Assam Govt. Education Loan for Students 2019

Education Loan in Assam :

Application for Education Loan For Children of employees of Govt of Assam. The Scheme seeks to extend financial assistance to deserving/meritorious wards of employees of Govt. of Assam for pursuing higher education in India and abroad.


a. Students :

  •    Secured admission to Professional/ Technical courses as stated item number 04.
  • Students who have failed in the last qualifying examination including class XII will not be considered.
  • Only the wards of employees of Govt. of Assam presently in service will be eligible.

b. Parents :

  • Employees of State Government of Assam with Check off facility.
  • Should have at least 5 years residual pensionable service.
  • Ready to undertake to repay the loan amount even if the student fails to secure a job after completion of course.

In case of retirement during the currency of the loan, he will opt to draw Pension through SBI at least until the loan is liquidated.


a. Studies in India :

■              Professional courses: Engineering, Medical, Agriculture, Veterinary,

Law, Dental, Management, Computer, etc.

  • Courses like ICWA, CA, CFA, etc.

■              Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.

  • For studies at Institutions identified under Scholar Loan.

b. Studies abroad :

  • Graduation: For job oriented professional/ technical courses offered by reputed universities.
  • Post-graduation: MCA, MBA, MS, etc. Job oriented professional/ technical Post-Graduate Diploma courses offered by reputed universities.
  • Doctorate Programmes (Ph.D.) courses.

■          Courses conducted by CIMA (Chartered Institute of Management

Accountants). London, CPA     (Certified Public Accountant) in the USA. (As per Normal
Student Loan Scheme.)


  • For all loans up to Rs. 10 lacs: 1 year MCLR + 1%
  • Concession of 0.50% for girl students

■              1% rebate at the time of closure of loan, if interest is serviced during course

and moratorium period(Effective ROI not to b below 1-year MCLR at any point of time)


Up to 15 years after the commencement of repayment. The accrued interest during the moratorium period/ repayment holiday period for a loan up to Rs 10.00 lacs will be recovered on a month to month basis.


No processing/ upfront charges may be collected on educational loans. FOR LOANS TO STUDENTS GOING ABROAD,
a)         All those students who approach us for an education loan of more than Rs.4.00 lacs for studies abroad, will be required to make a deposit of Rs.5000/- The amount will be maintained in the form of a Bankers Cheque payable to “SBI A/c… (name of the borrower)” If the applicant avails the loan, the amount of Rs.5000/- will be adjusted against the contribution of margin money by him. If no margin is payable by him, the amount may be adjusted against the interest payable on the loan. If the applicant does not avail the loan within a period of 4 months of sanction of the loan, the amount will be appropriated and credited to Commission A/c.


I. As a measure of de -risking the Education Loan portfolio, the students availing Education Loans from the Bank would be suitably covered under RinRaksha SBILife Insurance Policy.2. In case of students who are eligible for Interest Subsidy, the amount of life insurance policy will be obtained for the loan amount only.


  • Passport Size Photograph (3 copies).
  • Copy of Pan Card (Identity Proof).
  • Electricity Bill/ Landline Telephone Bill/ Aadhar Card/ Driving License/ Passport (Address Proof)
  • Mark sheets and Pass Certificates up to last qualifying examinations (Matric onwards).
  • Offer letter/Bonafide Certificate from the institution.
  • Prospectus of the course and Approval copy AICTE/UGC or Governing Body for the course
  • Detailed fee structure of the course in the letterhead of the institution.
  • Score sheet of Entrance Test like JEE/PMT.
  • Any other documents if necessary.

Additional Documents for Studies Abroad:

  • Passport
  • Unconditional Offer Letter
  • Any other documents if necessary.


  • Passport Size Photograph (3 copies).
  • Copy of Pan Card (Identity Proof).
  • Electricity Bill/ Landline Telephone Bill/ Aadhar Card/ Driving License/ Passport (Address Proof).
  • Xerox copy of Bank Passbook or Bank account statement.
  • Form 16/ Income Tax Return/ Income Certificate from the appropriate authority (Income Proof)
  • Any other documents if necessary.

Note: PAN Card mandatory for both Student and Parent.

Download Application Form – Click here

Jagrat Bordolai

Founder of innovate Assam YT. Expert in SEO, Web designing, App Developing, Digital Marketing, and Java Programming. instagram- @thejagrat

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