SBI Education Loan for Study Abroad from India
SBI is India's most popular lender for study abroad education loans. AbroBot gives you a complete, 0% commission guide to SBI's Global Ed-Vantage scheme and Student Loan scheme for studying overseas.
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SBI Global Ed-Vantage Scheme
Loan amount: ₹20 lakh to ₹1.5 crore. Purpose: full-time regular graduate/postgraduate courses at top universities abroad. Security: tangible collateral required. Interest rate: based on MCLR + spread (typically 9.5–10.5%). Moratorium: course duration + 12 months.
SBI Student Loan Scheme
Loan amount: up to ₹7.5 lakh (no collateral), up to ₹20 lakh with collateral. Lower documentation. Covers tuition, living, travel and study materials. Interest rates slightly higher than Global Ed-Vantage.
Documents Required for SBI Education Loan
Admission letter from university abroad, passport, marksheets (10th, 12th, graduation), co-applicant income proof (salary slips or IT returns), cost of study breakdown from university, collateral documents (if applicable), and AbroBot's guidance letter confirming counselling and university selection process.
Frequently Asked Questions
SBI typically takes 15–30 working days for education loan processing with complete documents. Global Ed-Vantage for premier universities may be pre-approved faster. Start the process as soon as you receive your admission letter.
Yes — SBI education loans cover tuition, examination fees, library fees, study tours, living expenses (accommodation, food), travel (one-way airfare) and purchase of books/equipment required for the course.
Up to ₹7.5 lakh under the Student Loan Scheme is available without collateral. For higher amounts (up to ₹1.5 crore under Global Ed-Vantage), tangible collateral (property worth at least the loan amount) is required.
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