SBI Education Loan for Abroad 2025:Interest Rates & How to Apply

SBI Education Loan for Abroad 2025 is a smart choice if you're planning to study full-time at a foreign university. With over 13 lakh Indian students going abroad in 2024, SBI’s Global Ed-Vantage scheme makes financing easier. 

You can get up to INR 3 crore with interest rates starting at 9.15% and repay over 15 years. The loan also offers quick approval, even before visa confirmation. Whether it's the USA, UK, or Canada, SBI helps cover tuition, travel, and living costs. This blog on SBI Education Loan for Abroad 2025 explains eligibility, interest rates, and how to apply.

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Different Education Loan Schemes Offered by SBI

The State Bank of India understands that every student has a different academic path and financial need. Whether you're pursuing a technical degree in India, heading abroad for a master’s program, or joining a short-term skill development course, SBI has designed specific education loan options to match those goals.

Here’s a closer look at the main types of education loans provided by SBI.

1 SBI Student Loan Scheme

This is for students pursuing regular graduate, postgraduate, or professional courses in India or abroad. You can borrow up to INR 1 crore (for institutes ranked in the top 100 by NIRF), and it's open to a wide range of disciplines and institutions.

2. SBI Global Ed-Vantage Scheme

Aimed at students who plan to study abroad, this loan supports full-time courses at recognised foreign universities. You can borrow from INR 7.5 lakh up to 3 crore, with longer repayment periods and competitive interest rates.

3. SBI Scholar Loan Scheme

This scheme is specifically for students admitted to top Indian institutions like IITs, IIMs, NITs, and AIIMS. It offers simplified documentation, better interest rates, and higher chances of approval, often with minimal or no collateral.

4. SBI Skill Loan Scheme

For students joining short-term skill development courses in India, certified by the National Skill Qualification Framework (NSQF). Loan amounts range from INR 5,000 to INR 7.5 lakh. It is ideal for vocational or job-oriented training programs.

5. SBI Takeover of Education Loans

Suppose you already have an education loan from another bank. In that case, SBI allows you to transfer it to them for possibly better interest rates or more flexible terms, especially useful for larger loans taken for study abroad.

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SBI Global Ed-Vantage Scheme For Studying Abroad 2025

When planning to study abroad, managing your finances can be one of the biggest hurdles. Tuition fees, accommodation, travel, and living expenses together add up and lead to stress. To support Indian students in overcoming these financial barriers, the State Bank of India offers a dedicated overseas education loan scheme called Global Ed-Vantage.

This loan is for students pursuing full-time, regular courses at foreign universities. It offers a higher loan amount, competitive interest rates, and a structured repayment plan tailored for international education.

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Key Features of the SBI Education Loan for Abroad 2025

If you're planning to study abroad and are looking for a loan that covers the high costs of international education, SBI’s Global Ed-Vantage scheme could be the right fit. 

The table below highlights the key features of the SBI Global Ed-Vantage Scheme.

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Fund College Fees + Living Expenses.

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SBI Education Loan for Abroad 2025 Loan Amount

The SBI Global Ed-Vantage scheme starts from INR 7.5 lakhs, making it ideal for full-time degree programs abroad rather than short-term courses or certifications. Students can avail up to INR 3 crores based on the course, country, and overall cost of education.

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SBI Education Loan Interest Rate For Abroad 2025

SBI links its education loan interest rates to the External Benchmark Rate (EBR), which is directly influenced by the RBI’s repo rate, the rate at which the Reserve Bank of India lends money to commercial banks. Since the EBR is based on the RBI’s policy rate decisions, these interest rates are floating and are reviewed periodically.

Here’s an updated look at the interest rate structure.

These floating interest rates give you access to competitive financing, especially for higher amounts. Always check with SBI or on their official portal for the latest rate updates before applying.

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SBI Education Loan For Abroad Eligibility Criteria 2025

Before applying for the Global Ed‑Vantage overseas education loan, it's important to check whether you meet the eligibility requirements. These rules are in place to ensure that borrowers and their families can manage the loan responsibly and that SBI approves the studies.

