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A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

  • Repayment period of upto 15 years after Course Period + 12 months of repayment holiday*

  • No processing / upfront charges will be levied on Education loans.



A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Courses Covered

Courses Covered

a. Studies in India:

  • Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc

  • Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc

  • Teacher training/ Nursing courses approved by Central government or the State Government

  • Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority

b. Studies abroad:

  • Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities

  • Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.

Expenses Covered

Expenses Covered

  • Fees payable to college/school/hostel

  • Examination/Library/Laboratory fees

  • Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course)

  • Caution Deposit/Building Fund/Refundable Deposit (maximum 10% of tuition fees for the entire course)

  • Travel Expenses/Passage money for studies abroad

  • Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work etc

Loan Amount

Loan Amount

  • For studies in India - maximum Rs. 10 lacs

  • Studies abroad - maximum Rs. 20 lacs

  • * Higher loan limit for studies in India are considered on case-to-case basis
  • * Higher loan limit for studies abroad are considered under our SBI Global Ed-Vantage Scheme



Upto Rs. 7.5 Lacs:

Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee

Above Rs. 7.5 Lacs:

Parent/ Guardian as co-borrower and tangible collateral security

In case of married person, co-obligator can be either spouse or the parent(s)/ parents-in-law



  • Upto Rs.4 Lacs: Nil

  • Above Rs. 4 Lacs : 5% for studies in India, 15% for studies abroad



  • Repayment will commence one year after completion of course.

  • Loan to be repaid in 15 years after the commencement of repayment

  • In case second loan is availed for higher studies later, to repay the combined loan amount in 15 years after completion of second course

EMI Generation

EMI Generation:

  • The accrued interest during the moratorium period and course period is added to the principle and repayment is fixed in Equated Monthly Installments (EMI).

  • If full interest is serviced before the commencement of repayment; EMI is fixed based on principle amount only.

Rate of Interest
Documents Required

Documents Required

  • Letter of admission

  • Completely filled in Loan Application Form

  • 2 passport size photographs

  • Statement of cost of study

  • PAN Card of the student and Parent/ Guardian

  • AADHAAR Card of the student and Parent/ Guardian

  • Proof of identity (Driving Licence/Passport/AADHAAR/ any photo identity)

  • Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)

  • Student/Co-borrower/ guarantor's bank account statement for last 6 months

  • IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee)

  • Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower

  • Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower

* Terms and conditions apply.