SBI Commercial & International Bank Ltd. (SBICI) is a wholly owned subsidiary of State Bank of India, India's premier banking group .

Eligibility :
	First class in last qualifying exam Self / Parent having independent source of income owning residential premises in Mumbai
Loan Details
	Coverage of expenses  Fee payable to College/School/hostel. Examination/library/laboratory fee. Purchase of books/equipments/instruments/uniforms. Caution deposit/building fund/refundable deposit supported by institution bills/receipts. Travel expenses/passage money for studies abroad. Purchase of computers-essential for the completion of the course. Any other expense required to complete the course- like study tours, project work, Thesis etc. Quantum For studies in India - Maximum Rs.7.50 lacs. For studies Abroad - Maximum Rs.15.00 lacs. Margin 20% of total cost Security Collateral security by way of mortgage of immovable property / any other specified securities to cover 100% of loan amount Processing Charges 1% of loan amount
Rate of Interest
	As per bank rule.
Repayment
	Interest to be serviced regularly during moratorium period (MP). After MP entire outstanding in loan account will be treated as Principal for calculating future EMI's repayable in 10 years after date of first disbursement. Tenure Maximum period 10 years including duration of course Moratorium period not exceeding six months after completing the course or securing a job, whichever is earlier Prepayment : No pre-payment penalty Disbursement : In stages - as per requirement, directly to institution /university etc