Special education loan packages from banksSpecial packages for study loan from institutes like IIM, IIT from SBI
Apnaloan.com Research Bureau
10 Aug 2007
Many banks have special education loan schemes for meritorious and needy students. Some banks have tie-ups with educational institutes to offer comprehensive student loan packages to save students the procedural hassles in getting the loan sanctioned.
- SBI has tie-ups with the Indian Institutes of Technology (IITs) and the Indian Institutes of Management (IIMs) while HSBC has tied up with the Indian School of Business.
- Allahabad Bank offers loans at interest rates that are 200 basis points lower than the PLR for students of IIMs, IITs and professional courses.
- For those looking to study abroad, SBI has an interesting education loan package. It has a tie-up with Thomas Cook and offers instant wire transfers, foreign currency drafts, travellers cheques, pre-paid cards and insurance along with the student loan.