Education Loans
State Bank of Indore: Education Loans Loan Amount Need based finance subject to repaying capacity of parents/ students. Studies in India: Max Rs.10.00 lac Studies Abroad: Max RS.20.00 lac Margin of Loan Up to Rs.4 lac : Nil Above Rs.4 lacs: Studies in India : 5 % Studies Abroad: 15% Interest Rate of State Bank of Indore Education Loan Up to Rs. 4 lac1.50% below BPLR i.e 12.25% p.a. Above Rs.4 lacs and up to 7.50 lacs at par with BPLR i.e 13.75% p.a.. Above Rs.7.50 lacs1.00% below BPLR i.e 12.75% p.a. MORATORIUM/ Course period + one year or 6 months after getting the job, whichever is earlier. Repayment Period of Loan 1. For loan up to 7.50 lacs for studies in India and up to 17 lac to studies abroad. The loan to be repaid in 5-7 years after commencement of repayment. 2. For Loan above 7.50 lac fo studies in India and above Rs.15 lacs for studies abroad. The loan to be repaid in maximum of 5-10 years after commencement of repayment. Security of Education Loan
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Eligibility of Education Loan in State Bank of Indore 
