Terms and conditions

It is important you read this agreement and agree to the same. This website, located at www.sbieducationloan.co.in is owned and operated by “WeMakeScholars EdTech Pvt. Ltd”. The terms "we", "us", "our", and "WeMakeScholars" refer to WeMakeScholars EdTech Private Limited, incorporated in India. The terms “Site”, “this website” refers to “www.sbieducationloan.co.in”.


This Agreement states the terms of use under which you may access and use the website. WeMakeScholars reserves the right to change or update this agreement at any time and in its sole discretion. Any changes will be effective immediately upon posting on the Site. Your continued use of the Site following the posting of changes will constitute your acceptance of such changes. We encourage you to review this agreement whenever you visit this website. If you are dissatisfied with the terms, conditions, rules, policies, guidelines or practices of WeMakeScholars, you may contact us with the reason for your dissatisfaction.

  • About WeMakeScholars:

    WeMakeScholars is the official national digital processing partner of SBI in the abroad education loan segment. This online education loan team will assist you throughout the loan process and help you with any queries related to overseas education loan of SBI, the eligibility criteria, the documents and credentials you require to submit in order to obtain the loan.

  • Disclaimer:
    • The information contained in this website is for general information purposes only. The information is provided by Wemakescholars.com and its freelance helpers, its employees, owners and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
    • In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any other loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
    • Through this website, you are able to link to other websites which are not under the control of Wemakescholars. We have no control over the nature, content and availability of those Sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
    • Every effort is made to keep the website up and running smoothly. However, Wemakescholars.com, its writers, owners take no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
    • Wemakescholars makes no warranty that the Site or the content is free from infection by viruses or anything else that has contaminating or destructive properties.
  • Third Party Content:
    • Third party content refers to goods and services of third parties may be advertised and/or made available on or through this website including links, content and any data furnished by third party.
    • Representations made regarding products and services provided by third parties are governed by the policies and representations made by these third parties. We shall not be liable for or responsible in any manner for any of your dealings or interaction with third parties. If you decide to access linked third-party web sites or use their service or avail the offer or engage in any manner, you can do so at your own risk.
  • Indemnification:

    You agree to indemnify and hold us harmless, our subsidiaries, affiliates, related parties, officers, directors, employees, agents, independent contractors, advertisers, partners, and co-branders from any claim or demand, including reasonable attorney's fees, that may be made by any third party, that is due to or arising out of your conduct or connection with this website or service, your provision of content, your violation of this Terms of Use or any other violation of the rights of another person or party.

  • Documents submission:

    The original documents of the student or the co-applicant or the collateral need not be submitted to the WeMakeScholars- SBI team. Any of such documents should be submitted at the assigned SBI branch directly.

  • Process timeline:

    The process timeline of 14-16 days which is mentioned in this portal www.sbieducationloan.co.in is considering the fact that the applicant has all the necessary documents readily arranged. Even if every document is readily arranged by the applicant, there might be an unfortunate delay in the processing time due to unforeseen circumstances. Any such incident is not done intentionally by the WeMakeScholars- SBI processing team.

  • Cashback:

    The cashback amount of maximum up to Rs. 3000 is offered by WeMakeScholars directly. There is no role of SBI in this cashback process and SBI is liable to any applicant for the same.

  • Cashback process works as below:

    The cashback is NOT given all at once. It is NOT given after sanction. The cashback process is linked with the disbursement of the loan by the student. At every disbursement, the student gets the cashback how much ever is applicable for that particular disbursement as calculated by WeMakeScholars.

  • Cashback limits:

    You will be rewarded with a cashback on multiple disbursements to a maximum of INR 3000, as you are applying for your study abroad education loan via WeMakeScholars.

  • Cashback crediting timeline:

    Please note that the cashback is transferred at particular intervals. There is a verification process done from the bank's side about your disbursement. The cashback cycle is as follows:


    If you have taken the loan from a public bank via WeMakeScholars, then the cashback will be credited as below:

    • Q1= Disbursement done in May/ June/ July= By 30 Sep the cashback will be credited
    • Q2= Disbursement done in Aug/ Sep/ Oct = By 31 Dec the cashback will be credited
    • Q3= Disbursement done in Nov/ Dec/ Jan= By 31 Mar the cashback will be credited
    • Q4= Disbursement done in Feb/ Mar/ Apr= By 30 June the cashback will be credited
  • Referral bonus process works as below:

    The referral bonus is NOT given to the referee all at once. It is NOT given to the referee after sanction too. The referral bonus process is linked with the disbursement of the loan by the referral (the loan applicant). At every disbursement, the referee gets the cashback as per how much his referral has taken for that particular disbursement. The exact amount is calculated by WeMakeScholars.

  • Referral bonus limits:

    The maximum overall referral bonus per successful referral is Rs 3000.

  • Referral bonus crediting timeline:

    Please note that the referral bonus is transferred at particular intervals. There is a verification process done from the bank's side about your referral's disbursement. The referral bonus cycle is as follows:


    If your referral has taken the loan from a public bank via WeMakeScholars, then your referral bonus will be credited as below:

      • Q1= Referral's disbursement done in May/ June/ July= By 30 Sep the referral bonus will be credited
      • Q2= Referral's disbursement done in Aug/ Sep/ Oct = By 31 Dec the referral bonus will be credited
      • Q3= Referral's disbursement done in Nov/ Dec/ Jan= By 31 Mar the referral bonus will be credited
      • Q4= Referral's disbursement done in Feb/ Mar/ Apr= By 30 June the referral bonus will be credited
  • Jurisdiction:

    All license agreements, use or any issues arising out of any activity regarding the use of this website will be governed by the laws of India and subject to exclusive jurisdiction of courts in the State of Telangana.

