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🎓 SBI Education Loan: India’s Trusted Financial Ally for Students in India & Abroad

Are you dreaming of studying at a premier university in India or abroad but worried about finances? The State Bank of India (SBI) has got your back. With a broad range of education loan schemes, flexible repayment options, and government-backed subsidies, SBI continues to be India’s #1 choice for education financing.

🌟 Why Take an Education Loan from SBI?

SBI offers a student-friendly financial solution that is comprehensive, transparent, and digitally accessible. Here’s why students prefer SBI:

✅ Key Benefits:

🏦 Types of Education Loans Offered by SBI

SBI offers five major education loan schemes, each customized for different academic needs.

🎓 1. SBI Student Loan Scheme

This is a general-purpose education loan for students pursuing higher studies in India or abroad.

• Eligible Courses: Graduation, Post-graduation, professional courses, technical and vocational courses approved by UGC, AICTE, ICMR, etc.
• Loan Amount:
  • Up to ₹10 lakh (India)
  • Up to ₹20 lakh (Abroad)
• Collateral: Not required for loans up to ₹7.5 lakh; required for amounts above ₹7.5 lakh.
• Interest Rate: Ranges from 9.65% to 10.65% (subject to periodic revision).
• Repayment: Moratorium period (course duration + 12 months) followed by repayment up to 15 years.

Ideal for: Students who are not studying in premier institutes but require support for standard courses in India or abroad.

🏫 2. SBI Scholar Loan Scheme

Specifically designed for students who gain admission into premier educational institutions in India, such as IITs, IIMs, NITs, and other top-ranking institutes.

• Loan Amount: Up to ₹40 lakh, depending on the category of institution.
• Collateral: No collateral/security required for select institutions.
• Interest Rate: Lowest among all schemes—starts from 7.65%.
• Processing Fee: Nil.
• Repayment: Up to 15 years after the moratorium period.

Ideal for: High-achieving students in India’s most reputed institutions who want quick approval and low interest rates.

🌍 3. SBI Global Ed-Vantage Education Loan

Designed for students who want to study abroad for full-time regular degree courses.

• Eligible Courses: Undergraduate, postgraduate, and doctoral programs at foreign universities.
• Loan Amount: ₹20 lakh to ₹1.5 crore.
• Interest Rate: Starts from 9.65% (may vary based on tenure and credit score).
• Collateral: Mandatory.
• Processing Fee: ₹10,000 (refunded upon disbursement).
• Repayment: Begins 6 months after course completion; maximum tenure up to 15 years.

Ideal for: Students seeking global education opportunities and ready to provide collateral.

🔧 4. SBI Skill Loan Scheme

For students pursuing skill development courses as per the National Skill Qualification Framework (NSQF).

• Loan Amount: ₹5,000 to ₹1.5 lakh.
• Interest Rate: Fixed at 10.40%.
• Collateral: Not required.
• Repayment: 3 to 7 years depending on the loan amount.

Ideal for: Students interested in short-term, employment-oriented skill development courses.

🎖 5. SBI Shaurya Education Loan

Specially designed for the children of Defence and Central Armed Police Forces (CAPF) personnel.

• Loan Amount: Up to ₹1.5 crore.
• Interest Rate: Starts from 9.65%, depending on whether collateral is provided.
• Collateral: Not required for loans up to ₹7.5 lakh.
• Eligibility: Wards of Armed Forces personnel and paramilitary staff.
• Repayment: Up to 15 years after moratorium.

Ideal for: Families of armed forces personnel seeking quality education for their children.

📌 Summary Table: SBI Education Loan Schemes

🏠 Takeover of Education Loans from Other Banks

Purpose:
To refinance or transfer your existing education loan from another bank/NBFC to SBI for better interest rates and terms.

Key Features:

• Loan Limit: As per original sanction.
• Conditions Apply: Repayment track record, existing terms, and other eligibility checks are required.
• Benefits: Potentially lower interest rate, extended repayment tenure, and better customer service.

📊 Student Reach: How Many Benefited?

📌 SBI disbursed 1,13,793 education loans in FY 2022–23 (Source: SBI Annual Report)
📌 Collateral-free loans under government-backed schemes are increasing rapidly
📌 SBI is also expanding presence across 45+ countries via correspondent banks

🌍 Supported Countries

Through the Global Ed-Vantage Scheme, SBI supports higher education in:

• 🇺🇸 USA
• 🇬🇧 UK
• 🇨🇦 Canada
• 🇦🇺 Australia
• 🇩🇪 Germany
• 🇳🇿 New Zealand
• 🇮🇪 Ireland
• 🇯🇵 Japan
• 🇸🇬 Singapore

🎁 Additional Features

✅ Conclusion

State Bank of India’s education loans offer a well-rounded financial solution for students planning to pursue higher education in India or abroad. From high-value international loans to vocational upskilling, SBI ensures flexibility, affordability, and transparency at every step.

🔗 Apply today at https://shikshavahini.com/apply-for-loan and take the first step toward your academic future—without financial stress!