Here’s a closer look at the eligibility criteria.

Nationality & Age

• Only Indian citizens or OCI cardholders residing in India may apply.
• Applicants must be at least 18 years old. If younger, a parent or guardian must apply on their behalf. 

Admission Confirmation

• You must have secured admission in a recognised overseas university or institute for a full-time graduate, postgraduate, diploma, or doctoral program. 

Approved Countries & Institutes

• Courses must be at institutions in select countries like the USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand and Europe [Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland.
  

Academic & Credit Performance

• A minimum of 50–60% aggregate marks in Class 10, Class 12 (and graduation, if applicable) is usually required. 
• The co-applicant (parent/guardian) must have a stable income and a healthy credit score. 

Co‑applicant Requirement

• Either a parent or guardian (or spouse/in‑laws for married applicants) must join as a co-borrower, providing proof of income and financial stability.

Before you apply, make sure you understand the basics. Check SBI Education Loan eligibility and interest rates for 2025 to see if you qualify.

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What Documents Do You Need for an SBI Education Loan For Abroad 2025?

Before you begin the application process for SBI’s Global Ed-Vantage education loan, it’s important to get your documents in order. SBI requires specific documents from both the student and the co-applicant.

Here’s a clear list of documents typically needed when applying for the SBI Global Ed-Vantage Education Loan:

Documents to Be Submitted by the Student Applicant

Proof of Identity

• Passport (mandatory)
• PAN Card, Voter ID, Driving License

Proof of Address

• Electricity/Water/Telephone/Piped Gas Bill
• Passport, Driving License, Aadhaar Card

Academic Records

• Class 10th and 12th marksheets
• Graduation marksheets (semester-wise, if applicable)
• Entrance exam scores (IELTS, GRE, GMAT, TOEFL, etc.)

Admission Proof

• Offer/Admit letter from the foreign university (conditional letters are acceptable)

Course Expense Statement

• Detailed schedule of expenses/cost of study
• Copies of Scholarship/Freeship Letters (if awarded)

Photographs

• Two recent passport-size photos

Existing Loan (if any)

• Loan account statement for the last 1 year

Additional Required Documents

• Gap Certificate, if there is a break in academic studies
  (Self-declaration by the student is acceptable.)
• Asset-Liability Statement of Co-applicant/Guarantor
  (Compulsory for loan amounts exceeding ₹7.5 lakh)

Documents Required from the Co-Applicant (Parent/Guardian/Spouse)

Proof of Identity

• Passport, Driving License, Voter ID, PAN Card

Proof of Address

• Electricity/Water/Telephone/Piped Gas Bill
• Passport, Driving License, Aadhaar Card

Photograph

• One recent passport-size photo

Existing Loan (if any)

• Loan account statement for the last 1 year

Income Proof For Salaried Co-Applicant/Guarantor

• The latest 3 months’ salary slips or certificate
• IT Returns or Form 16 (for the last 2 years)
• Salary account bank statement (last 6 months)

Income Proof For Self-Employed Co-Applicant/Guarantor

• Business address proof (if applicable)
• IT Returns (for the last 2 years)
• Form 16A or TDS certificate (if applicable)
• Professional qualification certificate (e.g., for doctors, CAs)
• Bank statement (last 6 months)

Worried about loan approval? Learn why having a strong co-applicant can make or break your education loan in our detailed blog on What is a Co-Applicant in Education Loan!

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Minimal Docs, Maximum Approval - Apply Now.

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What Does the SBI Global Ed-Vantage Loan Cover?

The SBI Global Ed-Vantage Education Loan is designed to ease the financial pressure by covering a wide range of essential costs. This loan supports the many additional expenses that come with living and studying in another country. 

The table below highlights what the SBI Global Ed-Vantage scheme typically covers.

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SBI Education Loan for Abroad Security

When applying for a large education loan, especially one over INR 7.5 lakhs, SBI requires you to back it with some form of security. This is known as collateral. It gives the bank assurance that the loan can be recovered if needed.  

Here are the collateral options accepted by SBI.

