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Updated 2026 Secured & Unsecured
SBI Global Ed-Vantage scheme
Education loan for study abroad get up to ₹3 Crore. India's most trusted public bank overseas education loan. Collateral-free up to ₹50L for premier universities. Rates from just 8.4%. Pre-approval before your I-20 or visa. Apply in 5 minutes - expert calls within 1 working day.
- ✔ Zero foreclosure charges
- ✔ Pre-approval before I-20
- ✔ Approval in 14 working days
- ✔ Processing fee 10,000 + GST
- ✔ Simple interest during moratorium
₹3 Cr
Max loan amount
8.4%
Interest rate (female)
15 yrs
Repayment tenure
Get Free Loan Assistance
Our expert will call you within 1 working day
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. Available in two variants - Secured (up to ₹3 crore, with collateral) and Unsecured (up to ₹50 lakh, no collateral, for 100 premier listed universities). Interest starts at 8.4% 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: 8.4% – 8.9% 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
Answer below - we'll recommend Secured or Unsecured instantly
Choose your variant
SBI Global Ed-Vantage unsecured & secured differences
Both variants carry the same interest rate. The difference is in loan limit, collateral requirement, and which universities are eligible.
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)
8.9% p.a.
Processing fee
₹10,000 + 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)
8.4% p.a.
Rate (male)
8.9% p.a.
Processing fee
₹10,000 + 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
| 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. | 8.4% p.a. | |
| Rate - male students | 8.9% p.a. | 8.9% p.a. | |
| Collateral & margin | |||
| Collateral required | None | Yes - 90% coverage | |
| Margin money | 10% | 10% | |
| Fees & charges | |||
| Processing fee | ₹10,000 + GST | ₹10,000 + GST | |
| Foreclosure / prepayment | Zero penalty | Zero penalty | |
| Eligibility & access | |||
| University restriction | 100 SBI-listed premier unis | 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's Global Ed-Vantage rates are EBR-linked (floating) - they fall when RBI cuts the repo rate, directly benefiting your repayment.
8.4% p.a.
Female students
Secured Interest Rates
8.9% p.a.
Male students
Secured Interest Rates
8.9% p.a.
Female students
Unsecured Interest Rates
8.9% 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 four SBI education loan eligibility criteria is mandatory for loan approval. Among them, the co-applicant profile and course type are the most common reasons for eligibility 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 option (unsecured variant) is available only for students admitted to one of SBI's 100 approved premier universities.
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
Beyond just tuition, SBI covers virtually every cost of studying abroad. Understanding this helps you request the right loan amount.
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
Adjust the sliders to see your exact EMI, total interest, and total repayment. Includes moratorium impact.
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
-
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
Carry originals + 2 sets of self-attested photocopies to the branch. Incomplete files are returned - prepare everything before visiting.
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
Apply entirely online through WeMakeScholars - SBI's official national digital partner. Minimum branch visits, maximum speed.
2
Expert Calls You
Within 1 working day. We check eligibility & guide on documents
3
Branch Assignment
We assign you to the fastest SBI branch - not just the nearest
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. Do not walk into a small local SBI branch without guidance - it will slow you down. Apply here and we assign the right branch for 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.
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.
★★★★★
PS
Priya Sharma
₹42L sanctioned | Unsecured | 8.4%
"Got my pre-approval letter before my I-20 arrived - this was the biggest relief. The WeMakeScholars team assigned me a branch near my home and my loan was sanctioned in 11 days. Rate came at exactly 8.4% as a girl student. Zero hidden charges."
✔ Pre-approval before I-20 | ✔ 11-day sanction
★★★★★
RM
Rahul Mehta
₹1.2Cr sanctioned | Secured | 8.9%
"LBS was not on the unsecured list so I went with the secured variant. Used my parents' flat as collateral. Total 19 days from application to sanction. ₹1.2 crore at 8.9% - no other bank even came close to this rate for this amount."
✔ ₹1.2Cr secured | ✔ 19-day sanction
★★★★★
AR
Ananya Reddy
₹35L sanctioned | Unsecured | 8.4%
"TU Munich is on SBI's approved list. I applied without any collateral. My father's Form 16 and 6 months bank statement were all the co-applicant documents needed. Got 8.4% as a girl student."
