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Updated 2026 Secured & Unsecured
SBI Global Ed-Vantage scheme
The flagship SBI foreign education loan scheme, SBI Global Ed-Vantage, is the perfect choice for students planning for studies abroad. As one of the most trusted public banks, SBI offers unparalleled benefits and ease of operation for students. With education loans up to ₹3 Crore, collateral-free loans up to ₹50L for premier universities, and interest rates from just 8.9%, the SBI education loan is the best option for you to consider. And with WeMakeScholars, you can avail pre-approval before your I-20 or visa. Apply today, and you will get a call from our expert within 1 working day.
- ✔ Zero foreclosure charges
- ✔ Pre-approval before I-20
- ✔ Approval in 14 working days
- ✔ Processing fee 0.5% of the loan amount (min ₹10,000, max ₹50,000) + GST
- ✔ Simple interest during moratorium
₹3 Cr
Max loan amount
8.9%
Interest rate (female)
15 yrs
Repayment tenure
Start Your Eligibility Check
SBI Global Ed-Vantage is a specialised SBI education loan for abroad studies offered by the State Bank of India for Indian students pursuing full-time courses at recognised foreign universities. It is Available in two variants: Secured (up to ₹3 crore with collateral) and Unsecured (up to ₹50 lakh, no collateral, for 100 premier listed universities). The SBI education loan interest rate starts at 8.9% for female students (floating, EBR-linked). No EMI during the moratorium period (course duration + 6 months)—no foreclosure charges.
Loan: ₹7.5L to ₹3 Crore
Rate: 8.9% – 9.4% p.a.
Collateral-free up to ₹50L
Any UG / PG / PhD abroad
15-year repayment
Pre-approval before I-20
Find your right loan variant in 3 questions
Fill out the options below to find out the best loan recommended for you, instantly.
Choose your variant
SBI Global Ed-Vantage unsecured & secured differences
There are two loan variants, unsecured and secured. The SBI education loan interest rate offered is the same for all applicants, although the rates for male and female students differ. The main difference, however, lies in the upper limit of loan amounts, the collateral requirements, and the universities eligible under the loan scheme.
The unsecured variant of the SBI education loan has an upper limit of ₹50 lakhs, whereas a secured variant provides a much higher ceiling of ₹3 crore. Both of these loans are disbursed at the same interest rate, but the secured variant requires collateral valued at 110% of the loan amount. Understanding these differences will allow you to make an informed decision based on financial preferences and expectations.
No collateral neededMost popular 2026
Global Ed-Vantage - Unsecured
Collateral-free loan for premier foreign universities
Max loan
₹50 lakh
Collateral
Not required
Rate (female)
8.9% p.a.
Rate (male)
9.4% p.a.
Processing fee
0.5% of the loan amount (min ₹10,000, max ₹50,000) + GST
Margin money
10%
Repayment
Up to 15 years
University
100 listed only
Best for: Students without property, admitted to MIT, Stanford, UCL, NUS, TU Munich or any of the 100 SBI-approved premier universities
Apply for Unsecured Loan → Collateral required
Global Ed-Vantage - Secured
High-value loan for any recognised foreign university
Max loan
₹3 crore
Collateral
Property / FD (90%)
Rate (female)
8.9% p.a.
Rate (male)
9.4% p.a.
Processing fee
0.5% of the loan amount (min ₹10,000, max ₹50,000) + GST
Margin money
10%
Repayment
Up to 15 years
University
Any recognised
Best for: Students needing above ₹50L, or whose university is not on the premier list - any US/UK/EU university accepted
Apply for Secured Loan → Complete parameter comparison - SBI Global Ed-Vantage secured vs unsecured
The table below provides a comprehensive comparison of the unsecured and secured variants of the SBI Global Ed-Vantage education loan.
