SBI, a leading national financial institution, offers various education loan options to help Indian families and students overcome the challenge of affording higher education costs. The SBI Education Loan program supports domestic and foreign studies, catering to various higher education programs, including degrees, diplomas, and vocational training. With flexible options to accommodate different financial needs, SBI's education loans provide an accessible way for students to pursue their academic aspirations.
This blog presents a comprehensive SBI Education Loan College List for 2024.
Types of SBI Education Loan
Loan Parameter
SBI Student Loan Scheme
SBI Scholar Loans (For colleges under SBI Premier Institute List)
SBI Global Ed-Vantage Scheme
Loan Limit
Up to ₹30 lakhs for medical courses Up to ₹10 lakhs for other courses (maximum up to ₹50 lakhs, depending on the case)
Up to ₹1.5 Crore for abroad education For unsecured loans: ₹50 lakhs (List AA) ₹40 lakhs(List A) ₹30 lakhs (List B) ₹7.5 lakhs to ₹30 lakhs (List C) There is no upper limit for secured loans
₹20 lakhs to ₹1.5 Cr
Secured/Unsecured Loan
Secured/Unsecured both options available. Students can choose based on the maximum loan amount required
Secured/Unsecured both options available. Students can choose based on the maximum loan amount required
Secured
Interest Rate
11.15%
AA List: IITs - 8.10%, Other Institutions - 8.05%
A List: IITs - 8.15%, Other institutions - 8.65%
B List: NITs - 8.65%, Other institutions - 9.15%
C List: NITs - 8.65%, Other institutions - 9.65%
11.15% (including interest rate concession)
Interest Rate Concession
For girls students: 0.50% SBI Rinn Raksha or Any other bank policies: 0.50%
For girls students: 0.50% SBI Rinn Raksha or Any other bank policies: 0.50%
For girls students: 0.50% SBI Rinn Raksha or Any other bank policies: 0.50%
Loan Margin
Up to ₹4 lakhs - 0% Above ₹4 lakhs - 5%
Zero (Bank charge margins depend on the ranking of colleges.)
Up to ₹4 lakhs - 0% Above ₹4 lakhs - 5%
Processing Fees
Loans up to ₹20 lakhs - ₹0 Loans above ₹20 lakhs - ₹10,000+ TAX
Zero
Loans up to ₹20 lakhs - ₹0 Loans above ₹20 lakhs - ₹10,000+ TAX
Moratorium Period
Course Duration + 6 months
Course Duration + 12 months after the course completion or 6 months after employment (whichever is earlier)
Course Duration + 6 months post-course completion
Repayment Duration
Up to 15 years post the moratorium period
Up to 15 years after the moratorium period completion
Up to 15 years after the moratorium period completion
Note: Please refer to the official SBI bank website or consult your nearest branch to learn the current interest rates.
The SBI Scholar loan is directly targeted at students pursuing education from premium institutions in the country, such as IITs, IIMs, NITs, and ISB. The SBI Education Loan College list for scholar loan is further categorised into four lists: List AA, List A, List B, and List C. Based on this, the maximum loan limit is different for students of institutions belonging to various lists.
