Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 Regional Rural Banks. The Bank has its Head Office in Meerut.
Purpose: To provide financial support to deserving/meritorious students for pursuing higher, professional and technical education this loan scheme is offered.
Eligibility: Any Indian citizen who has secured admission through entrance test/selection process can avail this personal loan if parents are in the command area of branch office of the bank.
Quantum of Loan: Maximum amount that can be granted as loan is Rs.7.5 lakhs.
Margin: Up to Rs. 4 lakhs loan there is no margin. Above Rs.4 lakhs loan there is a margin of 10%.
Rate of Interest: Up to Rs.2 lakhs the rate of interest is 11%. Above Rs.2 lakhs loan the rate is 12% per annum.
Security: Co-obligation of either or both parents or guardian(s) and collateral security or suitable third party guarantee is required.
Repayment: The interest to be debited monthly on simple interest basis during the repayment holiday period. Repayment Holiday period is Course period + 1 year or 6 months after getting job whichever is earlier. After commencement of repayment within 5-7 yrs, the repayment has to be completed.
Sir mughe eduction loan lena he kya apka bank education loan de sakta he
Hi Subham,
Please click here to apply for an Education Loan.
Cheers,
Team BankBazaar
Sarva up gramin bank se mai education loan lena chahata tha gonda belsar branch se lekin bank manager bhaut kamina hai mere se 720 r jma kra liya civil ki liye fir 400 rupees ka stamp magaya fhir saal bola time lagega q ki maine head office sudhir garg se baat kra di thi usse is liye usne nahi diya education loan to eh bekaar bank hai paisa invest hua aur time kya mila mujhe bank manager bhaut harami sala bhaut presan kiya kha usen mujhse ki jao head office se le lo education loan
Hi Ashutosh mishra,
We’re sorry to hear about your situation. However, if you wish to raise a complaint against the bank’s manager, you can write to the banking ombudsman. Please read this article to understand how to go about it.
All the best.
Cheers,
Team BankBazaar
Hi,
I have taken education loan from Sarva UP Gramin Bank for BTECH.
Year Amount
2013 95000
2014 96800
2015 92000
Total 28300.
In the starting Bank told me you have to pay only 84 installment 4920/month. I have passed Btech in 2016 and start to pay installment after 11 month of pass out( November 2016). form Nov 2016 to Jan 2018 i was paying 5000/month continuously.In Feb 2018 I had submitted 100000 and in May 2018 I had payed 84000. So i had submitted total principle amount 283000 till May 2018.
1) Can you please suggest me how much interest will be add in my account till May 2018?
2) Pls suggest me way to get concession in interest.
Thanks in Advance.
BR//
Hi Farman,
We will need more details to find the interest that you have paid. We suggest that you get the interest statement from your bank. This will have the total amount of interest that you have paid. You can speak to your bank to find out if they will reduce the interest rate.
Cheers,
Team BankBazaar