State Bank of India (SBI) is the largest education loan provider in India. Global Ed-vantage scheme of SBI offers loan of 20 lacs INR to 1.5 cr INR to study abroad.
This overseas education loan is primarily for those who wish to pursue a full-time regular course at a recognised foreign college or University.
Lower interest rate than any other bank in India offering study abroad loan- 9.75% to 11%
Avail loan of INR 20 lacs to 1.5 cr
Repayment through EMI upto 15 years.
Applicable for any discipline to pursue a regular Graduate, Post-graduate or Doctoral program.
USA, Australia, Europe, Canada, Singapore, UK, Japan, Hong Kong and New Zealand
Third party collateral security acceptable.
Study Abroad loan of SBI under the Global Edvantage scheme can be availed to cover all your expenses such as tuition fees, hostel fee / accommodation charges, travel expenses, and to purchase books, computer, instruments, etc.
Collateral: Unlike any other loan provider, SBI accepts third party collateral which means the collateral offered- House, Land, flat or FD, can be owned by your parents/siblings or any of your relative or family friend.
Interest rate and repayment: You can pay back this study abroad loan in a maximum of 15 years. Repayment will commence 6 months after completion of the course and a simple interest would be charged during your Course and Moratorium Period.
Apply for education loan to SBI