A student loan is a financial product designed to help eligible students pursue higher education by providing the necessary funds to cover tuition fees and other educational costs. The SBI LY HOUR Bank student loans are available for students pursuing their degrees at the bank’s corporate university/college/vocational training center only.
Some leading educational and vocational institutions like CamEd University, Pannasastra University (PUC), and Western University are now our corporate universities.
Features
- Currency: USD
- Terms: Up to 8 years
- Loan size: Up to 100% of School fee or max USD 20,000
- Interest rate: From 12% to 18% per year
- Repayment mode : Grace period up to 4 years (pay only interest during studying period)
- Release mode: Full amount/ Yearly follow the school invoice.
Benefits
- Personal Accident Insurance is included
- Provide loans for both tuition fees and other necessary study cost
- No collateral required
- Competitive interest rates
- Flexible payment mode
Please contact our nearest branches or call center for service requirements and more information.
Note: SBI LY HOUR Bank reserves the right to change the above condition and interest rate without prior notice.