SBI CAREER LOAN
Do you want to opt for training to acquire skills needed to join Commercial Pilot training courses or Airhostess Training courses in India and abroad, from institutes recognized by the Ministry of Civil Aviation/DGCA, then you can avail SBI Career Loan.
Do you want to opt for training to acquire skills needed to join Commercial Pilot training courses or Airhostess Training courses in India and abroad, from institutes recognized by the Ministry of Civil Aviation/DGCA, then you can avail SBI Career Loan.
SBI have a loan scheme for this purpose, in the form of Personal Loan secured by Mortgage of Immovable Property/Govt.Securities, Public Sector Bonds,NSCs/KVPs/RBI Relief Bonds/Bank’s TDR/LIC Policies etc.
Name of the Scheme
Name of the Scheme
SBI Career Loan
Eligibility
You are eligible if you are willing to undertake a course for joining Commercial Pilot training courses and Airhostess Training courses in India and abroad from institutes recognized by the Ministry of Civil Aviation/DGCA.
Age
(i) Applicant – Minimum 18 years
(ii) Co-borrower – Maximum 60 years
Quantum of loan
Maximum of Rs.20.00 lacs
Nature of facility
Term Loans with the applicant and parent/guardian/spouse as co-borrowers
Repayment
36 months in Equated Monthly Instalments with maximum moratorium one year after completion of the course for start of repayment. No penal charges would be levied in case of early repayment of loan.
Processing fee
0.50% of the loan amount
Margin
Sl.No. Type of Security Margin
1. Land/Building 20%
2. Govt.Securities/Public Sector Bonds, NSCs, KVPs,Bank’s Deposits, RBI Relief Bonds etc.
10% on the Face value of the Security
3. LIC Policies 10% margin on Surrender value of LIC Policies
Interest
Sl.No. Type of Security Rate of Interest
1. Land/Building 0.25% above SBAR i.e. 14.00% p.a..
2. Bank’s TDRs/STDRs 1.00% above the rate of interest payable on deposits
3. Govt.Securities/Public Sector Bonds/NSCs/ KVPs/RBI Relief Bonds,LIC Policy
SBAR – 13.75% p.a.
Eligibility
You are eligible if you are willing to undertake a course for joining Commercial Pilot training courses and Airhostess Training courses in India and abroad from institutes recognized by the Ministry of Civil Aviation/DGCA.
Age
(i) Applicant – Minimum 18 years
(ii) Co-borrower – Maximum 60 years
Quantum of loan
Maximum of Rs.20.00 lacs
Nature of facility
Term Loans with the applicant and parent/guardian/spouse as co-borrowers
Repayment
36 months in Equated Monthly Instalments with maximum moratorium one year after completion of the course for start of repayment. No penal charges would be levied in case of early repayment of loan.
Processing fee
0.50% of the loan amount
Margin
Sl.No. Type of Security Margin
1. Land/Building 20%
2. Govt.Securities/Public Sector Bonds, NSCs, KVPs,Bank’s Deposits, RBI Relief Bonds etc.
10% on the Face value of the Security
3. LIC Policies 10% margin on Surrender value of LIC Policies
Interest
Sl.No. Type of Security Rate of Interest
1. Land/Building 0.25% above SBAR i.e. 14.00% p.a..
2. Bank’s TDRs/STDRs 1.00% above the rate of interest payable on deposits
3. Govt.Securities/Public Sector Bonds/NSCs/ KVPs/RBI Relief Bonds,LIC Policy
SBAR – 13.75% p.a.
16 comments:
Very good......
Can you give 3000000 for pilot training with open plot documents as proof
I just need 2 lac for my air hostess training .
Do I have to give security for this.
I needed loan of 3000000 lakh for my cpl trining courses
If you give me loan without mortgage ???
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will you tell me which branch I approach for loan as my properties are in madurai. but I am residing in chennai
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