Student Education loans in India

Here know the complete information about Student Education Loans offered by State Bank of Patiala India.

State Bank of Patiala

Studies in India

Eligibility for Education Loan
  • Must be an Indian National.
  • Secured admission to Professional/ Technical courses through Entrance Test/ Selection Process.
Eligible Courses for Education Loan
  • Professional courses like Medical/Engineering/Veterinary/Nursing/Law/Management/PGDRIM/ ICWA/CA/CFA/IIM/ IIT/IISC/XLRI/NIFT and other courses approved by State/ Central Government.
  • All other courses leading to diploma/ degree etc., conducted by colleges/ universities approved by UGC/ Govt./ AICTE/ AIBMS/ ICMR etc., and offered by National Institutes and other reputed private institutions.
Quantum of Finance
Minimum of Rs. 10.00 lacs and maximum of Rs. 15.00 lacs for studying in India
  • Upto Rs.4,00,000/- -- NIL
  • Above Rs.4,00,000/- -- 5%

Studies in Abroad

  • Must be an Indian National.
Eligible Courses for Education Loan
  • Post graduation/technical courses offered by reputed universities like MCA, MBA, MS and PhD(Doctor of Philosophy) etc.
  • Courses conducted by CIMA - London, CPA in USA etc.,
Quantum of Finance
Minimum of Rs. 20.00 lacs and maximum of Rs. 25.00 lacs for studies in abroad.
  • Upto Rs.4,00,000/- -- NIL
  • Above Rs.4,00,000/- -- 15%

Common aspects for Indian and Abroad studies

Expenses considered for Education Loan
  • Fee payable to college/school/hostel
  • Payment of course fees
  • Purchase of books/equipments/instruments/uniforms and computer/laptops
  • Examination/Library/Laboratory fee
  • Other expense that are required to complete the course - like study tours, project work, thesis, etc.

  • Upto Rs.4.00 lacs - Coobligation of parents(No security)
  • Rs. 4.00 lacs to 7.5 lacs - Co-obligation of parents with collateral in the form of third party guarantee
  • Above Rs. 7.50 lacs - Coobligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.
Holiday Period
1 year after course period or 6 months after getting job, whichever is earlier.
The loan to be repaid in 5-7 years after commencement of repayment.
Place of availment
The loan is to be availed from the branch nearest to the place of domicile of the student.
For more details visit State Bank of Patiala official website:

Other Banks

User Comments

Post Your Answer

MSc Statistics Colleges

Students Discussion Forum