Complete details of SBI career loan scheme in Tamilnadu

State bank of India provides three types of education loan to the students who want to pursue their higher studies. SBI student loan which meant for higher education, SBI career loan which meant for training courses, SBI education plus which meant for distance education courses.

Complete details of SBI career loan scheme in Tamilnadu

The SBI career loan scheme is most suitable for those who wish to take admission in training or skill improvement courses like pilot training or any other skill development courses. As the SBI Student loan is restricted to graduation or Post graduation courses. So, this loan envisages the possibility of providing loan to students seeking training courses.

Eligibility criteria of SBI career loan scheme

Must join the training or skill development courses. The institute must be approved by DGCA/Ministry of civil aviation in case of pilot training or in other skill development courses, it should be approved by the government agencies appointed for that purpose. The applicant must completed 18 years of age as on the date of application.

SBI career loan limit & the repayment criteria

The loan can be sanctioned upto a maximum of Rs 20 lacs. Along with the applicant a co-borrower should also be included in the applicant. As a security to get this loan the mortgaged deed or house property of equal value should be submitted at the bank. The loan can should be repaid within 363 equal monthly installments.

For more details contact the nearest SBI branch
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Complete details of SBI career loan scheme in Tamilnadu