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Effective Jun 2026 EBLR-linked · Floating Rate

SBI Education Loan Interest Rates

SBI abroad education loan interest rates differ depending on the loan scheme and whether the borrower can provide collateral. For example, if the loan is secured under Global Ed-Vantage, the interest rates are quite low, starting at 8.9% p.a. for female applicants and 9.4% p.a. for male applicants. however, students seeking collateral-free funding can avail loans at 8.9% p.a. For SBI Shaurya education loans for defence families, the interest rate is between 8.4% and 8.9% per annum. All plans come with floating interest rates and a maximum repayment period of 15 years.

  • ✔ 0.5% female student concession
  • ✔ Up to ₹3 crore loan under Global Ed-Vantage Secured
  • ✔ Flat 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST processing fee
  • ✔ Zero prepayment & foreclosure penalty, any time
8.9%
Lowest rate · GEV Secured female applicants
₹3 Cr
Maximum loan under Global Ed-Vantage Secured
₹0
Prepayment & foreclosure penalty

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  • 📉 EBLR-linked floating rate
  • 👩‍🎓 0.5% female concession
  • 💼 Flat 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST processing fee
  • 🚫 Zero prepayment penalty
Quick answer

What is the current SBI abroad education loan interest rate?

Currently, the minimum SBI-published rate for a foreign education loan is 8.9% annually under the SBI Shaurya Secured plan for female candidates, as of Jun 2026. Female candidates on the Global Ed-Vantage Secured plan will have to pay 8.9%, while male candidates on the same plan will pay 9.4%. The Top 100 Universities Global Ed-Vantage Scheme (without collateral) is offered at 8.9% for everyone. The Shaurya plan has a minimum of 8.4% for female candidates and 8.9% for male candidates with collateral, while without collateral is offered at 8.9% for female candidates and 9.4% for male candidates. All four plans have a processing fee of 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST, a repayment period that would not exceed 15 years, and no prepayment or foreclosure penalties.

All four abroad schemes

SBI Education Loan Interest Rates - Complete Scheme Comparison

SBI Education Loan Interest Rate for overseas studies depends on the scheme, collateral, and applicant profile. SBI has four overseas education loan schemes: two each from Global Ed-Vantage and Shaurya Global Ed-Vantage. Students searching for SBI abroad education loan interest rate, SBI overseas education loan interest rate, or SBI Global Ed Vantage interest rate can check and compare these loan schemes to choose the one that best fits their requirements.

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) 8.9% 8.9% 8.4% 8.9%
Interest Rate (Male) 9.4% 9.4% 8.9% 9.4%
For Abroad Studies Yes Yes Yes Yes
Collateral Required Yes No Yes No
Processing Fee 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST 0.5% of loan amount (min ₹10,000, max ₹50,000) + 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

SBI Global Ed-Vantage is the premier education loan program of SBI for Indian students aspiring to study abroad at the higher level. This program is open to Indian nationals who have received an admission letter from a foreign university recognised by the Indian government. Under this scheme, borrowers who provide security can get higher loans. Students who want to borrow without any collateral should apply under the Top 100 Universities Scheme.

In short, women applying for a loan are likely to enjoy the advantage of the secured (collateralised) loan's lower interest rate of 8.9%, compared to 8.9% under the Global Ed-Vantage Scheme (without collateral). This could result in interest savings of approximately ₹2.8 lakh for the 15-year period on a ₹50 lakh loan. On the other hand, male applicants under the Global Ed-Vantage Secured scheme will pay 9.4%. Therefore, a major reason for them to choose a secured loan would be the higher loan limit of up to ₹3 crore.

