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Fill Out Your Sbi Education Loan Form

The SBI Education Loan Application Cum Appraisal Form is a comprehensive document designed for individuals seeking financial assistance for educational purposes through the State Bank of India. This form gathers essential information about both the student and the parent or guardian, including personal data, financial status, and course details. Completing this form accurately is crucial for the loan approval process, so consider filling it out by clicking the button below.

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Article Structure

The SBI Education Loan Application cum Appraisal Form is a vital tool for students seeking financial assistance for their education. This comprehensive document requires applicants to provide a detailed range of personal information, ensuring a thorough understanding of both the student and their parent or guardian. Key areas in the form include personal identification details like names, addresses, and contact information, alongside insights into the applicant's financial situation, such as monthly income and existing banking relationships. Additionally, the form addresses specifics about the course of study, including the name of the institution, expected expenses, and potential employment outcomes after graduation. Security details are also critical, requiring applicants to declare any assets being used as collateral for the loan. Completing this form accurately enables the State Bank of India to assess eligibility and loan requirements efficiently. Throughout the process, specific documents must be submitted to support the information provided, ensuring a smooth application experience. By carefully filling out each section and providing the necessary documentation, applicants enhance their chances of securing the financial support they need to achieve their educational goals.

Sbi Education Loan Example

STATE BANK OF INDIA EDUCATION LOAN

APPLICATION CUM APPRAISAL FORM FOR EDUCATION LOAN

(PLEASE COMPLETE ALL PARTICULARS IN

BLOCK LETTERS AND TICKBOXES

WHEREEVER APPLICABLE)

CIF NO.(FOR OFFICE USE)

Signed photograph of Student

Signed photograph of Parent /

Guardian

ACCOUNT N0.(FOR OFFICE USE)

(1) PERSONAL INFORMATION OF THE APPLICANTS

Name in full of the Student

Name in full -Parent / Guardian

MIDDLE NAME ( Father / Husband	)
FIRST NAME	SURNAME

Relationship with the student

PARTICULARS		Student				Parent / Guardian

1.Detailed Residential Address (House No., Road Name, Locality, City, PIN, District, State)

2.Office Address (House No., Road Name, Locality, City, PIN, District, State)

3.Permanent Residential Address (House No., Road Name, Locality, City, PIN, District, State)

4.The name in which the correspondence should be addressed ( Mention 1st or 2nd applicant)

5. Address for correspondence of (tick appropriate box)

Residential Address

Office address

Permanent Address

6.E mail address

7.Date of birth ( DD / MM / YYYY)

Age

Years

Months

Years

Months

Telephone Number ( Office & Residence)

Office

Residence

Office

Residence

9.A. Whether personal telephone is owned, if not the type of relationship with the owner :

10.

Mobile No.

Fax No.

11.

Sex

12.

Marital Status ( Please also tick Single if no

Single

Married

Single

Married

living spouse)

13.

Residential Status ( indicate date of

Resident

NRI / PIO

Resident

NRI / PIO

permanent return, if any)

14.

Type of Identification Proof (Please indicate (a)

Voter ID No.

(a)

Voter ID No.

name of the document at ( d), if any

(b)

Pass Port No.

(b)

Pass Port No.

( c )

PAN

( c )

PAN

(d)

14.a. Particulars of Identification Proof, Issue date, place, expiry date,etc.

15.If you don't have PAN, reasons thereof

16.

Do you belong to

OBC**

17.

Number of dependents

Children

Others

Children

Others

18 Educational / Professional qualifications

**If yes, please enclose proof thereof.

(2) FINANCIAL / INCOME INFORMATION OF THE PARENT / GUARDIAN

Monthly Gross Salary

Monthly Net Salary

Particulars of deductions from gross salary

Other Income as per I.T. return

Annual Income as per I.T.return

(3) EMPLOYMENT DETAILS OF THE PARENT / GUARDIAN

Name of the employer

Name of the department

Designation & Employee No.(if available)

No.of years of present employment

Date of retirement

(4) DETAILS OF SECURITY OFFERED

A) IMMOVABLE PROPERTY

Title deed

Estimated Market

Plot / Flat / House No.

In the name of

Address

value

Lease / Freehold

Date

B) VEHICLE / CAR - Please give details

including registration number,etc.

C) OTHER SECURITIES

Name of the Security

Serial No.

