Bank of Mysore


SBM, Founded by Sir.M.Visweahwaraya, has framed a scheme for the Professional in the field of medicine for pursuing higher studies in recognized university / institutions in India/Abroad.

To Meet :

  1. Tuition and other fees.
  2. Maintenance Cost / Hostel Fees.
  3. Cost of Books and Equipment.
  4. Cost of Passage (for studies abroad).

Pre Requisite :

  1. Admission offer from any Recognized University .
  2. Details of income of Parent / Guardian.

Margin :

10% of the total cost.


Interest :

Compounded at quarterly intervals on reducing balance.

Repayment :

The loan to be repaid in 48 months installments after completion of the course or securing a Job whichever earlier.

Security :

Security consisting of any of the following:
Government securities, UTI Bonds, NSC's, LIC Policies, Bank Deposits of equitable Mortgage of immovable property. Third party guarantee, if is insufficient.