Congratulations !!!!

We extend our sincere congratulations to you on your selection in MBA from esteemed IIM Calcutta. We
take this opportunity to express our pleasure to be a part of your journey in accomplishing this milestone by
being your preferred financial partner.
State Bank of India is delighted to offer you Scholar Loan on being selected in one of the top premier
institute in India.

Scholar Loan offers:

 100% Financing  Simple interest during Moratorium

 NO margin money period for 3 years
 NO Processing Fee  Multicurrency Foreign Travel Card for
 NO Co-borrower/Guarantor exchange programme.
 Quick sanction at Campus Branch i.e  Interest calculated on daily reducing
SBI IIM Calcutta Branch balance
 Repayment period of upto 15 years  Income Tax rebate under section
after Course Period + 12 months of 80(E) in respect of interest paid
repayment holiday.  Digital Documentation
 Floating interest rate of 7.55% p.a (Documentation at your fingertips in
the comfort of your home)

Eligible expenses financed under Scholar Loan are:

 Eligible expenses
 Fees payable to College/Hostel
 Examination/ Library/ Laboratory fees
 Purchase of Books/ Equipment / Instruments
 Caution deposit / building fund/ refundable deposit supported by Institution bills/ receipts [not
to exceed 10% of the tuition fees for the entire course].
 Travel expenses/expenses on exchange programme
 Purchase of computer/laptop
 Any other expenses related to education
- No voucher/ receipt required, purpose (end use) need to be self-certified.
- Expenditure not to exceed 25% of the loan amount (upto a lumpsum amount of max Rs. 1
Lac).
- Expenditure beyond 25% cap permitted subject to production of voucher/ receipt.
We are excited to invite you to be part of SBI Wealth on sanction of your Scholar Loan (of INR 30
lakhs or above). Wealth Banking will be offering:

 Personalised Experience: A dedicated Relationship Manager to support you in all your banking
and investment needs.
 Priority Services: Your Relationship Manager will arrange for priority services to you at the
identified branches.
 Savings Account with waiver of charges on a host of services, premium Debit Card with
Lifestyle benefits and discount on Locker Rentals.
 Best-in-class Credit Card: You will be eligible for Aurum/Elite Credit Card with enhanced
lifestyle benefits designed to complement your lifestyle.
 Investment Excellence: You will gain access to best-in-class Demat account along with variety
of expert Investment related Services in SBI Mutual Fund Schemes.
 Comprehensive Protection: Protection solutions in the form of Life and General Insurance that
not only safeguard your future but also help you plan for the unforeseen circumstances.

At State Bank of India, we are having 230 branches in 29 nations across globe including USA, Europe,
Middle East. Going further, we aspire to continue to be your preferred partner in accomplishing all
your dreams through Home Loan, Auto Loan, Personal Loans with Interest calculated on daily reducing
balance, no advance EMI, no hidden charges, low processing fees and competitive rates. We also offer
Corporate Salary Package accounts with bundle of benefits and privilege.
We are committed to bring you the best suite of products with responsive and innovative financial
solutions while providing value and quality of service you expect and would continue to uphold the
spirit of ethics and transparency in all dealings with you.
Assuring you of our best services and attention always.
For any further details, you are requested to reach out to any of the undersigned or visit Bank.sbi.

Thanking You
Sincerely,
Team SBI IIM Calcutta
State Bank of India, IIM Calcutta,
IIM Calcutta Campus, Diamond Harbour Road
Kolkata 700 104

