SBI Overseas Education Loan with Low Interest rate

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

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