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State Bank of India Education Loan

Government Bank

India's largest public sector bank, offering the Global Ed-Vantage scheme for study abroad with collateral-free options for select institutions.

Interest Rate
Starting ~8.65% p.a.*
High Loan Amount
Up to ₹3 Crore
Long Repayment Tenure
Up to 15 Years
Coverage
India & Study Abroad
Check Eligibility Apply Now
State Bank of India branch
Loan Amount
Up to ₹3 Crore
Interest Rate
From ~8.65% p.a.*
Processing Time
Varies by branch
Repayment Tenure
Up to 15 Years
Moratorium
Course Duration + 6 Months
Collateral
Waived up to ₹50 Lakh for premier institutes
Overview Eligibility Documents Loan Process Expenses Covered University Coverage Calculator FAQs

Why Choose SBI Education Loan?

Among the Lowest Rates

SBI's Global Ed-Vantage rates are competitive against most public banks, with a further concession for female applicants.

Collateral-Free up to ₹50 Lakh

Students admitted to select premier foreign institutions can borrow up to ₹50 Lakh without pledging collateral.

Course + 6 Month Moratorium

Repayment starts six months after course completion, giving graduates time to secure employment.

Minimal Processing Charges

Processing charges are kept low relative to the loan amount, with details confirmed at sanction.

India's Largest Public Bank

Backed by SBI's nationwide branch network and decades of trust as India's largest public sector lender.

Expenses Covered

Tuition & College Fees
Hostel & Living Expenses
Travel Expenses
Laptop & Computer
Insurance
Visa & SEVIS Fee
Books & Instruments
Exam & Library Fees

SBI Loan Highlights

  • Global Ed-Vantage loans from ₹7.5 Lakh up to ₹3 Crore for study abroad
  • Interest rates starting around 8.65% p.a., with a concession for female applicants
  • Collateral-free financing up to ₹50 Lakh for select premier institutes
  • Standard margin of 10% of the loan amount
  • Moratorium of course duration + 6 months
  • Repayment tenure of up to 15 years
  • Tax benefits on interest paid under Section 80E
  • Available across SBI's nationwide branch network

Eligibility Criteria

Indian Citizenship

Applicant must be an Indian citizen with secured admission to an approved institution abroad.

Recognized Institution

Admission must be to a regular graduate, postgraduate, or doctorate course at a foreign institution recognized by SBI.

Co-applicant Required

A parent or guardian must join as co-applicant; for larger loans, additional co-applicants may be required.

Collateral Above Certain Amounts

Tangible collateral is generally required once the loan crosses the collateral-free threshold, which is higher for students admitted to premier listed institutions.

Documents Required

Standard checklist for education loan applications — confirm the exact current list with your SBI branch before applying.

Student Documents

  • Passport
  • Admission Letter
  • Academic Marksheets
  • PAN Card
  • Aadhaar Card
  • Photographs

Co-applicant Documents

  • PAN Card
  • Aadhaar Card
  • Salary Slips / ITR
  • Bank Statements (6 months)
  • Employment Proof
  • Address Proof

Collateral Documents (if applicable)

  • Property Papers (Registry)
  • Latest Tax Receipt
  • Fixed Deposit / LIC Documents
  • Chain Documents
  • NOC (If Applicable)
  • Valuation Report
View All Documents

How SBI Education Loan Works

1

Check Eligibility

2

Apply & Upload Documents

3

Application Login

4

Credit Evaluation

5

Sanction Letter

6

Visa Approval

7

Disbursement of Loan

University Coverage

SBI's Global Ed-Vantage scheme covers regular graduate, postgraduate, and doctorate courses at foreign institutions across the USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong, New Zealand, and more. SBI maintains a list of premier institutions that qualify for higher collateral-free limits — confirm your specific university's status with the bank or our counsellors before applying.

EMI Calculator

Estimate your monthly EMI for an SBI education loan based on amount, tenure, and interest rate.

Open EMI Calculator

Frequently Asked Questions

Indian citizens with confirmed admission to a recognized institution in India or abroad, along with an eligible co-applicant, can apply.
Not always — students admitted to select premier institutions can get collateral-free loans up to ₹50 Lakh. Larger amounts, or admissions outside the premier list, generally require secured collateral. Confirm current thresholds with your branch.
SBI typically requires a margin of around 10% of the loan amount, which can be met partly through scholarships or assistantships on a pro-rata basis.
Under the Global Ed-Vantage scheme, loans range from ₹7.5 Lakh up to ₹3 Crore for study abroad, depending on the course, institution, and applicant profile.
Yes, SBI typically offers a small interest rate concession for female students — confirm the current concession with your branch at the time of application.
View All FAQs

Still not sure if SBI Education Loan is right for you?

Compare with other banks and choose the best loan for your study abroad journey.

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*Interest rates are indicative, floating, and vary based on loan amount, collateral, institution category, and applicant/co-applicant profile. Confirm the current rate with SBI before applying.

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