The State Bank of India is an Indian multinational financial services company that was founded in 1921.

State Bank of India has an operational presence of over 14,000 branches in India serving millions of happy customers.

SBI Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution.

A separate loan scheme is offered for pursuing vocational education and training in India.

SBI Student Loan Scheme
Loan Amount Rate of Interest
For loans upto Rs.7.5 lacs 2% above MCLR, currently 11.10% p.a
Above Rs.7.50 lacs 1.70% above MCLR, currently 10.80% p.a

Amount of Education Loan:

A maximum of Rs.10 lakhs is offered for studies in India.
For studies abroad, a maximum of Rs.30 lakhs is offered as loan.

SBI Scholar Loan Scheme
Category of the educational institution Maximum Loan Limit
Without Security With Security
List AA Rs.30 Lakhs NA
List A Rs.20 lakhs Rs.30 lakhs
List B Rs.20 lakhs NA
List C Rs.7.5 lakhs Rs.30 lakhs

Interest Rates:

Loan Amount Rate of Interest
Up to Rs.4 lakhs 3.50% above base rate
Above Rs.4 lakhs and up to Rs.7.5 lakhs 3.75% above base rate
Above Rs.7.50 lakhs 1.75% above base rate