SBI Loan for Abroad Studies: Eligibility & Interest Rate
Talk to Expert
State Bank of India offers education loan to study in India or abroad. Eligible students can apply for study loan offered by SBI. Always check rate of interest, repayment amount, and other details before applying for SBI education loan to study abroad.
How much Education Loan can I get from SBI for abroad studies? When it comes to studying outside of India, the major concern for students is financing. Borrowing an education loan for abroad studies from banks and NBFCs is the smartest way to arrange funds. Students can borrow any amount between INR 7.5 lakhs and INR 1.5 crore under the SBI education loan for abroad studies.
Keep in mind that SBI offers study loans for studying in India and abroad. This article is for students who want to study outside India. State Bank of India is one of the top education loan providers in India.
SBI education loan interest rate is 11.15%. There is a 0.50% concession in interest for girl students. The SBI education loan is famous for slightly lower interest rates and easy repayment methods. In this blog, we are going to discuss all the information about the State Bank of India education loans for studying abroad or in India.
- SBI Education Loan for Abroad Studies in 2026
- SBI Global Ed-Vantage Scheme Eligibility
- What is SBI Shaurya Education Loan Scheme?
- Documents Required for SBI Education Loan
- Expenses Covered by SBI Global Ed-Vantage Scheme
- SBI Education Loan Interest Rate 2026
- How Much Will My SBI Education Loan EMI Be?
- Case Study: Understanding Your SBI Education Loan for Abroad Studies
SBI Education Loan for Abroad Studies in 2026
The SBI Global Ed-Vantage scheme is a popular overseas education loan for Indian students. For the 2026 intake, it is among the top choices due to its high loan limits and competitive interest rates. You are eligible to apply for this if you are going to pursue full-time regular courses in countries like USA, UK, Canada, and Australia.
For education loan without collateral, you need to fulfill eligibility. Check out overveiw of SBI education loan for abroad studies.
| Key Highlights for SBI Global Ed-Vantage Scheme | |
|---|---|
| Purpose | Higher education abroad (UG, PG, Diploma, Doctorate) |
| Eligible Courses | Full-time, regular programs only |
| Eligible Countries | USA, UK, Canada, Australia, NZ, and 23 other countries |
| Loan Amount | INR 7.5 Lakh to INR 3.00 Crore (Higher amounts up to INR 3 Cr considered on case-to-case basis) |
| Collateral-Free Option | Up to INR 50 Lakh (For Selected Premier Institutions Only) |
| Collateral Requirement | Required for Loans Above INR 20 Lakh (Exempted for Select Institutes) |
| Interest Rate (as of April 2026) | Starts at 8.90% (With collateral). 0.50% concession in interest for girl students |
| Processing Fee | INR 10,000 + GST |
| Moratorium Period | Course duration + 6 months |
| Repayment Tenure | Up to 15 years (post-moratorium) |
| Disbursement Mode | Direct to institution |
| Co-applicant Requirement | Mandatory (parent/guardian/spouse/sibling) |
| Pre-visa Disbursement | Available |
SBI Global Ed-Vantage Scheme Eligibility
Before applying for the SBI Global Ed Vantage Education Loan, students must first check eligibility. Below is a list of conditions that candidates need to satisfy before applying for the SBI Education Loan:
- Nationality: Applicant must be an Indian citizen.
- Age: They must be at least 18 years old.
- Accepted Countries: Admission letter from a university in USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, or Europe.
You can check the details of eligibility criteria for education loan with one click.
What is SBI Shaurya Education Loan Scheme?
The SBI Shaurya Education Loan Scheme is a special financial plan. It is designed for the families of our nation's protectors. This scheme supports the children and spouses of Defense personnel, Indian Coast Guard, and Central Armed Police Forces (CAPF). It helps them pursue higher education without money problems. You can use this scheme for studies in India or as an SBI Education Loan For Abroad Studies.
The bank offers quick approval for these applicants. You can apply for this loan from your permanent home or your place of posting. It is a hassle-free process with special benefits.
