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Period of Loan

(I) For School / College Education in India: Loans to be repaid in a period of 36months, commencing immediately after disbursal, by the parents / guardian.

(ii) For Technical / Professional higher studies in India and abroad: The loan is to be repaid is 60 months after the completion of the course of securing job, whichever is earlier. Regular periodic repayment as much as possible should be made during the period of study. Quarterly interest should be paid regularly.

(iii) Permitted without any penalty.



Loan Amount
(I) School / College education in India: (Upto 6 times the monthly net (take home) income of the parents / guardian. Minimum loan of Rs. 4,000/- Maximum Rs. 1lakh.

(ii) Technical / Professional higher studies in India and Abroad 90% of the cost of study, subject to maximum of Rs. 8 lakhs.

Margin
10%
Interest Rate
At competitive rates on reducing balance only. Please check-up for latest rates at your nearest branch Interest is compounded at quarterly basis.
Eligibility
For School / College education in India.

a) Minimum second division (Pass marks for SC/ST)

b) Parents / guardians (Including persons engaged in agriculture / allied activities having independent regular source of income.

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Purpose
For pursuing studies in recognised schools/ colleges/ institutions to meet: - Tution and other fees

- Maintenance costs, books and equipment etc.

- Cost of passage (for studies abroad)

State Bank of Hyderabad
State Bank of Hyderabad Student Loans are sanctioned to meritorious students, who aspire to pursue their higher education in India or abroad. Apart from its education loan scheme, this bank offers diverse types of loans for personal advances. As the history goes, State Bank of Hyderabad was formed in the name of Hyderabad State Bank in 1941 under Hyderabad State Bank Act, 1941. Its first branch began operations at Gunfoundry in Hyderabad in 1942. This bank was given the existing name when it was taken over by RBI in 1956. Later in 1959, it started functioning as a subsidiary of State Bank of India.