Happy News: SBI Increases Overseas Education Loan to 1.5C

It is a great news indeed for Indian students who are ready to move abroad for their higher education. Moreover, in the latest survey, it is found that most of the students prefer Engineering, IT, MBBS and M.Tech courses for their higher education in abroad. Apart from that, some candidates even ready to pursue their career in other fields like Business Management, Hotel Management, Fashion Designing, etc.

Hence, State Bank of India has planned to provide education loans of upto 1.5 crore to Indian students who are interested in overseas education. Till date, around 7.5k applicants approached the Bank for educational loan. Do you think who is eligible to get education loan?

Eligiblity to get SBI Educational Loan:

1. The Candidates should be passed in the previous year without any arrears
2. Candidate would get education loan if and only if he get admission in University

Major Highlights of SBI Educational Loan:

1. Qualified student is exempted from repayment but he can pay interest alone during study
2. If necessary and upon the candidates request, the exemption of repayment will be extended upto 12 months even after the completion of studies.
3. Similarly, if the candidate's family income is less than 4.5L per year, then the interest is also exempted under Government subsidy.

It is not only the happy news, but also SBI voluntarily has come up with this new strategy along with the Government to light the life of study abroad aspirants.

So, if you're interested in overseas education and want to apply for educational loan if you feel eligible? Then, please approach our study abroad consultant immediately at +91-9790950111 or forward your queries to contact@broadmindgroup.com with your complete contact details so that our representative will guide you further.