SBI Education Loan 2025: State Bank of India (SBI) offers a range of education loan options to suit the needs of students across various academic streams. From general student loans to special schemes for studying abroad and skill development, SBI continues to support dreams with flexible terms, attractive interest rates and minimal processing fees.
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Why Choose SBI for Education Loans?
SBI is among the most trusted names in India’s banking sector. With dedicated education loan products, it provides students with financial coverage for tuition, hostel fees, books, travel, and even laptops. What makes SBI education loans more appealing is:
- Competitive interest rates starting from 7.55% per annum
- No prepayment penalties
- Interest concessions for female students
- Top-up loans for further studies
- Repayment periods up to 15 years
- Application processing through Vidya Lakshmi Portal
SBI Student Loan Scheme
This is a general-purpose education loan scheme for students pursuing academic or professional courses in India or abroad.
Key Features:
- Loan amount: Up to ₹7.5 lakh without collateral, and higher amounts with collateral.
- Interest Rate:
- ₹7.5 lakh or less: 10.65% p.a.
- Above ₹7.5 lakh: 9.65% p.a.
- Concession: 0.50% for girl students
- Repayment: Course duration + 1-year moratorium; up to 15 years tenure
Eligibility:
- Indian nationals with confirmed admission
- Courses: UG, PG, Diploma, CA, CFA, MBA, MS, etc.
SBI Scholar Loan Scheme
SBI OFFERS PAID INTERNSHIP FOR YOUTH 2025
Designed for students who secure admission into premier institutions in India such as IITs, IIMs, NITs, and other government-recognized top-tier colleges.
Highlights:
- Interest Rate: 7.65% to 9.15% p.a.
- Loan amount:
- Up to ₹40 lakh (depending on institution)
- Security not required for select lists
- Processing Fee: NIL
- Moratorium: Course duration + 1 year
- Repayment: Up to 15 years
Eligible Institutions:
SBI maintains an institution-wise list (List AA, A, B, and C) which determines eligibility and loan limits.
SBI Skill Loan Scheme
This loan is ideal for students looking to pursue vocational and skill-based courses, as per the National Skill Qualification Framework (NSQF).
Key Details:
- Loan Range: ₹5,000 to ₹7.5 lakh
- Interest Rate: 10.15% p.a.
- No processing fee or margin money
- Security: None required; co-borrower mandatory
- Repayment Tenure:
- Up to ₹50,000: 3 years
- ₹50,001–₹1 lakh: 5 years
- Above ₹1 lakh: 7 years
SBI Global Ed-Vantage Scheme
Aimed at students pursuing full-time courses overseas, this loan supports higher loan amounts and longer repayment schedules.
Loan Overview:
- Loan Amount: ₹7.5 lakh to ₹3 crore
- Interest Rate:
- Without security: 9.65% p.a.
- With security: As low as 9.15% p.a.
- Girl student concession: 0.50%
- Collateral: Mandatory above ₹7.5 lakh
- Margin: 10%–15%
- Repayment: Up to 15 years, with moratorium
Eligible Countries:
USA, UK, Canada, Australia, Germany, Singapore, Japan, and more.
SBI Takeover Education Loan Scheme
This scheme allows students to transfer high-interest education loans from other banks or NBFCs to SBI at a lower rate.
Benefits:
- Loan amount: ₹10 lakh to ₹3 crore
- Interest Rate: 9.65% p.a. with potential concessions
- Top-up Loan: Available for additional studies
- Zero Processing Charges
- Flexible Repayment: Up to 15 years
Shaurya Education Loan
Specially designed for wards and spouses of Defence Personnel, Indian Coast Guard, and CAPF personnel.
Scheme Snapshot:
- Loan Amount: Up to ₹40 lakh without security; higher with collateral
- Interest Rate:
- Up to ₹7.5 lakh: 10.65% p.a.
- ₹7.5 lakh–₹40 lakh: 10.15% p.a.
- With collateral: 9.65% p.a.
- Girl student benefit: 0.50% interest concession
- Flexible repayment terms similar to other schemes
General Loan Terms Across SBI Schemes
| Feature | Details |
|---|---|
| Processing Time | Max. 15 working days post document submission |
| Disbursement | Directly to institutions in installments |
| Security | Varies by amount and scheme |
| Collateral | Required above ₹7.5 lakh (except some Scholar List institutions) |
| Penalty | 2% p.m. on overdue loans above ₹4 lakh |
| Top-Up Option | Available during moratorium for further studies |
| Insurance (Optional) | ‘Rinn Raksha’ policy can be availed |
How to Apply for SBI Education Loan?
Students can apply through either of the following:
✅ Vidya Lakshmi Portal
- A government platform for education loan applications
- Single-window access to various banks
✅ SBI Branch Visit
- Visit your nearest SBI branch with required documents
- Speak to the education loan officer
✅ Online via SBI Portal
- Fill out and submit the application online
- Track your loan application status
Documents Required for Application
- Admission letter from the institution
- Academic records (10th, 12th, graduation)
- Income proof of co-applicant/guardian
- Address and ID proof
- Cost estimate of the course
- Passport/visa (for international studies)
- Collateral documents (if applicable)
Education Loan EMI Calculator
Before applying, students and parents can use the SBI Education Loan EMI Calculator to estimate monthly payments. The EMI depends on:
- Loan amount
- Tenure
- Interest rate
- Repayment start time
Using the calculator helps plan finances better and avoid future burdens.
Conclusion: Now students will be able to take education loan from SBI bank for any course or degree. There are many schemes for this and all the banks give loan to students on interest. Now students going to Abu Road to study will also be given loan. In this article, all the loan schemes which have been launched by all the banks have been explained in detail.
SBI All Education Loan Apply Links
| Loan Scheme | Apply Link |
|---|---|
| SBI Student Loan Scheme | Apply Here |
| SBI Global Ed-Vantage Scheme | Apply Here |
| SBI Scholar Loan Scheme | Apply Here |
| SBI Skill Loan Scheme | Apply Here |
| Vidya Lakshmi Portal | Apply Here |
FAQs
What is the EMI for a 10 lakhs education loan?
Approx. ₹11,000–₹12,000 per month for a 10-year tenure at ~9–10% interest rate (after moratorium).
Can I apply for an education loan online?
Yes, you can apply online via the SBI website or Vidya Lakshmi Portal.
Can I get a 3 lakh education loan?
Yes, SBI offers loans starting from ₹50,000 up to ₹7.5 lakh without collateral.
क्या मुझे 3 लाख का एजुकेशन लोन मिल सकता है?
हां, एसबीआई से ₹3 लाख तक का एजुकेशन लोन आसानी से मिल सकता है, बिना गारंटी के भी।
एसबीआई एजुकेशन लोन की लिमिट क्या है?
₹7.5 लाख तक बिना सिक्योरिटी और ₹1.5 करोड़ तक सिक्योरिटी के साथ लोन मिलता है।
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