How to Get an Education Loan from SBI?

 The State Bank of India Student Loan Scheme allows the students to get education loan in India for study abroad dreams. These loans are extended to those students who wish to pursue higher education in overseas destinations, but have no finances. SBI education loan can help you disburse your financial problem for several years. Prospective students seeking higher education in international destinations can avail these loans and aspire for a bright career ahead.

Maximum SBI education loanfor overseas destinations is ₹ 20.00 Lakh. The SBI education loan can be applied under its Global Ed-Vantage Scheme. You can get an education loan in India to study abroad through SBI from online or offline sources. This blog will give you a walk through the entire process and everything you need to know about getting an education loan from SBI.

Offline

 State Bank Of India is the largest public sector bank in India with branches spread in almost all locations. Even the remotest villages in the faraway locations have SBI branches. This makes it easier for anyone to approach the bank and seek information. If you wish to go through the offline process, you can walk in your nearest SBI branch with all documents or seek information beforehand. You will be asked to fill in your application and submit the same. The application form can be obtained from the branch itself.

Online

One can also get SBI education loan through online source from SBI official website. Here is a step-by-step guide to get education loan in India for study abroad from SBI.

·         Visit the official website

·         Go to the Education Loan section on the website

·         Click “Apply Now” button under loan which you wish to choose

·         Another page will open and you will be redirected there

·         Enter your contact details in this new page

·         SBI bank representative will get in contact with you after this

SBI Scholar Loans

These are the kinds of SBI education loans which are available in mapped branches and certain campuses.

Approach Eduloans

Eduloans is a one stop solution for all your education loan in India for study abroad plans. We act as a bridge between you and the bank. We will complete the entire documentation process and help you get an education loan from SBI with ease in simple steps. You can get in touch with our experts and leave the entire process to us.

SBI Education Loan Documents Required

In order to avail education loan from SBI, you need following documents.

For the student/applicant	For co-applicant
Identity proof	Identity proof
Proof of address or residence	Proof of address or residence
Loan account statement of the previous 1 year	Loan account statement of the previous 1 year
Passport size photographs	Passport size photographs
Academic records	-
Proof of admission	-

 

All these documents by applicant and co-applicant need to be self-attested.

Apart from these, there are also subsidy schemes on education loan in India for study abroad for certain category of students. These schemes are as follows-

·         Dr. Ambedkar Central Sector Scheme for Other Backward Castes (OBCs) and Economically Backward Castes (EBCs)

·         PadhoPardeshfor minority students

·         Central Scheme for Interest Subsidy for Economically Weaker Sections

For further details and information and complete SBI education loans process, you can get in touch with Eduloans. Eduloans is a digital Partner for SBI and can look to get you the best deal possible.