Here is the SBI Education Loan College List categorised under 4 lists:
List AA - SBI Education Loan College List
SBI Education Loan College List
Location
Indian Institute of Management (IIM), Ahmedabad
Gujarat
Indian Institute of Management (IIM), Bangalore
Karnataka
Indian Institute of Management (IIM), Calcutta
West Bengal
Indian Institute of Management (IIM), Indore
Madhya Pradesh
Indian Institute of Management (IIM), Indore - Mumbai Campus
Maharashtra
Indian Institute of Management (IIM), Kozhikode
Kerala
Indian Institute of Management (IIM), Lucknow
Uttar Pradesh
Indian Institute of Management (IIM), Lucknow - Noida Campus
Uttar Pradesh
Indian School of Business (ISB), Hyderabad
Telangana
Indian School of Business (ISB), Mohali
Punjab
Xavier Labour Relations Institute (XLRI), Jamshedpur
Jharkhand
List A- SBI Education Loan College List
SBI Education Loan College List
State
Birla Institute of Technology & Sciences (BITS), Pilani
Rajasthan
BITS (Pilani) - Goa Campus
Goa
BITS (Pilani) - Hyderabad Campus
Telangana
Indian Institute of Corporate Affairs (IICA), Manesar
Haryana
Indian Institute of Foreign Trade (IIFT), Delhi
Delhi
Indian Institute of Foreign Trade (IIFT), Kolkata
West Bengal
Indian Institute of Management (IIM), Amritsar
Punjab
Indian Institute of Management (IIM), Bodhgaya
Bihar
Indian Institute of Management (IIM), Jammu
Jammu and Kashmir
Indian Institute of Management (IIM), Kashipur
Uttarakhand
Indian Institute of Management (IIM), Nagpur
Maharashtra
Indian Institute of Management (IIM), Raipur
Chhattisgarh
Indian Institute of Management (IIM), Ranchi
Jharkhand
Indian Institute of Management (IIM), Rohtak
Haryana
Indian Institute of Management (IIM), Sambalpur
Odisha
Indian Institute of Management (IIM), Shillong
Meghalaya
Indian Institute of Management (IIM), Sirmaur
Himachal Pradesh
Indian Institute of Management (IIM), Trichy
Tamil Nadu
Indian Institute of Management (IIM), Udaipur
Rajasthan
Indian Institute of Management (IIM), Visakhapatnam
Andhra Pradesh
Indian Institute of Technology (IIT), Bhilai
Chhattisgarh
Indian Institute of Technology (IIT), Bhubaneshwar
Odisha
Indian Institute of Technology (IIT), Chennai
Tamil Nadu
Indian Institute of Technology (IIT), Delhi
Delhi
Dept of Management Studies, IIT Delhi
Delhi
Indian Institute of Technology (IIT), Dharwad
Karnataka
Indian Institute of Technology (IIT), Gandhinagar
Gujarat
Indian Institute of Technology (IIT), Goa
Goa
Indian Institute of Technology (IIT), Guwahati
Assam
Indian Institute of Technology (IIT), Hyderabad
Telangana
Indian Institute of Technology (IIT), Indore
Madhya Pradesh
Indian Institute of Technology (IIT), Jammu
Jammu and Kashmir
Indian Institute of Technology (IIT), Jodhpur
Rajasthan
Indian Institute of Technology (IIT), Kanpur
Uttar Pradesh
Department of Industrial & Management Engineering, IIT Kanpur
Uttar Pradesh
Indian Institute of Technology (IIT), Kharagpur
West Bengal
Indian Institute of Technology (IIT), Mandi
Himachal Pradesh
Indian Institute of Technology (IIT), Mumbai
Maharashtra
Indian Institute of Technology (IIT), Palakkad
Kerala
Indian Institute of Technology (IIT), Patna
Bihar
Indian Institute of Technology (IIT), Roorkee
Uttarakhand
Indian Institute of Technology (IIT), Rupnagar (Ropar)
Punjab
Indian Institute of Technology (IIT), Tirupati
Andhra Pradesh
Indian Institute of Technology (IIT), Varanasi
Uttar Pradesh
Indian School Of Mining (ISM), Dhanbad
Jharkhand
Institute of Management Technology (IMT), Ghaziabad
Uttar Pradesh
Kasturba Medical College (KMC), Mangalore
Karnataka
Kasturba Medical College (KMC), Manipal
Karnataka
Management Development Institute (MDI), Gurgaon
Haryana
Management Development Institute (MDI), Murshidabad
West Bengal
Manipal Institute of Technology (MIT), Manipal
Karnataka
National Institute of Industrial Engineering (NITIE), Mumbai
Maharashtra
Nirma Institute of Management, Ahmedabad
Gujarat
S P Jain Institute of Management and Research (SPJIMR), Mumbai
Maharashtra
Shailesh J. Mehta School of Management (SJMSOM), IIT Mumbai
Maharashtra
Symbiosis Centre For Management & HRD (SCMHRD), Pune
Maharashtra
Symbiosis Institute of Business Management (SIBM), Pune
Maharashtra
T. A. Pai Management Institute (TAPMI), Manipal
Karnataka
Xavier Institute of Management (XIM), XUB-Bhubaneswar
Odisha
Xavier School of Human Resource Management, Bhubaneswar
Odisha
Xavier School of Rural Management (XSRM), XUB-Bhubaneswar
Odisha
