SBI Career Loan: Details on Interest Rates, Documents and Eligibility and Apply Online for best Education loans Through Deal4loans.
Do you want Airhostess Training courses in India and abroad,from institutes recognized by the Ministry of Civil Aviation/DGCA,then you can avail SBI Career Loan from SBI Bank.
SBI offers a loan scheme for this purpose, in the form of Personal Loan secured by Mortgage of Immovable Property/Govt.Securities, Public Sector Bonds,NSCs/KVPs/RBI Relief Bonds/Bank’s TDR/LIC Policies etc.
Name of the Scheme: SBI Career Loan
You are eligible if you are willing to undertake a course for Airhostess Training courses in India
and abroad from institutes recognized by the Ministry of Civil Aviation/ DGCA.
- (i) Applicant – Minimum 18 years
- (ii) Co-borrower – Maximum 60 years
Quantum of loan – Maximum of Rs.20.00 lacs
Nature of facility - Term Loans with the applicant and parent/guardian/spouse as co-borrowers
- 36 months in Equated Monthly Installments with maximum moratorium one year after completion of the course for start of repayment.
- No penal charges would be levied in case of early repayment of loan.
Processing fee – 0.50% of the loan amount
|Sl.No.||Type of Security||Margin|
|2.||Govt.Securities/Public Sector Bonds, NSCs, KVPs,Bank’s Deposits, RBI Relief Bonds etc.||10% on the Face value of the Security|
|3.||LIC Policies||10% margin on Surrender value of LIC Policies|
SBI Career Loan interest rates –
Base Rate 8.25 % w.e.f. 14.02.2011
|Type of Security||Rate of Interest|
|Land/Building||4.50% above Base Rate, currently 12.75% p.a.|
|Bank’s TDRs/STDRs||1.00% above the rate of interest payable on deposits|
|Govt. Securities/Public Sector Bonds/NSCs/ KVPs/RBI Relief Bonds, LIC Policy||4.25% above Base Rate , currently 12.50% p.a.|
(In case interest is paid during the course period a rebate of 0.50% will be admissible, only during the moratorium period).
Source: State Bank of India Website
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