SBBJ EDUCATION LOAN FOR PILOT TRAINING

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

Eligible Courses

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


Amount of Loan

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

Interest Rate

For loans upto 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.

Security

Amount Studies In India
Upto Rs. 4 lacs No Security
Above Rs. 4 lacs to Rs. 7.50 lacs Third Party Guarantee
Above Rs. 7.50 lacs to Rs. 15 lacs Tangible Collateral security of suitable value of loan or third party guarantee.
Margin

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


Contact Us

Website :

http://www.pilottraininginasia.com

http://www.pilottraininginasia.com/sbbj

http://www.pilotsjobinasia.in

http://www.pilotsjobinasia.in/sbbj

http://www.pilottraininginasia.in

http://www.pilottraininginasia.in/sbbj


Email : sbbj@pilottraininginasia.in