List B- SBI Education Loan College List
SBI Education Loan College List
State
Army College of Dental Sciences (ACDS), Secunderabad
Telangana
Army College of Medical Sciences (ACMS), Delhi Cantt
Delhi
Army Institute of Law (AIL), Mohali
Punjab
Army Institute of Management (AIM), Kolkata
West Bengal
Army Institute of Technology (AIT), Pune
Maharashtra
Bharathidasan Institute of Management (BIM), Tiruchirapalli
Tamil Nadu
Birla Institute of Technology (BIT), Mesra, Ranchi
Jharkhand
College of Engineering, Pune
Maharashtra
Delhi College of Engineering (DCE), Delhi
Delhi
Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar
Gujarat
Faculty of Engineering & Technology, Jadavpur University, Kolkata
West Bengal
Faculty of Management Studies (FMS), Delhi
Delhi
Goa Institute of Management (GIM), Goa
Goa
ICFAI Business School (IBS), Hyderabad
Telangana
International Institute of Information Technology (IIIT), Hyderabad
Telangana
Indian Institute of Science (IISc), Bangalore
Karnataka
Indraprastha Institute of Information Technology (IIIT), Delhi
Delhi
International Management Institute (IMI), Kolkata
West Bengal
International Management Institute (IMI), New Delhi
Delhi
International Management Institute (IMI), Bhubaneswar
Odisha
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
Maharashtra
Kalinga Institute of Medical Science (KIMS), Bhubaneswar
Odisha
Kirloskar Institute of Advanced Management Studies (KIAMS), Bangalore
Karnataka
Marine Engineering & Research Institute, Kolkata
West Bengal
Manipal School of Architecture and Faculty of Architecture
Karnataka
Manipal College of Dental Sciences
Karnataka
Mudra Institute of Communication (MICA), Ahmedabad
Gujarat
National Institute of Bank Management (NIBM), Pune
Maharashtra
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Maharashtra
National Institute of Technology (NIT), Surathkal
Karnataka
National Institute of Technology (NIT), Tiruchirapalli
Tamil Nadu
National Law School of India University (NLSIU), Bangalore
Karnataka
National Law University (NLU), Jodhpur
Rajasthan
Prin. L. N. Welingkar Institute of Management, Development & Research (WeSchool), Mumbai
Maharashtra
Thapar University, Patiala
Punjab
Visvesvaraya National Institute of Technology (VNIT), Nagpur
Maharashtra
List C-SBI Education Loan College List
SBI Education Loan College List
State
Centre for Environmental Planning & Technology (CEPT), Ahmedabad
Gujarat
Chandragupt Institute of Management, Patna
Bihar
Dr B R Ambedkar National Institute of Technology (NIT), Jalandhar
Punjab
Indian Institute of Forest Management (IIFM), Bhopal
Madhya Pradesh
Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam
Andhra Pradesh
Kalinga Institute of Industrial Technology (KIIT) University School of Management (SOM)
Odisha
Kalinga Institute of Industrial Technology (KIIT) University School of Technology (SOT)
Odisha
L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
Rajasthan
Loyola Institute of Business Administration (LIBA), Chennai
Tamil Nadu
Maharishi Markandeshwar University (MMU) Medical College, Haryana
Haryana
Malaviya National Institute of Technology (NIT), Jaipur
Rajasthan
Maulana Azad National Institute of Technology (NIT), Bhopal
Madhya Pradesh
MIT-World Peace University (MIT-WPU), Pune
Maharashtra
NIT Motilal Nehru National Institute of Technology, Allahabad
Uttar Pradesh
M S Ramaiah Institute of Technology (MSR-IT), Bengaluru
Karnataka
M S Ramaiah Medical College (MSR-MC), Bengaluru
Karnataka
M S Ramaiah Institute of Management (MSR-IM), Bengaluru
Karnataka
National Institute of Construction Management & Research (NICMAR), Pune
Maharashtra
National Institute of Food Technology Entrepreneurship and Management (NIFTEM), Sonepat
Haryana
National Institute of Technology (NIT), Agartala
Tripura
National Institute of Technology (NIT), Arunachal Pradesh
Arunachal Pradesh
National Institute of Technology (NIT), Calicut
Kerala
National Institute of Technology (NIT), Delhi
Delhi
National Institute of Technology (NIT), Durgapur
West Bengal
National Institute of Technology (NIT), Goa
Goa
National Institute of Technology (NIT), Hamirpur
Himachal Pradesh
National Institute of Technology (NIT), Jamshedpur
Jharkhand
National Institute of Technology (NIT), Kurukshetra
Haryana
National Institute of Technology (NIT), Manipur
Manipur
National Institute of Technology (NIT), Meghalaya
Meghalaya
National Institute of Technology (NIT), Mizoram
Mizoram
National Institute of Technology (NIT), Nagaland
