As you want to get the information about Education Loan in State Bank of
India (SBI) so here I am providing you that:

Eligible Courses

a. Studies in India:

Graduation, Post-graduation including regular technical and professional
Degree/Diploma courses conducted by colleges/universities approved by
UGC/ AICTE/IMC/Govt. etc

Regular Degree/ Diploma Courses conducted by autonomous institutions like
IIT, IIM etc

Teacher training/ Nursing courses approved by Central government or the
State Government

Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping
etc. approved by Director General of Civil Aviation/Shipping

Vocational Training and Skill Development Study Courses will not be covered
under the regular

b. Studies abroad:
Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities

Expenses considered for loan
-Fees payable to college/school/hostel
-Examination/Library/Laboratory fees
-Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course)
-Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tuition fees for the entire course)
-Travel Expenses/Passage money for studies abroad
-Cost of a Two-wheeler upto Rs. 50,000/-

Amount of Loan
-For studies in India, maximum Rs. 10 lacs
-Studies abroad, maximum Rs. 30 lacs

Interest Rates
For loans upto Rs.4 lacs: 3.50% above Base Rate, currently 13.20% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs: 3.75% above Base Rate, currently 13.45% p.a.
Above Rs.7.50 lacs: 1.75% above Base Rate, currently 11.45% p.a.

Processing Fees
-No processing fee/ upfront charges
-Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money

Repayment Tenure
Studies in India
Rs. 10.0 lacs: 5-7 Years

Studies Abroad
Rs. 30.0 lacs: 5-7 Years

Documentation Required
Completed Education Loan Application Form
Mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Schedule of expenses for the specified course
2 passport size photographs
PAN Card of the student and the Parent/ Guardian
Borrower's Bank account statement for the last six months
Income tax Returns/ IT assessment order, of last 2 yrs
Brief statement of assets and liabilities, of the Co-borrower
Proof of Income (i.e. Salary slips/ Form 16)