State Bank of Travancore Education Loan or ?yan Jyothiloan is a means to provide finances for pursuing higher studies. The loan can be availed by any deserving student for higher studies in India or abroad and the loan can be availed for a wide variety of education based needs. The Bank? hassle free process makes it much easier for students to apply for loan. State Bank of Travancore Education Loan can be availed through the banks various branches with an easy documentation process.

State Bank Of Travancore Education Loan Interest Rate:

The State Bank of Travancore Education Loan interest rate is competitive and is the reason many avail it for study in India and abroad.

State Bank of Travancore Education Loan rate is 14.00% linked to Base Rate which is subject to change. Most students looking for Bank finance for higher education find State Bank of Travancore Education Loan interest rate competitive and affordable for repayment.

The Bank Also Provides A 0.50% Discount For Female Students.

State Bank Of Travancore Education Loan Eligibility And Expenses Covered:

State Bank of Travancore Education Loan can be availed by any resident Indian. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

• ·ICWA
• ·CA, CFA
• ·IIM
• ·IIT, XLRI, NIFT, IISc

Loan is also offered for courses by UGC/Govt./AICTE/ICMR programs that qualify for State Bank of Travancore Education Loan eligibility.

The State Bank of Travancore Education Loan rate loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For State Bank Of Travancore Education Loan Eligibility Are:

1For State Bank of Travancore Education Loan eligibility the candidate should be a Resident Indian.

2Admission to technical courses in India is possible through State Bank of Travancore Education Loan eligibility

3 Applicant should have scored at least 50% in case of general and 45% marks in case of SC/ST? in qualifying subjects.

4A co-applicant is required for full time courses.

5The maximum loan for studies in India is at the maximum is Rs.10 lacs

6The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The expenses covered by the State Bank of Travancore Education Loan interest rate is

1. College Fee

2Hostel and Library charges

3Caution deposit (Not to exceed 10% of tuition fee)

4Money to go abroad

5Money for Study tours, Project work, Computer etc.

State Bank Of Travancore Education Loan Review And Documentation:

According to the State Bank of Travancore Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

State Bank Of Travancore Education Loan Review And Documentation For The Salaried Co- Borrower:

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

State Bank Of Travancore Education Loan Review And Documentation For The Self Employed Individual:

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

State Bank Of Travancore Education Loan Review And Application Procedure:

State Bank of Travancore Education Loan application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch. The loan will be disbursed in installments to the college or institute directly.

State Bank Of Travancore Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 5-7 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. Check with your nearest branch for pre closure charges or late fee charges.

State Bank of Travancore Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on State Bank of Travancore Education Loan eligibility and State Bank of Travancore Education Loan Rate etc. are on the official site at http://www.statebankoftravancore.com