Admission News

April 04, 2017 @ 01:15 PM

State Bank of India launches SBI Global Ed-Vantage

Published: Thursday, 17 March, 2016 04:00 PM

State Bank of India launches SBI Global Ed-Vantage – Overseas Education Loan

State Bank of India launches “SBI Global Ed-Vantage” an overseas education loan. The bank has long been a leader in fulfilling the aspirations of students who wish to pursue higher education in India and abroad. Being the largest Bank in the country, it is the first point of enquiry for students who get admissions to various courses and are in need of finance.

The Bank has constantly been adapting its offerings to student groups keeping in mind their specific requirements. SBI Scholar Loan scheme has been specifically tailored for those who get admission to a select list of 100+ Top institutions in India covering Management, Engineering, Medicine, Law etc. Key features include a collateral free loan at a low interest rate.

Recent years have seen a steady increase in enquiries for financing studies at foreign Universities. Students seeking global exposure are trying for prestigious Universities like Stanford, Harvard, MIT and INSEAD etc. But the cost of education being on the higher side, they often find it difficult to pursue their studies for want of adequate finance.

SBI Global Ed-Vantage is a new offering that aims to assist those who wish to avail a higher education at the top institutions across the globe. The salient features are as below:

  • Purpose: For pursuing full time regular courses in foreign colleges/ universities
  • Courses Covered: Regular full time Graduate/Post Graduate/Doctorate Courses in Science, Technology, Engineering, Mathematics, Medicine and Management in institutions/ universities of USA, UK, Canada, Australia, Europe, Singapore, Japan and Hong Kong.
  • Loan amount: Upwards of Rs. 20 Lakh and going up to Rs. 1.5 Cr
  • Margin: 20% i.e. up to 80% of cost of course is eligible for financing.
  • Rate of Interest: Base Rate + 1.70% = 11% p.a., as on 01.03.2016.
    • 0.50% concession for students availing of SBI Life Rinn Raksha (Life Insurance Scheme). Students already having a Life Insurance can avail of the concession only if the policy is assigned in favour of the Bank.
    • 0.50% concession for girl students
  • Repayment period: Student gets upto 15 years post completion of the course to repay the loan.
  • Disbursement: Fees shall be remitted directly to the institution. Student’s living will be credited into the SBI Foreign Travel Card.
  • Collateral: This is a fully collateralized loan where security equivalent to the quantum of loan financed has to be pledged to the Bank.
  • Moratorium: Student will be provided upto 6 months post completion of the course to begin re-paying the loan via EMIs. Simple Interest will be charged during Course Period + Moratorium Period

To avail of the SBI Global Ed-Vantage – overseas education loan, visit the designated branch nearest to you. List of branches and the contact details have been provided on the Bank’s website. So go ahead, Challenge the World!

Stay informed, Stay ahead and stay inspired with MBA Rendezvous

Crucial Dates, You Should not Miss

TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open for PGDM Programmes at BIMTECH. Apply Now !
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is December 22, 2017.
Goa Institute of Management
PGDM Admissions Open at GIM. Apply Before January 5, 2018
NIRMA
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 09, 2018
XAT 2018
Application Last Date 30th November 2017
IMI New Delhi
Application closes 4th December 2017
XIM Bhubaneshwar
Last Date 8th December 2017
SIBM Bengaluru
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Bengaluru through the SNAP Form
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before December 31,2017
IBSAT 2017
Last date for IBSAT registration is December 12 , 2017
SSBF
Last date to register for SNAP is 24th November, 2017. Last date for SSBF is 2nd January 2018
SIBM Hyderabad
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Hyderabad through the SNAP Form
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
Institute of Management Technology
Application closes on November 24, 2017
MDI Murshidabad
Application for PGPM 2018-20 at MDI Murshidabad is open till November 24, 2017

Admission Open Now

Following Colleges are accepting applications.

INTERNATIONAL MANAGEMENT INSTITUTE

Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online