SBI Student Loan


New Delhi, May 23, 2022

About SBI Student Loan:

SBI Student Loan is a term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured. This loan provides customized financing solution to the students – who are in-road to transform the future of India.

Courses covered:

  • For studies in India
  • Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc. Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc.
  • Teacher training/ Nursing courses approved by Central government or the State Government
  • Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority 
  • For studies abroad:
  • Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc. offered by reputed universities.
  • Courses conducted by CIMA (Chartered Institute of Management Accountants) – London, CPA (Certified Public Accountant) in USA, etc.

Features and Benefits:

  • Lower interest rates
  • Concession in interest for girl students 
  • No Collateral Security for loans upto Rs. 7.5 lakh
  • No processing charges for loans up to Rs. 20 lakh 
  • Repayment will commence one year after completion of course
  • Repayment period of up to 15 years after Course Period + 12 months of repayment holiday 
  • In case second loan is availed for higher studies, students after completion of second course, can repay the combined loan amount in 15 years 
  • No margin for loans up to Rs. 4 lakh

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Loan Amount:

Students can avail this loan of up to Rs. 50 lakh for studies in India and up to Rs. 1.50 crores for studying overseas 

Interest Rate:

  • Effective interest rate – 8.65% 
  • 0.50% concession in interest for girl students

Processing fee:

  • Loans up to Rs. 20 lacs – Nil
  • Loans above Rs.20 lakh – Rs.10,000 (plus taxes)


  • For loans up to Rs.7.5 lakh – None
  • For loans above Rs.7.5 lakh – Tangible collateral security

Expenses covered in SBI Student Loan:

  • Fees payable to college/school/hostel
  • Examination/Library/Laboratory fees
  • Purchase of Books/Equipment/Instruments/Uniforms, Purchase of computers- essential for completion of the course (maximum 20% of the total tuition fees payable for completion of the course)
  • Caution Deposit/Building Fund/Refundable Deposit (maximum 10% of tuition fees for the entire course)
  • Travel Expenses/Passage money for studies abroad
  • Cost of a Two-wheeler up to Rs. 50,000/-
  • Any other expenses required to complete the course like study tours, project work etc.

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Website link for documents required and further details – 

Visit EasyShiksha for Education related enquiry