[suman]

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Hi buddy here I have come to get info about State Bank Of India Student Loan scheme so would you plz tell me about the same ??

[Vishal Kotkar]

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

State Bank Of India grant Student Loan for higher education and a professional degree from reputed educational institutions is growing in India

Eligibility:
Education loan eligibility is very simple and clear.

State Bank Of India Student Loan Loan grant to Indian nationals for studies in India and abroad if admission is already secured.

Documents required
Letter of Admission

Completely filled Loan Application Form

2 passport size photographs

Statement of cost of study

PAN card of the parent, student or legal guardian

Aadhar Card of the student and parent or guardian

Identity proof which may be a copy of Driving License or Passport or Aadhar Card

Residence Proof which may be copy of Driving License or Passport or Electricity Bill or Telephone bill

Student/co-borrower’s/Guarantor’s bank account statement of the last 6 months

IT Returns or IT Assessment Order of the last 2 years of parent or guardian or other co-borrower

Brief Assets and Liabilities Statement of parent or guardian or other co-borrower

Income proof which can be the salary slip or Form 16 of the parent or guardian

And other educational documents listed by the bank for SBI Student scheme.

Rate of interest: Listed below is the interest on educational loans offered on SBI education loan.

Loan amount

Interest Rate

Up to Rs. 4 lakh


3.65% above the Base Rate - 13.35%

Above Rs. 4 lakh and up to Rs. 7.5 lakh


3.90% above the Base Rate - 13.60%

Above Rs. 7.5 lakh


1.90% above the Base Rate - 11.60%