| Parameter | Unsecured | Secured | |
|---|---|---|---|
| Loan amount | |||
| Minimum loan | ₹7.5 lakh | ₹20 lakh | |
| Maximum loan | ₹50 lakh | ₹3 crore | |
| Interest rates | |||
| Rate - female students | 8.9% p.a. | 8.9% p.a. | |
| Rate - male students | 9.4% p.a. | 9.4% p.a. | |
| Collateral & margin | |||
| Collateral required | None | Yes - 90% coverage | |
| Margin money | 10% | 10% | |
| Fees & charges | |||
| Processing fee | $0.5% of the loan amount (min ₹10,000, max ₹50,000) + GST | $0.5% of the loan amount (min ₹10,000, max ₹50,000) + GST | |
| Foreclosure / prepayment | Zero penalty | Zero penalty | |
| Eligibility & access | |||
| University restriction | 100 SBI-listed premier universities | Any recognised university | |
| Processing time | 7-10 working days | 14-20 working days | |
| Repayment | |||
| Moratorium period | Course + 6 months | Course + 6 months | |
| Max repayment tenure | 15 years | 15 years | |
Apart from SBI Global Ed-Vantage, SBI also offers the SBI Shaurya Education Loan scheme for children of defence and armed forces personnel planning to pursue higher education abroad.
Interest rates 2026
SBI Global Ed-Vantage Secured & Unsecured Interest Rates
SBI education loan interest rate is floating and is linked to the Reserve Bank of India’s Repo Rate through EBLR (External Benchmark Lending Rate). This means that SBI automatically lowers the lending benchmarks in relation to central bank repo rates, ultimately benefiting you by reducing your interest rate. Lower rates lead to lower EMI rates, ensuring that you pay less out of your pocket. The primary benefit of having an EBLR-linked loan is that the bank automatically ensures an interest rate deduction without negotiations or approvals. This allows you to benefit from favourable interest rate movements even if you are not aware of them. The transparent pricing system allows you to evaluate the details of your loan at any point in time.
8.9% p.a.
Female students
Secured Interest Rates
9.4% p.a.
Male students
Secured Interest Rates
8.9% p.a.
Female students
Unsecured Interest Rates
9.4% p.a.
Male students
Unsecured Interest Rates
Rates shown are indicative as of 2026. SBI revises EBR periodically based on RBI repo rate decisions. Always confirm the current applicable rate with your financial officer.
Who can apply
SBI Global Ed-Vantage Eligibility Criteria
Meeting all the SBI education loan eligibility criteria is crucial for loan approval. Listed below is a comprehensive list of eligibility criteria for the student and the co-applicant. Ensuring that you meet the stipulated requirements in advance can help you streamline and expedite the application process, ensuring faster processing of your SBI education loan. You are expected to have the stamped original documents for all your academic results and qualifications, university offer, and financial details, along with 2 self-attested photocopies for each of them. Please check the list below thoroughly before applying to minimise the possibility of loan rejection.
Student eligibility
- Indian citizen, minimum 18 years of age
- Secured admission - full-time UG, PG, or PhD at a recognised foreign university
- Minimum 50% marks in Class 10, Class 12, and graduation (if applicable)
- Course must be regular mode - conducted on-campus at the university
- Online-only or distance education programs are not eligible
- Short-term certificate courses under 1 year are generally not eligible
Co-applicant requirements
- Parent, spouse, or sibling - co-applicant is mandatory
- Indian citizen with stable income and good CIBIL score (700+ preferred)
- Income proof required: salary slips, ITR, bank statements
- Co-applicant signs as joint borrower - equally responsible for repayment
- Grandparent as sole co-applicant - case-specific, branch discretion
- Co-applicant with poor CIBIL or high existing debt - may reduce sanctioned amount
Eligible countries for SBI Global Ed-Vantage
🇺🇸 USA
🇬🇧 UK
🇨🇦 Canada
🇦🇺 Australia
🇩🇪 Germany
🇸🇬 Singapore
🇫🇷 France
🇳🇱 Netherlands
🇨🇭 Switzerland
🇯🇵 Japan
🇳🇿 New Zealand
🌐 Other
Some countries may not be eligible for non-collateral loans- please check with your financial officer.
100 premier institutions
SBI Global Ed-Vantage approved university list - check if your university qualifies
The collateral-free variant of the SBI Global Ed-Vantage education loan is available to students who are admitted to one of SBI’s 100 approved premier universities. This option provides greater accessibility for students who qualify, as it eliminates the need to pledge property or other assets as security. By confirming your university’s eligibility beforehand, you can avoid delays in the application process and better understand the loan amount available under the scheme. Reviewing the approved university list early also helps you plan your education finances more effectively. Please verify that your university is mentioned in the top 100 list by checking the list below.
