Education LoanLow Interest Rate
SBI Student Loan Scheme
by State Bank of India
Interest Rate
8.5% p.a.
Max Amount
₹20 Lakhs
Tenure
Up to 15 years
Key Features
No processing fee for loans up to ₹20 Lakhs
Repayment holiday/moratorium: Course period + 1 year
Income Tax rebate under Section 80E
No security required for loans up to ₹7.5 Lakhs
Eligibility & Documents
Eligibility
Indian National, secured admission in India or abroad through entrance test/selection process.
Required Documents
Admission LetterFee StructureClass 10th, 12th & Graduation MarksheetsKYC of Student & Co-borrowerIncome Proof of Co-borrower