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SBI Education Loan
SBI Education Loan
The State Bank of India (SBI), established in 1955, is India's largest public sector bank, leading in assets, deposits, branches, customers, and employees. SBI provides education loans to eligible students aspiring to pursue higher education in India or abroad.The Global Ed-Vantage education loan scheme is designed for Indian students seeking higher education abroad. Key features include secured loans with a maximum amount of INR 1.5 Cr, requiring collateral of at least 90% of the loan value. This collateral can be provided by a third party other than parents.
Overview of Global Ed-Vantage Education Loan Scheme:
  • Loan Amount: INR 7.5 Lakh - INR 1.5 Cr
  • Interest Rate: 11.15% (Floating) with a 0.5% concession for female applicants
  • Processing Fees: INR 10,000 + GST (Non-refundable)
  • Margin Money: 15% for INR 7.5 Lakh - INR 20 Lakh, 10% for above INR 20 Lakh
  • Property Evaluation Charges: Approximately INR 7,500 (subject to change)
  • Moratorium Period: Course duration + 6 months
  • Repayment Tenure: 15 years
  • Documents Required
  • Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
  • Address proof: Recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ Driving License/ Aadhaar card.
  • Academic records:
  • 10th standard mark sheet
  • 12th standard mark sheet
  • Undergraduate result (semester-wise)
  • Entrance exam results (e.g., GMAT, GRE, TOEFL, etc.)
  • Proof of admission: Admission letter (A conditional admission letter is also applicable).
  • Statement of expenses.
  • Passport.
  • 2 passport-size photographs.
  • Loan A/C statement of one year (if applicable).
  • Bank account statement of the student (if applicable).
  • Co-Applicant's Documents:
  • Education loan application form.
  • Passport.
  • Past academic record.
  • 10th standard mark sheet.
  • 12th standard mark sheet.
  • Undergraduate result (semester-wise).
  • Entrance exam results (e.g., GMAT, GRE, TOEFL, etc.).
  • Proof of admission: Admission letter (A conditional admission letter is also applicable).
  • Statement of expenses.
  • 2 passport-size photographs.
  • Loan A/C statement of one year (if applicable).
  • Bank account statement of the co-applicant (if applicable).
  • Eligibility Criteria
  • Minimum 18 years at the time of application
  • Admission to a recognized university or institution
  • Consistently good academic record and meeting minimum criteria
  • Parent or legal guardian with a regular source of income and good credit history
  • Graduate/post-graduate courses abroad, covering USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, and Europe.
  • The eligible courses for this loan include Bachelors and Masters programs.
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    Engineering
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    How To Apply
    Certainly! Step-by-step application process:
    1. Visit Our Official Website.
    2. Read carefully all the information about the program details.
    3. Click on the "Register" to complete the registration with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in & Go to the official website of the bank offering education loans.
    6. Find the section related to education loans on the bank's website.
    7. Locate the online application form for education loans on the website.
    8. Fill out the online application form with accurate information.
    9. Scan and upload the required documents as per the specifications provided on the website.
    10. Review the information entered in the application form to ensure accuracy.
    11. Once you are satisfied with the information provided, submit the online application form.
    12. Upon successful submission, you may receive an acknowledgment or reference number for your application.
    Note: "As a free user,"
    →'You're encouraged to share this valuable information with your friends to access the link properly'.

    1,50,00,000

    SBI Education Loan
    SCHOLARSHIP PROVIDER
    State Bank Of India
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
    All
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    The State Bank of India (SBI), established in 1955, is India's largest public sector bank, leading in assets, deposits, branches, customers, and employees. SBI provides education loans to eligible students aspiring to pursue higher education in India or abroad.The Global Ed-Vantage education loan scheme is designed for Indian students seeking higher education abroad. Key features include secured loans with a maximum amount of INR 1.5 Cr, requiring collateral of at least 90% of the loan value. This collateral can be provided by a third party other than parents.
    Overview of Global Ed-Vantage Education Loan Scheme:
  • Loan Amount: INR 7.5 Lakh - INR 1.5 Cr
  • Interest Rate: 11.15% (Floating) with a 0.5% concession for female applicants
  • Processing Fees: INR 10,000 + GST (Non-refundable)
  • Margin Money: 15% for INR 7.5 Lakh - INR 20 Lakh, 10% for above INR 20 Lakh
  • Property Evaluation Charges: Approximately INR 7,500 (subject to change)
  • Moratorium Period: Course duration + 6 months
  • Repayment Tenure: 15 years