Eligibility, courses covered, loan amount, other details
The State Bank of India (SBI), the largest lender in the country, offers term loans to Indian nationals to pursue higher education in India or abroad where admission has been guaranteed. With this student loan, the bank offers a repayment period of up to 15 years after the course period plus 12 months of repayment leave.
Here are the key things to know about the SBI student loan program:
Covered courses
Studies in India
Study abroad
Covered expenses
Amount of the loan
Studies in India
(A higher loan limit for studies in India can be considered on a case-by-case basis, maximum up to Rs 50 lakh)
To study abroad
(A higher loan limit for study abroad is considered under the Global Ed-vantage Scheme, maximum up to Rs 1.50 crore)
Processing fee
Security
Margin
Generation EMI
Other characteristics
(Edited by : Ajay Vaishnav)
First publication: STI
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