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SPB Education Loans

Purpose : For study in India / Abroad       

  • Student must be Indian Resident        
  • Must possess 10+2 or equivalent Educational Qualifications        

Course Eligible

  • Approved courses for Graduation/Post Graduation & PG Diplomas by UGC/Govt./AICTE etc        
  • Regular Degree/Diploma courses approved by Director General of Civil Aviation        
  • Degree/Diploma courses offered by reputed foreign univerisities        


  • Maximum finance as prescribed by RBI from time to time        
  • Presently, ` 10 lacs for study in India & ` 20 lacs for study Abroad        
  • Principal repayment to start after 6 Months of completion of course or getting the job, whichever is earlier        
  • Monthly interest on loan outstanding is to be serviced during the course        
  • Expenses covered under the loan are Tuition Fees, Examination fees, Books / Stationery / Equipments/ Lodging & Boarding/travel expenses / insurance premium for student /study tours/project work, thesis, etc.       
  • Concessional rate of interest for girl student  
Documents Required (Illustrative Only)
Student Parents/Guardian Guarantor
PAN, Election Card, Driving License, Passport Etc.
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill
Copy of Mark Sheets/ Certificates (SSC onwards) ITR  (Computation of Income, P&L, Balance Sheet)/ Form No. 16 for last 3 Years    ITR  for last 3 years
Admission letter of Govt recg. University/ Institute Last 6 Months Bank Statements (self & Business)   
Letter of University regarding total fees, Course duration & other expenses (Lodging & Boarding, Books Etc)
Admission letter of Govt recg. University/ Institute
Proof of Business Existence   
Loan Statements & Sanction Letter of Existing Loans (If any)   
Any other document/certificates as required by Bank   

Security (any one)
City Survey/ 7/12 copy of Property to be mortgaged, Municipal Tax bill & receipt, Sale Deed, Index Copy etc.       

Government Security : NSC/KVP        
List of Securities showing certificate number, holders’ name, branch name & amount with signature of the holders & Xerox copy of the security.        

Insurance policies        
Surrender value quotation of the policy of Life Insurance Policies        
Other investment details with proof   

Charges & Fees    Charges of Title and Valuation are to be borne by applicant.

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