Dream Big, Study Global - We’ll Handle the Loan
Study Abroad Loan for Indian Students through State Bank of India
Get expert help to explore SBI education loan options for overseas studies with faster guidance on eligibility, documents, and next steps.
Why choose State Bank of India (SBI)?
Key Features of SBI Loan Global Ed-Vantage scheme
Loan amount Upto Rs. 1.50 Crore
Repayment through EMI up to 15 years
Attractive Interest Rates
Income Tax Benefits under section 80E
Loan sanction prior to i20/Visa
Online Application Process
Why Choose Nomad Credit?
₹10 Billion+ in loans processed across 9+ countries
Applying for an education loan for international studies often means more than just filling one form. Students usually need help understanding loan eligibility, selecting the right loan structure, preparing documents, estimating expenses, and reducing delays before visa timelines. Nomad Credit helps you navigate the process with clearer guidance, so you can move from admission to funding with more confidence.
Benefits:
- Understand possible eligibility based on your profile
- Get help with document readiness
- Check if your university may fit SBI’s eligible overseas study criteria
- Cultural exposure
- Opportunities for global networking and career growth
Speak to an Expert
Trusted by students in 9+ countries to secure funds for their dreams
Study Abroad Destinations Covered
Study in United States
Boasting 33 of the world’s top 100 universities, as well as being home to the financial, technology, aerospace, healthcare and entertainment hubs of the world, the United States is a land of educational and career opportunities for international students.
United States
Study in United Kingdom
The United Kingdom is home to some of the world’s finest and oldest universities and colleges. Experience a tradition of academic excellence and research innovation, with access to top-quality education that shapes future leaders across diverse fields.
United Kingdom
Study in Canada
Canada is renowned for its high-quality education and welcoming multicultural society. With a reputation for safety, innovation, and stunning scenery, it’s a top choice for those seeking a well-rounded study abroad experience.
Canada
Study in Australia
Uncover a world of opportunities in the land down under! With over 1,100 institutions, and 22,000 courses to choose from, Australia offers a world-class education and an outstanding quality of life.
Australia
Study in Ireland
Ireland consistently ranks top 20 globally for quality of life, safety, and human development. Its rich history, vibrant culture, and top-tier institutions attract students seeking excellent education in a welcoming environment.
Ireland
Study in Germany
Study in Germany and gain a globally recognized degree in a vibrant, English-speaking country. Choose from top programs in business, tech, healthcare, and more. Enjoy post-study work options, strong career prospects, and a welcoming culture in one of Europe’s fastest-growing economies.
Germany
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Who Can Apply
This option is typically relevant for Indian students planning to pursue full-time regular undergraduate, postgraduate, diploma, certificate, or doctoral programs at eligible foreign institutions. SBI’s scheme page specifically mentions overseas study destinations including the USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, and multiple European countries
- Planning to study abroad in a full-time regular course
- Holding or expecting an admission offer from an eligible foreign institution
- Looking for loan support for tuition and related study expenses
- Exploring collateral-free funding.
What expenses cover?
SBI’s scheme page indicates the loan can be used for core education-related expenses such as tuition paid directly to the college or university, exam/library/lab fees, travel expenses for overseas study, and selected course-related items like books, equipment, computers, study tours, project work, and thesis-related costs within stated limits. It also mentions certain refundable institutional deposits within capped limits and loan insurance premium support.
- Tuition fees & Hostel Fee*
- Exam, library, and laboratory fees
- Travel expenses for studying abroad
- Books, laptop/equipment, and course essentials
How it works?
Get free, personalized support every step of the way
01
Free counseling
Tell us about your background, interests, and goals to get started.
02
Shortlisting
Discover universities and courses that align with your goals.
03
Applications & SOPs
Get help with crafting SOPs, submitting documents and applications.
04
Admit & More
Receive your offer letter timely and get help with loans, visa, scholarships, etc.
Need help for an Education Loan?
Don’t let finances hold you back! Connect with our loan experts today and find the best study abroad loan for you.