Name of the holder

Maturity value

Estimated Market

Value

(5) DETAILS OF THE COURSE / STUDY

Name of the Proposed Course of Study

Name of the Institution, University, Country

Reasons for selection of Institution /

University

Ranking of the Institution or course

Duration of course

Date of commencement of course

Expected monthly income of student after

completion of the course

Employment potential after

completion

course

(6) LOAN REQUEST

COST OF THE COURSE

SOURCES

Tution fees

1. Details of non repayable studentship /

fellowship, etc. available to the Student

Essential Books, Stationery,

equipments,

Details of

repayable studentship

any

fellowship, etc. available to the Student

Examination fees

Details of

funds available from family

sources for the course

Maintenance expenditure

4. Amount of loan applied for

Insurance premia for the duration of loan and

start up period

TOTAL (Should tally with the sources)

TOTAL (Should tally with the cost)

(7) DETAILS OF FINANCIAL WORTH OF THE PARENT / GUARDIAN

PARTICULARS

Details ( Bank, branch, etc.)

Amount (Rupees )

Bank's assessment

1. Savings in Bank (Savings Bank +

Fixed

Deposits)

1.a. How long the Account has been maintained

2. Immovable property

3. Current PF balance(Your share)

4. Investment in NSCs/Share / Debentures /

bonds, etc.

5. Jewellary / gold ornaments

6. LIC / Postal life, etc.

7. Capital in various firms (your share),

HUF

share and Share in Associate Concern

(8) ADDITIONAL DETAILS OF BANK ACCOUNTS OF THE PARENT / GUARDIAN

Name of the a/c holder

Type of a/c

Name of Bank and branch

A/c Number

(9) DETAILS OF EXISTING LOANS ( FROM STATE BANK OF INDIA OR OTHER BANKS)

Purpose

Bank Name / other details and a/c No.

Date of loan

Loan Amt

Present

Mode of payment

outstandings

Housing loan

Car loan

PF Loan

Borrowings from friends and relatives

Credit Society

Others (Please specify)

Other details

EMI

Details of security charged

Housing loan

Car loan

PF Loan

Borrowings from friends and relatives

Credit Society

Others (Please specify)

(10) PROPOSED / PREFERRED REPAYMENT AND PAYMENT OF INTEREST

Mode of Repayment (How many months or how many EMIs ?)

Payment of full interest as and when applied during the

No interest will be paid during

By Student

By Guardian

moratorium

(11) GENERAL

3. Do you have an existing relationship with SBI,

if so, details thereof

4. Do you wish to open a Savings Bank with SBI

5. Is any guarantee given to SBI/Other bank

If yes, details

Yes

No.

thereof

(12) DOCUMENTS REQUIRED

Mark sheet of last qualifying examination for school and graduate studies in India

Copies of letter conferring scholarship, free ship, etc.

Documents evidencing duration of course of

commencement

thereof, viz. Prospectus or

Certificate from the competent

authority of the Institution.

Copy of ranking of the University / Institution

Proof of admission to the course

Schedule of expenses for the course

Two copies of pass port size photograph of the student / parent/ guardian /guarantor

Salary certificate & form 16 of previous year ( in case of employed)

I.T.Returns for the last 2 years ( if I.T.Assessee) duly accepted by the ITO

Statement of bank account for the last six months of the guardian / parent

Original sale deed and other document of title to property in respect of immvoable property offered as collateral security.

Proof of residnece ( identity Card / Passport / Voter Identification Card / Driving licence

Tax paid receipts etc. (Advance IT / Property Tax / Municipal Tax, etc.)

Others

DECLARATION

I / We hereby apply for a loan from State Bank of India to the extent indicated in the Loan Request Section of this application form. I / We declare that the foregoing particulars and information furnished in this application form are true, accurate and complete and that they shall form the basis of any loan State Bank of India may decide to sanction to me / us. I / We confirm that I / We have / had no insolvency proceedings against me / us. Nor have, I / We been adjudicated insolvent. I / We further confirm that I

/We have read the terms and conditions and understood the contents therein. I / We am / are aware that if I / We opt for loan at floating rates of interest, the Equated Monthly Instalment will comprise Principal and Interest based on State Bank Advance Rate which is subject to change from time to time.