Search your university
Type your university name to check if it's on SBI's approved list for collateral-free loan
University not on the list?
You still qualify for SBI Global Ed-Vantage Secured up to ₹3 crore - collateral required. Any recognised foreign university is eligible.
Complete coverage
What does SBI Global Ed-Vantage loan cover - complete list of expenses
SBI education loan covers virtually all aspects of your study abroad journey. This includes, but is not limited to, tuition and academic fees, travel expenses, living costs, project, thesis, and research costs, institutional deposits, and other incidental costs. Thoroughly understanding the extent of your financial support is crucial to ensure that you are not stranded on any aspect of your study abroad journey. Please find the detailed list below to ensure that you take full advantage of the benefits provided.
Tuition & academic fees
College / university tuition
Examination fees
Library fees
Laboratory fees
Hostel / boarding charges
Examination fees
Library fees
Laboratory fees
Hostel / boarding charges
Travel & living abroad
Airfare / travel expenses
Accommodation abroad
TCS on LRS remittances
Contingency expenses (up to 5% of tuition)
Accommodation abroad
TCS on LRS remittances
Contingency expenses (up to 5% of tuition)
Academic materials
Books and study material
Equipment and instruments
Laptop / computer
(all capped at 20% of tuition)
Equipment and instruments
Laptop / computer
(all capped at 20% of tuition)
Project & thesis costs
Study tours
Project work expenses
Thesis-related expenses
(capped at 20% of tuition)
Project work expenses
Thesis-related expenses
(capped at 20% of tuition)
Institutional deposits
Caution deposit (refundable)
Building fund
Institutional receipts required
(capped at 10% of tuition)
Building fund
Institutional receipts required
(capped at 10% of tuition)
NOT covered by SBI Global Ed-Vantage
Family travel costs Vehicle purchase Personal shopping expenses Expenses beyond CoA letter Non-course activities
Plan your finances
SBI Global Ed-Vantage EMI calculator - calculate your monthly repayment
The SBI education loan calculator is the best tool for you to check your exact EMI based on your total interest, repayment term, and moratorium period. Calculate and check the best possible EMI that works for you.
SBI Education Loan EMI Calculator
Adjust any slider - results update instantly
Moratorium interest payment strategy
Monthly EMI (after moratorium)
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Principal borrowed
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SI during moratorium
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Interest during repayment
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Total repayment
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Moratorium ends
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Loan fully repaid
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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.
Document checklist
SBI Global Ed-Vantage documents required - complete checklist
Documentation is one of the most important steps in your study abroad journey. You are expected to carry all your original documents and 2 self-attested photocopies of each to your allotted branch. Lack of credible and available documents is one of the biggest reasons for loan delays or rejections. So, double-check the list of documents required for education loan in SBI below to ensure that the process is smooth and convenient for you.
Student documents
- Aadhaar card (original + copy)
- PAN card
- Valid passport (mandatory for abroad)
- Class 10 marksheet + certificate
- Class 12 marksheet + certificate
- Graduation marksheets (semester-wise)
- GMAT / GRE / IELTS / TOEFL scorecard
- Admission / offer letter (final, not provisional)
- Fee structure / Cost of Attendance (CoA) letter
- Passport-size photographs (2)
- Gap certificate (if study gap)
- Visa copy (if already received)
Co-applicant documents
- Aadhaar + PAN card
- Passport-size photographs (2)
- Address proof (Aadhaar / voter ID / utility bill)
- Last 3 months salary slips
- Form 16 (last 2 years)
- ITR (last 2 years with computation)
- Last 6 months bank statement (salary account)
- Employment certificate / offer letter
- Relationship proof (birth / marriage certificate)
- Asset-liability statement (for loans above ₹7.5L)
- For self-employed: ITR + balance sheet + GST certificate
Collateral documents (secured only)
- Original title deed / sale deed
- Encumbrance certificate (EC) - last 13 years
- Latest property tax receipt
- Approved building plan (from local authority)
- Property valuation report (SBI-approved valuer)
- NOC from housing society (if flat)
- For FD: Original FD receipt + lien letter
- For LIC: Policy document + assignment deed
Agricultural land is not accepted as collateral under any SBI education loan scheme.