Secured · with collateral

Global Ed-Vantage Secured

Property, FD, or LIC policy pledged as security

Female applicant
8.9%
Male applicant
9.4%
Maximum loan amount₹3 Crore
Collateral acceptedProperty / FD / LIC
Processing fee0.5% of loan amount (min ₹10,000, max ₹50,000) + 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
9.4%
Maximum loan amount₹50 Lakh
Collateral acceptedNone
Processing fee0.5% of loan amount (min ₹10,000, max ₹50,000) + GST
Maximum repayment15 years
Best forNo property, faster processing
The decision in one line: for female applicants, the secured variant is 0.5% cheaper (8.9% 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 9.4% - 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

SBI Shaurya Education Loan is an education loan product of State Bank of India, which is meant for the children of those serving in the Indian Armed Forces, Coast Guard, and Central Armed Police Forces (CAPF). This scheme is offered in both secured and unsecured forms. The interest rate varies between secured and unsecured loans, with secured loans providing not only a higher financing limit but also a lower interest rate.

Secured · with collateral

Shaurya Scheme Secured

For wards of defence, coast guard, CAPF personnel

Female applicant
8.4%
Male applicant
8.9%
Maximum loan amount₹1.5 Crore
Collateral acceptedProperty / FD / LIC
Processing fee0.5% of loan amount (min ₹10,000, max ₹50,000) + 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 fee0.5% of loan amount (min ₹10,000, max ₹50,000) + GST
Maximum repayment15 years
EligibilityDefence / CG / CAPF wards
If you are eligible for both Shaurya and Global Ed-Vantage, it is better to make a detailed comparison. For instance, Shaurya offers two different interest rates, one for secured loans and the other for unsecured loans. So, female borrowers pay 8.4% (secured) and 8.9% (unsecured), whereas males pay 8.9% (secured) and 9.4% (unsecured). Thus, giving a security with Shaurya not only raises your loan limit but also gives you a chance to get a lower rate of interest. On the other hand, Global Ed-Vantage Secured is ideal for female borrowers at 8.9%, but you need to provide collateral if you want to get that rate.
Female applicant concession

SBI Education Loan Female Interest Rate Benefits

To the female applicants, SBI offers a 0.5% interest rate discount with three of its four overseas education loan schemes. This perk is given automatically, meaning that there is no need for a separate application or additional documents. After that, the concession will be available for the entire loan period, which can go up to 15 years, thereby reducing the total repayment amount.

How the 0.5% female discount works

It is at the time of sanction that the discount is applied, and the sanction letter will have a record of the same. It is effective throughout the repayment period; no annual review or profile re-check is done, and the only document required is the standard KYC, which is submitted at the time of loan origination.

Since the base rate is a floating one (it changes with the RBI's repo rate), the 0.5% difference between female and male applicant rates remains the same even when the headline rate changes. Thus, if the repo rate increases and the male rate becomes 9.4% on Global Ed-Vantage Secured, the female rate changes to 8.9% in the same quarter, and the difference is maintained.

Before you sign, always check that your sanction letter explicitly states "0.5% female concession applied". A few branches sometimes miss giving the concession, especially on the Shaurya variants, and it is much easier to point it out on the day of signing rather than after disbursement.

Where the 0.5% concession applies
Global Ed-Vantage Secured
Up to ₹3 Crore · collateral required
9.4%
8.9%
Global Ed-Vantage Unsecured
Up to ₹50 Lakh · no collateral
9.4%
8.9%
Shaurya Scheme Secured
Up to ₹1.5 Crore · collateral required
8.9%
8.4%
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 8.9%
₹50,538
Monthly EMI for a male applicant at 9.4%
₹2,80,800
Total interest saved over the 15-year tenure
Moratorium mechanics

SBI Education Loan Simple Interest During the Moratorium Period

One of the features of any SBI abroad education loan is the availability of a moratorium period during which no payment is due for the entire duration of the course, plus six months after the completion of the course. In this period, simple interest is charged on the loan amount at the same rate as the SBI education loan interest rate for abroad. Having a good understanding of how interest is calculated during the moratorium and whether you decide to pay it as it accrues or not can drastically change the total cost of your loan as well as your future EMIs. Students also have the option to use an SBI education loan interest rate calculator to foresee such expenses.

