SBI Offers Scholar Loans and Savings Accounts for Students in 2020
State Bank of India (SBI) introduces various products for students, including new saving accounts and scholar loans. The online insta saving account caters to students aged 18 and above, while those below 18 can utilize the offline mode. SBI's scholar loans provide cost-effective, easy, and speedy financial aid with subsidy facilities and a direct tie-up with IIT Kanpur. Eligible expenses include college fees, books, equipment, and more. Repayment terms and second education loans are also available. Forms for scholar loans and saving accounts for minors are provided.
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Presentation Transcript
SBI HAS VARIOUS TYPE OF PRODUCT FOR STUDENTS: NEW STUDENT REQUIRED ONLY TWO THINGS 1. NEW SAVING ACCOUNT 2. SCHOLAR LOAN TO REPAY FEES FOR STUDENT OF AGE 18 AND ABOVE WE HAVE ONLINES INSTA SAVING ACCOUNT. FEATURES:- NO MINIMUM BALANCE REQUIREMENT INSTANT ACCOUNT ACTIVATION NO NEED TO VISIT BRANCH IN THIS PANDEMIC PERSONALISED RUPAY DEBIT CARD INB FACILITY
FOR STUDENT HAVING AGE BELOW THAN 18 OFFLINE MODE, MEANS THEY HAVE TO SEND SB ACCOUNT OPENING FORMS GIVEN DULLY FILLED ALONG WITH KYC (KYC MEANS ID PROOF AND ADDRESS PROOF) MINOR CAN T KEEP NOMINEE . AADHAR CARD WILL WORK INSTEAD OF PAN CARD IN MINOR CASE NO MINIMUM BALANCE REQUIREMENT INSTANT ACCOUNT ACTIVATION NO NEED TO VISIT BRANCH IN THIS PANDEMIC,JUST SEND BY POST AND MAIL. INB FACILITY
SBI SCHOLAR LOAN: WHY TO TAKE SBI SCHOLAR LOANS THERE ARE VARIOUS REASONS .. 1.CHEAPEST RATE THAN OTHER BANKS 2.EASY PROCESS 3. SUBSIDY FACILITY 4. SPEEDY PROCESS 5. DIRECT TIE UP WITH IIT KANPUR AS WE ARE CAMPUS BRANCH ?
Eligible Expenses: Fee payable to college/school/ hostel /Examination/ Library/ Laboratory fees / Purchase of books/ equipments/ instruments/ uniforms /Purchase of computer/ laptop, if essential for completion of course. Any other expense required to complete the course like study tours, visits to foreign universities in exchange programs, project work, thesis, etc Repayment Holiday/Moratorium: Course Period +6 MONTHS after job or 1 year whichever is earlier : Maximum 15 years after commencement of repayment Second Education Loan (Top up Loan) : If a student approaches the bank for a loan for further studies, the same can be granted subject to combined loan amount should not exceed the maximum permissible loan amount under SBI Scholar Loan Scheme.
Form for scholar loan Detail of Student, Father and Co-applicant to be filled. (Co-applicant will be father or mother)
Form for SAVING account for minor Part I
SAVING FORM PART-II
FOR SCHOLAR LOAN ,TO BE FILLED IF AMOUNT IS GREATER THAN 7.5 LAKHS INR