Step-by-step process
How to apply for SBI Global Ed-Vantage loan - step by step
At WeMakeScholars - SBI’s official national digital partner- you can experience a smooth and easy application process. We ensure minimum visits and maximum efficiency, all for you.
2
Expert Calls You
Within 1 working day. We check eligibility & guide on documents
3
Branch Assignment
We assign you to the nearest and fastest possible SBI branch
4
Loan Sanctioned 🎉
Visit the Branch to receive your sanction letter & disbursement
Important: Only Scale 2 and Scale 3 SBI branches can process Global Ed-Vantage loans. A smaller local SBI branch would not be able to provide you with the necessary details. Apply with us, and we will ensure that the right branch is assigned to you.
After you graduate
SBI Global Ed-Vantage repayment - moratorium, EMI and prepayment explained
Understanding the three phases of your loan lifecycle helps you make smart financial decisions - especially during the moratorium period. It allows you to prepare for the EMI deductions, manage funds, and ensure that you don't miss payment deadlines.
Phase 1
Moratorium
Course duration. No EMI. Simple interest only. Optional to pay SI - strongly recommended.
→
Phase 2
Grace period
6 months after graduation. Still no EMI. Time to find employment before repayment starts.
→
Phase 3
Repayment
EMIs begin. Up to 15 years. Zero prepayment penalty. NACH auto-debit.
Zero
Foreclosure / prepayment charges - repay early, save big
Simple
Interest during moratorium - not compound, unlike most NBFCs
Pro tip: If your family can pay the simple interest that accrues during the moratorium period, your principal stays unchanged when EMIs begin. On a ₹40L loan at 8.9% over a 3-year moratorium, this saves approximately ₹3.2 lakh from being capitalised - reducing your EMI by approximately ₹4,200/month.
Verified student reviews
What students say about SBI Global Ed-Vantage
Real reviews from students who applied through WeMakeScholars - India's official SBI partner.
★★★★★
"I would like to express my sincere gratitude to my counselor Anuja Ajay at WeMakeScholars for the outstanding support and guidance throughout my education loan journey which I applied in SBI Bank . From the initial consultation to the final loan approval, she was always patient, responsive, and willing to clarify every doubt I had.
Their professionalism, encouragement, and constant follow-ups made what could have been a stressful process feel smooth and manageable. I truly appreciate the time and effort they invested in helping me secure my education loan.
Thank you so much for your dedication and support. I highly recommend WeMakeScholars to any student looking for reliable guidance with the education loan process."
I highly recommend WeMakeScholars to any student
★★★★★
"My experience securing an education loan from SBI through WeMakeScholars was highly efficient, reflecting the organization's strong support system for students.
A key part of this smooth process was the assistance of Palak Gupta, who managed my case with great diligence. She was consistently proactive and available, ensuring that the extensive bank documentation moved forward without any unnecessary delays. Throughout the process, Palak proved to be highly informative, explaining complex requirements clearly while maintaining an extremely professional demeanor.
I am truly grateful for her assistance and highly recommend WeMakeScholars for their reliable and professional service."
I highly recommend WeMakeScholars
★★★★★
"My experience securing an education loan from SBI through WeMakeScholars was highly efficient, reflecting the organization's strong support system for students.
A key part of this smooth process was the assistance of Krishanu Singh, who managed my case with great diligence. He was consistently proactive and available, ensuring that the extensive bank documentation moved forward without unnecessary delays. Throughout the process, Krishanu proved to be highly informative, explaining complex requirements clearly while maintaining an extremely professional conduct.
I am grateful for his assistance and highly recommend WeMakeScholars for their reliable service."
