State Bank Of India Education Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution

Expenses Considered for SBI Education Loan:

Tuition and course fee
Examination, library and laboratory fees
Caution deposit
Cost of books, equipment and other instruments.

Amount of Education Loan:

SBI Student Loan Scheme
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


Ra.20 lakhs


Rs.30 lakhs

List B


Rs.20 lakhs


NA

List C


Rs.7.5 lakhs


Rs.30 lakhs

Loan Scheme for Vocational Education and Training
For courses of period up to 6 months, loans up to Rs. 50,000 are provided. A maximum of Rs.1 lakh is provided as loan for courses of duration above 6 months.

Interest Rates:

SBI Student Loan Scheme

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

Type of Institution


Interest Rate per annum

List AA


25 bps above base rate (10.10% at present)

List A


25 bps above base rate (10.10% at present)

List B


For unsecured loan up to Rs.20 lakhs, 50 bps above base rate (10.35% at present)

List C


175 bps above base rate (11.60% at present)

Processing Fee:

No processing fee is charged for SBI education loans.

Repayment Tenure:

SBI Student Loans

Maximum Loan Amount


Repayment Period

Up to Rs.4 lakhs


Up to 10 years

Above Rs.4 lakhs to up to Rs.7.5 lakhs


Up to 10 years

Above Rs.7.5 lakhs


Up to 12 years

State Bank Of India Education Loan application form