Interest rates starting at 3.47%
State Bank Of India For Study Abroads
- Zero Service Charge
- Approval in 3-7 days
- 20+ Lending Partners
Quick Loan Overview
- Loan Amount: Minimum INR 20 Lakhs to Maximum INR 1.5 Crores.
- Margin Money: 10%
- Interest Rate: 8.65-9.15%
- Repayment Tenure: Up to 15 Years
- Countries covered: USA, UK, Canada, Australia, Europe, Singapore, Japan, Hong Kong and New Zealand
- Processing Time: 15 to 25 working days
Overview - SBI Study Abroad Loans
Planning to study abroad? The SBI education loan for abroad is one of the most popular financing options for Indian students.
Offered by the State Bank of India, this loan helps cover tuition fees, living expenses, and travel costs for universities in countries like the USA, UK, Canada, and Australia. We break down interest rates, eligibility, loan limits, and how to apply for an SBI study abroad loan.
10+B
Education Loans
20+
Lending Partners
500+
University Tie-ups
150K+
Students Supported
Key Features of SBI Overseas Education Loan
State Bank Of India is one of India’s leading banks for overseas education finance, offering competitive interest rates and flexible repayment options tailored to study abroad students.
So, what makes M7 business schools prestigious, especially HBS?
- Wide Loan Coverage – Covers tuition fees, living expenses, travel, insurance, and other study-related costs.
- Competitive Interest Rates – Generally lower compared to many private lenders, with concessions for female students.
- Moratorium Period – Course duration + 6 to 12 months grace period after completion.
- Collateral Requirement – Secured loans require collateral for higher amounts.
- Tax Benefits – Interest paid is eligible for tax deduction under Section 80E.
- Processing Simplicity – Available through SBI branches and online platforms like Vidya Lakshmi portal.
Types of Education Loans in SBI
- SBI Student Loan Scheme
- SBI Global Ed-Vantage Scheme
- SBI Shaurya Education Loan
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Comparison of SBI Abroad Education Loan Schemes
A side-by-side look at SBI’s education loan options for studying abroad, so you can choose the scheme that fits your profile, course, and funding need
| Loan Scheme | Loan Limit | Interest Rate | Study Location |
|---|---|---|---|
| SBI Student Loan Scheme | Up to ₹1.5 Crores (Abroad), Up to ₹50 Lakhs (India) | 9.90% (after applicable concession*) | India & Abroad |
| Shaurya Education Loan (For the wards of Defense and Indian Coast Guard personnel) | Up to ₹1.5 Crores (Abroad), Up to ₹40 Lakhs (India) | 9.90% (after applicable concession*) | India & Abroad |
| SBI Global Ed-Vantage | Up to ₹3 Crores | 8.90% (after applicable concession*) | Abroad |
SBI Education Loan for Abroad Studies Interest Rate
Checking your interest rate during the time of loan disbursement is important as the interest rate will determine the total cost of the loan. Here’s what SBI abroad education loan interest rates are:
| SBI Education Loan Interest Rates 2026 | Details |
|---|---|
| With Collateral (Above INR 7.50 lakh to INR 3 crore) | 8.90% |
| Takeover above INR 10.00 lakh (with collateral) | 9.90% |
| For Select Institutions | |
| Without Collateral (Above INR 7.50 lakh to INR 50 Lakh) | 10.15% |
| With Collateral (Above INR 7.50 lakh to INR 3 crore) | 9.65% |
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Benefits of taking an SBI Study Abroad Loan
- High Loan Amount – Get up to ₹1.5 crores for international studies.
- Competitive Interest Rates – Attractive rates with possible concessions for female students.
- Coverage for All Expenses – Tuition fees, travel, accommodation, and living expenses are included.
- Tax Benefits – Avail tax deduction under Section 80E on the interest paid.
- Special Schemes Available – Tailored loans for premier institutes and defense families.
- Wide Global Reach – Loans available for studies in top universities across the world.
Key Features of State Bank Of India Overseas Education Loan
State Bank Of India is one of India's leading banks for overseas education finance, offering competitive interest rates and flexible repayment options tailored to study abroad students.
Wide Loan Coverage
Covers tuition fees, living expenses, travel, insurance, and other study-related costs.
Competitive Interest Rates
Generally lower compared to many private lenders, with concessions for female students.
Moratorium Period
Course duration + 6 to 12 months grace period after completion.
Collateral Requirement
Secured loans require collateral for higher amounts.
Tax Benefits
Interest paid is eligible for tax deduction under Section 80E.
Processing Simplicity
Available through SBI branches and online platforms like Vidya Lakshmi portal.
