Nationalized and other Banks provide loans to eligible students for higher education. Banks such as State Bank of India, Punjab National Bank, Bank of India, Allahabad Bank, Bank of Baroda, Oriental Bank of Commerce, Syndicate Bank, Central Bank, Union Bank of India, Rajasthan Gramin Bank etc. have been granting education loans to the students of SMCET.
The college fees for all the courses are duly approved by the Govt. of Rajasthan. Thousands of students studying at SMCET have been availing the education loan facility.
All the interested students are provided the documents which are needed by the Bank. The list of few documents is:
- Provisional Admission Letter
- AICTE Approval Letter
- Students Bonafide Certificate
- Demand Letter
- Fee structure
- Any other college related document
However the final loan approval and disbursement of loan is a sole subject of Bank policy and the ultimate right is reserved with the bank only.
The Institute does not undertake any guarantee for pay back of the loan sanctioned by the banks.