Lowest ROI | Minimal Processing Fee | Fast Approval | Domestic & Abroad
About SBI
SBI's Global Ed-Vantage scheme is the most popular education loan for Indian students studying abroad. With the highest loan amounts, lowest ROI among nationalised banks, and widest branch network across India, SBI is a first-choice lender for thousands of students every year. EduLend is an Authorised DSA partner of SBI and provides end-to-end application support.
Key Details
| Loan Type | Study Abroad & Domestic (India) |
| Maximum Loan Amount | ₹1.5 Crore (Abroad) |
| Interest Rate (ROI) | 10.15% – 11.15% p.a. (floating, EBLR-linked) |
| Processing Fee | ₹10,000 + GST |
| Collateral Required | Required for loans above ₹7.5 Lakh |
| Co-Applicant Required | Required (parent/guardian) |
| Moratorium Period | Course duration + 12 months |
| Repayment Tenure | Up to 15 years |
| Margin Money | 15% for abroad; 5% for India |
Benefits
Eligibility
Indian citizen with confirmed admission to a recognised foreign university (for abroad loans)
50%+ in qualifying exam (10+2 / UG)
Co-applicant with stable income required
Property / LIC / FD as collateral for amounts above ₹7.5 Lakh
Documents
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