Apply Now
SBI Official National Digital Partner
4.8★ Google Rating (1,200+ reviews)
13,000+ students funded
Rates updated May 2026
Effective May 2026 EBLR-linked · Floating Rate

SBI Education Loan Interest Rates

SBI abroad education loan interest rates vary based on the loan scheme and collateral availability. Under the Global Ed-Vantage scheme, secured education loans offer lower interest rates starting from 8.4% p.a., while unsecured variants carry comparatively higher rates. SBI Shaurya education loans for defence families come with interest rates ranging between 8.9% and 9.4% p.a. All schemes offer floating interest rates with repayment tenures of up to 15 years.

  • ✔ 0.5% female student concession
  • ✔ Up to ₹3 crore loan under Global Ed-Vantage Secured
  • ✔ Flat ₹10,000 processing fee
  • ✔ Zero prepayment & foreclosure penalty, any time
8.4%
Lowest rate · GEV Secured female applicants
₹3 Cr
Maximum loan under Global Ed-Vantage Secured
₹0
Prepayment & foreclosure penalty

Get Free Loan Assistance

Our expert will call you within 1 working day

🔒 100% Free. No spam. No broker fees.

  • 📉 EBLR-linked floating rate
  • 👩‍🎓 0.5% female concession
  • 💼 Flat ₹10K processing fee
  • 🚫 Zero prepayment penalty
Quick answer

What is the current SBI abroad education loan interest rate?

As of May 2026, SBI's lowest published rate for an abroad education loan is 8.4% per annum on the Global Ed-Vantage Secured scheme for female applicants. Male applicants on the same scheme pay 8.9%. The unsecured variant of Global Ed-Vantage is priced at 8.9% for all applicants. The Shaurya scheme starts at 8.9% for female applicants and 9.4% for male applicants on both its secured and unsecured variants. All four schemes carry a flat ₹10,000 + GST processing fee, a 15-year repayment ceiling, and zero prepayment or foreclosure penalty.

All four abroad schemes

SBI Education Loan Interest Rates - Complete Scheme Comparison

SBI offers four loan schemes for studies abroad - two from the Global Ed-Vantage family (open to all applicants) and two from the Shaurya family (for wards of defence personnel). Each family has a secured variant (collateral required, higher loan ceiling) and an unsecured variant.

Feature Global Ed-VantageSecured Global Ed-VantageUnsecured Shaurya SchemeSecured Shaurya SchemeUnsecured
Max Loan Amount ₹3 Crore ₹50 Lakh ₹1.5 Crore ₹40 Lakh
Interest Rate (Female) 8.4% 8.9% 8.9% 8.9%
Interest Rate (Male) 8.9% 8.9% 9.4% 9.4%
For Abroad Studies Yes Yes Yes Yes
Collateral Required Yes No Yes No
Processing Fee ₹10,000 + GST ₹10,000 + GST ₹10,000 + GST ₹10,000 + GST
Max Repayment 15 years 15 years 15 years 15 years
Pre-Approval Letter Yes Yes Yes Yes
Global Ed-Vantage scheme

SBI Global Ed-Vantage Secured & Unsecured Education Loan Interest Rates

Global Ed-Vantage is SBI's flagship abroad education loan, open to any Indian student with confirmed admission to a recognised foreign university. The scheme comes in two variants - secured (with collateral) and unsecured (no collateral).

Secured · with collateral

Global Ed-Vantage Secured

Property, FD, or LIC policy pledged as security

Female applicant
8.4%
Male applicant
8.9%
Maximum loan amount₹3 Crore
Collateral acceptedProperty / FD / LIC
Processing fee₹10,000 + GST
Maximum repayment15 years
Best forLarge-ticket loans
Unsecured · no collateral

Global Ed-Vantage Unsecured

Sanctioned on co-applicant income - no property pledge

Female applicant
8.9%
Male applicant
8.9%
Maximum loan amount₹50 Lakh
Collateral acceptedNone
Processing fee₹10,000 + GST
Maximum repayment15 years
Best forNo property, faster processing
The decision in one line: for female applicants, the secured variant is 0.5% cheaper (8.4% vs 8.9%) - that gap is worth roughly ₹2.8 lakh in total interest over 15 years on a ₹50 lakh loan. For male applicants, the rate is identical at 8.9% - so the only reason to pledge collateral is to unlock the higher ₹3 crore ceiling.
Shaurya scheme

SBI Shaurya Secured & Unsecured Education Loan Interest Rates

Shaurya is SBI's dedicated education loan for wards of Indian Armed Forces, Coast Guard, and Central Armed Police Forces (CAPF) personnel. Unlike Global Ed-Vantage, the interest rate is the same on both variants - what changes is the loan ceiling.

