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Defence Families Only Army · Navy · Air Force · CG · CAPF
SBI Shaurya Education Loan
Your parents have dedicated their lives to protecting the nation, and now SBI dedicates this flagship loan to protect your educational dreams. The SBI Shaurya education loan is specifically designed to support children and spouses of defense personnel in India. Simplify your global education journey with interest rates starting from 8.4%, an exceptionally low margin of 5%, a 6-month grace period, and a loan amount of up to ₹1.5 crore. There is also a variant of the application for studies in India to ensure that you don't miss out on any opportunity. With a streamlined application process and dedicated support, take the next step towards achieving your academic aspirations with confidence.
- ✔ Only 5% margin - not 10%
- ✔ 6-month mortgage grace period
- ✔ Apply from place of posting
- ✔ Pre-approval before visa
- ✔ Zero foreclosure charges
₹1.5 Cr
Max abroad loan
8.4%
Interest Rate Starting from (secured)
5%
Margin money only
Start Your Eligibility Check
SBI Shaurya Education Loan is a specialised SBI education loan exclusively for wards and spouses of Defence (Army, Navy, Air Force), Indian Coast Guard, and Central Armed Police Force (CAPF) personnel. The scheme offers SBI education loans up to ₹1.5 crore at a floating rate starting from 8.4% p.a. (secured). Applicants can also benefit from a range of unique benefits. They get a reduced 5% loan margin for lesser out of pocket costs. A unique 6-month grace period to submit a property mortgage after loan sanction, and the ease of applying from the co-borrower’s place of posting, with no travel required.
Max abroad: ₹1.5 crore
Rate: 8.4%–8.9%
Margin: only 5%
6-month mortgage grace
Any recognised university
Loan takeover permitted
Check your eligibility in 3 questions
Answer below - get your instant Shaurya eligibility verdict
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Who qualifies
SBI Shaurya Education Loan Eligibility
The SBI education loan eligibility for the SBI Shaurya is designed specifically for the wards and spouses of Indian defence and security personnel. The scheme is available to all ranks within the Indian Army, Navy, Coast Guard, and Central Armed Police Forces as long as they have a salary account (DSP) at SBI. Interested applicants should also ensure that they comply with all requirements of the student eligibility criteria.
Indian Army
All ranks - Generals to Jawans. The co-borrower must hold a Salary account with SBI.
Eligible ✓ Indian Navy
All ranks. DSP account with SBI mandatory. Salary must remain with SBI throughout the full loan tenure.
Eligible ✓ Indian Air Force
All ranks. Defence Salary Package (DSP) Diamond/Platinum account with SBI required. Can apply at permanent home or place of posting.
Eligible ✓ Indian Coast Guard
Indian Coast Guard Salary Package (ICGSP) Diamond/Platinum account with SBI required. Same benefits as Army/Navy/Air Force.
Eligible ✓ CRPF · BSF · CISF · ITBP · SSB · NSG
All CAPF (Central Armed Police Forces). CAPF Salary Package account with SBI required at Diamond/Platinum level.
Eligible ✓ Student eligibility criteria
- Ward (child) or spouse of eligible defence/CG/CAPF personnel
- Indian citizen, minimum 18 years of age
- Confirmed admission to a recognised foreign university - full-time course
- Minimum 50% marks in qualifying examinations
- UG, PG, PhD or professional course (MBA, MS, CIMA, CPA, aviation etc.)
- Online-only or distance education programs - not eligible
- Short-term certificate courses under 1 year - generally not covered
Co-borrower requirements (most critical)
- Must be the service personnel (parent/spouse) - not a third party
- The co-borrower must hold a Salary account with SBI
- Can apply at permanent home branch OR current place of posting branch
- Salary account with another bank (PNB, HDFC etc.) - must transfer to SBI first
- Regular SBI account (not DSP/ICGSP category) - does not qualify
If the co-borrower's salary is not currently with SBI: Submit salary account transfer request to your unit's Paymaster/DDO → DDO orders change to SBI → SBI activates DSP account. This typically takes 2–4 weeks. Apply for the loan immediately after the account is activated.
Why Shaurya beats everything else
4 Exclusive Shaurya Education Loan Benefits No Other Scheme Offers
SBI Shaurya Education Loans provide various exclusive benefits that cannot be matched anywhere. Each benefit translates to significant amounts saved in education loan repayment or weeks of hassle removed from the loan sanction process. And all of this is catered specifically for defence families.
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Only 5% margin - not 10%
Global Ed-Vantage requires a 10% margin, while Shaurya requires just 5%. On a ₹60L loan, GEV needs ₹6L from the family, while Shaurya requires only ₹3L. You keep ₹3L more in your bank
₹3.0L saved in margin on a ₹60L loan
2
6-month mortgage grace period
Standard loans require the property mortgage before disbursement. For defence families where the co-borrower may be posted in Ladakh or a border region, this is practically impossible. Shaurya gives you 6 months after sanction to execute the mortgage.
