SBI Scholar Loan Scheme
For pursuing higher education in institutions based in India, you can get maximum loan up to 30 lakhs without any collateral. 100% financing with zero processing fee can be availed with quick sanction at nearest Campus Branch or more than 5000 other selected branches all over India. Their is also an easy option to repay loan amount in up to 15 years after Course is completed with an additional 12 months of repayment holiday. For more details visit here SBI Scholar Loan.
Eligibility for SBI Scholar Loan Scheme
Sanction of the Loan is for students only or we can simply say Indian Nationals who want to pursue higher education in India in any of the Selected 114 Premier Institutions. List A and List B given below are the names of 114 institutions from where the students can avail the scholar’s loan.
|1||All India Institute of Medical Sciences (AIIMS), Delhi|
|2||Armed Forces Medical College (AFMC), Pune|
|3||Bangalore Medical College (BMC), Bangalore|
|4||Birla Institute of Technology & Sciences(BITS) – Pilani|
|5||BITS (Pilani) Goa Campus|
|6||BITS (Pilani) Hyderabad Campus, Hyderabad|
|7||Christian Medical College (CMC), Ludhiana|
|8||Christian Medical College (CMC), Vellore|
|9||Department of Industrial & Management Engineering, IIT Kanpur|
|10||Dept of Management Studies, IIT, Delhi|
|11||Grant Medical College (GMC), Mumbai|
|12||Indian Institute of Management(IIM), Kashipur|
|13||Indian Institute of Management(IIM), Ranchi|
|14||Indian Institute of Management(IIM), Rohtak|
|15||Indian Institute of Management(IIM), Shillong|
|16||Indian Institute of Management(IIM), Trichy|
|17||Indian Institute of Management(IIM), Udaipur|
|18||Indian Institute of Management(IIM), Ahmedabad|
|19||Indian Institute of Management(IIM), Bangalore|
|20||Indian Institute of Management(IIM), Indore|
|21||Indian Institute of Management(IIM), Kolkata|
|22||Indian Institute of Management(IIM), Kozikode|
|23||Indian Institute of Management(IIM), Lucknow|
|Indian Institute of Management-Lucknow (Noida Campus)|
|24||Indian Institute of Management(IIM), Raipur|
|25||Indian Institute of Technology, Bhubaneshwar|
|26||Indian Institute of Technology, Chennai|
|27||Indian Institute of Technology, Delhi|
|28||Indian Institute of Technology, Gandhinagar|
|29||Indian Institute of Technology, Guwahati|
|30||Indian Institute of Technology, Hyderabad|
|31||Indian Institute of Technology, Indore|
|32||Indian Institute of Technology, Jodhpur|
|33||Indian Institute of Technology , Kanpur|
|34||Indian Institute of Technology, Kharagpur|
|35||Indian Institute of Technology , Mandi|
|36||Indian Institute of Technology, Mumbai|
|37||Indian Institute of Technology , Patna|
|38||Indian Institute of Technology , Roopnagar|
|39||Indian Institute of Technology , Roorkee|
|40||Indian School of Business(ISB), Hyderabad|
|Indian School of Business(ISB)-Mohali Campus|
|41||Indian School Of Mining – Dhanbad|
|42||IT BHU , (IIT Varanasi) Banaras|
|43||Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry|
|44||Kasturba Medical College (KMC), Manipal|
|45||King Edward Medical College (KEMC), Mumbai|
|46||Lady Hardinge Medical College (LHMC), Delhi|
|47||Madras Medical College (MMC), Chennai|
|48||Management Development Institute (MDI), Gurgaon|
|49||Maulana Azad Medical College (MAMC), Delhi|
|50||Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh|
|51||SJSOM, IIT – Mumbai|
|52||St. John’s Medical College, Bangalore|
|53||Xavier Labour Relations Institute(XLRI), Jamshedpur|
|1||Alagappa Chettiar College of Engineering & Technology (Anna University), Chennai|
|2||Amrita School of Medicine (ASM), Kerala|
|3||Birla Institute of Technology (Mesra), Ranchi|
|4||Centre for Environmental Planning & Technology (CEPT), Ahmedabad|
|5||College of Engineering , Pune|
|6||College of Engineering, Guindy (Anna University), Chennai|
|7||College of Structural & Architectural Planning (Anna University), Chennai|
|8||Dayanand Medical College (DMC), Ludhiana|
|9||Delhi College of Engineering (DCE), Delhi|
|10||Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar|
|11||Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar|
|12||Faculty of Engineering & Technology, Jadavpur University, Kolkata|
