State Bank of India • education Loan
Check My EligibilitySBI Scholar Loan (Premier Institutes)
Interest Rate8.15% p.a.
Loan Limit₹1 Lakh - ₹40 Lakh
Max Tenure15 Years (180 mos)
Lending Guidelines
Minimum Age18 Years
Maximum Age35 Years
Minimum Credit Score650
Minimum Monthly Income₹0
Processing FeesNil
Target Profiles
salariedself employedbusiness ownerfreelancerretired
Key Features
- 100% financing with zero collateral for IIT/IIM
- Repayment starts 1 year after course completion
- Concession of 0.50% for girl students
Required Documents Checklist
- Admission Letter from IIT/IIM/XLRI etc.
- 10th/12th Marksheets
- Co-applicant PAN/Aadhaar
- Income Proof of Co-applicant