Only education loan with post-sanction mortgage window
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Apply from place of posting
All other education loans require the co-applicant to apply at their permanent home SBI branch. Under Shaurya, the defence personnel can apply at either the permanent home branch OR the SBI branch nearest their current place of posting.
No travel from posting required - unique to Shaurya
4
Loan takeover from any other bank
If your family has an education loan with HDFC Credila, Axis, or any NBFC at 12–15%, you can transfer it to Shaurya at ~8.9–10.15%. On ₹50L remaining balance over 8 years, a 3% rate cut saves approximately ₹9.7L.
Transfer existing high-rate loan - save up to ₹9.7L
Apart from SBI Shaurya, SBI Global Ed-Vantage is another popular SBI education loan scheme designed for students planning to pursue full-time higher education at recognised universities abroad.
Your total Shaurya advantage - live calculation
Adjust your loan amount to see exactly how much more you save with Shaurya vs Global Ed-Vantage secured
Shaurya margin (5%)
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self-fund required
GEV margin (10%)
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self-fund required
Margin saving
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stays in your bank
Total financial advantage
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margin + interest saving
Interest rates 2026
Shaurya Education Loan Interest Rate - Secured, Unsecured
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.
8.4% p.a.
Female students - secured
8.9% p.a.
Male students - secured
8.9% p.a.
Female students - unsecured
9.4% p.a.
Male students - unsecured
How much can I borrow
Shaurya Education Loan for Abroad - Loan limits, Margin and Collateral rules
The loan structure is a crucial part of planning your educational financing. SBI education loans under the Shaurya scheme are designed to support students with flexible funding options, suited to their dream educational destination. Applicants can choose options based on their loan requirements and financial profiles. The table listed below provides comprehensive details of the key features of the Shaurya loan scheme, including maximum loan limits, collateral requirements, and top-up availability. Whether you are planning to pursue higher education in India or abroad, the details will allow you to evaluate the benefits to choose the best loan option. Please check the list and make an informed decision that aligns with your academic goals and financial needs.
Loan limits
Studies abroadUp to ₹1.5 crore
Studies in IndiaUp to ₹40 lakh
Collateral-free limitUp to ₹7.5 lakh
Top-up loan facilityAvailable (within limit)
Margin money
Up to ₹4 lakhNil
Above ₹4 lakh (India)5% of total cost
Above ₹4 lakh (Abroad)5% of total cost
GEV secured (for comparison)10% of total cost
Collateral rules
Up to ₹7.5LNo collateral
Above ₹7.5LProperty / FD / LIC (100–110%)
Mortgage creation window6 months after sanction
Third-party collateralAccepted
What's covered
Shaurya Education Loan Eligible Courses for Study Abroad
Unlike Global Ed-Vantage Unsecured, which is restricted to 100 listed universities, Shaurya accepts any recognised foreign university - no list restriction.
Shaurya education loan is not restricted to any specific university. Any recognised foreign university can be accepted for the sanctioning of the education loan. There are no limitations on the level of degree, type of courses, or stream of study. The scheme also supports professional courses in fields of Chartered Accountancy and Medicine or specialised courses like nursing, aviation, or shipping.
Degree programs
Full-time UG, PG, and PhD at any recognised foreign university
MBA, MS, MCA, MIM, MEM
All disciplines - engineering, medicine, management, law, sciences
MBA, MS, MCA, MIM, MEM
All disciplines - engineering, medicine, management, law, sciences
Professional courses
CIMA London (Chartered Institute of Management Accountants)
CPA USA (Certified Public Accountant)
ICWA, CA, CFA (international)
Medical degrees at recognised institutions abroad
CPA USA (Certified Public Accountant)
ICWA, CA, CFA (international)
Medical degrees at recognised institutions abroad
Specialised courses
Commercial pilot training (DGCA-approved)
Aeronautical engineering programs
Shipping / maritime courses
Nursing programs at recognised institutions
Aeronautical engineering programs
Shipping / maritime courses
Nursing programs at recognised institutions
No university list restriction - key Shaurya advantage
Global Ed-Vantage Unsecured is limited to 100 SBI-listed premier universities only. SBI Shaurya accepts admission to any recognised foreign university - whether it is on SBI's premier list or not. A defence family's child admitted to a mid-ranked US university not on SBI's list still qualifies for the full ₹1.5 crore at Shaurya's preferential rates.
