Here I am providing information related to Education Loan of State Bank of India (SBI) for your reference:

SBI Education Loan Scheme

Eligibility:
Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Courses Covered:
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/ concerned regulatory authority

Studies abroad:
Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities
Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.

Expenses Covered
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
Caution Deposit/Building Fund/Refundable Deposit
Travel Expenses/Passage money for studies abroad
Cost of a Two-wheeler upto Rs. 50,000/-

Loan Amount:
For studies in India - maximum Rs. 10 lacs
Studies abroad - maximum Rs. 20 lacs

Security:
Particular Security
Upto Rs. 7.5 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security
or third party guarantee
Above Rs. 7.5 Lacs: Parent/ Guardian as co-borrower and tangible collateral
security

Margin:
Upto Rs.4 Lacs: Nil
Above Rs. 4 Lacs : 5% for studies in India, 15% for studies abroad

Repayment:
Repayment will commence one year after completion of course.
Loan to be repaid in 15 years after the commencement of repayment

Documents Required
Letter of admission
Completely filled in Loan Application Form
Statement of cost of study
Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity)
Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)
IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ other co-borrower (if IT Payee)
Brief statement of assets & liabilities of Parent/ Guardian/ other co-borrower
2 passport size photographs
Student/Co-borrower/ guarantor's bank account statement for last 6 months
AADHAR Card of the student and Parent/ Guardian
PAN Card of the student and Parent/ Guardian
Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ other co-borrower

Here I am providing instructions to apply online for Education Loan of SBI Bank for your reference:

Firstly go on homepage of official website of State Bank of India.

There will be a link named ‘Personal Banking’ situated in left top side of homepage.

You have to click on it and get a list of some options.

Click on ‘Apply Online’ link and reach on this new page:



You will see link named ‘Scholar Loan’ situated in middle top of homepage.

You have to click on it and reach on a new page that looks like following image:



Fill required information and start process to apply online for Education Loan.