Student Loan Scheme- State Bank of India

Published: Thursday November 14, 2019 17:59

Under State Bank of India Student Loan Scheme the bank extends loan to students who want to secure higher education but don’t have the finances at the moment or want to disburse the financial burden over a greater time period. This student loan scheme can be availed by any prospective student seeking education in India or abroad.

Eligibility

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured

Courses Covered

a. Studies in India:

a) Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc
b) Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM etc
c) Teacher training/ Nursing courses approved by Central government or the State Government
d) Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved by Director General of Civil Aviation/Shipping/ concerned regulatory authority

b. Studies abroad:

a) Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities
b) Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.

Loan Amount

a) For studies in India - maximum Rs. 10 lacs
b) Studies abroad - maximum Rs. 20 lacs
c) Higher loan limit for studies in India are considered on case-to-case basis
d) Higher loan limit for studies abroad are considered under our SBI Global Ed-Vantage Scheme

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