Key Features of State Bank Of India Overseas Education Loan
Free Counselling
Country Selections
University & Couse
Shortlisting
SOP, LOR & Documentation
End to End Assistance
Overseas Education Loans
Types of Education Loans in SBI
- SBI Student Loan Scheme
- SBI Global Ed-Vantage Scheme
- SBI Shaurya Education Loan
Comparison of SBI Abroad Education Loan Schemes
Source: SBI Interest rate
A side-by-side look at SBI’s education loan options for studying abroad, so you can choose the scheme that fits your profile, course, and funding need
| Loan Scheme | Loan Limit | Loan Limit | Study Location |
|---|---|---|---|
| SBI Student Loan Scheme | Up to ₹1.5 Crores (Abroad) Up to ₹50 Lakhs (India) | 9.90% (after applicable concession*) | India & Abroad |
| Shaurya Education Loan (For the wards of Defense and Indian Coast Guard personnel) | Up to ₹1.5 Crores (Abroad) Up to ₹40 Lakhs (India) | 9.90% (after applicable concession*) | India & Abroad |
| SBI Global Ed-Vantage | Up to ₹3 Crores | 8.90% (after applicable concession*) | Abroad |
| Chicago Booth | ~732 | ~22% | ~$175,000 |
SBI Education Loan for Abroad Studies Interest Rate
| SBI Education Loan Interest Rates 2026 | Details |
|---|---|
| With Collateral (Above INR 7.50 lakh to INR 3 crore) | 8.90% |
| Takeover above INR 10.00 lakh (with collateral) | 9.90% |
| For Select Institutions | |
| Without Collateral (Above INR 7.50 lakh to INR 50 Lakh) | 10.15% |
| With Collateral (Above INR 7.50 lakh to INR 3 crore) | 9.65% |
Benefits of taking an
SBI Study Abroad Education Loan:
Get Your Loan in 4 Easy Steps
Earnest
Interest rate starting at 3.47%
Loan Amount:
Full COA
COA (Cost of Attendance) is the total estimated yearly cost of college, including tuition fees, living expenses, and other essentials.
Processing Fee:
Zero Processing Fee
Tenure:
5/7/10/12/15 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 9 Months
Sallie Mae
Interest rate starting at 3.47%
Loan Amount:
Up to USD 175k
Processing Fee:
Zero Processing Fee
Tenure:
Up to 15 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 6 Months
Prodigy Finance
Interest rate starting at 3.47%
Loan Amount:
Up to USD 220K
Processing Fee:
4% + $500
Tenure:
7-20 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 6 Months
M Power
Interest rate starting at 3.47%
Loan Amount:
Up to USD 100K
Processing Fee:
5%
Tenure:
Up to 10 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 6 Months
Avanse
Interest rate starting at 3.47%
Loan Amount:
Up to INR 2 Cr
Processing Fee:
1% Loan Amount + 18% GST
Tenure:
Up to 15 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 9 Months
Credila
Interest rate starting at 3.47%
Loan Amount:
Up to INR 2 Cr
Processing Fee:
1% Loan Amount + 18% GST
Tenure:
Up to 15 Years
Loan Type
No-collateral with U.S Cosigner
Moratorium Period:
Course Duration + 1 Year
SBI Education Loan for Abroad Studies Interest Rate
Use this snapshot to benchmark your competitiveness and understand salary outcomes before applying.
| School | Avg. GMAT | Acceptance Rate | Median Base Salary |
|---|---|---|---|
| Harvard Business School (HBS) | ~730 | ~12% | ~$175,000 |
| Stanford GSB | ~738 | ~6% | ~$182,000 |
| Wharton (UPenn) | ~733 | ~19% | ~$175,000 |
| Chicago Booth | ~732 | ~22% | ~$175,000 |
| Northwestern Kellogg | ~731 | ~20% | ~$170,000 |
| Columbia Business School | ~730 | ~15% | ~$175,000 |
| MIT Sloan | ~730 | ~11% | ~$165,000 |
Guide to M7 MBA Programs
An M7 MBA program is an MBA degree earned from one of the Magnificent Seven (M7) business schools in the United States. These schools represent the highest tier of MBA programs globally and are known for shaping business leaders who go on to lead Fortune 500 companies, startups, investment firms, and global organizations.
What is an M7 MBA?
An M7 MBA is not just about rankings—it reflects a combination of academic excellence, leadership development, elite peer networks, and consistently strong career outcomes. For many applicants, an M7 MBA is the gold standard of management education.
While publications release annual MBA rankings, the M7 label has remained consistent for decades because these schools:
- Produce top global business leaders
- Attract the strongest applicant pools worldwide
- Maintain unmatched alumni influence across industries
Eligibility for SBI Study Abroad Education Loan
Not all platforms are built the same. Here's why students trust Nomad
Student Eligibility
Must be an Indian passport holder.
Must have an admission offer from a qualifying program
Loan sanction possible before admission for visa purposes.
For undergraduate programs: Completion of Standard XII (10+2).
For postgraduate programs: Must hold a graduate degree (10+2+3 or 10+2+4)
Co-applicant required (parent, spouse, parent-in-law, or sibling over 18).