Phase 1 · Course period
During your degree

Loan instalments are given out in portions each semester or year. Interest, which is calculated on the principal (Disbursed amount), will begin to accrue daily on each disbursed portion from the date of the loan release. At this stage, there is no requirement to pay any EMI.

Phase 2 · 6-month grace
After course completion

Once you are done with your course, SBI gives you a 6-month grace period during which the loan interest accrues on the whole disbursed principal amount at a simple interest rate. You still don't have to pay any EMI.

Phase 3 · Repayment
EMIs begin

Once the grace period is over, EMIs start. The original principal will be determined at this point by a decision you took during Phase 1, either you made the simple interest payments as it was due, or you decided to let it accumulate.

Two paths for handling simple interest during the 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
The practical meaning of "capitalisation": for instance, if you pick Option B, the interest earned during your 2.5-year moratorium period will be considered as the principal amount of your loan on the day you start paying EMIs. For a loan of ₹50 lakh at the rate of 8.9% with a 2.5-year moratorium, capitalisation usually increases by around ₹6- 7 lakh to your overall borrowing cost. Option A, settling the simple interest as it accrues, completely avoids this.
EMI calculator

SBI Education Loan EMI Calculator

Estimate your monthly EMI, total interest payable, and overall repayment amount as per the applicable SBI education loan interest rate for abroad using the SBI education loan interest rate calculator.
You will receive a repayment projection tailored to you by moving the sliders accordingly.

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.) 8.9%
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

SBI Education Loan Interest Calculator will give you a clear idea about the total cost of interest over the entire period of the loan. It will also cover the simple interest accumulated during the moratorium period. This is helpful for those students who are checking the SBI education loan interest rate for foreign study since it considers both the moratorium-period interest and the repayment-phase costs.

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
Calculation method: Moratorium interest is calculated as simple interest on the average amount (half of the principal) for the whole moratorium period (because disbursements are made in parts, the average loan balance during the course is almost half the total amount).
Both numbers are based on the assumption that the rate does not change; however, your floating rate will vary with the RBI repo rate.
Lender comparison

SBI Education Loan Interest Rates vs Private Banks

When it comes to financing your education abroad, SBI education loan interest rates are generally compared with those of private lenders like HDFC Bank, ICICI Bank, and Axis Bank. As a public-sector bank, SBI is mainly recognised for offering well-planned schemes and fixed interest rates. On the other hand, private banks also offer loans for higher education abroad with their own eligibility criteria, interest rate structures, and processing methods.

SBI Global Ed-Vantage

Public sector · EBLR-linked
8.9%
Female · Secured (lowest)
Male rate9.4%
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 Jun 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.

Here is the main reason why the State Bank of India tends to be the cost leader: a woman, who is a borrower, takes a loan of ₹50 lakhs for 15 years; the SBI Global Ed-Vantage Secured at 8.9% would typically be cheaper in total repayment than many private-bank counterparts. On the other hand, the same loan at HDFC Bank's ~10% rate would take the total amount to more than ₹96 lakhs. The reason for the difference is mainly these three things: (1) the headline rate being lower, (2) SBI charging a processing fee of 0.50% of the loan amount (Minimum ₹10,000 and Maximum ₹50,000) + GST. While the private banks charge 1- 1.5% based on the loan amount, and (3) SBI gives the full benefit of the RBI rate cuts through the EBLR link.

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 Jun 2026, SBI Global Ed-Vantage Secured starts at 8.9% p.a. for female applicants and 9.4% for male applicants. The unsecured variant is 9.4% for all applicants. Rates are floating and reset every quarter with RBI repo movements.
Shaurya is 8.4% for female applicants and 8.9% 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 9.4% to 8.9%), Shaurya Secured (8.9% to 8.4%), 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
Processing Fee: 0.5% of loan amount (min ₹10,000, max ₹50,000) + GST, 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.