State Bank of Hyderabad Education Loan Scheme 
State Bank of Hyderabad Student Loans are sanctioned to meritorious
students, who aspire to pursue their higher education in India or
abroad.Eligibility
- Should be an Indian National.
- Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process.
State Bank of Hyderabad Student Loans are offered for several kinds of academic programs in India and abroad.
- Education loan can be sanctioned for pursuing school education in India.
- A student can also apply for this loan if he plans to study graduate, postgraduate and doctoral programs in India.
- Professional Courses like Engineering and Medical programs, specialized courses like ICWA, CFA or CA, programs by nationally reputed institutes like IIM and IISc or computer certificate programs of recognized institutes in India can be considered for this loan.
- Even courses by recognized foreign universities, diploma programs sanctioned by the likes of UGC, AICTE and the government in India, can be taken into consideration for sanctioning this loan.
- If you plan to study employment-oriented graduate courses, postgraduate programs like MS or MBA, or courses by CPA in the US or CIMA-London in abroad, you can apply too.
- Should be an Indian National.
- Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process.
- Studies Abroad : Maximum Rs. 20.00 Lac.
- Studies in India : Maximum Rs. 10.00 Lac
- Fee paid to the Educational Institution upto a period of 3 months prior to the date of sanction of the loan.
- Loan can be sanctioned during the middle of the course by assessing the requirement for the remaining period of the study.
- Caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts.
- Upto Rs. 4.00 Lacs - No Security (Co-obligation of parent / guardian is compulsory).
- Above Rs.4.00 Lacs and upto Rs.7.50 Lacs: Collateral in the form of a suitable third party guarantee.
- Above Rs.7.50 Lacs: - Collateral security of suitable value or Co-obligation of parents / Guardians / third party guarantee along with the assignment of future income of the student for payment of installments.
- Loans upto Rs. 4.00 Lacs – 11.50% (1% less than BMPLR)
- Loans above Rs4.00 Lacs & UP TO Rs.10.00 Lacs – 12.50%
- Loans above Rs.10.00 Lacs - 13.00% (At BMPLR)
- Course period + one year or six months after getting job, whichever is earlier.
- 5 to 7 years after commencement of repayment.
