State Bank of India (SBI) Education Loan

An SBI education loan for abroad studies is offered through several schemes to enable students to access higher education in foreign countries. The SBI abroad education loan interest rate is low to make abroad education affordable to students. The most popular SBI education Loans are given below in detail: Also Read: SBI Education Loan Without Collateral: Get Up to 50 Lakhs

Meeting the eligibility criteria is the basic requirement to avail any loan. The basic eligibility requirement is given below in detail. Age Requirements: Primary applicant: Minimum 18 years at the time of application Co-applicant: Not beyond 65 years Citizenship: Student: Must be Indian citizens with valid documents Co-applicant: Must be Indian(can consider special cases based on certain conditions mentioned by the bank) Academic Eligibility Requirement: The Basic Requirement: Must have secured admission from a recognised university Academic performance: Consistent good records with an average of 60% Entrance Exams: Must provide test scores of GRE, GMAT, etc. If required. Standardized Test Score Requirement Test Minimum Score Preferred Score IELTS 6.0 6.5 + TOEFL 80 90+ GRE 310 320+ GMAT 620 700+ SAT 1200 1350 + Co-applicant Requirement: Stable income source: Salary, business income, pension, etc Credit History: CIBIL Score Minimum 700 Income Range: Varies from case to case, but a minimum of ₹ 4 lakhs in income is required. Acceptable co-applicants: Parents Spouse Siblings Parents-in-law A proper documentation to prove all these relationships. Course and University acceptance: Undergraduate Postgraduate - Masters in all disciplines Professional courses - MBA, MBBS, MS, medical, etc. Doctoral programs Certified programs Pilot Training Geographical Coverage SBI provides education loans to study in c

The State Bank of India has a long list of documents required to process its SBI study abroad loans .

State Bank of India provides an education loan EMI calculator on its website to assist students in the calculation of their EMI, towards their education loan repayment. But, we suggest you use the Subraxo education loan EMI calculator, as it is specially designed and offers the following advantages to students: Detailed Analysis - Repayment process analysis is also given to you, through which you can plan your repayment schedule accordingly 100 % Accurate Results - The EMI calculation results obtained from the calculator are accurate, as it considers all the parameters that alter the EMI amount while calculating. Strategic Benefit - Students can vary the repayment parameters to decide their repayment strategy and take loans accordingly. Free of Cost - Like all other services of Subraxo, the education loan EMI calculator is also free of cost.

Visit your nearest State Bank of India Branch and enquire about the abroad education loan products Fill out the application form and ask for the documents required to start the SBI education loan for abroad studies application process Visit the bank again to submit the documents to finally start your SBI student loan for abroad studies process. Take follow-ups from the banks till your loan is sanctioned. Challenges via direct application Extended timeline: 30-45 days, average processing Multiple visits to the bank : 7-8 bank visits are required, typically Limited Guidance: No optimised personalisation Higher interest rates : Standard interest rates, no negotiation advantage