✔ No collateral needed | ✔ 8.4% girl rate
★★★★★
VK
Vikram Kumar
₹48L sanctioned | Unsecured | 8.9%
"I was worried about the ₹50L limit but my total cost of attendance was ₹52L. The expert helped me structure it - ₹48L loan + ₹4L from family scholarship. Got sanction in 13 days."
✔ Smart loan structuring | ✔ 13-day sanction
★★★★★
SM
Sneha Malhotra
₹55L sanctioned | Secured | 8.4%
"HEC is not on the unsecured list but that was fine - I went secured with our flat. ₹55L at 8.4% as a girl student over 15 years. My HDFC quote was 11.2% for the same amount. The total interest saving over 15 years is approximately ₹22 lakh."
✔ Saved ₹22L vs HDFC | ✔ 17-day sanction
★★★★★
AJ
Arjun Joshi
₹38L sanctioned | Unsecured | 8.9%
"Good experience overall. Purdue is on the list. One thing - the first branch I visited said they couldn't process Global Ed-Vantage. The WeMakeScholars team quickly reassigned me to a Scale 2 branch 8 km away. Loan sanctioned in 14 days."
✔ 14-day sanction | ✔ Right branch assigned
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% per annum for male students and 8.4% for female students. These are floating rates linked to SBI's External Benchmark Rate (EBR). An additional 0.5% concession applies if you opt for RiNn Raksha insurance. Always confirm the current rate at sbi.co.in before signing.
Floating. The rate is linked to SBI's EBR (External Benchmark Rate) which moves with the RBI repo rate. When RBI cuts rates, your effective interest rate reduces automatically - a benefit private bank and NBFC fixed-rate borrowers miss.
Female students get a flat 0.5% reduction on the applicable rate - from 8.9% to 8.4%. This concession applies for the full loan tenure, not just the moratorium. 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. A co-applicant (parent, spouse, or sibling) is mandatory. Minimum 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 publish a hard minimum. However, a co-applicant CIBIL score of 700+ significantly improves approval chances and may positively influence the sanctioned amount. A score below 650 often results in delays or reduced loan amount.
A homemaker co-applicant with no income does not provide financial strength to the application. In such cases, SBI may require a third-party guarantor with income proof, or reduce the sanctioned amount. A working parent or spouse is strongly preferred.
Visit sbi.co.in → Personal Banking → Loans → Education Loans → Global Ed-Vantage → Premier Institutions List. Alternatively, use the search tool on this page. If your university is not listed, the secured variant still covers any recognised foreign university.
SBI has approximately 100 premier foreign universities on its approved list for the collateral-free (unsecured) variant. These are typically globally top-ranked institutions across USA, UK, Canada, Australia, Europe, and Asia.
You can still get a Global Ed-Vantage loan - just the secured variant (with collateral). The secured loan covers any recognised foreign university with no list restriction, up to ₹3 crore. Collateral (property/FD/LIC) is required for loans above ₹7.5L.
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 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. This is a hard rule. If your family only owns agricultural land, explore the unsecured variant (if university is listed), or ask a relative with non-agricultural property to offer third-party 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. This is one of SBI's key advantages. The loan is sanctioned before visa confirmation. The sanction letter itself serves as proof of financial backing during your 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 are authorised to sanction Global Ed-Vantage loans. Walking into a small local SBI branch will not work - they cannot process this scheme. Apply through WeMakeScholars and we assign the right branch automatically.
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.
Strongly recommended if your family 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 by approximately ₹3,800/month when repayment starts.
No. Under Section 80E of the Income Tax Act, 100% of the interest paid on an education loan is deductible from taxable income - with no upper cap. This deduction is available for up to 8 consecutive assessment years from the year repayment begins. Available only under the old tax regime.
Whoever is actually repaying the loan can claim the deduction. If the parent/co-applicant is paying EMIs, they claim it. If the student (after employment) pays EMIs, they claim it. Only one person can claim per year.
No. Section 80E deductions are available only under the old tax regime. Factor this when choosing your annual ITR filing option - the 80E deduction can be significant enough to make the old regime more beneficial, especially in the first few repayment years when interest component is highest.
Request an interest certificate (also called a loan interest statement) from your SBI branch at the end of each financial year. This is also available through SBI YONO net banking. Mention this amount under Chapter VI-A, Section 80E in your Income Tax Return.