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Interest Rate

Min. 10.25% Per Annum (0.50% less for females)

Processing Fee


Tenure Range

Max. 15 years

Fees & Charges:

  • Preclosure Fee - NIL Max. 15 years


  • Nationality - Indian 
  • Secured admission to selected Professional/Technical institutions

Features & Benefits:

  • Get lower interest rate 
  • Minimal documentation
  • 0.50% concession for females
  • No collateral required (upto 4 lakhs)
  • No additional charges 

Documents Required:

For student applicant:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Academic Proof:

  • 10th, 12th, graduation mark sheets

Admission Proof:

  • Offer letter/ admission letter

For Co-applicant:

  • Identity Proof, Address Proof
  • Income Proof for salaried/self-employed

Short Description:

SBI Education loan understands the need of the student to build a prosperous future by providing the loan at a lower interest rate and no hidden costs and administrative charges. Besides this, SBI will provide 0.50% concession for the girl students.

Bank Description:

SBI is the largest public sector bank in India and it is on the top when it comes of building trust among the Indians. Its 24,000+ branches and 59,000+ ATMs all over the nation caters different services like Loans, saving and deposit account, mutual funds and much more. SBI Education loan is one of the major education loan providers and is fully committed to helping the capable students to fulfil their dreams by providing at the lower interest rate.