SBI Shaurya Education Loan: Limits and Charges
The table below details the loan quantum, margin requirements, and processing fees applicable under this scheme.
| Loan Parameter | Scheme Details |
|---|---|
| Loan Amount (India) | Maximum INR 40 Lakhs |
| Loan Amount (Abroad) | Maximum INR 1.50 Crores |
| Repayment Tenure | Up to 15 Years (after moratorium) |
| Margin (Up to INR 4 Lakhs) | NIL (No margin required) |
| Margin (Above INR 4 Lakhs) | 5% |
| Processing Fee (Up to INR 20 Lakhs) | NIL |
| Processing Fee (Above INR 20 Lakhs) | INR 10,000 + Taxes |
Note on EMI Generation: The interest accrued during the course and moratorium period is added to the principal amount to calculate the EMI. However, if you service (pay) the full interest during the course period itself, your EMI will be calculated based on the principal amount only, reducing your future burden. Check out some tips to repay education loan faster.
Predict your IELTS, TOEFL, and PTE in just 4 steps!
Documents Required for SBI Education Loan
Applying for an SBI education loan to study abroad is straightforward. If you have your paperwork ready. SBI offers specialized schemes like Global Ed-Vantage for overseas studies. It provides loans up to INR 3 Crores. Having these documents organized ensures faster processing and early sanction before your visa interview.
Check out list of documents required for education loan.
| Section | Document Type | Details / Examples |
|---|---|---|
| Student Applicant | Proof of Identity | Passport (mandatory), Driver’s License, PAN, Voter ID |
| Proof of Address | Electricity/Water/Telephone/Piped Gas Bill, Passport, Driving License, Aadhaar Card | |
| Mandatory | Valid Passport | |
| Academic Records |
|
|
| Admission Proof | Offer/Admit Letter (conditional also acceptable) | |
| Course Expense Statement | Schedule of Expenses / Cost of Study | |
| Photographs | 2 Passport-size photos | |
| Existing Loan (if any) | Loan A/C statement for last 1 year | |
| Co-applicant | Proof of Identity | Passport, Driver’s License, Voter ID, PAN |
| Proof of Address | Electricity/Water/Telephone/Piped Gas Bill, Passport, Driving License, Aadhaar Card | |
| Photograph | 1 Passport-size photo | |
| Existing Loan (if any) | Loan A/C statement for last 1 year | |
| III. Income Proof (Salaried Co-applicant/ Guarantor) | Salary Proof | Latest 3 months’ Salary Slips or Certificate |
| IT Proof | IT Returns or Form 16 (last 2 years) acknowledged by IT Dept. | |
| Bank Statement | Salary Account - last 6 months | |
| IV. Income Proof (Self-employed Co-applicant/ Guarantor) | Business Proof | Business address proof (if applicable) |
| IT Proof | IT Returns (last 2 years) | |
| TDS Certificate | Form 16A (if applicable) | |
| Professional Certificate | Doctor/CA/Other Professional Qualification Certificate | |
| Bank Statement | Last 6 months |
Note: All documents should be self-attested.
Expenses Covered by SBI Global Ed-Vantage Scheme
If you get an SBI education loan, you might wonder what it pays for. The loan money covers many different costs to help you finish your studies.
Here is what the loan covers:
- Tuition Fee: This pays for your classes at college or school.
- Living Costs: It covers your stay in a hostel or dorm.
- Campus Fees: This includes money for the library, laboratory, and exams.
- Travel: It pays for your flight tickets and travel to study abroad.
- Equipment: You can buy books, uniforms, and tools, such as a computer.
- Project Work: It covers costs for study tours, thesis work, and projects.
- Deposits: It covers caution deposits or building funds if you have receipts.
Important Rules:
- Costs for books, equipment, and projects should not be more than 20% of your total tuition fees.
- Refundable deposits and building funds should not be more than 10% of your total tuition fees.
SBI Education Loan Interest Rate 2026
The interest rate of State Bank of India student loan totally depends on the repo rate decided by the Reserve Bank of India. The SBI Education Loan interest rate is what the student would be required to pay:
| SBI Global Ed-Vantage Scheme | |
|---|---|
| With Collateral (Above INR 7.50 lakh to INR 3.00 crore) | 8.90% |
| Takeover (above INR 10.00 lakh, with collateral) | 8.90% |
| 0.50% concession in interest for girl students | |
| For select institutions | |
| Without Collateral (Above INR 7.50 lakh to INR 50.00 Lakh) | 8.90% |
| With Collateral (Above INR 7.50 lakh to INR 3.00 crore) | 8.40% |
| Takeover (above INR 10.00 lakh) | 8.40% to 8.90% |
| No additional concession for girl students | |
You can also explore interest rate of education loan offered by other banks.
