AME loan-eligibility

Good news for students who wants to make their career in fastest growing aviation industry as Aircraft Maintenance Engineering in India because SBI will provide career loan to AME course regulated by DGCA, Govt of India. Aircraft Maintenance Engineering (AME) is an international program regulated by DGCA, Govt of India. This is the special career oriented program which is regulated by DGCA not by AICTE (All India Council for Technical Education).

According RBI policies banks are authorized to provide education lone to the courses which is regulated by AICTE there was big issue to get provide education lone to students who are doing AME Course regulated by DGCA, Govt of India.

But it is good news for candidates who are doing AME or wants to do AME because State Bank of India (SBI) announces and release a circular to all SBI branches to provide career loan to students who are doing AME course regulated by DGCA, Govt of India. Now AME students are also eligible to get loan from SBI bank. Now student has a change to make their career in fastest growing aviation industry in world. Student can

Name of the Scheme: SBI Career Loan

Eligibility

You are eligible if you are willing to undertake a course for joining Aircraft Maintenance Engineering courses in India and abroad from institutes recognized by the Ministry of Civil Aviation/DGCA. For this candidate has to get admission on the basis of Entrance Exam,  a candidate get admission in management quota or else he is not eligible to get bank loan.

Age:

(i) Applicant – Minimum 18 years

(ii) Co-borrower – Maximum 60 years

Quantum of loan: Maximum of Rs.20.00 Lacs

Nature of facility: Term Loans with the applicant and parent/guardian/spouse as co-borrowers

Repayment: 36 months in Equated Monthly Installments with maximum moratorium one year after completion of the course for start of repayment. No penal charges would be levied in case of early repayment of loan.

Processing fee: 0.50% of the loan amount

Aircraft Maintenance Engineer is the back bone of Aviation industry, to get admission in AME student has to join AME CET. Aircraft Maintenance Engineering Common Entrance Test is a national level common entrance test go get admission in top most AME institution in India. for apply online visit www.amecet.in or call 8800663006