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SBI SCHOLAR LOAN SANCTION PROCESS 2021-22 UNDER PANDEMIC SITUATION
1. BOTH THE APPLICANTS SHOULD HAVE SAVINGS ACCOUNT (SINGLE OR JOINT) IN SBI. ACCOUNT CAN BE OPENED THROUGH YONO APP OR BY VISITING NEARBY SBI BRANCH. NO NEED FOR FRESH ACCOUNT IF THE APPLICANTS HAVE AN EXISTING SBI ACCOUNT.
2. DOWNLOAD AND PRINT SBI SCHOLAR LOAN APPLICATION AND CHECKLIST FROM THE WEBSITE AND PREPARE ALL DOCUMENTS AT YOUR END.
3. SEND A SCANNED COPY OF COMPLETELY FILLED APPLICATION AND DOCUMENTS ON OUR BRANCH EMAIL ID: [email protected]
4. SBI IIT BRANCH WILL SANCTION THE LOAN AND DESPATCH THE SET OF LOAN DOCUMENTS TO NEARBY SBI BRANCH/ BRANCH OF YOUR CHOICE. A REFERENCE NUMBER (LOS ID) WILL BE COMMUNICATED TO YOUR NEARBY SBI BRANCH.
5. YOU WILL BE REQUIRED TO VISIT YOUR DESIGNATED SBI BRANCH AND SUBMIT COMPLETELY FILLED APPLICATION ALONG WITH REQUIRED DOCUMENTS.
6. COMPLETE THE FORMALITIES REGARDING SIGNING OF LOAN DOCUMENTS AT NEARBY BRANCH.
7. BRANCH WILL CONDUCT VERIFICATION SURVEY OF THE APPLICANTS.
8. SBI BRANCH WILL DESPATCH LOAN DOCUMENTS TO SBI IIT POWAI BRANCH
9. LOAN ACCOUNT TO BE OPENED AT SBI IIT BRANCH
10. FEE TO BE DISBURSED DIRECTLY TO IIT
11. REIMBURSEMENT OF FIRST SEMESTER FEES: IN CASE A STUDENT HAS ALREADY PAID FIRST SEM FEE TO IIT, FEE CAN BE REIMBURSED TO THE STUDENT IN HIS SBI SAVINGS ACCOUNTS WITHIN 6 MONTHS OF THE DATE OF PAYMENT.











CHECKLIST

 Mark sheet of 10th, 12th , Graduation (if applicable), Entrance Exam result  Proof of admission to course [ Offer Letter/ Admission Letter/ ID card if available]  Schedule of expenses for course  Copies of letter conferring scholarship, free-ship, etc.  Gap certificate, if applicable  Passport size photographs of Student / Parent / Co-borrower / Guarantor (2 copies each)  Asset-Liability Statement of Co-applicant / Guarantor

 Latest Salary Slip & Form 16 (For Salaried Persons)  ITAO / IT Returns for last 2 years ( if IT Payee) duly accepted by ITO  Bank Account Statement for the last six months of Parent / Guardian/ Guarantor  Permanent Account Number (PAN) of Student / Parent / Co-borrower / Guarantor  Submission of OVD (Aadhar card)