Nagaland
National Institute of Technology (NIT), Patna
Bihar
National Institute of Technology (NIT), Puducherry
Pondicherry
National Institute of Technology (NIT), Raipur
Chattisgarh
National Institute of Technology (NIT), Rourkela
Odisha
National Institute of Technology (NIT), Sikkim
Sikkim
National Institute of Technology (NIT), Silchar
Assam
National Institute of Technology (NIT), Srinagar
Jammu and Kashmir
National Institute of Technology (NIT), Tadepalligudem
Andhra Pradesh
National Institute of Technology (NIT), Uttarakhand
Uttarakhand
National Institute of Technology (NIT), Warangal
Telangana
National University of Juridical Sciences (NUJS), Kolkata
West Bengal
Netaji Subhas Institute Of Technology (NSIT), Delhi
Delhi
Sardar VallabhBhai National Institute of Technology (NIT), Surat
Gujarat
School of Planning & Architecture, New Delhi
Delhi
Symbiosis Institute of Management Studies (SIMS), Pune
Maharashtra
Symbiosis Institute of Telecom Management (SITM), Pune
Maharashtra
Symbiosis Institute of International Business (SIIB), Pune
Maharashtra
Symbiosis School of Banking and Finance, Pune
Maharashtra
University College of Engineering (UCE), Odisha
Odisha
Xavier Center For Urban Management and Governance (XUMG) (MBA-UMG)
If your dream college is not mentioned in the SBI Education Loan College list, don’t worry! While the SBI Scholar loan applies exclusively to premier educational institutions in India, you can consider other education loan plans by SBI to pursue education from abroad.
If you are looking for an SBI education loan college list abroad, or colleges within India not mentioned in the SBI Education Loan College list, you must be eyeing these education loans:
SBI Global Ed-Vantage Scheme
SBI Student Education Loan
These loans apply to any recognised institution within India not mentioned in the SBI Education Loan College list or abroad universities. Here is a list of courses covered under each loan scheme:
SBI Education Loan Name
Courses Covered
SBI Student Education Loan
Studies in India
Graduation and post-graduation, including regular technical and professional diploma/degree courses conducted by colleges/universities approved by AICTE/UGC/IMC/Govt., etc.
Regular Degree/ Diploma Courses held by autonomous institutions like IIT, IIM, etc.
Regular Degree/Diploma Courses such as Aeronautical, pilot training courses, shipping, etc., approved by the Director General of Civil Aviation/Shipping or the concerned regulatory authority.
Teacher training/ Nursing courses approved by the State or Central government.
Job-oriented professional or technical Graduation Degree courses or Postgraduate Degree and Diploma courses like MCA, MBA, MS, etc., offered by recognised universities.
Courses held by the Chartered Institute of Management Accountants—London, CPA (Certified Public Accountant) in the USA, etc.
Studies Abroad
Job-oriented professional/technical Graduation Degree courses/Postgraduate Degree and Diploma courses such as MBA, MCA, MS, etc., offered by reputed universities.
Courses held by Chartered Institute of Management Accountants (CIMA)—London, CPA (Certified Public Accountant) in the USA, etc.
SBI Global Ed-Vantage Scheme
Regular Post Graduate/Graduate/Doctorate Courses offered in any discipline by foreign Institutes/Universities in the USA, Canada, UK, Australia, Europe, Singapore, Hong Kong, Japan, and New Zealand.
No matter which scheme you choose, the Education Loan Moratorium Period plays a major role in determining how soon you’ll begin repaying your SBI loan.
You can apply for an SBI's education loan schemes in person or online to financially assist your education and get into any institution mentioned in the SBI Education Loan College List.
Offline:
Step 1: Reach your nearest SBI branch with the required documents.
Step 2: Submit the completed application form which you will get there.
Online
Step 1: Visit the SBI's official website.
Step 2: Click on ‘Education loan’.
Step 3: Select your preferred education loan.
Step 4: Click on 'Apply Now'.
Step 5: A representative from SBI bank will contact you.
Looking forward to becoming a doctor? You can get an SBI Education loan for MBBS! Read this blog to know more.
Interested in getting an education loan to fund your education?
Getting an education loan as a student might be overwhelming. There is so much paperwork, and the process is filled with low approval rates, adding to the hassle.
