Education Loans

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Public Sector

SBI Global Ed-Vantage

SBI's flagship overseas education loan for full-time regular courses at approved foreign institutions. Widest branch network and lowest rates for AA-rated universities.

Apply on official site Loan page Official EMI calc
Interest
9.15%–11.15%
Max loan
₹150L
Non-collateral cap
₹50L
Tenure
15 years
Moratorium
6 months
Processing fee
0.1%
Type
Collateral + Non-collateral
Sample EMI (₹20L, 10y)
₹26,597/mo

Collateral rules

Tangible collateral required above ₹7.5L (property/FD/LIC).

Supported destinations

GermanyItalyUSAUKCanadaAustraliaIrelandNetherlandsFranceJapan

Eligibility

  • Indian national, age 18+
  • Secured admission to a full-time regular course abroad
  • Co-borrower (parent/guardian) with income proof
  • Collateral for loans above ₹7.5 lakh

Application process

  1. 1Apply online or at branch
  2. 2Submit documents
  3. 3Property valuation & legal check
  4. 4Sanction letter
  5. 5Disbursement to university

Documents required

  • Passport
  • Admission letter
  • Academic transcripts
  • IELTS/TOEFL
  • Income proof of co-applicant
  • Property documents
  • PAN & Aadhaar

FAQs

Is collateral mandatory?

Above ₹7.5 lakh, tangible collateral is required. Below that, only a co-applicant.

Repayment holiday?

Course duration + 6 months moratorium.