Dear Viewers SBI give a loan to all the students for there study for domestic and international both courses for students. You can get a loan to study for both vocational and professional degrees. Offers interest rates start at 6.65%. we provide you all details under the article how can you taken the loan from SBI the details are given here step by step. for more details read below.
SBI Student Loan Scheme
- 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 the Girls 0.5% discount on interest rate
Scholar Loans
- Maximum loan amount above than 40 lakhs will get
- Repayment period up to 15 years after completion of the course with 12 months grace period.
- Processing fee applied – NIL.
- Tax Benefit under section 80(E)
- Interest rates applied 6.65%- 8.15% pa
- No collateral needed, only guardian as co-borrower.
- 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 rs
- 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
- Loan Repayment
- 50,000 to 1 lakh – 5 years
- No collateral needed
- Up to 50,000 – 3 years
- Processing fee applied – NIL.
- More than 1 lakh – 7 years
- Interest rates applied 6.65%- 8.15% pa
- Minimum loan amount Rs.5,000 and Maximum 1.5 lakhs
Takeover Education Loan
- you can Switch your education loan to SBI and you can reduce your EMIs
- Repayment period up to 15 years after completion of the course with 12 months grace period.
- Processing fee applied – NIL.
- Minimum loan amount Rs.5,000 and Maximum 1.5 lakhs
- For Girls 0.5% discount on interest rate
- Interest rates applied 6.65%- 8.65% pa
Eligible Courses for studying abroad
- Regular Graduate Degrees
- Certificate Courses
- Regular Post-Graduate Degrees
- Diploma Courses and others.
- Doctorate Eligible Courses for studying abroad
How to Apply for SBI Education Loans
Offline Application
- First you must Visit your nearest SBI branch.
- you should Take your all the required documents with you.
- you can strictly Understand the terms and conditions before apply applied.
- Fill up the application form and submit it.
- than you recieve the loan from SBI
Online Application
- First you must go to the SBI official website
- Now Click on loans, than Select Education loans
- then you direct jump to the educations loans various schemes page
- Now Choose the scheme you required
- Click on Apply now option
- An application form will be opened
- Fill the form enter all Required details on the scheme
- Now Submit the required documents
- then Submit the application your form will be submit successfully.
Contact Details
Basic Documents required for SBI Education Loans
- Address proof of applicant
- Admission proof – offer letter/admission letter
- Passport size photo applicant
- ID proof (Voter id/adhar card/passport/PAN card/Driving license)
- If any other loan is taken, that loan details you need to fill up.
- Applicant Bank statements of past 1 year
- Academic records of applicant
For Co-applicant
- Address proof of applicant
- Bank statements of last 1 year
- If any other loan is taken, that loan details
- ID proof (Voter id/adhar card/passport/PAN card/Driving license)
- Passport size photo of applicant
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.
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