GyanDhan Brings SBI Education Loans To Your Doorstep With Their New Service

    Updated on: 27 Sep 2022


    Rita sighed in exasperation when the SBI Bank Manager looked over her sbi documents for an education loan and said, "Madamji, You need the original document for this (inaudible muttering) and then you need to fill the form again." It was her third trip to the SBI and despite her charm and confidence, she still hadn't been able to even submit her application for a secured education loan from SBI.

    Get SBI Education Loan From The Comfort Of Your Home with GyanDhan.

    Fill this form and get in touch with an expert

    She knew that she could easily have gotten the loan in her hands if she had gone for an unsecured loan from any NBFC in just 3 days. She was persisting with a secured loan or a loan with collateral from SBI because:

    1. The interest rates were quite low compared to other banks and NBFC's
    2. She wouldn't have to pay anything in the moratorium period and hence, she would be able to focus on studies instead of worrying about doing numerous part-time jobs to meet the monthly loan EMI.
    3. In the long run, her secured loan from SBI would prove to be quite economical compared to other easy options.

    "What a pain. How can this process become student-friendly and easier?" she mused.  

    How Can GyanDhan Help you With its Doorstep Pickup Service?

    Yes, it is indeed true that Nationalised Banks offer lucrative terms for their education loans, but the whole journey is littered with road-blocks. Well, we’ve taken a big stride to resolve this monstrosity of a problem by providing Doorstep Pickup of Documents for Secured SBI Education Loans in 6 cities – Delhi, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai. We are the only company authorized to do this, and as always – this is 100% free for students.

    How GyanDhan’s Doorstep Pickup Service Works?

    1. Application Submission: Your documents will be picked up from your home, then verified and submitted to the SBI (State of India) branch
    2. Missing Documents: If a document is missing, we will visit you again to pick up the needed documents and submit them in the bank.
    3. A discrepancy in Documents: If there is any discrepancy in the documents then we will coordinate with the bank and get it sorted out as well. 
    4. Coordination with Lawyer: We will also coordinate with the lawyer and fast-track the process of discerning the legality of the property
    5. Coordination with Valuer: Similarly, we will also work closely with the valuer to hasten property valuation
    6. Only One Branch Visit: The applicant will only need to visit the branch only once so that the bank can verify copies against original docs.
    7. Coordination with Sanctioning Authority: We’ll also work with the relevant officer to get your loan sanctioned quickly.

    What are the Added Benefits of our Pickup Service?

    1. Fast-Track: With a partnership at all cogs of the wheel at SBI (State Bank of India), we help to fast-track the whole loan process in the most definite way.
    2. Save effort: No need to visit branch numerous times, no need to run after sanctioning authorities and beseeching them to sanction the loan, and there is absolutely no need to stress and worry whether all your documents are in order or you need to add some more! Leave all the worries and the stresses for us. You save your effort and get the loan in the most effortless, uncomplicated and relaxed way. 
    3. Economical: As it is a secured loan, so the interest rates are radically low plus the applicant does not have to pay anything during the moratorium period, which in turn leads to substantial savings in the long run. And to think that you almost withdrew from a secured loan from SBI because it was tedious and cumbersome? Well, not anymore!
    4. Zero Cost: GyanDhan does not charge any kind of fee for this service. And isn't that a happy thought?

    In all, we will bring the SBI (State Bank of India) Branch to your doorstep so that you can get your secured education loan in the easiest, hassle-free, and seamless way possible.

    What are the SBI Education Loan Options for Studying Abroad?

    Now that the process of applying for education loans is simplified for you by GyanDhan, how about taking the plunge and applying for education from SBI to make your dream come true? Let’s have a look at the education loans available at SBI. SBI offers two education loans for studying abroad - Global Ed-vantage and Student Loan. The salient features of both these loans are listed below:

    Features
    Global Ed-vantage
    Student Loan
    Maximum loan amount INR 20 lakh - INR 1.5 crore Unsecured - Up to INR 7.5 lakh
    Secured - Up to INR 20 lakh
    Rate of Interest 10.05%; 0.5% concession for girls and 0.5 % extra concession for those with SBI Rinn Raksha insurance Policy Up to INR 7.5 lakh: 10.05%
    Above INR 7.5 lakh: 10.05%
    0.50% concession for girls
    Processing Fees ₹ 10,000 + GST NIL
    Repayment Tenure
    Maximum 15 years
    Moratorium Period (Repayment Holiday) Course period plus 6 months 12 months post course completion
    Margin 10% Up to INR 4 lakh: NIL
    Above INR 4 lakh: 15%
    Expenses covered
    Exam/laboratory/library fees, tuition fees, living expenses, travel (round-trip), study material/miscellaneous expenses related to studying, and premium of ‘RiNn Raksha’ insurance
    Disbursal norms Tuition fee is directly disbursed to the college and pre-visa disbursal is possible too. Living expenses can either be transferred to the foreign bank account or loaded onto a prepaid card.
    Eligible countries UK, USA, Australia, Europe, Canada, Japan, Singapore, Hong Kong, New Zealand
    Eligible degrees Regular Graduate/ PG/ Doctorate courses in any discipline Professional/ Technical Graduation, Degree courses/ Post Graduation, Degree and Diploma courses offered by reputed universities; Courses conducted by CIMA, CPA

     

    You can get in touch with GyanDhan for any of these loans. When you apply for an education loan through us, not only do you enjoy higher chances of loan approval but are also entitled to flexible repayment conditions and a lower rate of interest. We have helped thousands of students get an SBI loan. Here is what they have to say: 

    “I took my education loan from SBI, and everyone who is reading this is aware of the fact that it usually takes a lot of time and patience to get loan approval from Public Sector/Nationalized banks.I got mine approved in 20 working days through GyanDhan. I came to know about GyanDhan from one of their interns. After signing up with them, the whole loan process got simpler. They called me regularly and kept me updated with the process. If there was any delay in the bank process, they even took the issue to the DGM. I never really had to visit the bank, everything was communicated, and updated to me on the call. I would like to personally thank Vibhav, Kavita, and the whole GyanDhan team. You guys are awesome. Keep up the good work.”

    Darshan, Arizona State University

    Get an SBI Education Loan with GyanDhan here and give wings to your dreams of studying abroad. 
     

    First published date:


GyanDhan is India's first education financing marketplace.

Upcoming Events

Education Loans Without Collateral & Cosigner

  Fri, December 23, 2022    18:00 IST

Education Loans Without Collateral & Cosigner

  Fri, December 23, 2022    18:00 IST




Looking For Help in Foreign Education Loan? Arrange a Call From an Expert:

Enter Mobile no. Without Any Prefix.
By entering my phone number here, I hereby authorize GyanDhan to contact me through call, message or WhatsApp. It will override my registry on the NCPR/NDNC