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Loans Against Fix Deposit
SBI Gives education loan against FD as well but this should be with SBI only and not with any other bank.
And FD of senior citizens are not accepted only normal FD are taken in to consideration and 85% of the FD amount can be sanctioned as EDUCATION LOAN
Loan Amount
- Minimum Loan Amount: Rs. 10 Lacs
- Maximum Loan Amount: Rs. 1.5 Cr
- Higher Loan amount can be considered and approved by the Circle CGM on a case-to-case basis based on expenses and employability of the course
Processing Fees
- Rs. 10,000/- + applicable GST
Securities
Tangible collateral security. “A” Khata properties and very few E khata properties where form 9 and 11A is available and Fixed Deposits (fixed deposits With SBI only)
Securities
Up to 6 months after completion of the course