Financial constraints should never be a barrier to education! Recognizing this, the State Bank of India (SBI) offers student loans at competitive interest rates, making higher education accessible for all.
Many students in India struggle to complete their studies due to financial difficulties. To support them, various banks provide education loans. Among them, SBI's Student Loan Scheme stands out as an excellent option for those aspiring to pursue higher education in India or abroad.
The SBI Education Loan is available for Indian students whose families cannot afford the cost of higher education. It covers a range of professional degree and diploma courses from recognized institutions. Additionally, loans are available for teacher training programs approved by central or state governments.
✅ Low-Interest Rates: SBI offers education loans at an interest rate of just 8.65%, with special discounts available.
✅ No Collateral for Loans Up to ₹7.5 Lakh: Students borrowing up to this amount don’t need to provide security.
✅ Zero Processing Fees: No processing charges for loans up to ₹20 lakh. For higher amounts, a nominal fee of ₹10,000 applies.
✅ Flexible Repayment Tenure: Loan repayment begins one year after course completion, with a repayment period of up to 15 years.
📌 For studies in India: Students can get loans up to ₹50 lakh.
📌 For studying abroad: Loans up to ₹1.5 crore are available.
With SBI’s student loan scheme, financing your education is now easier than ever! Take advantage of this opportunity and make your academic dreams a reality.