My experience with securing an education loan was highly efficient
★★★★★
"I have received educational loan for my higher studies in Italy through wemakescholars. Financial officer Kavinyavikasini Karuppuchamy was really helpful from the beginning till the end. She made sure I got all the documents ready for applying and gave me SBI as my loan preference. She patiently responded to all my queries and was quick in action. I got my SBI loan sanction letter in 1 week. The Relationship manager Stalin Sir for SBI loan guided me throughout the process with patience and provided me with quick guidelines for all my requirements as per the country I am going for study. Over all, wemakescholars has made a tedious process real simple with proper guidance and quick assistance. I'm grateful for your help wms team!"
wemakescholars has made the process real simple with proper guidance
★★★★★
"I had an excellent experience with WeMakeScholars while applying for my education loan for studying abroad. Special thanks to FO Mohammed Razil, who guided me throughout the process. Initially, other banks suggested a collateral-based loan, but he recommended SBI and provided clear instructions on how to proceed. Whenever there were delays, he promptly followed up and helped move the process forward. Thanks to his support, my loan was sanctioned smoothly. The entire team was professional, responsive, and highly supportive. Highly recommended for students planning to study abroad!"
They promptly followed up and helped move the process forward
★★★★★
"Recently, I have got my sanctioned letter from IDFC Bank and also in a process with SBI. In this process the Maitri Mahi (Financial Officer) of Wemakescholar's Company helped me a lot and also guided me whenever it was necessary. They always first understand the current situation of student and then help them to accordingly. I will recommend everyone to get help with wemakescholars if you want best loan deal or scholarships, and for Loan process specially contact Maitri Mahi she will help you in your worst case without backing down."
Always understands the current situation of student and then help them
★★★★★
"I had a very positive experience while arranging my education loan for studying abroad. The overall process was straightforward and well coordinated.
I visited the SBI regional office about two weeks before my university deadline to complete the required paperwork for the loan sanction, while also uploading my financial documents on the PM Vidyalakshmi portal. The process moved smoothly and I was able to obtain the sanction letter within the required timeline.
Vimal from WeMakeScholars was orchestrating the process and ensuring that all the steps and documentation were progressing properly. Sripal from SBI guided me through the bank-side procedures required for the education loan sanction.
With their coordination and support, my loan was sanctioned at 8.9% per annum as a non-collateral education loan, which helped me meet my university submission deadline.
Overall, it was a smooth and professional experience, and the guidance provided throughout the process was very helpful for navigating the education loan formalities."
The overall process was straightforward and well coordinated.
★★★★★
"I got my education loan sanctioned through WeMakeScholars, and special thanks to Rimsha for guiding me throughout the process, she was patient, responsive, and really helpful.
One suggestion for students: please double-check the sanctioned amount calculations with your bank before accepting the loan. In my case, SBI mistakenly used the TT Buy rate instead of the TT Sell rate and also miscalculated my tuition fees, which led to a lower sanctioned amount than expected.
While Rimsha and WeMakeScholars provided great support, I’d strongly recommend students to re-calculate and verify the sanctioned amount with the bank officials to avoid surprises later."
she was patient, responsive, and really helpful.
★★★★★
LO
"Getting my education loan approved through SBI was a seamless experience, all thanks to WeMakeScholars. Knowing that they are a government-supported platform under the Ministry of IT gave me complete confidence in their services. From start to finish, Skandan managed my case with great professionalism—making sure I was updated at every step, offering the right advice, and handling the entire process without any complications.
What stood out the most was that their support came at absolutely no cost. I genuinely recommend WeMakeScholars to any student planning to study abroad and looking for a smooth, trustworthy, and efficient loan process through SBI."
What stood out the most was that their support
4.8★
Google Rating
1,200+
Verified reviews
13,000+
Students funded
₹2,400Cr+
Disbursed
14 days
Avg. approval time
Discuss with the Education loan team
Frequently asked questions
SBI Global Ed-Vantage scheme - all your questions answered
27 questions across 7 categories. Every common doubt covered.
The current interest rate is 8.9% p.a. per annum for female students and 9.4% p.a. for male students. These floating rates are linked to SBI's External Benchmark Rate (EBR). An additional 0.5% processing fee and other costs also apply. Always confirm the current rate at sbi.co.in before signing.
The SBI Global Ed-Vantage interest rate is floating. It is linked to SBI's EBR (External Benchmark Rate), which is influenced by the RBI repo rate. When the RBI cuts rates, your effective interest rate reduces automatically - a benefit private banks and NBFC fixed-rate borrowers miss.
Female students get a flat 0.5% reduction on the applicable rate - from 9.4% to 8.9%. This concession applies for the full loan tenure, not just the moratorium. For eg, on a ₹40L loan over 12 years, this saves approximately ₹1.8 lakh in total interest.