Propelld solves this problem by offering an education loan exclusively designed for students. Propelld Education loans have a 100% digital process with higher approval rates.
The State Bank of India Scholar Loan College List includes select premier institutions in India such as IITs, IIMs, NITs, and other centrally recognised universities approved under the Scholar Loan scheme.
Are only premier institutes eligible for the SBI Scholar Loan?
Yes. The Scholar Loan is designed specifically for students admitted to select top-tier institutions. Other recognised colleges may be eligible under different SBI education loan schemes.
Is the SBI Scholar Loan applicable to all colleges in India?
No. While SBI offers education loans for many recognised colleges, the Scholar Loan scheme is limited to institutions listed under its approved premier-college categories.
Where can I find the official list of colleges eligible for the SBI Scholar Loan?
The approved college list is published by SBI and may be available on its official website or through the nearest SBI branch. The list is updated periodically.
What is the maximum loan amount for students admitted to colleges on the Scholar Loan list?
The maximum loan amount depends on the institution category, course cost, and collateral availability. Higher loan limits are generally available for students from premier institutions, as per SBI’s prevailing policy.
Is collateral required for an SBI Scholar Loan?
Collateral requirements depend on the loan amount and institution category. Loans up to the government-prescribed threshold may be available without collateral, while higher amounts generally require acceptable security.
How are colleges categorised under the SBI Scholar Loan scheme?
Institutions are grouped into categories such as AA, A, B, or others based on reputation and accreditation. These categories influence loan limits, interest rates, and collateral norms.
What is the interest rate for students on the SBI Scholar Loan College List?
Interest rates vary by institution category, loan amount, and whether the loan is secured. Rates are applied as per SBI’s policy at the time of sanction and are subject to change.
Is there any interest rate concession for female students?
Yes. Female students may be eligible for an interest rate concession under the Scholar Loan scheme, subject to SBI’s prevailing norms.
Can the SBI Scholar Loan be used for studying abroad?
No. The Scholar Loan is applicable only for studies within India. Students planning to study abroad may apply under SBI’s overseas education loan schemes.
What documents are required to apply for an SBI Scholar Loan?
Common documents include proof of admission, academic records, KYC documents, income proof of the co-borrower, and collateral documents if applicable.
What happens if my college is not on the SBI Scholar Loan list?
If the institution is not covered under the Scholar Loan scheme, students may still be eligible for other SBI education loan options, provided the college is recognised by the appropriate authorities.
What expenses are covered under the SBI Scholar Loan?
The loan can cover tuition fees, examination and library fees, hostel or accommodation charges, study materials, travel expenses, and essential equipment such as a laptop, as per course requirements.
What is the repayment period for the SBI Scholar Loan?
Repayment generally begins after the moratorium period, which includes the course duration plus a grace period, and can extend up to 15 years depending on the loan amount and scheme.
Are tax benefits available on SBI Scholar Loans?
Yes. Interest paid on education loans is eligible for tax deduction under Section 80E of the Income Tax Act, subject to applicable conditions.
A banker turned content marketer with expertise in growth-focused content strategies for the finance and digital sectors. She currently drives data-backed content initiatives at Propelld, through high-impact storytelling.
Before moving into content marketing, Vaishali spent nearly a decade in banking, across their asset and lending divisions and spent almost a decade in finance. An MBA in Marketing and a writer at heart, she finally took up content marketing and now simplifies money talks for the readers.
She is also a certified digital marketer (MICA), combining data-driven insights with creative storytelling to deliver measurable business growth.
Beyond work, Vaishali is a handcrafted brand founder, avid reader, and travel & food blogger, blending creativity and strategy in everything she does.
A seasoned Chartered Accountant, Shailesh Jain is a finance and compliance leader specializing in corporate finance, financial operations, and fintech-driven lending models. At Propelld, he scales education loan offerings by shaping financial strategies, optimizing operations, and ensuring regulatory excellence, driving sustainable growth in the edtech and fintech space.
An expert in Fintech & Edtech innovation, Shailesh leverages financial insights to transform education lending, combining analytical rigor with strategic foresight. Previously, he led the finance team at Khatabook, building a new lending venture, and has worked with PwC, ICICI Bank, and Mulberry Silks, gaining strong expertise in audit, risk mitigation, and strategic decision-making.
Passionate about financial innovation, he continues to advance education financing in India, creating efficient, scalable, and compliant lending ecosystems.
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