SBI Education Loan for Study Abroad and India

SBI Education loan:

Get full information on SBI Education loan,interest rates,eligibility,online application form,loan amount repayment and online registration form.

SBI offering education loan to eligible students for study abroad and India with attractive interest rates.This scheme is valid to graduation,post graduation,degree,diploma and technical courses.Depending upon the type of course,the loan will be sanction from 4 lakhs to 20 lakhs.

SBI Education loan amount and Repayment:

The maximum SBI Education loan amount for studies in India is 10 lakhs and 20 lakhs for abroad studies.The loan amount Repayment period is 5 to 7 years.

SBI Education eligibility and courses:

1.Graduation/Post-graduation professional courses like Engineering/medicine/Technical courses/MBA/MCA and AICTE Approved courses

2.Degree/Diploma education and related courses

3.Teacher Training and nursing training courses etc

4.Job oriented professional courses for abroad studies

SBI Education loan interest rate:

Loan Amount Rate of Interest
For loans upto Rs.4 lacs3.50% above Base Rate, currently 13.25% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs3.25% above Base Rate, currently 13.00% p.a.
Above Rs.7.50 lacs2.00% above Base Rate, currently 11.75% p.a.

SBI Education loan documents required:

1.Filled SBI Education loan application form or apply online

2.Form 16

3.Marks memos of previous education

4.Admission proof letter from the college/university

5.PAN Card of the student

6.Residency proof

7.Latest passport size photos,at least 2

8.Parent’s/Student’s last 6 months bank statement

Margin:

No margin for SBI Education loans up to Rs.4.0 lakhs

SBI Education loans above Rs.4.0 lakhs ,5% for Studies in India: and 15% for Studies Abroad.

Students can also apply online by filing the application form at www.sbi.co.in or contact to your nearest State bank of India branch manager/executive to get more details on SBI Education loan and online registration process.

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  1. belkar rahul popat :

    sir,i can apply for educational loan in year 202-13 & giving this loan but interest is 13.50%.Sir i have any idea to reduce this interest rate,it can be possible!