SBI Educational Loan for Karnataka CET Medical Students

The State Bank of India will offer a student loan scheme for students joining medical and dental courses through the common entrance test (CET) conducted by the Karnataka Examination Authority for the year 2008-09. An agreement to this effect has been signed between the Rajiv Gandhi University of Health Sciences (RGUHS) and SBI.

The scheme, `Vidyadhana', will be offered as a financial package.

Under the scheme, students and their guardians can visit any SBI branch in Karnataka, preferably a branch nearest to their place of domicile, and avail of a temporary clean overdraft equivalent to the amount to be remitted at the time of CET counselling.

Subsequently, a regular loan limit will be sanctioned by the SBI branch as per the student's eligibility, the bank said in a statement on Friday.