SBI Education Loan

State Bank of India offers Education Loan for the eligible courses, graduation courses, professional courses and courses that are approved by UGC, Government of India AICTE etc.

 

State Bank Of India Education Loan Features:

  • For studies in India maximum loan amount allotted is Rs Rs 10 lakhs.
  • For studies in abroad maximum loan amount is Rs 30 lakhs.

 

SBI Education Loan Interest Rates:

 

Amount of Loan

Rate of Interest

For loans up to Rs 4 lakhs

13.50%

Loan from Rs 4 lakhs to rs 7.50 lakhs

13.75 %

Above Rs 7.50 lakhs

11.75 %

Apply For Education Loan

The Documents required are:

 

CATEGORY

MAIN APPLICANT (STUDENT)

 

 

 

KYC (KNOW YOUR CUSTOMER )

AGE PROOF

SIGNATURE PROOF

IDENTITY PROOF

RESIDENCE PROOF

 

 

INCOME DOCUMENTS OF CO-APPLICANT

 

SALARIED

 

Last 2 Salary Slips carrying date of joining details

Last 6 Months Bank Statement of the Salary Account.

 

 

 

 

SELF-EMPLOYED

Latest 2 Year ITR with Computation of Income

Latest 2 Years Audited Balance Sheet

Latest 6 Months Bank Statement

Evidence of Turnover (Last Sales / Service Tax Return)

 

 

 

SELF-EMPLOYED PROFESSIONALS

Last 2 Year Income Tax Return with Computation of Income

Last 2 Yrs Audited Balance Sheet / P& L

Latest 6 Months Bank Statement

Proof of Qualification

 

 

Repayment Tenure:

Study Place

Loan Amount

Repayment Period

In India

Rs 10 lakhs

5-7 years

In Abroad

Rs30 lakhs

5-7 years

 

 

Expenses covered under this loan:

  • Fees to be payable for school, college and hostel.
  • Examination / Library and Laboratory fees.
  • Purchase of Books, Equipments, Instruments and Uniforms.
  • Purchase of computers and laptops that are necessary for the completion of the course.

 

 

Leading Education Loan Providers (Click to Apply)
HDFC Bank Education Loan BOI Education Loan ICICI Bank Education Loan Other Banks

 


REMINDER SERVICES EMI CALCULATOR

EDUCATION LOAN INTEREST RATES

 

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