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 Education Loans
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
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
- 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 | view |
Thanks for visiting this useful post, Stay connected with us for more Posts. Visit every day for the latest offers of various brands and other technology updates.