State Bank of India (SBI) offers education loans with attractive interest rates, designed to make quality education accessible to students across India. Whether you’re studying in India or abroad, SBI provides financing solutions with flexible terms and comprehensive coverage.
Key Features of SBI Education Loan
Competitive Interest Rates: Affordable rates with options for interest rate concessions.
Coverage for All Expenses: Includes tuition fees, exam fees, travel, and accommodation.
Flexible Repayment Options: Grace period during the course and a moratorium after completion.
High Loan Amounts: Financing available up to ₹1.5 crore for international studies.
Current Interest Rates
SBI’s education loan interest rates start as low as 8.50% per annum, with special concessions for female students and those admitted to premier institutions. Rates may vary based on the loan amount and tenure.
Eligibility Criteria
Indian citizenship.
Admission to recognized institutions in India or abroad.
Valid course approval and detailed expense structure.
Documents Required
Identity and Address Proof (Aadhaar, Passport, etc.).
Admission Letter and Fee Structure.
Co-Applicant’s Income Proof (salary slips, IT returns).
Academic Records (previous qualifications).
How to Apply
Visit the nearest SBI branch or apply through their online portal.
Submit required documents and complete the application process.
Await loan sanction and disbursement.
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