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SBI Student Loan Scheme
Author : Admin
Category : SBI Loans
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SBI Student Loan Scheme

SBI Student Loan Scheme

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

Repayment period of upto 15 years after Course Period + 12 months of repayment holiday*

No processing / upfront charges will be levied on Education loans.


A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured


Courses Covered:

Studies in India:

Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc

Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc

Teacher training/ Nursing courses approved by Central government or the State Government

Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority

Studies abroad:

Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities

Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.


Expenses Covered

Fees payable to college/school/hostel

Examination/Library/Laboratory fees

Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course)

Caution Deposit/Building Fund/Refundable Deposit (maximum 10% of tuition fees for the entire course)

Travel Expenses/Passage money for studies abroad

Cost of a Two-wheeler upto Rs. 50,000/-


Any other expenses required to complete the course like study tours, project work etc

 Loan Amount

For studies in India - maximum Rs. 10 lacs

Studies abroad - maximum Rs. 20 lacs

* Higher loan limit for studies in India are considered on case-to-case basis

* Higher loan limit for studies abroad are considered under our SBI Global Ed-Vantage Scheme





Upto Rs. 7.5 Lacs:

Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee

Above Rs. 7.5 Lacs:

Parent/ Guardian as co-borrower and tangible collateral security


 In case of married person, co-obligator can be either spouse or the parent(s)/ parents-in-law



Upto Rs.4 Lacs: Nil

Above Rs. 4 Lacs : 5% for studies in India, 15% for studies abroad


Repayment will commence one year after completion of course.

Loan to be repaid in 15 years after the commencement of repayment

In case second loan is availed for higher studies later, to repay the combined loan amount in 15 years after completion of second course



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