SBI Education Loan

The SBI Education Loan is a lending product from the State Bank of India to finance higher education in India and abroad. It provides loans with different limits (non-collateral and collateralised), specified interest rates, moratorium periods and repayment terms. The loan can cover a range of study-related expenses including tuition, travel, insurance, books and equipment. Multiple schemes are described for different applicants, including student loans, Shaurya scheme for certain service families, and takeover/top-up facilities.

Access to loan funding for tuition and related study expenses; defined moratorium period (course duration plus 6–12 months or plus 12 months depending on scheme); repayment tenor up to 15 years; interest-rate concessions for girl students and insured borrowers.

Eligibility varies by scheme; generally applicants must have confirmed admission to a university (including foreign universities) and meet co-applicant and collateral requirements specified by the bank. Specific schemes (e.g., Shaurya) restrict eligibility to children of certain service officers.

Apply through State Bank of India's education loan channels as per bank procedure (scheme-specific documentation and co-applicant requirements apply).