Objectives of the schemes
The Educational Loan Scheme outlined below aims at providing financial support to deserving/Meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to pursue with the financial support with affordable terms and conditions .No deserving students is denied an opportunity to pursue higher educational for want of financial support.



Eligibility Criteria

A.	Courses Eligible
	a.	Studies in India
			School Education including plus 2 stage
			Graduation courses: B.A., B.Com., B.Sc. etc.
			Post Graduation Course: Masters and Ph.D.
			Professional Courses: Engineering, Medical, Agriculture, Veterinary, Law, Dentistry, Management, Computers, etc.
			Computer certificate courses of reputed institutes accredited by Dept. of Electronics or institutes affiliated to the University.
			Courses like ICWA, CA, CFA, etc.
			Courses conducted by IIM, IIT, ISc, XLRI, NIFT etc.
			Courses offered in India by reputed foreign universities
			Evening courses of approved institutes
			Other courses leading to diploma or degree conducted by college or universities approved by UGC/Govt./AICTE/AIBMS/ICMR
			Courses offered by National Institutes and other reputed private institutions
	b.	Studies abroad
			Graduation: For job oriented professional or technical course offered by reputed universities
			Post Graduation: MCA, MBA, MS
			Courses conducted by CIMA - London, CPA in USA etc.
B.	Student Eligibility
		Should be an Indian National
		Secured admission to professional or technical courses through Entrance Text/Selection Process
		Secured admission to foreign university or institution

Expenses considered for loan:
		Fee payable to college/ school/ hostel.
		Examination/ Library/ Laboratory fee.
		Purchase of books/ equipment’s/ instruments/ uniforms.
		Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipt.
		Travel expenses/ passage money for studies abroad.
		Purchase of computers-essential for completion of the course.
		Any other expenses required to complete the course- like study tours, project work, thesis etc.

Quantum of Finance
	Need based finance subject to repaying capacity of the parents/students with following margin and ceilings.
		Studies in India - Maximum Rs.7.50 lacs
		Studies abroad - Maximum Rs.15.00 lacs
Margin
	Upto Rs.4.00 lacs		NIL
	Above Rs.4.00 lacs		Studies in India	5%
			Studies Abroad	15%
	Scholarship/assistantship to be included in margin.
	Margin may be brought- in on year-to-year basis as and when disbursement are on a prorata basis.

Security

	Upto Rs.4.00 lacs	No security
	Above Rs.4.00 lacs	Collateral security equal to 100% of the loan amount

Repayment

Repayment holiday/Moratorium:
Course period + 1 year or 6 months after securing a job, whichever is earlier.

The laon to be repaid in 5-7 years after commencement of repayment.



Rate of interest

Upto Rs.15 lakh BoI BPLR - @ 10.75 p.a.
(The above rates are subject to revision as may be advised from time to time)



Processing Charges

No processing/upfront charges.
 

Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Head Office
 PO Box No. 154, Tilak Marg,C Scheme
Jaipur - 302 005
Tel: 0141-2380420-27, Fax: 0141-22022394
E-Mail: planning@sbbjbank.com
Website: www.sbbjbank.com