SBI Scholar Loan For IIT
SBI Scholar Loan For IIT
The SBI Scholar Loan Scheme is designed to provide financial assistance to students pursuing higher education in select premier institutions across India. The scheme offers various benefits to facilitate the educational journey Of IIT Bhuvaneshwar.
Documents Required
  • Student-applicant documents: Proof of identity, proof of residence, academic records, proof of admission, statement of cost of study, and photographs.
  • Co-applicant documents: Proof of identity, proof of residence, and photographs.
  • Income proof for salaried/self-employed co-applicant or guarantor.
    • Note: All documents should be self-attested.
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    Eligibility Criteria
  • The applicant should be an Indian National.
  • Secured admission to professional/technical courses in select premier institutions through entrance tests/selection processes.
  • Regular full-time degree/diploma courses through entrance tests/selection processes.
  • Full-time Executive Management Courses like PGPX (Post Graduate Programme for Executives).
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    List of Benefits
  • Fees payable to college/school/hostel.
  • Examination/library/laboratory fees.
  • Purchase of books/equipment/instruments.
  • Caution deposit/building fund/refundable deposit supported by institution bills/receipts (not exceeding 10% of tuition fees).
  • Travel expenses/expenses on exchange programs.
  • Purchase of computer/laptop.
  • Any other expenses related to education.
    • Other Requirements
    Repayment:
  • Repay in 15 years after course completion + 12 months.
  • Combined loan amount for higher studies later to be repaid in 15 years after the completion of the second course.
    • EMI Generation:
  • Accrued interest during the moratorium and course period added to the principal for fixed Equated Monthly Installments (EMI).
    • How To Apply
    Steps to be followed:
    1. Visit our official website.
    2. Click on register
    3. Login and apply
    4. Fill the required details in the form
    5. Upload relevant documents
    6. Review and Submit the application.

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    ₹ 20,00,000

    SBI Scholar Loan For IIT
    SCHOLARSHIP PROVIDER
    State Bank Of India
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
    Engineering
    Masters
    PHD
    PG-Diploma
    Post Doctoral
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    The SBI Scholar Loan Scheme is designed to provide financial assistance to students pursuing higher education in select premier institutions across India. The scheme offers various benefits to facilitate the educational journey Of IIT Bhuvaneshwar.
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