Students who opt for SBI RiNn Raksha loan protection insurance (or assign any existing life insurance policy in favour of SBI) get an additional 0.5% rate concession. A girl student with RiNn Raksha gets 7.9% - the lowest possible effective rate under this scheme.
Indian citizens aged 18+ who have secured confirmed admission to a full-time undergraduate, postgraduate, or doctoral program at a recognised foreign university are eligible for the loan scheme. A co-applicant (parent, spouse, or sibling) is mandatory, along with a minimum of 50% marks in qualifying examinations.
Some sources indicate OCI cardholders residing in India may be considered. However, the primary eligibility is for Indian citizens. Confirm with the SBI branch or a loan expert, as this is subject to branch-level discretion.
SBI does not have a minimum limit for CIBIL scores. However, if the CIBIL score of the co-applicant is over 700, it significantly improves the chances of approval and can positively influence the sanction amount. A score below 650 can result in delays or reduced loan amounts.
A homemaker with no external source of income does not constitute a valid co-applicant profile. In such cases, SBI might ask for a third-party guarantor with income proof or reduce the sanctioned amount. An employed parent or spouse is a preferred co-applicant.
SBI maintains an up-to-date list of the top 100 universities and premier institutions. Admission offers from these universities guarantee that you can avail all the benefits of the SBI Global Ed-Vantage scheme. Please find the list of the top 100 universities here.
At any given point in time, there are at least 100 premier foreign universities in the SBI-approved list for the unsecured loan variant. The universities are selected for their global rank and prestige from the USA, UK, Canada, Australia, Europe, and Asia. The list is updated based on the yearly ranking and can be changed. Please check the eligibility of your university before applying.
In case your university is not on the approved list of top 100 universities, then you can avail the secured variant of the SBI Global Ed-Vantage scheme. The secured loans cover any recognised foreign university with no restrictions and provide loans up to ₹3 crore. Please note that collateral property (FD/LIC) is required for you to avail of this.
Accepted: Residential property (house/flat), commercial property, open plot with boundary, fixed deposit (FD), LIC/life insurance policy, government bonds. Not accepted: Agricultural land, property with a disputed title, fully mortgaged property.
Yes - third-party collateral from relatives, friends, or any person is explicitly accepted under Global Ed-Vantage Secured. The third-party property owner must execute the mortgage deed and provide all property documents.
No. Agricultural land is explicitly not accepted under any SBI education loan scheme, with no exceptions. If you have only agricultural land as collateral, please explore the unsecured variant (if a university is listed), or ask a third party with non-agricultural property to offer collateral.
SBI requires collateral covering at least 90% of the loan amount. For a ₹60L loan, the property must be valued at a minimum of ₹54L. The valuation is done by an SBI-approved valuer - not self-assessed.
No, you do not need an approved visa before loan sanctioning. SBI offers a strategic advantage where you get your loan sanctioned before visa approval. The loan sanction letter is used as proof of financial backing during the visa application and interview.
Unsecured (no collateral): typically 7–10 working days from complete file submission. Secured (with property): 14–20 working days, with additional time for property valuation (5–7 days) and legal opinion (5–7 days). Apply at least 60 days before your fee deadline.
Only Scale 2 and Scale 3 SBI branches can process Global Ed-Vantage loans. A smaller local SBI branch would not be able to provide you with the necessary details. Apply with us, and we will ensure that the right branch is assigned to you.
Yes - the application can be started online via the WeMakeScholars portal or SBI YONO app. However, document submission and loan agreement signing require a branch visit to an authorised Scale 2/3 branch.
EMIs start after the moratorium period ends - which is your course duration + 6 months. Example: 2-year MS course → moratorium = 2.5 years → EMIs begin 2.5 years from the date of first disbursement.
Zero prepayment or foreclosure charges. You can repay the loan partially or fully at any time without any penalty. This is a significant advantage over NBFCs and private banks that typically charge 2–5% foreclosure fees.
It is strongly recommended if you can afford it. On a ₹40L loan at 8.9% over a 3-year moratorium, the accrued SI is approximately ₹10.7L. Paying this during the course prevents it from being added to your principal, reducing your EMI proportionately when repayment starts.