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Eligibility

* Should be an India National
* Secured admission to professional/ technical courses through Entrance Test/ Selection process
* Secured admission to foreign university/ Institution

 

 
 
 Margin


Upto Rs.4 lacs: No margin

Above Rs.4 lacs
* Studies in India: 5%
* Studies Abroad: 15%

Interest

Lowest interest rates 
Loan Amount

Need based finance subject to the repaying capacity of the parents/ students with margin and the following ceilings.
* studies in India - Maximum Rs.7.50 lacs
* studies Abroad - Maximum Rs.15 lacs



 

Purpose
You can take a loan for pursuing studies in recognised schools/colleges/ institutions to meet:

  • Tuition and other fees
  • Maintenance costs, books & equipments,etc.
  • Cost of passage (for studies abroad)
  • Caution fund/building fund/refundable deposit



State Bank of India
State Bank of India provides its customers with a variety of personal banking services. SBI, which is actively engaged in Community Services Banking, also offers education loans to students aspiring to continue higher studies. SBI Study Loans are sanctioned only to Indian Nationals. A study loan is sanctioned for studies both in India and abroad.