Full expense coverage
What does SBI Shaurya Education Loan Cover
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 fees
Hostel / boarding charges
Examination fees
Library fees
Laboratory fees
Hostel / boarding charges
Examination fees
Library fees
Laboratory fees
Travel & living
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)
Study materials
Books and study material
Equipment and instruments
Laptop / computer
Uniforms
(all capped at 20% of tuition)
Equipment and instruments
Laptop / computer
Uniforms
(all capped at 20% of tuition)
Project & thesis
Study tours
Project work expenses
Thesis-related expenses
Research costs
(capped at 20% of tuition)
Project work expenses
Thesis-related expenses
Research costs
(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 Shaurya education loan
Family travel costs Vehicle (car) purchase Personal shopping Non-course activities Expenses beyond CoA letter
Plan your finances
Shaurya Education Loan EMI Calculator - Calculate Monthly Instalment
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 |
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Amortisation table updates automatically when you change the sliders above. Use the button to open in Excel or Google Sheets.
Document checklist
SBI Shaurya Education Loan Documents Required
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 an 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 (self-declaration if applicable)
Co-applicant - defence-specific documents
- Aadhaar + PAN card
- DSP / ICGSP / CAPF Salary Package account proof (Diamond/Platinum category)
- Latest 3 months salary slips
- Service ID card / Defence identity proof
- Posting order (if applying from posting location)
- Form 16 / ITR (last 2 years)
- 6-month bank statement (DSP salary account)
- Relationship proof (birth certificate / marriage certificate)
- Passport-size photographs (2)
Collateral documents (above ₹7.5L)
- Original title deed / sale deed
- Encumbrance certificate (EC) - last 13 years
- Latest property tax receipt
- Approved building plan (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
Shaurya advantage: You have 6 months after sanction to execute the mortgage registration. No emergency preparation needed.
Step-by-step process
How to Apply for SBI Shaurya Education Loan
At WeMakeScholars - SBI’s official national digital partner- you can experience a smooth and easy application process. We ensure minimum visits and maximum efficiency by ensuring posting-branch allotment, 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
What to do if salary account is not with SBI: Submit a salary account transfer request to your unit's Paymaster / Drawing & Disbursing Officer (DDO) → DDO issues order to change salary to SBI Defence Salary Package account → SBI activates Diamond/Platinum DSP account within 5–10 working days → Apply for Shaurya loan immediately after activation. This process typically takes 2–4 weeks.
After graduation
Shaurya Education Loan Repayment - Moratorium, Prepayment
Understanding the three phases of your loan lifecycle helps you make smart financial decisions - especially during the moratorium period. The Shaurya mortgage grace period uniquely extends the planning window for defence families. 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 accrues. Use Shaurya's 6-month mortgage window if not yet done.
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Phase 2
Grace period
6 months post-course. No EMI. Time to find employment. Simple interest continues.
→
Phase 3
Repayment
EMIs begin. Up to 15 years. Zero prepayment penalty.
Zero
Foreclosure / prepayment charges - repay early, save interest
Simple
Interest during moratorium - not compound - significantly lower cost than NBFCs
Already have a loan?
Transfer your existing education loan to SBI Shaurya - save lakhs in interest
If you have already taken an education loan from a private bank or NBFC at a higher interest rate, you can transfer the loan to SBI Shaurya to reduce your overall repayment burden. SBI Shaurya education loan offers competitive interest rates starting from 8.9%, and moving to it as a lower-cost loan can allow the applicant to optimize their monthly cash flow, reduce long-term interest burden and benefit from SBI’s extensive banking support.
Who should consider loan takeover?
Defence families who already have an education loan from HDFC Credila, Axis Bank, ICICI, Avanse, Auxilo, or any other NBFC at higher interest rates of 12-15% can shift to the Shaurya education loan scheme to avail lower interest rates.
Process:
- Collect existing loan statement + original sanction letter
- Collect NOC from existing lender (if available - not mandatory)
- Approach SBI branch with Shaurya eligibility (DSP account)
- SBI pays off existing lender - new Shaurya loan created
- No foreclosure penalty from SBI side for the new loan
Important: The existing lender may charge a foreclosure fee on the old loan. For most NBFCs charging 2–4%, the saving from Shaurya's lower rate outweighs the one-time foreclosure cost within 12–18 months.
Takeover saving calculator
See how much you save by switching to Shaurya
Remaining loan balance -
Current interest rate -
Remaining tenure -
Total interest saved by switching to Shaurya (8.4%)
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Defence family stories
What defence families say about SBI Shaurya Education Loan
Each story below validates a specific Shaurya benefit - not just generic testimonials.
★★★★★
"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
4.9★
Rating from defence applicants
2,000+
Defence families funded
6
Service branches covered
14 days
Average approval time
₹11L
Avg saving vs private banks
Discuss with the Education loan team
Every question answered
SBI Shaurya Education Loan FAQ - 21 questions across 7 categories
Covers eligibility edge cases, rate queries, collateral rules, application process and more - specific to defence families.
