State Bank of Bikaner & Jaipur Education Loan | Education Loan in India | Student Loan in India

Student Education Loans by State Bank of Bikaner and Jaipur

Eligible Courses

  • All courses having employment prospects are eligible.
  • Graduation courses/ Post graduation courses/ Professional courses
  • Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan
• Fees payable to college/school/hostel
• Examination/Library/Laboratory fees
• Purchase of Books/Equipment/Instruments/Uniforms
• Caution Deposit/Building Fund/Refundable Deposit
• Travel Expenses/Passage money for studies abroad
• Purchase of computers considered necessary for completion of course
• Cost of a Two-wheeler up to Rs. 50,000/-
• Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan
For studies in India, maximum Rs. 7.50 lacs
Studies abroad, maximum Rs. 15 lacs

Interest Rate
For loans up to Rs. 4 lakh 11.25% p.a.
For loans above Rs. 4 lakh 12.25% p.a.

Processing Fees
No processing fee/ upfront charges
Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing a job, whichever is earlier. The loan is to be repaid in 5-7 years after commencement of repayment.



  • For loans up to Rs.4.0 lacs : No Margin
  • For loans above Rs.4.0 lacs up to Rs.7.50 lacs.
  • Studies in India: 5%
  • Studies Abroad: 15%

Documentation Required

  • Completed Education Loan Application Form.
  • Mark sheets of last qualifying examination
  • Proof of admission scholarship, studentship etc
  • Schedule of expenses for the specified course
  • 2 passport size photographs
  • Borrower's Bank account statement for the last six months
  • Income tax assessment order, of last 2 years
  • Brief statement of assets and liabilities, of the Co-borrower
  • Proof of Income (i.e. Salary slips/ Form 16 etc)