education loan.

State Bank of Hyderabad Education Loan Eligibility Criteria

Parameters	Eligibility Criteria
Applicant’s Age	Non-employed personnel: Up to 35 years Working employees / Executives: Up to 45 years
Who Can Apply?	An Indian National: With secured admission to professional/technical courses in recognized institutions. Permanent employees: Who are employed for not less than three years with any organization and have secured admissions in a reputed institute or intend to acquire higher professional qualifications.
Maximum Loan Amount	For studies in India: Up to Rs. 1,000,000 For studies Abroad: Up to Rs. 2,000,000 For studies at IIT’s, IIM’s and ISB’s: Upto Rs. 4,000,000
Frequency Of Repayment	Quarterly or monthly rests. It starts 1 year after completing the course of six months after getting a job, whichever is first. Loan interest re‐payment will start immediately after disbursement of the first instalment of the loan.
Repayment Period	Tenure: Education Loan consists of Duration of Study, Grace Period after the Study, and Repayment Period. For Indian courses: Repayment tenure is a maximum of 12 years after the commencement of repayment. For Abroad courses: Repayment tenure is a maximum of 12 years after the commencement of repayment.

State Bank of Hyderabad Education Loan Interest Rates

Scheme	Maximum Loan Amount	Interest rate (p.a.)
State Bank of Hyderabad’s Education Loan for Indian	Up to Rs.20 lakh	9.55% – 13.25%
Education loan for Foreign Education	No Upper limit	9.55% – 13.25%

State Bank of Hyderabad Education Loan Schemes with detailed features, docs, max loan, courses

Schemes	Maximum Loan Amount	Interest Rates
State Bank of Hyderabad Student Loan	Rs.20 lakh	10.05%
State Bank of Hyderabad Scholar Loan	Rs.40 lakh	8.95% to 9.25%
State Bank of Hyderabad Global ED-Vantage	Rs.1.5 crore	10.05%
State Bank of Hyderabad Skill Loan	Rs.1.5 lakh	9.55%
State Bank of Hyderabad Take Over of Education Loan	Rs.1.5 crore	10.05%

State Bank of Hyderabad Education Loan Documents Required

Under Know Your Customer Policy (KYC), the bank requires certain documents. These documents are required from both the student and co-borrower:

Identity Proof	One of any mentioned documents for Identity proof: Passport PAN Card Aadhaar Card Voter’s ID Card Driving Licence Photo Credit Card Central and State Govt. issued Photo ID Proof Defence ID Card.
Residence Proof	One of the following documents for Residence proof (It should not be more than 3 months old): Aadhaar Card Ration Card Passport Bank Account Statement Voter’s ID Card Letter from any recognized public authority Telephone Bill Electricity Bill Water Bill
Income Proof in case of salaried co-borrower	Salary Slips (not more than 3 months old) Bank Statements (not more than 3 months old) ITR Form-16 (for the last 2 years) bank account statement (for the last 6 months of salary account)
Income proof for self-employed co-applicant	Business address proof IT returns for the last two years (If IT payee) TDS certificate Form 16A, if applicable Certificate of qualification (for CA, doctor, and other professions) Bank account statement for the last 6 months.

Additional documents: Aside from KYC documents:

Student Applicant	Mandatory Passport submission
	Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission
	Proof of admission: A conditional application letter may be considered
	Cost of education, schedule of expenses.
	2-passport size photographs
	If the loan was taken out before then, loan account statement for the last 1 year.
Co-applicant	2-passport size photographs
Co-applicant	If the loan was taken out before then, loan account statement for the last 1 year.

EMI Calculator

Calculate your EMI here: EMI Calculator

State Bank of Hyderabad: Takeover of Education Loan

An Education Loan is Transferable, and it is basically a process of transferring high-interest debt from one to a lender and with a lower interest rate and better repayment policies. For example, the State Bank of Hyderabad Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. State Bank of Hyderabad also gives a 0.50% concession in the interest rate for girls.

How To Apply For State Bank of Hyderabad Education Loan

Visit Dialabank for an education loan.
Go to the State Bank of Hyderabad Education Loan page.
Check out all the eligibility and documents criteria for an education loan.
Fill out all the details required in the Education Loan application form.
Once done, our representative will soon contact you for a further stress-free process.