How Much Will My SBI Education Loan EMI Be?
Calculating your monthly EMI is a vital step in planning your study abroad journey. It helps you understand your future financial commitments before you even leave for your course. Your EMI depends on the loan amount, the floating interest rate, and the tenure you choose. Here are a few examples of scenarios to help you plan:
| Loan Amount | Interest Rate | Repayment Period | Approximate EMI |
|---|---|---|---|
| INR 10,00,000 | 11% | 7 years | INR 17,100 |
| INR 30,00,000 | 11% | 10 years | INR 41,330 |
| INR 50,00,000 | 11% | 15 years | INR 56,800 |
Case Study: Understanding Your SBI Education Loan for Abroad Studies
To help you understand how the SBI Global Ed-Vantage loan terms work in a real-world scenario, let's look at a practical example. We have calculated the EMI based on a highly competitive rate achievable with a strong credit profile.
The Profile:
- Student: Rahul Sharma (Male)
- Target University: California State University, USA
- Course: 2-year Master's program in Computer Science
- Loan Requirement: INR 50 Lakh
- Co-borrower Credit Score: 787 (Excellent - qualifies for risk premium concession)
| Loan Detail | Value/Term | Calculation & Impact |
|---|---|---|
| Loan Amount | INR 50,00,000 | Falls within the eligible limit (Min INR 7.5L to Max INR 1.5 Cr). |
| Interest Rate (Effective) | 9.10% | Base Rate adjusted for High CIBIL Score (787) + 'Rinn Raksha' Insurance Concession. |
| Moratorium Period | Course Duration + 6 months | 2 years (Course) + 6 months = 30 months, where no EMI is mandatory (Simple interest accumulates). |
| Repayment Tenure | 15 years | Maximum tenure allowed after the moratorium period ends. |
| EMI Calculation | INR 50,942 / month | Calculated on INR 50 Lakh principal at 9.10% interest for 15 years. |
Key Takeaways for Rahul:
- EMI Savings: By maintaining a high CIBIL score (787), Rahul reduced his effective interest rate to 9.10%, lowering his monthly obligation to approximately INR 50,942.
- Collateral Requirement: Even with a high credit score, the Global Ed-Vantage scheme requires Tangible Collateral (property/FD) for a 50 Lakh loan.
- Moratorium Interest: While he doesn't pay during the 2.5-year moratorium, simple interest of approx INR 11.3 Lakhs will accumulate and be added to the principal before EMI starts.
Commonly asked questions
Here are some key features of SBI global ed vantage loan scheme
- Online application process
- Attractive interest rate
- You can borrow between INR 7.5 Lacs to INR 1.50 Crores
- Repayment through EMI upto 15 years
- You can avail tax benefit, under section 80 (E).
SBI Education Loan interest rate is 11.15% for students who want to study abroad or in India. There is 0.50% concession in interest rate for girl students. This ROI type is floating and it can be changed with repo rate.
Education loans for MBA abroad typically cover tuition and admission fees. This includes cost of books, study materials, travel expenses like airfare, and living costs such as boarding and lodging. Bank may cover health insurance premiums. It depends on lenders.
Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum VitaeComments
(20)
3 years ago
R
2 years ago
R
4 years ago
Hello Athulya. This would entirely depend on the bank you are applying for the loan from. Hence, I would request you to approach multiple banks and decide on the one that suits your interests. you can also try out our education loan tool here: https://studyabroad.shiksha.com/apply-education-loan
m
4 years ago
R
4 years ago
K
4 years ago
R
4 years ago
Hello Kamalprret. Most banks provide education loans. You should just get in touch with a bank close to you to understand the loan application process. You can also make use of our Education loan tool: https://studyabroad.shiksha.com/apply-education-loan
B
4 years ago
R
4 years ago
Hello Bhumika. You are required to apply for an Education Loan if you want to use the money for studying. You can get in touch with a bank near you to understand the loan process. You can also use of our education loan tool, here: https://studyabroad.shiksha.com/apply-education-loan