SBI Abroad Education Loan Parameters

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Loan Limit

Rs. 7.50 Lakhs to Rs. 1.5 Cr


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R.O.I

Upto Rs 7.5 Lakhs - 11.15%*
Above Rs 7.5 Lakhs - 11.15%*

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Moratorium\Repayment

6 months \ 15 years


Feature Description
Margin Money INR 7.5 Lakh - INR 20 Lakhs - 15%
INR 20 Lakhs - 10%
Processing Time 20 - 25 days
Prepayment Charges Nil
Study Level & Course Bachelor's degree
Master's degree
Undergraduate diploma/certificate
Graduate diploma
Expenses Covered Tuition fees
Living Expenses
Books
Equipment
Instruments
Uniforms
Reasonably priced computer
Study tours
Project work
Thesis
On-campus accommodation or 3 to 6 months of living expenses covered by a Bank Forex Card.
Property Acceptable Residential flat
House
Open plot (above 2000 sq.ft)
Shop
Commercial property
“ Loan amount: 85% of the realisable value of the property is sanctioned. “
Collateral & Non-Collateral Yes
Co-Applicant: Parents
Grandparents
Immediate family members
Offer Letter In the USA, students can proceed with an education loan application upon receiving the acceptance letter from the university. There is no need to wait for the issuance of the I-20 form.

Study Abroad & Get Loan Sanction

Within 72 Hour

Eligibility

Graduation: Job-oriented professional/technical courses offered by reputed institutions.

Post-graduation: MS, MCA, MBA, etc., in job-oriented technical/professional courses.

Post Graduate Diploma/Certificate courses offered by reputed institutions.

Courses conducted by professional bodies like the Chartered Institute of Management Accountants in London, Certified Public Accountant in the USA, etc.

Doctorate programs (Ph.D.).

Regular degree/diploma courses such as aeronautical, commercial pilot training, shipping, etc.

Graduate and postgraduate degree courses, post-graduate diploma courses conducted by colleges or universities recognized by UGC/AIBMS/AICTE/ICMR or other government-approved educational institutions.

Courses like CFA, CA, ICWA, etc.

Courses conducted by prestigious institutions like IIM, XLRI, IIT, NID, IISc, NIFT, ISB, etc.

Degree or diploma in nursing or any discipline approved by the Director General of Shipping, Civil Aviation, or other regulatory bodies if the course is completed in India.

Courses conducted by prestigious foreign universities in India.

Full-time degree and diploma courses available through entrance tests and selection processes.

Full-time Executive Management Courses like PGPX.

Part-time graduate and post-graduate courses offered by selected institutes.

Benefits

Guaranteed best loan options.

Doorstep service for convenience.

100% free of cost services.

No documentation charges

Higher chances of loan approval.

Low turnaround time for quick processing

How To Apply

Apply Online & Upload Your Documents

Processing and Approval

Loan Sanction And Disbursal

Documents

KYC of applicant and co-applicants (such as identity proof, address proof, etc).

Academic Records

Proof of admission

Entrance Exam Result(if applicable)

Statement of cost of study/ Schedule of expenses

Income Proof for Salaried Co-applicant/ Guarantor (if applicable)

Bank account statement for last 6 months etc

Property Documents (if applicable)