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SBI Education Loans (State Bank of India Education Loans) 2023

SBI Education loans are for both domestic and international courses. You can get a loan to study for both vocational and professional degrees. Offers interest rates start at 6.65%.



SBI Student Loan

  • Maximum loan amount more than 20 lakhs
  • Repayment period up to 15 years after completion of the course with 12 months grace period.
  • Processing fee applied above 20 lakhs of Rs.10,000 + GST.
  • Up to loan amount Rs. 7.5 lakhs no collateral or guarantor required.
  • Interest rates applied 8.65% pa
  • For Girls 0.5% discount on interest rate

Scholar Loans

  • Maximum loan amount more than 40 lakhs
  • Repayment period up to 15 years after completion of the course with 12 months grace period.
  • Processing fee applied – NIL.
  • No collateral needed, only guardian as co-borrower.
  • Interest rates applied 6.65%- 8.15% pa
  • Indian National who is chosen via passing entrance exam or selection process.

Studies abroad – SBI Global ED-Vantage

  • Maximum loan amount more than 1.5 crores
  • Repayment period up to 15 years after completion of the course with 12 months grace period.
  • Processing fee applied – Rs.10,000
  • Tax Benefit under section 80(E)
  • Interest rates applied 6.65%- 8.65% pa
  • Online application process

Skill Loan

  • Minimum loan amount Rs.5,000 and Maximum 1.5 lakhs
  • Loan Repayment
  • Up to 50,000 – 3 years
  • 50,000 to 1 lakh – 5 years
  • More than 1 lakh – 7 years
  • No collateral needed
  • Processing fee applied – NIL.
  • Interest rates applied 6.65%- 8.15% pa

Takeover Education Loan

  • Switch your education loan to SBI and you can reduce your EMIs
  • Minimum loan amount Rs.5,000 and Maximum 1.5 lakhs
  • Repayment period up to 15 years after completion of the course with 12 months grace period.
  • Processing fee applied – NIL.
  • Interest rates applied 6.65%- 8.65% pa
  • For Girls 0.5% discount on interest rate

Eligible Courses for studying abroad

  • Regular Graduate Degrees
  • Regular Post-Graduate Degrees
  • Certificate Courses
  • Doctorate
  • Diploma Courses

How to Apply for SBI Education Loans

Offline Application

  • Visit your nearest SBI branch.
  • Take all the required documents with you.
  • Understand the terms and conditions applied.
  • Fill out the application form and submit it.

Online Application

  • Go to the SBI website
  • Click on loans, Select Education loans
  • You will be directed to the educations loans various schemes page
  • Choose the scheme you required
  • Click on Apply now
  • An application form will be opened
  • Fill in the details asked
  • Submit the documents asked
  • Submit the application

Basic Documents required for SBI Education Loans

  • ID proof (Voter id/adhar card/passport/PAN card/Driving license)
  • Address proof
  • Passport size photo
  • Academic records
  • Admission proof – offer letter/admission letter
  • Bank statements of past 1 year
  • If any other loan is taken, that loan details

For Co-applicant

  • ID proof (Voter id/adhar card/passport/PAN card/Driving license)
  • Address proof
  • Passport size photo
  • Bank statements of past 1 year
  • If any other loan is taken, that loan details

SBI Interest Subsidy Schemes


Dr. Ambedkar Central Sector Scheme – This scheme is applied for higher studies abroad linked with an education loan scheme for students who want to pursue a master’s degree. This scheme is for Economically week class.

Padho Pradesh Scheme – This scheme is also applied for higher studies abroad linked with an education loan scheme for students who want to pursue a master’s degree. This scheme is for the Economically weak class and minority section of society.

Contact Details


Call – 1800110009 / 18004253800

Official Website – SBI Education Loans

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