SBI Bank Loan

SBI Global ed-vantage Loan for Higher Studies in India and Abroad Education

Since the rules, regulations, eligibility conditions, repayments and interests rates etc are revised by the banks from time to time. students and parents are advised to check thoroughly the terms and conditions of educational loan scheme of respective bank on offer at the time of application.

State Bank Of India

Educational Loans for Higher Studies in India and Abroad.

Student Eligibility :

State Bank Of India Education Loan
  • The student should be an Indian National.
  • Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
  • Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card
  • Proof of admission: Offer Letter or Admission Letter from the Institution. Conditional admission letter may be considered.
  • Statement of cost of study/ Schedule of expenses
  • If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
  • Academic Records:
    • 10th Result
    • 12th Result
    • Graduation Result- Semester-wise (if applicable)
    • Entrance Exam Result through which admission is being taken (e.g. GMAT, GRE, TOEFL, etc.)

Expenses considered for loan :

  • Fee payable to college/ school/ hostel
  • Examination/ Library/ Laboratory fee
  • Travel expenses/ passage money for studies abroad
  • Caution deposit, Building fund/refundable deposit supported by Institution bills/receipts the amount considered for loan should not exceed 10% of the tuition fees for the entire course.
  • Purchase of books/ equipments/ instruments/ uniforms
  • Purchase of computer at reasonable cost, if required for completion of the course
  • Any other expense required to complete the course - like study tours, project work, thesis, etc

Quantum of Finance:

  • Minimum Loan Amount: Rs. 20 Lacs
  • Maximum Loan Amount: Rs. 1.5 Cr

Margin :

  • Scholarship/ assistantship to be included in margin.
  • Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.


  • Collateral security offered by Third Party (other than parents) can also be accepted
  • Accrued interest during the moratorium to be added to the principal and repayment in EMI fixed.
  • Repayment will commence 6 months after completion of course
  • Repayment upto maximum of 15 years

Rate of Interest :

  • Interest to be charged at rates linked to the Base rate as decided by the Bank from time to time.
  • Simple interest to be charged during the study period and up to commencement of repayment.
  • 0.50% concession in spread for Girl Students.
  • Servicing of interest during study period and the moratorium period till Commencement of repayment is optional for students. Accrued interest will be compounded at the time of commencement of repayment & EMI will be fixed accordingly.

Interest rates on Educational loans:

Loan Amount 1 Year MCLR Spread Effective Interest Rate Reset Peroid
Above Rs. 20 lacs & Upto Rs 1.5 Cr 8.45% 2.25% 10.70% 1 year
  • 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank

Concession in Interest Rates :

  • 0.50% concession for girl students

Processing Fee:

  • Rs. 10,000/- per application.
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Other Terms and Conditions:

  • Other terms and conditions as applicable to the Model Educational Loan Scheme for Pursuing Higher Education in India and Abroad are applicable to this scheme also.


  • Toll free telephone number 18004253800 & 1800112211.

Website: Loan