Description of interest rates, benefits and features

Courses covered by the SBI Global Edwardage Loan Scheme

・ Regular graduate degree

・ Graduate degree

·Graduation certificate

・ Certificate / Doctoral course

Students can take these courses in all disciplines from universities in the United States, United Kingdom, Australia, Canada, Europe, Japan, Singapore, Hong Kong and New Zealand.

Loan amount: Individuals can take advantage of this starting loan ￡Up to 7.5 million rupees ￡1.50 Chlore

interest rate: SBI offers an attractive interest rate of 8.65% and a special concession of 0.50% for female applicants.

pay back debt

・ Repayment will start 6 months after the course ends

・ Repayment up to 15 years

Costs covered by the SBI Global Edwardage scheme

・ Travel expenses / transit money

·tuition fee

・ Examination / library / lab fee

・ Book / equipment / musical instrument / uniform / computer charges at a reasonable cost

・ Cost of additional requirements such as project work / treatise / study tour (does not exceed 20% of total tuition fee)

· Other costs such as caution deposits / building funds / refundable deposits supported by institutional invoices / receipts (not more than 10% of total tuition)

Features and benefits:

・ Convenient and fast online application process via SBI website

• Applicants can click Apply Now, enter the required details and submit the application process.

・ Early approval of loan: Loan is approved before student’s I-20 / visa

・ Tax exemption based on Article 80 (E) of the Income Tax Act

・ University / school / hostel fees

Documents required for application procedure:

・ Classes 10, 12, graduation (if applicable), entrance examination result mark sheet

・ Admission letter / offer letter / ID card from the university as an admission certificate

・ Course cost schedule

-A copy of the letter that awards scholarships, freeships, etc.

・ Gap certificate (if applicable) (Students’ self-declaration of gaps in research)

・ Passport-sized photo of student / guardian / joint borrower / guarantor (1 copy each)

-Co-applicant / guarantor asset / liability statement (applicable to the above loans) ￡7.50 rack)

For office workers:

(A) Latest pay slip

(B) Form 16 or latest IT returns (ITR V)

For non-salarymen:

(A) Company address proof (if applicable)

(B) Latest IT returns (if applicable)

· Parent / guardian / guarantor bank account statement for the last 6 months

• A copy of the sale certificate and other ownership documents for the real estate provided as collateral / a copy of the liquidity securities provided as collateral

・ Student / parent / joint borrower / guarantor taxpayer number (PAN)

Aadhaar (required if eligible under GOI’s various interest subsidy schemes)

·passport

・ Submission of officially valid documents as proof of identity and address

・ Passport / driver’s license / voter’s ID card