lender_profile // state-bank-of-india
State Bank of India Education Loan
State Bank of India is a public bank on the Path Navigators education-loan panel, funding overseas and domestic study with both secured and collateral-free lines.
type
Public Bank
secured rate
9.4%
unsecured rate
9.9%
max secured
₹3 Cr
max unsecured
₹8 L
rating
4.6
key_terms
- Secured interest band 9.4%–9.4% with sanctions up to the collateral value
- Unsecured band 9.9%–9.9% for eligible profiles
- Processing fee ₹10,000 + GST, margin money 15% (abroad)
- Moratorium: Course + 6 months — repay after the course plus grace period
eligibility
- · Indian citizen (or eligible NRI) with a confirmed or conditional admit
- · Co-applicant with a stable income and healthy CIBIL score (700+ preferred)
- · Course must be a recognised full-time programme at an approved institution
- · Applicant age typically 18–35 at the time of sanction
documents
- · KYC of applicant and co-applicant (PAN, Aadhaar, address proof)
- · Academic records: 10th, 12th, degree marksheets and certificates
- · Test scores (IELTS / TOEFL / PTE / GRE / GMAT)
- · Admission or conditional offer letter with fee structure
- · Co-applicant income proof: 3 years ITR, 6 months bank statement, salary slips
- · Collateral papers where a secured loan is applied for
processing fee
₹10,000 + GST
margin money
15% (abroad)
moratorium
Course + 6 months
sanction time
10–21 working days from complete file
expenses_covered
Tuition and university feesLiving expenses and accommodationAirfare and travelLaptop, books and study materialHealth insurance and exam/visa fees
Co-applicant requirement: Parent, sibling, spouse or close relative. Indicative bands published by the lender; the final offer depends on profile, collateral and co-applicant credit.