Study Abroad Loan offered to all students by SBI. Do not worry about finances if you must study abroad. For SBI Study Abroad Loan is exclusive to you. Yes, you are also eligible for a loan to study overseas. A maximum loan of Rs. 7.50 lakh is available for studies abroad. Loans are available for education toward a graduate degree, postgraduate degree, diploma, certificate, or doctorate in any eligible nation. Additionally, loans are available for all upper level courses.
You can apply for loans to study in Europe [Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, United Kingdom], the United States, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, and the United Kingdom.
Loans Details :
- Minimum Loan : Rs 7.50 Lakh
- Maximum Loan : Rs 1.50 Crores
Education :
- Graduate Degree
- Post-Graduate Degree
- Diploma
- Certificate
- Doctorate
Repayment
- Accrued interest during the moratorium to be added to the principal and repayment in EMI fixed.
- Repayment will commence 6 months after completion of course
- Repayment upto maximum of 15 years
Loans For
- Fee payable to college/school/hostel.
- Examination/Library/Laboratory fee.
- Travel expenses/passage money for studies abroad
Important Document
- Mark sheet of 10th, 12th, Graduation (if applicable), Entrance Exam Result
- Proof of admission to course [ Offer Letter/ Admission Letter/ ID card if available]
- Schedule of expenses for course
- Copies of letter conferring scholarship, free-ship, etc.
- Gap certificate, if applicable (self-declaration from student for gap in studies)
- Passport size photographs of Student / Parent / Co-borrower / Guarantor (1copy each)
- Asset-Liability Statement of Co-applicant / Guarantor (Applicable for loans above Rs 7.50 lacs)
- Bank Account Statement for the last six months of Parent / Guardian/ Guarantor
- Copy of Sale Deed and other documents of title to property in respect of immovable property offered as collateral security / Photocopy of Liquid Security offered as collateral
- Permanent Account Number (PAN) of Student / Parent / Co-borrower / Guarantor
- AADHAAR (mandatory, if eligible under various interest subsidy schemes of GOI)
- Passport (mandatory for Studies Abroad)
- Submission of OVD (refer to table below)
How to repay the loan?
You have to repay money at time. The loan amount must be repaid within a maximum of 15 year.
How to Apply?
- You have to apply Online
- Then you have to submit your document.
Apply Steps
- Link is given below
- Open It
- Fill all Your personal details
- Enter loan details
- Enter Account Number
- Upload Document
- Submit it
Important Link :
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