State Bank of Bikaner and Jaipur Education Loan Summary Table
| State Bank of Bikaner and Jaipur Education Loan Limit | For India – INR 10 Lacs, For Abroad – 20 Lacs (Up to ₹ 7.5 lakh without collateral) |
| State Bank of Bikaner and Jaipur Education Loan Interest Rate | 9.65% per annum |
| State Bank of Bikaner and Jaipur Education Loan Margin | For loan above INR 4 Lacs In India: 5% In abroad: 15% |
| State Bank of Bikaner and Jaipur Education Loan Processing Fee | Up to INR 4 Lacs: NilAbove INR 4 Lacs: INR 5000 |
| State Bank of Bikaner and Jaipur 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 Bikaner and Jaipur Education Loan Repayment | It starts After 1 year of course completion or 6 months after getting a job |
State Bank of Bikaner and Jaipur Education Loan Features
Regardless, a school with an OK position costs much higher thinking about its administrator assets and workplaces. To crush this, Education Loan anticipates a focal part in an understudy’s life! Arranging pushes help those understudies who have the cutoff focuses and potential. The headway manages their expenses for arranging, for instance, getting ready expenses, etc. The progression can be profited to move in India or even abroad evaluations. Whatever the case State Bank of Bikaner and Jaipur is there to help the understudies. Each understudy can apply for the State Bank of Bikaner and Jaipur bearing development by following the specific models and documentation.
State Bank of Bikaner and Jaipur Education Loan Eligibility
| Parameters | Eligibility Criteria |
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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 Bikaner and Jaipur Education Loan Interest Rate
State Bank of Bikaner and Jaipur Education loan interest rates range from 8.85% and 10.75%.
| Loan Amount Range | Courses in India | Courses Abroad | IIT, IIM, ISB Courses |
|---|---|---|---|
| Loans up to Rs. 4 lakh | 10.50 %, for Girls – 10.00% | 10.50 %, for Girls – 10.00% | 8.85 % |
| Loans Rs. 4.0 – 7.5 lakh | 10.50 %, for Girls – 10.00% | 10.50 %, for Girls – 10.00% | 8.85 % – 10.00% |
| Loans > Rs. 7.5 lakh | 10.75 %, for Girls – 10.25% | 10.75 %, for Girls – 10.25% | 8.85 % – 10.00% |
State Bank of Bikaner and Jaipur Education Loan Schemes, Maximum Loan Amount, and Interest Rates
| Schemes | Maximum Loan Amount | Interest Rates |
| State Bank of Bikaner and Jaipur Student Loan | Rs.20 lakh | 10.05% |
| State Bank of Bikaner and Jaipur Scholar Loan | Rs.40 lakh | 8.95% to 9.25% |
| State Bank of Bikaner and Jaipur Global ED-Vantage | Rs.1.5 crore | 10.05% |
| State Bank of Bikaner and Jaipur Skill Loan | Rs.1.5 lakh | 9.55% |
| State Bank of Bikaner and Jaipur Take Over of Education Loan | Rs.1.5 crore | 10.05% |
State Bank of Bikaner and Jaipur 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 Bikaner and Jaipur 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 Bikaner and Jaipur Education Loan also considers Full-time Executive Management Courses like PGPX.
EMI Calculator
SBI Education Loan EMI Calculator
State Bank of Bikaner and Jaipur: Takeover of Education Loan
An Education Loan is Transferable, and it is basically a process of transferring high-interest debt from one another lender and with a lower interest rate and better repayment policies.
The State Bank of Bikaner and Jaipur Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. SBI also gives a 0.50% concession in the interest rate for girls.
How To Apply For State Bank of Bikaner and Jaipur Education Loan
- Visit Dialabank for an education loan.
- Go to the State Bank of Bikaner and Jaipur 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.
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