I / We agree that State Bank of India may at its discretion conduct discreet inquiries in respect of this application. I / We undertake to inform as to any change in my / our occupation / employment, residential address and to provide any further information that the Bank may require. State Bank of India will be at liberty to take such action as it may deem necessary if my / our above statements are found to be untrue. I / We agree that State Bank of India shall have the sole discretion to reject / reduce loan amount / our loan application without assigning any reason thereof. I / We further agree that my / our loan transactions shall be governed by the rules of State Bank of India which may be in force from time to time. I also hereby give my consent to send the application to RACPC for sanction if in order and disbursement on sanction from RACPC or any Branch as per process prescribed by State Bank of India. I may carry out future transactions at the above mentioned Branch as Home Branch.

		Signature of the student					Signature of the Guardian
		Place -------------------------------					Place -------------------------------
		Date---------------------------------					Date---------------------------------
			17. FOR OFFICE USE ONLY
			Signature/s of the applicant/s obtained in our presence and verified and sent to RACPC
At Branch / OSF -			on ______________
							Name & Signature ( Branch / OSF)
At RACPC ( Data related			VIP Code ( 0 for No , 1 for	Customer			Relative	Code
At RACPC ( Data related
to CIF Creation)			Yes)	Type	-		(father / spouse)
to CIF Creation)				Personal
				Personal
Greetings required				Occupancy			Customer
				(home	owner,		evaluation required
				tenant,etc.)
CIS Organization code				Segment Code			CIBIL Reference
							made

	Date _______________					SIGNATURE OF THE		APPRAISING OFFICER

Get Sbi Education Loan PDF Form

Form Characteristics

Fact Name	Description
Form Title	The form is titled "State Bank of India Education Loan Application Cum Appraisal Form for Education Loan." It encourages applicants to complete all particulars in block letters.
Photograph Requirement	Applicants must include signed photographs of both the student and the parent or guardian.
Personal Information	Applicants are required to provide comprehensive personal information, including names, addresses, contact details, and identification proof.
Financial Information	The form mandates financial disclosures, such as monthly gross and net salaries, and details of deductions, including other sources of income.
Course Details	Applicants need to specify details about the proposed course of study, including the name of the institution and duration of the course.
Loan Request Information	Details regarding the cost of the course and sources for funding must be outlined, along with the total loan amount requested.
Repayment Terms	The form allows applicants to state their preferred mode of repayment, including how many months they intend to repay the loan.
Governing Laws	The education loan process is subject to the regulations and guidelines set forth by the Reserve Bank of India and the banking norms applicable in the respective states.

Guidelines on Utilizing Sbi Education Loan

Filling out the SBI Education Loan form requires careful attention to detail and accurate disclosure of personal, financial, and educational information. Gathering the necessary documents and understanding the requirements will streamline the application process. Below are the steps to successfully complete the form.

Begin with the personal information section. Fill in the full name of the student and the parent or guardian, including middle name, first name, and surname.
Provide the detailed residential address of the student and the parent or guardian, ensuring all components like house number, road name, locality, city, PIN, district, and state are accurate.
Include the office address for both the student and the parent or guardian.
Indicate the permanent residential address if it differs from the residential address.
Specify who should receive correspondence by mentioning the applicant’s name (1st or 2nd), and choose the appropriate correspondence address type.
Enter the student’s email address, date of birth, age, telephone numbers, and mobile number.
Provide identification details such as PAN, Voter ID, or Passport numbers as instructed, and if necessary, explain why PAN is not available.
Indicate if the applicant belongs to SC, ST, or OBC categories and the number of dependents.
In the financial/income section, state the parent or guardian's monthly gross and net salary, deductions, and annual income.
Document employment details, including the employer's name, department, designation, and years of employment.
Outline the security details being offered, such as immovable property and other securities, providing accurate values and ownership details.
In the course/study section, mention the proposed course of study, name of the institution, reasons for selection, and length of the course.
List the cost of the course and any financial sources like non-repayable scholarships or family support.
Detail the parent/guardian's financial worth by listing bank savings, properties, and investments.
Include information on any existing loans, including amounts, purposes, and outstanding balances.
Select the mode of repayment and provide information regarding interest payments during the moratorium.
Complete the general information section, indicating any existing relationship with SBI and any guarantees provided.
Attach necessary documents as specified, ensuring that copies are complete and clear.
Sign the declaration, confirming that all information is accurate and complete.

What You Should Know About This Form

What is the SBI Education Loan application cum appraisal form?