|13||Faculty of Management Studies (FMS), Delhi|
|14||Indian Institute of Foreign Trade (IIFT), Delhi|
|15||Indian Institute of Foreign Trade (IIFT), Kolkata Campus|
|16||Indian Institute of Forest Management (IIFM), Bhopal|
|17||Indian Institute of Science (IISc), Bangalore|
|18||Institute of Management Technology (IMT), Ghaziabad|
|19||Institute of Rural Management (IRMA), Anand|
|20||Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai|
|21||L N Mittal Institute of Information & Technology (LNMIIT), Jaipur|
|22||Loyola Institute of Business Administration (LIBA), Chennai|
|23||Madras Institute of Technology (Anna University), Chennai|
|24||Malaviya National Institute of Technology (NIT), Jaipur|
|25||Manipal Institute of Technology (MIT), Manipal|
|26||Marine Engineering & Research Institute, Kolkata|
|27||Maulana Azad National Institute of Technology (NIT), Bhopal|
|28||Motilal Nehru National Institute of Technology (NIT), Allahabad|
|29||Mudra Institute of Communication (MICA), Ahmedabad|
|30||Narsee Monjee Institute of Management Studies (NMIMS), Mumbai|
|31||National Institute of Design (NID), Ahmedabad|
|32||National Institute of Industrial Engineering (NITIE), Mumbai|
|33||National Institute of Technology (NIT), Agartala|
|34||National Institute of Technology (NIT), Calicut|
|35||National Institute of Technology (NIT), Durgapur|
|36||National Institute of Technology (NIT), Hamirpur, Himachal Pradesh|
|37||National Institute of Technology (NIT), Jamshedpur|
|38||National Institute of Technology (NIT), Kurukshetra|
|39||National Institute of Technology (NIT), Patna|
|40||National Institute of Technology (NIT), Raipur|
|41||National Institute of Technology (NIT), Rourkela|
|42||National Institute of Technology (NIT), Silchar|
|43||National Institute of Technology (NIT), Srinagar|
|44||National Institute of Technology (NIT), Surathkal|
|45||National Institute of Technology (NIT), Tiruchirapalli|
|46||National Institute of Technology (NIT), Warangal|
|47||National Law School of India University (NLSIU), Bangalore|
|48||National University of Juridical Sciences (NUJS), Kolkata|
|49||Netaji Subash Institute Of Technology (NSIT), Delhi|
|50||Nirma Institute of Management, Ahmedabad|
|51||S P Jain Institute of Management and Research (SPJIMR), Mumbai|
|52||Sardar Vallabh Bhai National Institute of Technology (NIT), Surat|
|53||School of Planning & Architecture, New Delhi|
|54||Symbiosis Centre For Management & HRD (SCMHRD), Pune|
|55||Symbiosis Institute of Business Management (SIBM), Pune|
|56||Tata Institute of Social Sciences (TISS), Mumbai|
|57||University College of Engineering (UCE), Burla, Odisha|
|58||University Institute of Chemical Technology (UICT), Mumbai|
|59||Veermata Jijabai Technological Institute (VJTI), Mumbai|
|60||Visvesvaraya National Institute of Technology (NIT), Nagpur|
|61||Xavier Institute of Management (XIM), Bhubaneswar|
- Regular full time Degree / Diploma Coursesin which admission is gained through entrance test/ selection process.
- One can also take loan for the full time Executive Management Courses.
Expenses Covered under SBI Scholar Loan
- Payment of College/School/Hostel fees .
- Examination/ Library/ Laboratory fees are also covered.
- Purchase of Books/Equipment/Instruments etc.
- Caution deposit / building fund/ refundable deposit required by Institution bills/ receipts.
- Travel expenses/expenses on exchange program.
- Purchase of personal computer/laptop.
You must keep in mind that expenditure does not exceed 25% of the SBI Scholar Loan amount. Expenditure beyond 25% cap is permissible subjected to production of voucher/ receipt for the same.
Documents Required for SBI Scholar Loan
- Letter of admission along with completely filled in Loan Application Form.
- 2 recent passport size photographs.
- Statement of cost that might incur during study.
- P.A.N. Card of the student and Parent/Guardian.
- AADHAAR Card of the student and Parent/Guardian.
- ID Proof (Driving Licence or Passport or Aadhaar or any photo identity).
- Proof of residence.
- Bank account statement for last 6 months.
- IT return/ IT assessment order, of last 2 years of Parent or Guardian.
- Income Proof (i.e. salary slips/Form 16) of Parent or Guardian.