SBI Shaurya Education Loan is a special education loan scheme for wards and spouses of Defence (Army, Navy, Air Force), Indian Coast Guard, and CAPF personnel. The study abroad option offers an education loan of up to ₹1.5 crore at floating rates starting from 8.4% p.a. (secured). You also get additional benefits like only 5% margin money, a 6-month post-sanction mortgage grace period, and the ability to apply from the co-borrower's place of posting.
Yes. All Central Armed Police Forces (CAPF) personnel - CRPF, BSF, CISF, ITBP, SSB, NSG - are eligible for Shaurya. The co-borrower must hold a CAPF Salary Package account at the Diamond or Platinum category with SBI, and the salary must remain with SBI for the full loan tenure.
Yes, provided the retired co-borrower's pension account is with SBI and remains with SBI for the full loan tenure. Ensure that the pension account is under the Defence Salary Package (DSP) category at the Diamond/Platinum level. Approach your SBI branch to verify eligibility for the pension account holder scenario.
The salary or pension account must be transferred to SBI under the Defence Salary Package (DSP/ICGSP/CAPF) category before applying for a Shaurya education loan. Submit a salary transfer request to your unit's Paymaster/DDO → DDO orders the change → SBI activates the DSP account within 2–3 weeks. Apply for Shaurya immediately after activation.
Yes. The co-borrower must hold a Diamond or Platinum category Defence Salary Package (DSP/ICGSP/CAPF) account with SBI - not just a regular SBI savings account. If the account is not at the Diamond/Platinum level, visit the SBI branch to check if an upgrade is possible based on salary structure.
As of 2026, the Shaurya education loan interest rate starts at 8.9% p.a. for male students and 8.4% p.a. for female students (floating, EBR-linked). An additional 0.5% processing fee applies uniformly to students. Unsecured rates are 0.50% higher than the secured rate at 9.4% for male students and 8.9% for female students. Rates are reviewed periodically, which can also be confirmed at sbi.co.in before applying
SBI views the Defence Salary Package as the lowest credit risk in its retail portfolio. A stable government salary, pension guarantee, and institutional backing make default probability very low. SBI passes this reduced risk to the borrower as a lower spread, resulting in approximately a 1% lower rate than Global Ed-Vantage secured for the same loan amount.
Applicants can avail up to ₹1.5 crore for study abroad under the Shaurya Education Loan Scheme. You can also get up to ₹40 lakh for studies in India. A loan amount above ₹40 lakh abroad requires liquid collateral or property (100–110% of the loan value).
SBI has specifically structured the Shaurya scheme to reduce financial barriers for defence families. The margin requirement is 5% (for loans above ₹4 lakh) vs 15% under Global Ed-Vantage secured. On a ₹60L loan, this means the family needs to arrange just ₹3.15L instead of ₹9L - a saving of ₹5.85L in upfront cash.
Yes - Shaurya has a top-up loan facility. If the student commences a second specialised professional course during the moratorium period of the first loan, a top-up education loan can be sanctioned within the overall limit (₹40L in India / ₹1.5Cr abroad). This is subject to security requirements at the aggregate loan limit.
Yes. This is one of Shaurya's most important features. You can apply at the SBI branch near the co-borrower's current place of posting - not necessarily the permanent home branch. There is no need for the service personnel to take leave or travel home just for the loan application.
For loans up to ₹7.5L (no collateral): 7–10 working days from complete file submission. For collateral-based loans above ₹7.5L: 14–20 working days, including property valuation (5–7 days) and legal opinion (5–7 days). Start the application at least 60 days before your university fee payment deadline.
The initial application can be submitted online through WeMakeScholars or SBI YONO app. However, document submission and loan agreement signing require a branch visit - specifically a Scale 2 or Scale 3 SBI branch that handles Shaurya. Apply online first; we assign the right branch for you.
After the Shaurya loan is sanctioned, the co-borrower has 6 calendar months to formally execute and register the property mortgage at the sub-registrar office. Standard loans require this BEFORE disbursement. The 6-month grace is unique to Shaurya - specifically designed for defence families where the service personnel may be posted away from their permanent residence.
Accepted: Residential property (house/flat), commercial property, open plot with boundary, fixed deposit (FD), LIC/life insurance policy, government bonds, and third-party collateral from relatives or friends. Not accepted: Agricultural land. The collateral value must cover 100–110% of the loan amount.
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.
EMIs start after the moratorium period ends - which is your course duration plus 6 months. For a 2-year MS: moratorium = 2.5 years → first EMI due 2.5 years after first disbursement. If the student does not find employment within the grace period, contact the SBI branch before missing any payment to discuss restructuring options.
There are no prepayment or foreclosure charges on the SBI Shaurya education loan, including Shaurya. You can repay partially or fully at any time without penalty. This is a major advantage over NBFCs, which typically charge 2–5% foreclosure fees.