All you need to know about SBI Global Ed-Vantage overseas education loan

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About SBI Global Ed-Vantage

SBI Global Ed-Vantage is an overseas education loan exclusively for those who wish to pursue full time regular courses at foreign colleges and universities. With an upward trend of students preferring foreign education to accomplish their career goals, SBI extends a hand towards them for making this possible with a customized financing solution.

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Online Internship with Certification

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How EasyShiksha Internship/Training Program Works
How EasyShiksha Internship/Training Program Works

Courses covered under this loan scheme:

  • Regular Graduate Degree
  • Post-Graduate Degree
  • Diploma
  • Certificate / Doctorate Courses

Students can pursue these courses in any discipline from colleges/universities in US, UK, Australia, Canada, Europe, Japan, Singapore, Hong Kong, and New Zealand.

Loan amount:

Individuals can avail this loan of starting Rs. 7.50 lacs up to Rs. 1.50 crores

Interest Rate:

SBI provides an attractive interest rates of 8.65% with a special 0.50% concession for female applicants

Repayment

  • Repayment will commence 6 months after completion of course
  • Repayment upto maximum of 15 years

Expenses covered in the SBI Global Ed-Vantage scheme

  • Travel expense/passage money
  • Tuition fees
  • Examination/library/lab fees
  • Books/equipment/instruments/uniform/computers’ fees at reasonable cost
  • Cost of additional requirements like project work/thesis/study tours (not exceeding 20% of total tuition fees)
  • Other expenses like caution deposit/building fund/refundable deposit supported by institution bills/receipts (not exceeding 10% of total tuition fees)
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Features and Benefits:
  • Convenient and fast online application process through SBI’s website
  • Applicants can click on ‘Apply Now’, fill in the required details and submit the application process
  • Early loan approval: The loan will be sanctioned before the student’s I-20/visa
  • Tax exemption under Section 80(E) of the Income Tax Act
  • Fee payable to college/school/hostel
  • Margin: Margin to be brought in on year-on-year basis as and when disbursements are made on a pro-rata basis. Scholarship/assistantship to be included in margin
Documents required for the application process:
  • Mark sheet of class 10th and 12th, Graduation (if applicable) and Entrance Exam result
  • Admission letter/offer letter/id card from the university as proof of admission
  • Schedule of expenses for course
  • Copies of letter conferring scholarship, free-ship, etc.
  • Gap certificate, if applicable (self-declaration from student for gap in studies)
  • Passport size photographs of Student / Parent / Co-borrower / Guarantor (1 copy each)
  • Asset-Liability Statement of Co-applicant / Guarantor (Applicable for loans above Rs 7.50 lacs)
  • For Salaried People:

o   (a) Latest Salary Slip

o   (b) Form 16 OR latest IT Return (ITR V)

·         For other than Salaried People:

o   (a) Business address proof (if applicable)

o   (b) Latest IT Returns (if applicable)

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Frequently Asked Questions

Q. Are EasyShiksha's internships truly free?

Yes, all internships offered by EasyShiksha are completely free of charge.

Q. How can I apply for an internship with EasyShiksha?

You can apply by visiting our website, browsing available internships, and following the application instructions provided.

Q. What types of internships are available through EasyShiksha?

EasyShiksha offers a wide range of internships across technology, business, marketing, healthcare, and more. Opportunities are continuously updated.

Q. Will I receive a certificate upon completing an internship?

Yes, upon successful completion, you will receive a certificate recognizing your participation and achievements.

Q. Are EasyShiksha's internship certificates recognized by universities and employers?

Yes, the certificates are recognized by universities, colleges, and employers worldwide.

Q. Is the download of certificates free or paid?

Access to internships and courses is free, but there is a small fee to download certificates, covering administrative costs.

Q. When can I start the course?

You can choose any course and start immediately without delay.

Q. What are the course and session timings?

These are fully online courses. You can learn at any time and pace. We recommend following a routine, but it depends on your schedule.

Q. What will happen when my course is over?

After completion, you will have lifetime access to the course for future reference.

Q. Can I download the notes and study material?

Yes, you can access and download course materials and have lifetime access for future reference.

Q. What software/tools would be needed for the course?

All necessary software/tools will be shared during the training as needed.

Q. I’m unable to make a payment. What should I do?

Try using a different card or account. If the problem persists, email us at info@easyshiksha.com.

Q. Do I get the certificate in hard copy?

No, only a soft copy is provided, which can be downloaded and printed if required.

Q. The payment got deducted but shows “failed”. What to do?

Technical errors may cause this. The deducted amount will be returned to your account in 7-10 working days.

Q. Payment was successful but dashboard shows ‘Buy Now’?

Sometimes payment reflection is delayed. If it takes longer than 30 minutes, email info@easyshiksha.com with the payment screenshot.

Q. What is the refund policy?

If you face technical issues, you can request a refund. No refunds are issued once the certificate has been generated.

Q. Can I enroll in a single course?

Yes, select the course of interest, fill in the details, make payment, and start learning. You will also earn a certificate.

Q. My questions are not listed above. I need further help.

Contact us at info@easyshiksha.com for further assistance.

  • Bank Account Statement for the last six months of Parent / Guardian/ Guarantor
  • Copy of Sale Deed and other documents of title to property in respect of immovable property offered as collateral security / Photocopy of Liquid Security offered as collateral
  • Permanent Account Number (PAN) of Student / Parent / Co-borrower / Guarantor
  • AADHAAR (mandatory, if eligible under various interest subsidy schemes of GOI)
  • Passport
  • Submission of Officially Valid Document as proof of identity and address

o   Passport/Driving License/ Voter’s ID card

Security

  • An applicant can provide tangible collateral security
  • Collateral security offered by third party (other than parents) can also be accepted

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