INSUBCONTINENT EXCLUSIVE:
The repayment can be done through EMI up to 15 years, said SBI.
State Bank of India (SBI) offers loan for studying overseas under its 'Global Ed-Vantage loan' scheme, informed
country's largest lender on its twitter handle
SBI's global education vantage is an overseas education loan exclusively for those who wish to pursue full time regular courses at foreign
The repayment can be done through EMI (Equated Monthly Installments) up to 15 years, said SBI on its official portal
discipline offered by foreign Institutes/ universities in USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong and New Zealand
college/school/hostel, examination/library/laboratory fee, travel expenses/passage money for studies abroad, purchase of
books/equipments/instruments/uniforms/computer at reasonable cost (if required for course completion)
Any other expense required to complete the course- like study tours, project work, thesis, etc
can be considered for loan subject to the condition that these should be capped at 20 per cent of the total tuition fees payable for
completion of the course, informed SBI
Caution deposit /building fund/refundable deposit supported by institution bills/receipts the amount considered for loan should not exceed
10 per cent of the tuition fees for the entire course
Margin is to be brought in on year-on-year basis as and when disbursements are made on a pro-rata basis
