SBI Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOAN FROM 25 LACS UPTO 1.5 CRORES FOR FULL TIME REGULAR COURSES AT FOREIGN COLLEGES/UNIVERSITIES.
Interest
Rate

Loan limit Interest Rate
Above 25 lacs & upto 1.5 crores 9.25-10.45%
Loan Amount &
Security

Secured Unsecured
Above 20 lacs to 1.5 crores -
Charges &
Repayment

Processing fees 10000
Repayment period Upto 15 years
Moratorium period Course of study + 6 months
Eligibility
Criteria

  • Indian national
  • Secured admission into premier institute
Key Benefits &
Coverage

Tax benefits under section 80 E
Concessions
  • 0.50% on ROI for girl student
  • 0.50% on ROI for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour SBI
Margin
  • Scholarship/assistantship to be included in margin
  • Margin to be brought in on year to year basis
Course covered
  • Regular full time Degree/ Diploma Courses through entrance test/ selection process.
  • Executive Management Courses like PGPX
  • No Certificate/ Part time courses
Expenses covered
  • College fees, book & laptop purchase, travel expenses and any education related expenses.
Required
Documents

Student Co-Borrower
KYC
  • Aadhaar
  • 2 passport photo
  • Aadhaar & Pan card
  • residence proof
EDUCATION
  • Admit letter
  • cost of study statement
  • X & XII mark sheet
    ---
INCOME
  • Pan card
  • 6 months bank account statement
  • 6 month bank account statement
  • ITR of last 2years /form 16
  • Income proof(salary slip)
SECURITY
    ---
  • Assets and liabilities brief statement