India’s Most Trusted Bank

State Bank Of India For Study Abroad

Study Overseas with SBI Abroad Education Loans designed for Indian students pursuing higher education in the USA, UK, Canada, Australia & more.

Quick Loan Review

Max Loan Amount

₹3 Crores

Margin Money

10%

Interest Rate

8.65-9.15% pa

Repayment Tenure

Upto 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 Abroad Education Loan

An SBI education loan for abroad studies helps Indian students fund tuition, living expenses, travel, insurance, and other study costs, with loans up to ₹3 Crores, interest rates starting at 8.90%, a course-period moratorium, and repayment tenure of up to 15 years for destinations like the USA, UK, Canada, and Australia.

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 SBI Education Loan for Abroad

State Bank Of Indiais 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.

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Types of Student Loans in SBI

SBI offers different education loans to meet the needs of students pursuing international education. Here are some of the top loans available:

SBI Student Loan Scheme

Education loan for Indian students pursuing higher education in India or abroad.
Covers graduation, post-graduation, technical and professional courses approved by UGC/AICTE/Government bodies.
Repayment tenure: Up to 15 years after course completion + moratorium period
No processing or upfront charges.
Loan includes tuition fees, books, equipment, hostel expenses, travel, etc.
Available through SBI branches and YONO platform.

Source – https://sbi.bank.in/

SBI Global Ed-Vantage Scheme

Special education loan scheme for students pursuing full-time courses abroad.
Loan amount: Up to ₹3 crore.
Collateral-free loans up to ₹50 lakh for select premier foreign institutions.
Covers tuition fees, living expenses, travel, insurance, books, laptops, etc.
Flexible repayment tenure up to 15 years.
Designed specifically for overseas higher education.

Source – https://sbi.bank.in/

SBI Shaurya Education Loan

Education loan scheme for spouses and children of Defence, Indian Coast Guard, and CAPF personnel.
Available for studies in India and abroad.
Supports professional, technical, graduate, and postgraduate courses.
Offers flexible repayment options and competitive interest rates.
Aims to support meritorious students from armed forces families.

Source – https://sbi.bank.in/

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

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SBI education loan for abroad without collateral

SBI offers unsecured (collateral-free) education loans for abroad under its Global Ed-Vantage Scheme. The limit was raised in 2024 from ₹7.5 lakh to ₹50 lakh for students admitted to premier-ranked foreign universities, no property or fixed deposit required.

Loan limits at a glance

University type	Max without collateral	Co-applicant
Premier (SBI-approved list, ~96 universities)	₹50 lakh	Required
All other recognised universities	₹7.5 lakh	Required
Any university (with collateral)	Up to ₹3 crore	Required

Note: A parent, guardian, spouse, or sibling must co-sign as co-applicant. No third-party guarantor needed.

Interest rates (2025–26, floating)

Loan type	Rate (p.a.)	Concession
Unsecured – Premier universities	9.65%	−0.5% for girl students
Unsecured – Other universities	10.15%	−0.5% for girl students
Secured (with collateral)	9.15% onwards	−0.5% Rinn Raksha + girl student

SBI Education Loan Interest rate for Abroad

Checking your interest rate at the time of loan disbursement is important for education loans without collateral and with collateral, as it determines the total cost of the loan. Here’s what SBI abroad education loans 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%

SBI Education Loan Interest Rates 2026 (For Select Institutions)	Details
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%

Source: SBI Interest rate

Eligibility for SBI Study Abroad Education Loan

Category	Details
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.

Get Your Education Loan Today!

Explore the best loan options, check your eligibility in 2 minutes, and review financing options suited to your needs

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:

Student

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)

Co-Applicant

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)

Income Proof for Salaried Co-applicant

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)

Income Proof for Self-Employed Co-applicant / Guarantor

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

How do you apply for an SBI Loan for Abroad Studies?

Apply through Nomad Credit: Your Education Loan Journey: 5 Swift Steps, Zero Hassle.

Step 1: Check Your Loan Eligibility

Use our free tool to quickly check your eligibility and view personalized loan options.

Step 2: Connect with a Loan Expert

Our dedicated loan counselors are ready to guide you through the process and answer all your questions.

Step 3: Submit Your Documents

Easily upload your documents and complete the required forms to kickstart your application.

Step 4: Get a custom Offer

Our team works hard to help you secure the best interest rates and maximize your loan amount.

Step 5: Receive Loan Approval & Disbursement

Once approved, you’ll get your sanction letter and the lender will disburse your funds promptly.

Countries Covered Under SBI Education Loan

State Bank of India covers over 9 countries. Here are the most popular study destinations supported.

United States

UK

Canada

Australia

Europe

Singapore

Japan

Hong Kong

New Zealand

Expenses Covered by SBI 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?

Take The First Step Toward Your Study Abroad Dream With Nomad Credit At No-Cost! Apply For Your SBI Education Loan Through Nomad Credit Today!

360° Study Abroad Assistance

Zero Service Charge

International Student Support

Fast and Easy Application Process

Extensive Eligibility assessment

Competitive Rates, Flexible Terms

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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.

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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.

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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

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.