Ms Mohita Gupta Deputy Manager Wealth/ Scholar Loans 6291671291

Ms Debika Deputy Branch Manager/Loans and 9674765385/ 9674713200
Bhowmick Advances
Mr Arindam Sarkar Chief Manager 9674713150
 CHECKLIST OF DOCUMENTS
APPLICATION FORM
Application to be made in https://pmvidyalaxmi.co.in/
Before filing application in the portal keep the following scanned copy of document ready.
*File format is jpeg for Photograph and pdf for other documents and file size should exceed
200kb.
Applicant and Parent’s photo, Marksheet, Proof of Admission of course, Schedule of
expenses for course. (Kindly note that Parent information is required for PM Vidyalaxmi portal
only and co-applicant is not required for loan processing).
Please select bank as State Bank of India, IFSC Code SBIN0006210 before submission of
application.
CHECKLIST
KYC Documents
 2 copies of Passport size photographs of Student
 Permanent Account Number (PAN) of Student
 AADHAAR (mandatory, if eligible under various interest subsidy schemes of GOI)
Education Documents
 Mark sheet and certificates of 10th, 12th, Graduation (if applicable).
 CAT/GMAT Score Card as applicable.
Admission related Documents
 IIM Offer letter
 IIM acceptance letter
 Fees Structure/ Schedule of expenses.
Ancillary Documents
 Asset-Liability Statement of applicant (Format enclosed)
 Gap certificate, if applicable (Format enclosed)
or
Last six months’ salary slip, last 6 months’ salary account statement, ITR-V/Form 16
of last 2 years and resignation letter/ Relieving certificate.

For claiming CSIS Interest Subsidy during Moratorium Period

 SC/ST/OBC certificate
 Family Income certificate
Don’t forget to forward us the copy of application generated from PM Vidyalaxmi Portal
along-with the scanned documents mentioned herein above to mail id:
[email protected] for seamless experience at State Bank of India, IIM Calcutta Branch.
 DRAFT OF GAP CERTIFICATE
AFFIDAVIT

I, …………………………………………..(Full Name), age …… years, residing at

………………………………………….(address), do hereby state and declare on solemn
affirmation as under:

• I declare that I have passed ……………………………..(previous qualification) from

………………………………..(School/College/University) in …………..(month), ………..
(year), since then I did not enrol my name in any College/ Institute/ University and/ or
elsewhere as a regular student during my gap due to
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
……….(mention reason).

• I declare that now I wish to continue my further studies.

• I understand that my loan proposal is liable for cancellation in case the above information is
found to be incorrect.

• I declare that I am executing this affidavit to produce the same before State Bank of India to
prove my gap period in Education and enable them to consider my loan proposal.

What I stated above is true and correct to the best of my knowledge and belief.

SOLEMNLY AFFIRMED AT ………………(City)

This …… Day of …….. 20XX

Signature of applicant(s)

Deponent

Explained & identified by me. Before Me.

Signature of Notary
 Photograph
of the
Applicant
(student)

ANNEXURE-15
OPINION FORM APPLICANT(STUDENT)
The Chief Manager
State Bank Of India
IIM Calcutta Branch

Dear Sir/Madam

I furnish the following information in Education Loan proposal of Shri/Smt

……………………………………………
Full Name:…………………………………………………………………………………………………..
Address: Residence:…………………………………………………………………Phone…………….
Address: Office:………………………………………………………………… ……Phone …………..
No. of Dependents:…..………. Other Banking Relations……………………
Profession:…………………………… Age……… Yearly Income Rs:……………………………….
PAN No:……………………………………………………………………………………………….. …

Description of Immovable property:(Please attach Xerox copy of the sale deed or tax receipt)

House/Flat No. Address/Location Owner Value Encumbrance if Total

any/loan availed

DETAILS OF FINANCIAL WORTH OF THE APPLICANT(STUDENT)

Particulars Details(Account no., Amount Bank’s Assessment

Bank, Branch)
1. Savings in Bank (Savings
Bank +
Fixed Deposits)
2. Immovable property
(details like S.No./
Bldg.No./tax receipts,etc.
3. Current PF balance(Your
contribution)
4. Investment in
NSC/Shares/Bonds/Debentu
res/Mutual Funds( current
market value)/PPF etc.
5. Jewellary / gold ornaments
 6. SBI Life / LIC / Postal life,
etc.

7. Investment in various
firms(your share), HUF share
and Share in Associate
Concern
8. Total assets *

* (Enclose sheets, if required, for details)

I hereby offer my consent for standing as an applicant for the above loan. I certify that the above
information is correct.

Applicant(Student)

Above statement completed by borrower in my presence, was verified for documents of the borrower
found in order.

Date:

Officer
(field visit team)