State Bank of Travancore Education Loan Summary Table
| State Bank of Travancore Education Loan Limit | For India – INR 10 Lacs
For Abroad – 20 Lacs |
| State Bank of Travancore Education Loan Interest Rate | 9.65% per annum |
| State Bank of Travancore Education Loan Margin | For loan above INR 4 Lacs
In India: 5% In abroad: 15% |
| State Bank of Travancore Education Loan Processing Fee | Up to INR 4 Lacs: Nil
Above INR 4 Lacs: INR 5000 |
| State Bank of Travancore 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 Travancore Education Loan Repayment | It starts After 1 year of course completion or 6 months after getting a job. |
State Bank of Travancore Education Loan Features
Do you want to get your graduation from abroad? The need for higher education from a reputed college is increasing, increasing the chance of getting a well-paid job. However, a university with a good rank costs much higher due to its premium faculties and facilities. To overcome this, Education Loan plays a vital role in a student’s life! Education loans help those students who have the capabilities and potential. The loan covers their expenses for education, such as tuition fees etc. The loan can be availed to study in India or even abroad studies. Whatever the case State Bank of Travancore is there to help the students. Every student can apply for the State Bank of Travancore education loan by following the specific criteria and documentation.
State Bank of Travancore Education Loan Eligibility
| Parameters | Eligibility Criteria |
| Applicant’s Age |
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| Who Can Apply? |
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| Maximum Loan Amount |
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| Frequency Of Repayment |
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| Repayment Period |
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State Bank of Travancore Education Loan Interest Rate
State Bank of Travancore Education loan interest rates ranges from 12.60%- 13.85%
| Loan Amount Range | Courses in India | Courses Abroad | IIT, IIM, ISB Courses |
|---|---|---|---|
| Loans up to Rs. 4 lakh | 12.60%- 13.85% | 12.60%- 13.85% | 12.60%- 13.85% |
| Loans Rs. 4.0 – 7.5 lakh | 12.60%- 13.85% | 12.60%- 13.85% | 12.60%- 13.85% |
| Loans > Rs. 7.5 lakh | 12.60%- 13.85% | 12.60%- 13.85% | 12.60%- 13.85% |
State Bank of Travancore Education Loan Schemes with detailed features, documents, max loan, courses
State Bank of Travancore Education Loan Schemes, Maximum Loan Amount and Interest Rates
| Schemes | Maximum Loan Amount | Interest Rates |
| State Bank of Travancore Student Loan | Rs.20 lakh | 10.05% |
| State Bank of Travancore Scholar Loan | Rs.40 lakh | 8.95% to 9.25% |
| State Bank of Travancore Global ED-Vantage | Rs.1.5 crore | 10.05% |
| State Bank of Travancore Skill Loan | Rs.1.5 lakh | 9.55% |
| State Bank of Travancore Take Over of Education Loan | Rs.1.5 crore | 10.05% |
State Bank of Travancore 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:
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| Residence Proof | One of the following documents for Residence proof (It should not be more than 3 months old):
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| Income Proof in case of salaried co-borrower |
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| Income proof for self-employed co-applicant |
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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 |
| If the loan was taken out before then, loan account statement for the last 1 year. |
State Bank of Travancore Education Loan Offered Courses
The Education Loan covers courses that are only regular full-time Degree or Diploma courses that the student secured through selection or merit. State Bank of Travancore Education Loan also considers Full-time Executive Management Courses like PGPX.
EMI Calculator
State Bank of Travancore Education Loan EMI Calculator
State Bank of Travancore: Takeover of Education Loan
An Education Loan is transferable, and it is basically a process of transferring high-interest debt from one lender to another lender with a lower interest rate and better repayment policies. For example, the State Bank of Travancore Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. State Bank of Travancore also gives a 0.50% concession in the interest rate for girls.
How To Apply For State Bank of Travancore Education Loan
- Visit Dialabank for an education loan.
- Go to the State Bank of Travancore 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.
FAQs For State Bank of Travancore Education Loan
✅ In whose name is the loan granted?
The loan is specially made for a student’s education, and therefore, it is granted in the student’s name.
✅ What is the age limit for availing of an education loan in the Bank of Travancore?
There is no age limit restriction in education loans. However, the student must clear all the eligibility criteria’s stated by the bank.
✅ What does margin on any loan mean?
The margin amount means that borrowers have to pay through their own income sources in a down payment as their contribution towards education.
✅ Is scholarship or assistantship included in the margin?
Yes, any scholarship or assistantship will be a part of the margin charged on education loans.
✅ What does MCLR stand for?
List of Approved Institutes
- Architecture college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Physical education college
- B.ED college
