SBI Global Ed-vantage Scheme - Benefits, Scheme Details, & Process

    Updated on: 14 Nov 2023 7 min read

    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.

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    What are the benefits of taking a study loan under the SBI Global Ed-Vantage scheme via GyanDhan?

    • Branch Selection - All the branches of SBI have now started processing study abroad loans, but there are a few who are experts; We start the process at one of these expert branches. 
    • Limited Branch Visits - Usually students have to visit the branch 6-7 times during the loan process. We limit the branch visits to 1 only –for physical ID. 
    • Documentation, especially property docs – Most of the cases rejected by PSUs are because of the non-availability of property documents. GyanDhan works with the student, PSU, and property lawyers to ensure availability of those documents, and advise to work-around. If there is no way to get the document, we don’t start the process and try to arrange another property or explore financing from other lenders. 
    • Pre-Visa Disbursement - Though PSBs have the policy to disburse money pre-visa for a few countries, but branches usually don’t practice the same. GyanDhan ensures pre-visa disbursement, when required, by approaching the senior management.
    • Quicker Process - The average processing time at PSB is around 40 working days. We have reduced it to 12-15 working days by our technical & process integration.
    • Higher Chances of Approval - If any document is missing, property issues, or other issues, we approach the bank officials on the dot to find solutions. This warrants speedy resolution and considerably increases the chances of loan approval.

     

    State Bank of India is among the most reliable names when it comes to education loan lenders in India and its abroad education loan scheme is also one of the most economic abroad education loan options in India.

    The process is certainly complicated but GyanDhan has made it amazingly simple and hassle-free for you. Just Check Your Education Loan Eligibility and transfer all your education financing related worries to us!



Photo aman jain
Written by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions

0096084
Reviewed by Ankit Mehra

Ankit is the co-founder and CEO of GyanDhan. An IITK / IESE alum who previously worked at Capital One / Credit Suisse, his aim is to equalize and expand access to higher education. His interests include playing football (soccer), and basketball, trading/investing the limited money that he still has, and discussions on economics / politics.



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