The SBI Education Loan application cum appraisal form is a comprehensive document required to apply for an education loan from the State Bank of India. This form collects essential information regarding the applicant, including personal details, financial background, and course information. It must be filled out completely in block letters and requires documents that verify the information provided. Proper submission of this form is crucial for the processing of your loan application.

What documents are needed along with the SBI Education Loan form?

To ensure a smooth application process, it's necessary to gather several key documents. You'll need mark sheets from your last qualifying examinations, proof of admission to the course, and any scholarship letters if applicable. Additional documents include your income tax returns for the last two years, bank statements for the previous six months, and proof of residence. Ensure that all documents are clear and legible; missing documents may delay your application. Always check the specific requirements of SBI, as they may vary slightly based on location and current guidelines.

How is the loan amount determined in the SBI Education Loan application?

The loan amount for an SBI Education Loan is determined based on several factors outlined in your application. The total cost of the course, including tuition, examination fees, and maintenance expenses, will be taken into account. Additionally, your financial status, including income and existing liabilities, plays a significant role. After reviewing your submitted form and supporting documents, the bank assesses both your eligibility and the loan amount that you can manage to repay comfortably. Hence, providing accurate and detailed financial information is paramount.

Is there a possibility of loan rejection after submission of the form?

Yes, there is a possibility that your loan application may be rejected after submission. The State Bank of India reserves the right to analyze all provided information and perform necessary inquiries. If the bank finds discrepancies in your details or if your financial capacity does not align with the requested loan amount, they may decline your application. It's important to be honest and thorough when completing your form to mitigate any risks of rejection. Understanding the terms and conditions of the loan beforehand can also help in aligning your expectations with bank policies.

Common mistakes

Submitting an application for the SBI Education Loan is a critical step for many students and their families. However, mistakes are frequently made during this process, which can delay approval or even lead to rejection of the application. Here are ten common errors to avoid when filling out the SBI Education Loan form.

Firstly, neglecting to sign all required documents is a frequent oversight. Both the student and the parent or guardian need to provide their signatures. Missing one can result in the form being considered incomplete.

Secondly, applicants often provide incomplete personal information. It's essential to fill in every section thoroughly, especially residential addresses and contact numbers. Any inaccuracies can lead to miscommunication or complications during the loan process.

Another common mistake is failing to provide accurate income details. Ensure that the income figures for the parent or guardian reflect actual earnings and align with tax returns. Inconsistencies can raise red flags for loan officers.

Many applicants also overlook the identification proof requirements. It's crucial to include valid ID, such as a PAN card or Voter ID, and ensure that all information matches. Discrepancies can result in further checks, delaying the process.

In addition, listing an incorrect or outdated mobile phone number can be problematic. Communication from the bank is vital during the application review. An unreachable number could hamper the process.

Another issue arises when applicants do not provide relevant documentation. Make sure to attach all necessary papers, including proof of admission, income statements, and previous academic marks. Incomplete submissions often lead to delays.

Many individuals incorrectly assume they can provide generic information about the proposed course and institution. Specificity is key here. Include detailed data about the course duration, ranking of the institution, and why it's a good choice. Generic details can weaken an application.

Providing inaccurate information regarding existing loans is another mistake to avoid. It's important to be transparent about any current debts, as these contribute to the debt-to-income ratio the bank considers.

Some applicants also fail to list all sources of income accurately. Be sure to include side jobs or any additional revenues, like freelancing. Presenting a clear picture of financial resources helps in understanding repayment capability.

Lastly, many people do not pay attention to the loan request section. It’s important to match the total costs of the course with the sources of funding. Any discrepancies can lead to confusion and, ultimately, rejection.

By avoiding these common errors, applicants can enhance their chances of a smooth and successful education loan application process with the State Bank of India.

Documents used along the form

When applying for an education loan with State Bank of India, it's important to have several other documents ready aside from the education loan form. These documents support the information provided in the application and can expedite the loan approval process.

Mark Sheet of Last Qualifying Examination: This document verifies the academic performance of the student before applying for the loan.
Proof of Admission: A letter or certificate from the institution confirming the student’s admission into the course.
Income Tax Returns: Submitting the last two years of income tax returns demonstrates the financial background of the parent or guardian.
Salary Certificate: This document from the employer indicates the monthly and annual income of the parent or guardian.
Bank Statement: The last six months of bank statements show the financial transactions and savings of the parent or guardian.
Proof of Residence: This could include documents like a utility bill or government ID that shows the current residential address.
Original Sale Deed: If using property as collateral, the sale deed proves ownership and describes the property in detail.
Two Passport Size Photographs: Recent photographs of the student and the parent or guardian are required for identification purposes.

