State Bank of Mysore

Name of Scheme: Gnanamitra - Educational Loan Scheme

Purpose:

To enable students with academic brilliance to meet tuition and other fees / maintenance costs / books and equipment and cost of passage for studies abroad etc., for pursuing studies at recognized school / college / institution.

Courses Approveds:

Higher studies

Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer courses accredited by DOEACC.

Loan Amount Limit:

Amount of loan (in Indian Rupees)	MIN(Rs.)	MAX(Rs.)
Higher Education- In India	10000	10.00 lakhs
Higher Education- Abroad	10000	20.00 lakhs

Margin:

Interest:

Interest Rates: SCHEMES AND INTEREST RATES ARE SUBJECT TO CHANGES FROM TIME TO TIME.

Repayment :

Technical / Professional Higher studies in India / Abroad

Repayment of loan to commence immediately after disbursal, by the parent / guardian, out of his / her income. Installments may be nominal (to cover interest portion, atleast) during the period the student is undertaking the studies. The installments will be stepped up one year after the completion of the course or after the student gets a job, whichever is earlier, so that the loan gets repaid together with interest within a period of 48 months thereafter.

Security:

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