SBI Global Ed-Vantage Overseas Education Loan

With an upward trend of students preferring foreign education to accomplish their career goals, SBI global extends a hand towards making this possible with a customized financing solution.

SBI Global Ed-Vantage is an overseas education loan for those who wish to pursue full-time regular courses at foreign colleges and universities. With an upward trend of students preferring foreign education to accomplish their career goals, we extend a hand towards them for making this possible with a customized financing solution. 

Courses covered under this loan scheme: 

  • Regular Graduate Degree 

  • Post-Graduate Degree 

  • Diploma 

  • Certificate / Doctorate Courses  

Students can pursue these courses in any discipline from colleges/universities in the US, UK, Australia, Canada, Europe, Japan, Singapore, Hong Kong and New Zealand.

Loan amount: 

Individuals can avail of this loan of starting Rs. 7.50 lacs up to Rs. 1.50 crores 

Interest Rate: 

SBI provides interest rates of 8.65 per cent with a special 0.50 per cent concession for female applicants 


  • Repayment will commence 6 months after completion of the course

  • Repayment up to a maximum of 15 years

Expenses covered in the scheme 

  • Travel expense/passage money 

  • Tuition fees 

  • Examination/Library/lab fees 

  • Books/equipment/instruments/uniform/computers’ fees at reasonable cost 

  • Cost of additional requirements like project work/thesis/study tours (not exceeding 20 per cent of total tuition fees) 

  • Other expenses like caution deposit/building fund/refundable deposit supported by institution bills/receipts (not exceeding 10 per cent of total tuition fees) 

Features and Benefits: 

  • Convenient and fast online application process through the website

  • Applicants can click on ‘Apply Now’, fill in the required details and submit the application process

  • Early loan approval: The loan will be sanctioned before the student’s I-20/visa 

  • Tax exemption under Section 80(E) of the Income Tax Act

  • Fee payable to college/school/hostel

  • Margin to be brought in on a year-on-year basis as and when disbursements are made on a pro-rata basis. Scholarship/assistantship to be included in margin.

Documents required for the application process: 

  • Mark sheet of class 10th and 12th, Graduation (if applicable) and Entrance Exam result 

  • Admission letter/offer letter/id card from the university as proof of admission 

  • Schedule of expenses for course

  • Copies of letter conferring scholarship, free-ship, etc.

  • Gap certificate, if applicable (self-declaration from the student for a gap in studies)

  • Passport size photographs of Student / Parent / Co-borrower / Guarantor (1 copy each)

  • Asset-Liability Statement of Co-applicant / Guarantor (Applicable for loans above Rs 7.50 lacs)

  • For Salaried People:

    1. Latest Salary Slip

    2. Form 16 OR latest IT Return (ITR V)

  • For other than Salaried People:

    1. Business address proof (if applicable)

    2. Latest IT Returns (if applicable)

  • Bank Account Statement for the last six months of Parent / Guardian/ Guarantor

  • Copy of Sale Deed and other documents of title to the property in respect of immovable property offered as collateral security / Photocopy of Liquid Security offered as collateral

  • Permanent Account Number (PAN) of Student / Parent / Co-borrower / Guarantor

  • AADHAAR (mandatory, if eligible under various interest subsidy schemes of GOI)

  • Passport

  • Submission of Officially Valid Document as proof of identity and address 

  • Passport/Driving License/ Voter’s ID card


  • An applicant can provide tangible collateral security 

  • Collateral security offered by a third party (other than parents) can also be accepted 

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