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| I.I.T. POWAI BRANCH, MUMBAI | |
| Dear Student, | |
| We on behalf of STATE BANK OF INDIA congratulate you on having secured admission in this esteemed and prestigious institute IIT, Bombay and wishes you a BRIGHT PROSPEROUS career ahead. | |
| We are located inside of the institute and keenly look forward to take care of all your banking needs under one roof during your stay here at IIT Mumbai. We offer an exclusive product “SBI Scholar Loan” for IIT students seeking loan assistance. | |
| SALIENT FEATURES OF THE PRODUCT | |
| Security & Margin No collateral security and NIL Margin/Own Source | |
| Interest Rate 6.65 | |
| Processing fees NIL | |
| Extra Expenses Covered Extra 25% of Loan amount upto Max. 3.00 Lakhs (for other course expenses including Foreign Exchange Programme.) | |
| Repayment terms No EMI during moratorium period (ie. course period + 12mths) Repayment tenure up to 15 years excluding moratorium period. | |
| Income Tax rebate Income tax rebate for co-borrower (parents) on interest paid | |
| Interest subsidy *During course period if family income is less than Rs.4.50 lakhs p.a. *Maximum Loan Amount Rs.7.50 Lakhs in such case. | |
| Reimbursement Reimbursement of semester fees already paid (1st Sem.only). | |
| DOCUMENTS REQUIRED FOR “SBI SCHOLAR LOAN” (all self-attested only) | |
| 1. Application form with 3 photographs - Student & Parent | |
| 2. PAN Card & AADHAR Card : For student and parents | |
| 3. Proof of permanent residence: Passport/Electricity bill/Tel. Bill/Bank Stmt.(Certfd.) | |
| 4. Letter of admission (Offer Letter + Seat Confirmation + Entrance test Score card) | |
| 5. Copy of Passing Certificate + Mark sheets for all qualified Examinations till date. | |
| 6. Income proof of parent: (as below) | |
| Salaried Businessmen / Self employed Retd./Others | |
| Employee ID Valid License + Address proof Crt. of Qualification(professional) PPO & Pension Slips (for Pensioner) | |
| 3 months latest salary slips 2yrs.ITR acknowledged by IT dept., GOI. 2yrs.ITR acknowledged IT dept., GOI. (if aplcbl.) | |
| 2 yrs. Form 16 or 2 yrs. ITR ackwgd. by IT dept., GOI. TDS Certificate (Form 16A, if applicable) Income Certificate from apt. Govt. authority. | |
| 6 months Sal. Bank a/c. stmt. 6 months Bank A/c. Statement 6 months Bank A/c. Stmt. | |
| 7. Original Sem. Fees paid Receipt with IITB. ID and Mess fee paid receipt with Letter from Warden (Bonafide) | |
| Please feel free to connect with us for any assistance on following official contacts: With Regards & Best wishes! | |
| Shri. Vijay Varu: 8879592246 Email:[email protected] | |
| WHATSAPP NO: 7013570910 Shri. Kaleem Baig : 7013570910 | |
| Shri. Babishan Sharma | |
| (Mob. 9086006111) | |
| BRANCH MANAGER 022–25720204/0912 Email: [email protected] | |