Note: The property offered must have a clear title and meet SBI’s valuation and legal verification standards.

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SBI Education Loan for Abroad Repayment Period 

The SBI Global Ed-Vantage Loan offers a repayment period of up to 15 years, making it easier for you to manage your finances after graduation.

Here’s how the repayment timeline works.

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SBI Education Loan Abroad University List 2025

SBI offers loans primarily to students getting admission into well-ranked and reputed institutions around the world. These universities are typically included in the bank's approved list.

Here are some of the popular international universities considered for SBI education loans. 

For the full list of eligible universities, download the PDF:SBI Education Loan Abroad University List 2025.pdf

Want to know if your dream university qualifies for a loan? Check the full SBI Education Loan College List and apply with confidence!

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How to Apply Online for SBI Education Loan Without Collateral?

With SBI’s Global Ed-Vantage scheme, eligible students can get loans of up to INR 50 lakh without pledging any property or asset if they secure admission into top foreign universities. You can apply for this non-collateral education loan online, saving time and paperwork.

Here’s how you can apply online in a few simple steps.

1. Check Your Eligibility

Make sure you have admission to a university listed in SBI’s approved premier institution list. Loans without collateral are available only for select institutions abroad.

2. Register on the Vidya Lakshmi Portal

Go to https://pmvidyalaxmi.co.in/ and create a student account to access multiple loan schemes, including SBI’s Global Ed-Vantage.

3. Fill in the Application Form

Select SBI as your preferred lender and choose the Global Ed-Vantage option. Fill in your personal, academic, and course details.

4. Upload Required Documents

Scan and upload documents such as:

• Admission letter
• Identity and address proof
• Academic mark sheets
• Schedule of expenses
• Co-applicant’s income proof
• Passport and visa (if available) and other required documents.

5. Submit the Application Online

Once submitted, SBI will review your application. You may be contacted for further clarification or to visit the branch for physical verification.

6. Loan Sanction and Disbursement

After verification, SBI will issue a sanction letter. Once formalities are complete, the loan is disbursed, often even before your visa arrives, if the university requires early payment.

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Key Considerations Before Taking an SBI Non-Collateral Education Loan

Many students exploring SBI education loans for studying abroad often get confused by how non-collateral loans work, especially for long-duration courses like MBBS. While SBI offers both collateral and non-collateral options, there are clear limits and financial implications students must understand upfront.

Let’s look at a real case that captures this concern.

Reddit user in r/indianrealestate shared:

“I have no collateral, so the manager said I can get only up to ₹7.5 lakh under the non-collateral option at 10–11% interest. Since I plan to pursue a 6-year MBBS, they’ll pay ₹1.25 lakh per year. How can I reduce the interest burden and what precautions should I take before accepting the loan? Also, are there any common bank tricks I should watch out for?”

Insight: The INR 7.5 lakh limit, disbursed in small yearly amounts, often doesn’t cover the actual costs. Over time, interest builds up, increasing the final repayment significantly. Many students are also unaware of how interest compounds during the moratorium period or overlook hidden charges like insurance add-ons, leading to financial surprises later.

What do we infer from the above case?

• Yearly disbursement limits can create funding gaps and financial strain.
• Interest accumulation during the moratorium significantly increases total repayment.
• Hidden charges like insurance or processing fees can go unnoticed but add to your cost.

Tip: Always request a detailed repayment schedule and explore NBFC options if your funding needs go beyond what SBI offers without collateral.

SBI Education Loan for Abroad 2025 through the Global Ed-Vantage scheme is a smart financial option for students aiming to study at top international universities. With high loan amounts, flexible repayment, competitive interest rates, and even collateral-free options for select institutions, it covers all major expenses tied to studying overseas. Start your application today and take the next step toward your dream university abroad!

Dreaming of studying abroad but worried about the cost? Propelld’s got your back.With fast-track loan approvals, zero-collateral options, and custom repayment plans, Propelld helps students like you chase global education goals without roadblocks. 

Skip the long queues and paperwork. Apply for your study abroad loan with Propelld now.

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