Secured · with collateral

Shaurya Scheme Secured

For wards of defence, coast guard, CAPF personnel

Female applicant
8.9%
Male applicant
9.4%
Maximum loan amount₹1.5 Crore
Collateral acceptedProperty / FD / LIC
Processing fee₹10,000 + GST
Maximum repayment15 years
EligibilityDefence / CG / CAPF wards
Unsecured · no collateral

Shaurya Scheme Unsecured

Collateral-free option for defence families

Female applicant
8.9%
Male applicant
9.4%
Maximum loan amount₹40 Lakh
Collateral acceptedNone
Processing fee₹10,000 + GST
Maximum repayment15 years
EligibilityDefence / CG / CAPF wards
If you're eligible for both Shaurya and Global Ed-Vantage: compare carefully. Shaurya offers the same rate on secured and unsecured (8.9% female / 9.4% male), so you can stay collateral-free up to ₹40 lakh without a rate penalty. Global Ed-Vantage Secured is cheaper for female applicants at 8.4% - but you need collateral to access that rate.
Female applicant concession

SBI Education Loan Female Interest Rate Benefits

SBI applies a 0.5% interest rate concession for female applicants on three of the four abroad loan schemes. The concession is automatic - there's no separate application or paperwork - and it stays applied for the entire loan tenure of up to 15 years.

How the 0.5% female concession works

The concession is applied at the time of sanction and is documented in the sanction letter. It runs for the full repayment tenure - there's no annual review, profile re-check, or documentation beyond the standard KYC submitted at loan origination.

Because the underlying rate is floating (it moves with RBI's repo rate), the 0.5% gap between female and male applicant rates stays constant even when the headline rate changes. If repo rises and the male rate becomes 9.4% on Global Ed-Vantage Secured, the female rate moves to 8.9% in the same quarter - the differential is preserved.

Always verify your sanction letter explicitly mentions "0.5% female concession applied" before signing. Some branches occasionally miss applying it - particularly on the Shaurya variants - and flagging it on signing day is far easier than getting it corrected after disbursement.

Where the 0.5% concession applies
Global Ed-Vantage Secured
Up to ₹3 Crore · collateral required
8.9%
8.4%
Global Ed-Vantage Unsecured
Up to ₹50 Lakh · no collateral
8.9%
No concession on this scheme
Shaurya Scheme Secured
Up to ₹1.5 Crore · collateral required
9.4%
8.9%
Shaurya Scheme Unsecured
Up to ₹40 Lakh · no collateral
9.4%
8.9%
Lifetime savings · GEV Secured · ₹50 lakh loan over 15 years

What the 0.5% concession actually saves you

₹48,978
Monthly EMI for a female applicant at 8.4%
₹50,538
Monthly EMI for a male applicant at 8.9%
₹2,80,800
Total interest saved over the 15-year tenure
Moratorium mechanics

SBI Education Loan Simple Interest During Moratorium

Every SBI abroad education loan comes with a moratorium - a built-in payment holiday that covers your full course duration plus six months. Knowing how interest behaves during this window, and the choice you have about whether to pay it as it accrues, is one of the biggest cost-control decisions of the entire loan.

Phase 1 · Course period
During your degree

Disbursements happen in tranches each semester or year. Simple interest starts accruing daily on each disbursed amount from the day it's released. No EMI is due during this phase.

Phase 2 · 6-month grace
After course completion

SBI extends a six-month grace period after your course ends. Simple interest continues to accrue on the full disbursed principal. Still no EMI obligation yet.

Phase 3 · Repayment
EMIs begin

After the grace period, EMIs begin. The starting principal depends on a choice you made in Phase 1 - whether you paid the simple interest as it accrued, or let it accumulate.

Two paths for handling simple interest during moratorium

Option A Lower lifetime cost

Pay simple interest as it accrues

You or your co-applicant pay the monthly accrued interest during course + 6-month grace.

Course period (e.g., 2 years)Pay SI monthly
6-month gracePay SI monthly
Interest at EMI startAlready cleared
EMI calculated onOriginal principal only
Total cost on ₹50L over 15 yrs~₹88 L
Option B Capitalisation applies

Let interest accrue and capitalise

No payments during moratorium - accrued SI is added to your loan principal when EMIs begin.

Course period (e.g., 2 years)No payment
6-month graceNo payment
Interest at EMI start~₹10–11 L accrued
EMI calculated on~₹60–61 L (new principal)
Total cost on ₹50L over 15 yrs~₹95 L
What "capitalisation" means in practice: if you choose Option B, the simple interest that accumulated during your 2.5-year moratorium gets added to your loan principal on the day EMIs begin. On a ₹50 lakh loan at 8.9% with a 2.5-year moratorium, capitalisation typically adds ~₹6–7 lakh to your total cost of borrowing. Option A - paying simple interest as it accrues - sidesteps this entirely.
EMI calculator

SBI Education Loan EMI Calculator

Adjust the sliders to see your exact monthly EMI, total interest, and total repayment amount.

