1. SBI Student Loan Scheme
Loan Amount: Up to ₹7.5 lakh without collateral; above ₹7.5 lakh with collateral.
Interest Rate: 10.65% p.a. for loans without collateral; 9.65% p.a. for loans with collateral.
Concession: 0.50% interest rate concession for female students.
Coverage: Tuition fees, examination fees, library/laboratory fees, purchase of books/equipment, and other related expenses.
2. SBI Scholar Loan Scheme
Eligibility: Students admitted to premier institutions like IITs, IIMs, NITs, and ISBs.
Loan Amount: Up to ₹50 lakh without collateral for List AA institutions; need-based loans with collateral for other lists.
Interest Rate: Ranges from 7.55% to 9.15% p.a., depending on the institution category.
Features: 100% financing, no processing fee, and repayment tenure up to 15 years.
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3. SBI Global Ed-Vantage Scheme
Purpose: For students pursuing full-time courses abroad.
Loan Amount: ₹7.5 lakh to ₹3 crore with collateral.
Interest Rate: 9.15% to 9.65% p.a.
Concession: 0.50% interest rate concession for female students.
Repayment: Tenure up to 15 years, including a moratorium period covering the course duration plus 12 months.
4. SBI Shaurya Education Loan
Eligibility: Spouse or children of Defence, Indian Coast Guard, and Central Armed Police personnel.
Loan Amount: Up to ₹40 lakh without collateral; above ₹7.5 lakh with collateral.
Interest Rate: 10.15% to 10.65% p.a.
Concession: 0.50% interest rate concession for female students.
5. SBI Skill Loan Scheme
Purpose: For students pursuing skill development courses.
Loan Amount: Up to ₹1.5 lakh.
Interest Rate: 10.15% p.a.
Features: No collateral required.
✅ Eligibility Criteria
Nationality: Indian citizens.
Age: 17 to 35 years.
Academic Qualification: Admission to recognized courses in India or abroad.
Co-applicant: Parent or guardian is mandatory as a co-borrower.
📄 Required Documents
- Admission letter from the educational institution.
- Academic records (mark sheets of 10th, 12th, and graduation, if applicable).
- Proof of identity and residence (Aadhaar card, PAN card, passport, etc.).
- Income proof of co-applicant (salary slips, IT returns).
- Bank statements of the last six months.
- Passport-size photographs.
📝 How to Apply
Online Application:
- Visit the SBI Education Loan Portal.
- Select the appropriate loan scheme.
- Fill in the application form with required details.
- Upload the necessary documents.
- Submit the application for processing.
Offline Application:
- Visit the nearest SBI branch.
- Collect and fill out the education loan application form.
- Attach copies of required documents.
- Submit the application to the bank official for processing.
💡 Tips for Quick Approval
- Ensure all documents are complete and accurate.
- Maintain a good credit history.
- Choose the loan scheme that best fits your educational needs.
- Apply well in advance to accommodate processing time.
- Follow up regularly with the bank for updates on your application status.
🔗 Useful Links
By understanding the various education loan options offered by SBI in 2025, students and parents can make informed decisions to support academic aspirations. Always consult with SBI representatives or visit the official website for the most current information and personalized guidance.