Collateral Security
100% collateral required under the SBI Global Ed-vantage Scheme.
Relatives or non-relatives can provide collateral.
Student insurance available under the RiNn Raksha Scheme (insurance premium included in loan amount).
Upfront Payment
Processing Fee: ₹10,000 + GST for loans above ₹20 lakhs (no fee for loans up to ₹20 lakhs).
Collateral Assessment Fee: Mortgage, legal, and valuation charges are payable by the borrower.
Margin: 15% margin for loans above ₹7.5 lakhs; scholarships or assistantships can be adjusted towards the margin
Documents Required for SBI Education Loan for Abroad Studies
The student and the co-applicant require Various documents for the SBI Global Ed-Vantage loan scheme. All documents should be self-attested. The documents required are as follows:
- Identity Proof – PAN / Passport / Driver’s License / Voter ID Card (any one)
- Address Proof – Recent copy of Telephone Bill / Electricity Bill / Water Bill / Piped Gas Bill or Copy of Passport / Driving License / Aadhaar Card
- Academic Records – 10th and 12th Result, Graduation Result (Semester wise – if applicable), Entrance Exam Result (GRE, GMAT, TOEFL, etc.)
- Offer Letter or Admission Letter (Conditional admission letter may be considered)
- Statement of Cost of Study / Schedule of Expenses
- Passport Size Photographs – 2
- Loan Statement for Last 1 Year (if taken any previous loan)
- Identity Proof – PAN / Passport / Driver’s License / Voter ID Card (any one)
- Address Proof – Recent copy of Telephone Bill / Electricity Bill / Water Bill / Piped Gas Bill or Copy of Passport / Driving License / Aadhaar Card
- Passport Size Photographs – 2
- Loan Statement for Last 1 Year (if taken any previous loan)
- Salary Slip or Salary Certificate of Last 3 Months
- Copy of Form 16 of Last 2 Years OR
- Copy of IT Returns for Last 2 Financial Years (must be acknowledged by IT Dept)
- Bank Account Statement for Last 6 Months (of Salary Account)
- Business Address Proof (if applicable)
- IT Returns for the Last 2 Years (only if IT payee)
- TDS Certificate (Form 16A, if applicable)
- Qualification Certificate (for CA / Doctor and other professionals)
- Bank Account Statement for the Last 6 Months
Documents Required for SBI Education Loan for Abroad Studies
Elite Recruiter Access
Priority access to top consulting, finance, and tech employers who recruit exclusively on M7 campuses.
Early Leadership Roles
M7 graduates move into high-impact positions faster than peers from non-M7 programs.
Geographic Mobility
Alumni networks spanning the U.S., Europe, and Asia give graduates unmatched career flexibility.
Lifelong Alumni Network
Long-term career acceleration through one of the world’s most influential professional networks.
For many employers, an M7 MBA signals readiness for high-impact leadership roles. M7 schools consistently deliver outcomes at the very top of the market through deeper leadership development, flexible curricula, and stronger long-term return on investment.
How do you apply for an
SBI Education Loan for Abroad Studies?
Apply through Nomad Credit:
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Submit Your Documents
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Receive Loan Approval
State Bank of India
Education Loan — Countries & Destinations
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United States
United Kingdom
Canada
Australia
Europe
Singapore
Japan
Hong Kong
New Zealand
Expenses Covered by SBI Education Loan for Abroad Studies
SBI Global Ed-Vantage loan scheme covers various expenses for international students. The eligible expenses are as follows:
- Tuition fee for College / School / Hostel
- Examination / Library / Laboratory fee
- Travel expenses / Passage money
- Caution deposit/building fund / Refundable deposit (should not exceed 10% of tuition fees for the entire course)
- Purchase of books/equipment/instruments/uniforms/computer and other course-related expenses like study tours, projects, or theses, limited to 20% of the total tuition fees
Why choose Nomad Credit?
Frequently Asked Questions
What is SBI’s RiNn Raksha for study abroad?
SBI’s RiNn Raksha is a group credit life insurance plan for borrowers. The insurance ensures that the outstanding loan would be paid off without burdening the family in case of the borrower's death.
How to reduce the interest rate for SBI education loans for abroad studies?
Take advantage of SBI’s 0.5% discount for female students, start repayment during the moratorium period, and maintain a good profile. These are some ways to reduce the interest rate for SBI education loans for abroad studies.
Are the interest rates fixed for SBI education loans for abroad studies?
Interest rates are not fixed for the entire duration and will be floating for the entire loan period. SBI interest rates for study abroad start from 9.65% to 10.15%.
Can I get a no-collateral loan from SBI for my studies abroad?
SBI offers collateral and no-collateral loans to students for their studies abroad. For a no-collateral loan, the student is not required to pledge any asset for the loan.
What are the tax benefits of SBI education loans abroad?
SBI offers tax benefits of section 80(E) to the students. Section 80(E) provides a deduction on interest paid on the education loan with no maximum limit.
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