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Know all scheme details, benefits, and the process of SBI Global Ed-vantage Scheme. Understand the features and details of the SBI education loan.
Studying abroad is undoubtedly one of the best ways to skyrocket your career to the next level. With the rise in the number of students applying for abroad studies and the increase in inflation, overseas education has become an exorbitant affair and almost impossible for those without a robust financial background.
Education loans become a boon in such a case and in India, public sector banks are still the most reliable and cost-effective lenders to avail of an education loan. Arguably the most popular and preferred nationalized bank offering abroad education loans to Indian students is the State Bank of India.
Check Your Education Loan Eligibility
The country’s leading nationalized lender, SBI offers 5 different types of education loans:
Among these, Global Ed-Vantage and Student Loan are for study abroad, aspirants. For the loans above INR 20 Lakh (which is required in most cases), students have to apply under the SBI Global Ed-Vantage scheme.
Getting an SBI study abroad loan can be a complicated and tiresome task as it is the case with almost all government banks, the smart way to make it easier is Checking Your Loan Eligibility with GyanDhan.
Let's traverse through the major features, benefits, and process of the SBI Global Ed-Vantage scheme:
In the SBI Global Ed-Vantage scheme, students can take INR 20 Lakh to INR 1.5 Crores as a student loan.
The rate of interest in SBI Global Ed-Vantage scheme is:
Following are the processing charges under the SBI Global Ed-Vantage scheme:
The maximum loan tenure of study loans under the SBI Global Ed-Vantage scheme is of 15 years.
The repayment period for students loans under the SBI Global Ed-Vantage Scheme is Course duration + 6 months.
Calculate your Education Loan EMI
The documents required vary on the basis of several factors, such as the student's academic and professional history, co-applicant’s financial and credit profile, and the nature and location of the property or asset offered as collateral. In general, the following documents are needed:
From Applicant -
From Co-applicant -
Step:1- Apply Online:
Step: 2- Free Doorstep Document Collection:
Step: 3- Processing and Approval:
Get the Funds you need to Study Abroad
Check Your Education Loan Eligibility
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