Trusted by Thousands of Graduates
Real People. Real Savings.
As I was heading for MBA at Columbia, I got in touch with Nomad team regarding the financing. They were super helpful and always approachable. This involved sitting with me on calls as I fill forms, helping with US cosigner doubts, helping me process all the applications. I highly recommend them!!
Anusha Goel
Columbia Business School
I’m really grateful to Nomad team for all the help and support. From the very first step, they were always just a call away. Thanks to them, the whole process felt so much smoother and less stressful. I’d happily recommend them. They truly go above and beyond for the people they works with!
Vibhuti Luthra
NYU Stern School of Business
I got in touch with Anchal regarding financing options as I head for an MBA at Stanford. She helped me get to know about all the available options with utmost patience. In the end, I was able to get a highly competitive interest rate with her help, which turned out to be the best option available in the market!
Yash Maheshwari
Stanford Graduate School of Business
Ganesh was my case manager at Nomad Credit. He helped me secure 2 student loans, 1 for each year of my MBA at UCLA Anderson. It is not always straight forward for international students to get student loans in the US, but Ganesh walked me through the whole process step by step, making it as stress free as possible. Highly recommended!
Jack Du
UCLA Anderson School of Management
Nomad Team helped me get the best possible option for my financing needs. They made sure that I got the most updated and consistent information to make the right decision towards the most important aspect of my studies i.e. money management. They were always there to help me and have a great attitude towards helping others.
Abhishek Pasricha
University of Southern California
Working with your team was an incredibly smooth and reassuring experience. A special shoutout to Karan and Deepesh, who truly went above and beyond at every stage and making sure everything was on track despite tight timelines. I’m genuinely grateful to have had such a supportive team by my side, I couldn’t have done it without you!
Sourav Mehra
UVA Darden School of Business
Since, I was doing this for the first time, I had a lot of questions. The team very patiently answered all my queries and consistently supported me from filling-up my application to document verification until I had received my loan confirmation. Overall, I really appreciate Nomad’s help in navigating me through my loan application process.
Shubham Malviya
Kellogg School of Management
Your unwavering support, particularly in navigating the challenge of securing a loan without collateral, has been truly remarkable. Special thanks to Shweta ma’am. Your service and commitment to helping students like me achieve their dreams have made a profound impact, and for that, I am deeply thankful.
Shakib Shaikh
Aston University
I’m incredibly grateful to Poonam and the entire Nomad Team for their outstanding support throughout. Their guidance was clear, timely, and tailored to my specific needs. I highly recommend them to anyone pursuing international education. They’re knowledgeable, professional, and genuinely invested in your success.
Akanksha Dilip Mhaisne
Kent State University
Thanks Sulekha & Nomad Credit for assisting me throughout. You also helped me boost my confidence personally in the entire process. I am grateful, you were there to resolve my every doubt regarding visa interview questions and any query I had. At the end, thanks once again for helping me achieve F-1 visa for the USA.
Jaspreet Kaur
University of Maryland
Your exceptional guidance made my master’s application process smooth and stress-free. You were always available and willing to answer my queries with patience and clarity. I highly recommend Nomad to anyone seeking professional guidance for their higher education journey.
Arshan Bhanage
San Jose State University
Why choose Nomad Credit for Study Abroad Journey?
Free Counselling
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Overseas Education Loans
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Copyright © 2025 Nomad Credit | All Rights Reserved
Disclaimer
*Student Loan Rate and Terms Disclosure: Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Nomad Credit platform offer fixed rates ranging from 3.39% – 18.11% APR and variable interest rates from 4.13% – 16.85% APR. Variable rates and floating rates from Indian lenders will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Repo Rate (for Indian lenders), depending on the lender. Rates are subject to change at any time without notice. Your actual rate may differ from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s, if any, financial history), and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5 to 20 years), and include Automatic Payment and Loyalty Discounts, where applicable. Loyalty and Automatic Payment discount requirements, as well as lender terms and conditions, will vary by lender; therefore, reviewing each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum amounts, degree and institution eligibility, citizenship and residency requirements, and other lender-specific criteria. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.