  • Contact Information:

    If you have any questions about our site as a whole, please feel free to contact us at [email protected]

Privacy policy

We recognize that your privacy is very important and will take it seriously. Hence, we strive to provide a safe, secure user experience. This Privacy Policy describes WeMakeScholars.com’s policies and procedures on the collection, use and disclosure of your information. The terms "we", "us", "our", and "WeMakeScholars" refer to WeMakeScholars EdTech Pvt. Ltd., incorporated in India. The terms “Site”, “this website” refers to “www.sbieducationloan.co.in”.

  • Disclaimer:
    • WeMakeScholars reserves the right to change the privacy policy of the site, at any time and in its sole discretion. Any changes will be effective immediately upon posting on the site. Your continued use of the site following the posting of changes will constitute your acceptance of such changes. We encourage you to review the site Privacy Policy whenever you visit this website.
    • While this Privacy Policy states our standards for maintenance of data, we will make efforts to meet them. There may be factors beyond our control that may result in disclosure of data. As a consequence, we disclaim any warranties or representations relating to maintenance or nondisclosure of data. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
  • Collection of Information and use:
    • We collect information about you when you directly submit it during submitting the form. This information might be used for the purpose of determining your potential interest in receiving email or other communications about particular products or services. 
    • We also gather or may gather certain information about your use of our Site, such as what areas you visit and what services you access. Moreover, there is information about your computer hardware and software that is or may be collected by us. This information can include without limitation your IP address, device type, unique device identifier, browser type, domain names, numbers of pages viewed, length of time spent, date and time and referring or exit websites. We may also capture other data, such as search criteria and results. We also use log files to build pictures of how our Site is used that help us to monitor and improve the service. We cannot identify you from your log files. As we adopt additional technology, we may also gather additional information through other methods.
    • Like many websites, we use "cookies" to enable us to personalize your visits to this website, simplify the signing-in procedure, keep track of your preferences and to track the usage of this Site. Cookies are small pieces of information that are stored in the hard drive of your computer by your browser. Your browser will have the option to prevent websites using cookies (your browser's help screen or manual will tell you how to do this), but please note that this may reduce the functionality of this Site and other websites.
    • You also provide us information in the form of user content you post to the Service. Your posts, comments, and other contributions on the Service, and metadata about them (such as when you posted them), are publicly viewable on the Service, along with your name and basic information. This information may be searched by search engines and be republished elsewhere on the Web. You own complete right on the information you post on this website. But WeMakeScholars has the rights to use this content for promotional or other related purposes.
    • If you correspond with us by email, we may retain the content of your email messages, your email address and our responses.
    • Please remember that if you post any of your personal information in public areas of Wemakescholars, such as in discussion boards, such information may be collected and used by others over whom Wemakescholars has no control. We are not responsible for the use made by third parties of information you post or otherwise make available in public areas of this website.
    • If you choose to use our “Referral” option to invite a friend to the Service, we may ask you for that person's email address/ contact number and automatically send an email invitation.
  • Sharing of information:
    • As we develop our business, we may buy or sell assets or business offerings. Customer, email, mobile number and visitor information is generally one of the transferred business assets in these types of transactions. We may also transfer or assign such information in the course of corporate divestitures, mergers, or dissolution.
    • We may share or disclose your information with your consent in conditions such as if you book tickets for an event through this website. We cannot control third parties\' use of your information.
    • We may disclose your personal information if required to do so by law or subpoena or if we believe that it is reasonably necessary to comply with a law, regulation or legal request; to protect the safety of any person; to address fraud, security or technical issues; or to protect our rights or property.
    • WeMakeScholars may use an external DISQUS comment box plug in provided by DISQUS or any other social media account linked commenting system for users to comment on the content posted on this website. Example of this can be blog but it is not limited to just this. User can comment using their facebook or other social media profiles. Please note that this data (user profile and comment) are not stored on Wemakescholars servers and databases and we have no control over how this data is used and displayed on associated social media networks and their privacy and data usage policies. Moreover, your comments would be visible to all the users (logged in or not logged in) of this website.
    • Your data may be stored and processed in or outside India (for instance, on servers or databases co- located with hosting providers). Your usage of the Site constitutes consent to this transfer of your data.
    • We may share the non-personally identifiable information including the information submitted by you or automatically collected, publicly in the aggregated forms for any purpose including, but not limited to, research and marketing purposes, and our use and disclosure of such information is not subject to any restrictions under this Privacy Policy.
  • Children:

    This site is not intended for children under 13 years of age. We do not knowingly collect personal information from children under 13. If you are over thirteen, but under the legal age of majority, your parent or legal guardian must consent to this Terms of Service and Privacy Policy, and affirm that they accept this Agreement on behalf of, and bear all legal and financial responsibility and liability for the actions of, any child between the age of 13 and majority, and expressly ratify and confirm any acts of any such child and all users of the account.

  • Opt-in policies:

    WeMakeScholars follows a double opt-in policy where after submitting your email address you need to verify it by clicking on a verification link that we would send to you over the given email address. Until the email is verified, you would not receive any communication or newsletter or marketing material from us.

  • Links to other websites:

    Our Site may contain links to other websites over which we have no control and we are not responsible for the privacy policies or practices of other websites to which you choose to link from this website. We encourage you to review the privacy policies of those other websites so you can understand how they collect, use and share your information. This Privacy Statement applies solely to the information we collect on Wemakescholars.com and not to information collected otherwise.

  • Jurisdiction:

    Any dispute or issues arising out of any activity regarding the use of this website will be governed by the laws of India and subject to exclusive jurisdiction of courts in the State of Telangana.

  • Contact Information:

    If you have any questions about this site as a whole, please feel free to contact us at [email protected]