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State Bank of India

State Bank of India Education Loan

  • 100% Collateral-free Funding
  • Competitive & Fixed Interest Rates
  • Minimal Documentation
  • Hassle-free Process

Free Education Loan Assistance from Top Education Loan Lenders in India.

Interest Rate Starting From 7.50%

Loan Amount Upto 1.5 Crore

Process Fees 10,000 + Gst

How SBI Bank Abroad Education Loan Works

Simple 6 Step Process to obtain an Education Loan

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Loan Purpose

To help Indian students cover costs for undergraduate, postgraduate, diploma, or PhD courses abroad.

Loan Amount

Up to Rs. 3 crore (based on scheme and security).

Repayment Tenure

Up to 15 years, including the moratorium.

Moratorium Period

Course duration + 6 months.

Coverage

Tuition, living, travel, laptop, study tours, exam/lab/library fees, insurance.

Collateral

Required for loan amounts higher than Rs. 50 Lakh. Some schemes offer loans without security.

State Bank of India Education Loan for Abroad Studies

At Spoctree, we simplify your study abroad journey by helping you access State Bank of India education loans tailored for international studies. With up to ₹40 L collateral-free, fixed interest rates starting at 7.50% p.a., zero processing fees, and minimal documentation, we ensure your dreams aren’t held back by finances. Through Spoctree, you can compare lenders, understand eligibility, explore key benefits, and apply with complete guidance—quickly and hassle-free.

Features of Getting an Unsecured SBI Bank Abroad Education Loan

  • No collateral required for loans up to Rs. 50 lakh.
  • Parents or guardians must be a co-applicant.
  • Loans available for courses in the USA, UK, Canada, Australia, Europe, and more.
  • Flexible repayment options after completion of the course.

Benefits of Getting SBI Bank Abroad Education Loan

  • Trusted brand: State Bank of India is one of India’s oldest and most reliable banks.
  • Low interest rates: Starting from 7.50% for select premier institutes.
  • Zero prepayment charges: Pay early with no extra cost.
  • No hidden fees: Transparent charges and terms.
  • Tax benefits: Under Section 80E for interest paid.
  • Loan top-up option: If you plan to continue studies after the current course.

Eligibility for Unsecured SBI Bank Abroad Education Loan

  • Must be an Indian citizen (NRIs are also eligible).
  • Should have secured admission to a recognised foreign university.
  • The course should be full-time (UG/PG/PhD/diploma).
  • Co-borrower (parent/guardian/spouse) is required.
  • A strong academic background improves chances.

Interest Rate of SBI Bank Education Loan for Studies in India and Abroad

Loan type Quantum Collateral coverage ROI
Special Education Loan Scheme for Abroad Study Category ‘A’ UPTO Rs.40.00 lakh without collateral EBLR+0.50%
UPTO Rs.150.00 Lakh 50% up to <100% collateral EBLR+0.25%
100% and above collateral EBLR
Special Education Loan Scheme for Abroad Study Category ‘B’ UPTO Rs.30.00 lakh without collateral EBLR+0.75%
UPTO Rs.150.00 Lakh 50% up to <100% collateral EBLR+0.50%
100% and above collateral EBLR

EMI Payment Methods for SBI Bank Abroad Education Loan

  • Standing Instruction (SI): EMI auto-debited from your SBI account.
  • Electronic Clearing Service (ECS): EMI deducted from a non-SBI account.
  • Post-Dated Cheques (PDCs): Cheques submitted in advance from another bank.
  • Tip: SI or ECS are safer and easier than using PDCs, especially for long-term repayment.

How to Apply for an SBI Bank Abroad Education Loan?

  • Online Process:
    • Visit SBI’s official website.
    • Select your preferred Education Loan scheme.
    • Click "Apply Now" to go to the Vidya Lakshmi portal.
    • Register and fill the form.
    • A bank official will contact you shortly.
  • Offline Process:
    • Visit the nearest SBI branch.
    • Collect and fill out the Education Loan form.
    • Submit all required documents.
    • The loan will be processed in 15 working days post verification.
You can also use Spoctree to compare SBI with other lenders, check your eligibility instantly, for an education loan for study abroad and get help from local advisors to make the process faster and smoother.
Apply Now

Frequently Asked Question

Yes, for most schemes up to Rs. 7.5 lakh, there is no processing fee. However, for loans above Rs. 20 lakh under some schemes like Global Ed-Vantage, the fee is Rs. 10,000 plus taxes.
Yes, SBI Education Loan interest rates vary by scheme and institution type. They typically range from 7.15% to 11.15% per annum, with concessions for girl students.
SBI provides Education Loans of up to Rs. 3 crore.
A good CIBIL score for the co-applicant improves your chances of approval. For secured loans, the property value and profile are more important than just the score.
Indian citizens (including NRIs) who have secured admission to recognised institutions in India or abroad are eligible. A co-applicant (parent/guardian/spouse) is required.