Gathering these documents in advance can make the process smoother and help ensure that your loan application is processed without significant delays. Each piece of documentation plays a critical role in establishing the borrower’s financial credibility and readiness to take on the educational journey ahead.

Similar forms

The SBI Education Loan form shares similarities with several other financial documents. Each of these documents serves a specific purpose in the context of financial transactions and applications. Here’s how they compare:

Loan Application Form: Similar to the SBI Education Loan form, a standard loan application form collects personal and financial information from borrowers. Both require details about income, employment, and collateral, aimed at assessing a borrower's creditworthiness.
Debt Consolidation Application: A debt consolidation application seeks to consolidate multiple debts into a single loan. Like the education loan form, it captures personal and financial details to evaluate the applicant's ability to manage the consolidated payment.
Mortgage Application Form: When applying for a mortgage, borrowers must fill out a detailed application, much like the SBI Education Loan form. Both require information on the applicant’s income, assets, liabilities, and the purpose of the loan.
Personal Loan Application: A personal loan application form also requests background information and financial data. This form and the SBI Education Loan form both need details on the applicant's employment history and monthly expenses, facilitating the lender’s assessment.

Dos and Don'ts

When completing the State Bank of India education loan application, certain guidelines can help you submit a well-prepared and complete form. Below is a list of things to do and avoid during this process.

Do: Fill out all sections of the form in block letters.
Do: Provide accurate personal and financial details.
Do: Include your contact information such as phone number and email address.
Do: Attach signed photographs of both the student and the parent/guardian.
Do: Clearly state the intended course and institution, along with its duration.

Don't: Leave any section blank or incomplete.
Don't: Use abbreviations or initials in the name sections.
Don't: Delay in submitting the application, as processing times may vary.
Don't: Provide false information or misrepresent any details.
Don't: Forget to include necessary supporting documents like income proof and identity verification.

Following these recommendations can streamline your application process and improve the chances of receiving loan approval.

Misconceptions

Understanding the State Bank of India Education Loan form can be challenging. Here are seven common misconceptions people have about this form:

It’s too difficult to fill out. While the form requires detailed information, it’s designed to be straightforward. Take it step-by-step, and don’t hesitate to ask for help if needed.
All information must be provided at once. You can gather the required information over time. Focus on collecting documents like proof of admission and financial details first, and tackle the rest as you go.
Only parents can apply for the loan. While it's common for parents or guardians to apply, students can also apply in certain cases, especially if they have a solid financial background.
You need to have excellent credit to get the loan. The bank looks at various factors, including income and employment details. Even if your credit score isn't perfect, you might still qualify.
Completing the form is the last step. After you submit the form, the bank will likely require additional documents or clarifications. Stay prepared for follow-up communications.
Security is only required for larger loans. Even smaller loans can sometimes require collateral. The bank assesses the risk associated with each application carefully.
The process takes forever. While it's true that processing can take some time, early preparation of your documents can speed up the process significantly.

By addressing these misconceptions, you can approach the SBI Education Loan application with greater confidence and clarity.

Key takeaways

Filling out the SBI Education Loan form correctly is crucial for a smooth application process. Here are some important takeaways:

Use Block Letters: Complete all fields in block letters. This ensures that information is clear and legible.
Provide Accurate Personal Information: Make sure to include details such as the full names, addresses, and contact number of both the student and the parent or guardian.
Document Financial Background: Include a detailed breakdown of monthly income, savings, and other financial resources. Accurate financial information supports your loan application.
List Course Details Clearly: Provide comprehensive information about the course, institution, and potential career outcomes. Admission and course duration are particularly significant.
Attach Required Documents: Gather and submit all necessary documents such as proof of admission, income statements, and identification. Incomplete documentation can delay processing.
Understand Repayment Plans: Clearly state how you plan to repay the loan, including any moratorium periods and payment plans you wish to set.

By keeping these points in mind, the likelihood of a successful loan application increases significantly. Make sure each section is thoughtfully addressed to avoid any potential issues.

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