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Study Anywhere in the World — We'll Fund Your Journey

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Study Anywhere in the World — We'll Fund Your Journey
₹1.5 Crore Max Loan
10.15% p.a ROI
₹1.5 Crore (Abroad) Max Loan
10.15% – 11.15% p.a ROI (EBLR-linked)
Required >₹7.5L Collateral
₹10,000 + GST Processing Fee
0.50% Concession For Female Students

About SBI

SBI (State Bank of India) Education Loan

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 Details at a Glance

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

Key Features & Benefits

Highest Loan AmountUp to ₹1.5 Crore for abroad study
EBLR-Linked RateFloating rate, reduces as RBI cuts rates
No Prepayment PenaltyRepay early without extra charges
Interest-Only OptionInterest-only repayment during moratorium
Widely AcceptedAccepted by all foreign universities
Pan-India NetworkAvailable in all SBI branches across India
Female Student Concession0.50% ROI concession for women
Tax BenefitTax benefit under Section 80E

Eligibility

Who Can Apply?

Indian Citizen

Indian citizen with confirmed admission to a recognised foreign university (for abroad loans)

Academic Record

50%+ in qualifying exam (10+2 / UG)

Creditworthy Co-Applicant

Co-applicant with stable income required

Collateral for High Amounts

Property / LIC / FD as collateral for amounts above ₹7.5 Lakh

Documents

Documents Required

Student Documents
  • Passport (for abroad loans)
  • 10th, 12th, and UG marksheets & certificates
  • University admission / offer letter
  • Fee structure / cost of attendance from university
  • Entrance exam scorecards (GRE / GMAT / IELTS / TOEFL / NEET / JEE as applicable)
Co-Applicant Documents
  • PAN Card & Aadhaar Card
  • Last 3 years Income Tax Returns
  • Last 6 months bank statements
  • Salary slips (last 3 months) / Business proof
  • Property documents with valuation report (if collateral)

Help & Support

Frequently Asked Questions

SBI Global Ed-Vantage is SBI's flagship education loan scheme for Indian students studying abroad in full-time job-oriented courses at approved institutions. EduLend helps you check eligibility and apply.