Frequently Asked Questions
Everything you need to know about Loans
What is an SBI Education Loan?
SBI Education Loan is a student loan offered to Indian nationals for pursuing higher education in India or abroad after securing admission. SBI offers multiple schemes, including the regular Student Loan Scheme, Scholar Loan for select premier institutes, Global Ed-Vantage for overseas studies, and PM-Vidyalaxmi for eligible students.
Who can apply for an SBI Education Loan?
Indian nationals who have secured admission to an eligible course in India or abroad can apply. Under the regular student loan scheme, SBI specifically states the loan is for Indian nationals pursuing higher education where admission has already been secured.
Which courses are covered under SBI Education Loan?
SBI covers regular graduation and post-graduation courses, including technical and professional degree or diploma programs approved by bodies such as UGC, AICTE, IMC, or government authorities. It also covers teacher training, nursing, and certain regulated programs like aeronautical, pilot training, and shipping courses. For overseas studies, SBI includes job-oriented professional and technical graduation, post-graduation, and diploma courses from reputed universities.
How much education loan can I get from SBI for studies in India?
Under SBI’s regular Student Loan Scheme, the maximum amount depends on the institution and course category. For studies in India, loan limits go up to ₹75 lakh for certain medical courses in top-ranked institutes, ₹50 lakh for other eligible categories, and can go up to ₹1 crore on a case-to-case basis in specified situations.
How much loan can I get for studying abroad through SBI?
Under the regular Student Loan Scheme, overseas study funding is available up to ₹7.5 lakh. For higher overseas funding needs, SBI directs students to Global Ed-Vantage, which offers loans up to ₹3 crore for full-time regular courses at foreign colleges and universities.
What is SBI Global Ed-Vantage?
SBI Global Ed-Vantage is SBI’s overseas education loan scheme for students pursuing full-time regular courses at foreign colleges or universities. It is meant for study abroad cases requiring larger ticket sizes than the regular student loan scheme.
What expenses are covered under SBI Education Loan?
SBI Scholar Loan explicitly lists expenses such as tuition fees, hostel fees, examination, library and laboratory fees, books, equipment, instruments, caution deposit, building fund, laptop purchase, travel or exchange-programme expenses, and other education-related expenses subject to scheme rules.
Does SBI offer 100% financing for education?
Yes, SBI Scholar Loan mentions 100% financing for students pursuing higher education in select premier institutions. This is a key benefit of the Scholar Loan scheme.
Is collateral required for SBI Education Loan?
For SBI’s regular Student Loan Scheme, no collateral is required up to ₹7.5 lakh, provided a parent or guardian joins as co-borrower. For loans above ₹7.5 lakh, SBI requires a parent or guardian as co-borrower along with tangible collateral security.
Plan your dream education journey today with Nomad Credit!
Copyright © 2026 Nomad Credit | All Rights Reserved
Disclaimer
*Student Loan Rate and Terms Disclosure: Rates displayed include Automatic Payment and Loyalty Discounts, where applicable. Note that such discounts do not apply while loans are in deferment. The lenders on the Nomad Credit platform offer fixed rates ranging from 3.23% – 18.11% APR and variable interest rates from 4.13% – 16.85% APR. Variable rates and floating rates from Indian lenders will fluctuate over the term of the borrower’s loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Repo Rate (for Indian lenders), depending on the lender. Rates are subject to change at any time without notice. Your actual rate may differ from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s, if any, financial history), and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy co-signers, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5 to 20 years), and include Automatic Payment and Loyalty Discounts, where applicable. Loyalty and Automatic Payment discount requirements, as well as lender terms and conditions, will vary by lender; therefore, reviewing each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum amounts, degree and institution eligibility, citizenship and residency requirements, and other lender-specific criteria. Lenders will conduct a hard credit pull when you submit your application. Hard credit pulls will have an impact on your credit score.