SBI Education Loan EMI Calculator
Adjust any slider - results update instantly
Moratorium interest payment strategy
Loan amount ₹30 Lakhs
₹7.5L₹3Cr
Interest rate (p.a.) 8.4%
7%15%
Course duration (moratorium) 2 years
1yr6yr
Repayment tenure 12 years
3yr15yr
Monthly EMI (after moratorium)
-
-
Principal borrowed
-
SI during moratorium
-
Interest during repayment
-
Total repayment
-
Moratorium ends
-
Loan fully repaid
-
Moratorium period (simple interest only)
Repayment period (EMIs)
Amortisation Schedule
Year / Phase Opening balance Interest charged Principal paid Total paid this year Closing balance
Amortisation table updates automatically when you change the sliders above. Use the button to open in Excel or Google Sheets.
Interest calculator

SBI Education Loan Interest Calculator

The interest calculator below shows your total cost of interest across the loan's complete lifecycle - including the simple interest that accrues during the moratorium period - so you can see the real number you'll pay above and beyond the principal.

Total interest cost - moratorium + repayment combined
Assumes simple interest accrues during moratorium and is paid as it accrues (not capitalised). Adjust to see how the total moves.
Loan amount
₹50 Lakh
Interest rate
8.4%
Moratorium (course + grace)
2.5 years
Repayment tenure
15 years
Principal borrowed
₹50.00 L
Loan disbursed to university
SI during moratorium
₹5.25 L
Paid monthly during course + grace
Interest during EMI phase
₹38.16 L
Built into your 15-year EMIs
Total cost of borrowing
₹93.41 L
Principal + ₹43.41 L interest
How this is calculated: the moratorium interest is the simple interest on roughly half the principal across the moratorium window (since disbursements happen in tranches, the average outstanding balance during the course is approximately half the total loan). Both figures assume the rate stays constant; in practice, your floating rate will move with RBI repo.
Lender comparison

SBI Education Loan Interest Rates vs Private Banks

SBI is a public-sector bank, but the most common alternatives families consider are private banks like HDFC Bank, ICICI Bank, and Axis Bank - all of which offer abroad education loans.

SBI Global Ed-Vantage

Public sector · EBLR-linked
8.4%
Female · Secured (lowest)
Male rate8.9%
Processing fee₹10K flat
Max loan (secured)₹3 Crore
Max tenure15 years
PrepaymentZero penalty

HDFC Bank

Private bank · benchmark-linked
9.5–11%
Typical rate band
Female concessionLimited / NA
Processing fee1% (approx)
Max loan (secured)~₹75 Lakh+
Max tenure15 years
PrepaymentZero on floating

ICICI Bank

Private bank · benchmark-linked
9.85–11.5%
Typical rate band
Female concessionLimited / NA
Processing fee~1% + GST
Max loan (secured)~₹1 Crore
Max tenure10–12 years
PrepaymentZero on floating

Axis Bank

Private bank · benchmark-linked
10.5–12%
Typical rate band
Female concessionLimited / NA
Processing fee~1.5% + GST
Max loan (secured)~₹75 Lakh
Max tenure15 years
PrepaymentZero on floating
A note on private bank rates: the bands shown above are typical published ranges as of May 2026 and can vary by applicant profile, co-applicant income, collateral coverage, and university. Always request a written sanction letter with the exact applicable rate before signing.
Why SBI typically wins on total cost: on a ₹50 lakh, 15-year loan for a female applicant, SBI Global Ed-Vantage Secured at 8.4% works out to a total payable of approximately ₹88 lakh. The same loan at HDFC Bank's ~10% midpoint pushes the total past ₹96 lakh. The difference comes from three places: (1) the lower headline rate, (2) the flat ₹10K processing fee versus 1–1.5% percentage-based fees at private banks, and (3) full pass-through of RBI repo rate cuts under SBI's EBLR linkage.

Discuss with the Education loan team

Frequently asked questions

SBI Education Loan - Rates, Fees & Moratorium FAQs

Answers grouped by what borrowers actually ask.

Showing 1 categories · 4 questions in Rate basics
As of May 2026, SBI Global Ed-Vantage Secured starts at 8.4% p.a. for female applicants and 8.9% for male applicants. The unsecured variant is 8.9% for all applicants. Rates are floating and reset every quarter with RBI repo movements.
Shaurya is 8.9% for female applicants and 9.4% for male applicants, applied uniformly to both the secured and unsecured variants. The variants differ only in loan ceiling (₹1.5 crore secured vs ₹40 lakh unsecured), not in rate.
Floating. All four SBI abroad loan schemes - Global Ed-Vantage and Shaurya, secured and unsecured - are floating-rate. The rate moves with RBI repo. SBI does not offer fixed-rate education loans.
The rate is reviewed every three months from your sanction date. When RBI changes the repo rate, your rate changes the same quarter. Pass-through is full - there's no buffer or partial adjustment under EBLR linkage.
Showing 1 categories · 3 questions in Female concession
It's automatic for female applicants - no separate form or documentation. The concession is applied at sanction and runs for the full loan tenure. Verify your sanction letter explicitly states "0.5% female concession applied" before signing.
It applies on three of the four schemes: Global Ed-Vantage Secured (cuts rate from 8.9% to 8.4%), Shaurya Secured (9.4% to 8.9%), and Shaurya Unsecured (9.4% to 8.9%). On Global Ed-Vantage Unsecured, the published rate is 8.9% for all applicants - the female concession does not apply there.
No. The 0.5% concession is a permanent gap against the male-applicant rate. When the headline rate moves with repo, both rates move together - the 0.5% differential stays constant for the full tenure.
Showing 1 categories · 4 questions in Moratorium & SI
Course duration plus six months. So a 2-year MS gets a 2.5-year moratorium; a 4-year undergraduate degree gets 4.5 years. During this entire period, no EMI is due. EMIs begin the month after the moratorium ends.
Yes - simple interest accrues daily on the disbursed amount. You have two choices: (a) pay this interest as it accrues each month, or (b) let it accumulate, in which case the total accrued interest gets capitalised - added to your loan principal - when EMIs begin.
If you don't service interest during moratorium, the accrued simple interest is added to your loan principal on the day EMIs begin. Your EMI is then calculated on this larger principal, meaning you pay interest on the previously-accrued interest for the entire repayment tenure. For a ₹50 lakh loan with a 2.5-year moratorium at 8.9%, capitalisation typically adds ~₹6–7 lakh to total cost.
It varies by month because disbursements happen in tranches. In early months only the first tranche is disbursed, so the monthly SI is small (often ₹5,000–10,000). As more tranches release, the monthly SI rises - eventually reaching the full SI on the disbursed principal. For a ₹50 lakh loan at 8.9%, the steady-state monthly SI in the later months is roughly ₹37,000.
Showing 1 categories · 3 questions in Fees
₹10,000 + 18% GST = ₹11,800, charged once at sanction. It's a flat fee - same whether your loan is ₹20 lakh or ₹3 crore. This is materially cheaper than private banks that charge a percentage of the loan amount (typically 1–1.5%, which works out to ₹50,000–₹4.5 lakh on the same range).
No. Beyond the processing fee, you may encounter state stamp duty on the loan agreement (₹100–500) and, if you pledge collateral, advocate and valuation fees (~₹5K–15K) plus state-specific mortgage stamp duty. No documentation fee, no NOC fee, no statement fee, no annual maintenance charge.
2.40% p.a. for the first 60 days of default, rising to 5.00% p.a. beyond 60 days, applied only on the overdue portion (not the full loan). Plus ₹500 + GST per EMI bounce. After 90 days the loan can be classified NPA, which damages CIBIL.
Showing 1 categories · 3 questions in Prepayment
Zero. SBI charges no prepayment penalty, no foreclosure fee, no part-payment fee. Prepay any amount on any day - including day one of EMI starting.
Years 1–3 of EMI carry the highest ROI on prepayment because roughly 70% of each EMI in those years is interest. Every ₹1 lakh prepaid in this window saves about ₹2–2.5 lakh in future interest. As you move into later years, the principal share of each EMI grows and prepayment ROI narrows - but it's still net positive at any point.
By default, SBI applies prepayments to reduce tenure, keeping your EMI unchanged. If you'd rather reduce the EMI instead, request it in writing along with the prepayment - most branches will accommodate this.
Showing 1 categories · 3 questions in SBI vs private banks
Three reasons. Lower headline rate (8.4–9.4% vs 9.5–12% for private banks). Lower processing fee (₹10K flat vs 1–1.5% of the loan, which is ₹50K–₹4.5L on real-world loan sizes). Full RBI repo pass-through - SBI's EBLR linkage transmits 100% of repo cuts; private bank benchmarks often pass through less or with delay.
Two situations: speed (some private banks sanction faster than SBI's typical 10–21 days, useful when visa interviews are imminent), and specific bank relationships (if you or your co-applicant has a long-standing relationship with HDFC, ICICI, or Axis, they may offer a marginally better rate than their published band).
Yes - this is called a "loan takeover" and SBI explicitly supports it under Global Ed-Vantage. SBI charges no fee for the takeover. The existing private bank may or may not charge a foreclosure fee (on floating-rate loans they typically cannot, per RBI guidelines). The process takes about 30–45 days end-to-end. WeMakeScholars helps with the takeover paperwork.