Studying abroad is a dream many students nurture, but the financial reality often hits hard rising tuition fees, living costs, and currency fluctuations can make the dream seem distant. More than 1.3 million Indian students went to study in different countries during 2024, and the number of people applying for loans has gone up by 15% compared to 2023, as per the Ministry of Education data. To make this difference less obvious, the SBI Overseas Education Loan serves as a reliable choice that provides money comfort and easy repayment methods.
Key Features of the SBI Overseas Education Loan 2025
The SBI Education Loan for studying abroad is designed to support students aspiring to pursue higher education in globally recognised institutions. Here are the standout features:
- Loan amount up to ₹1.5 crore for premium institutions.
- The expenses covered are the fees of the school, the travel, the books, the stay, and what is more related to the study.
- Competitive interest rates starting at around 10.15% per annum.
- Repayment period extending up to 15 years after course completion.
- No collateral required for loans up to ₹7.5 lakh; higher amounts may need security.
- A moratorium period is available for the duration of the study and an additional six months after coursecompletion.
The Overseas Education Loan is a great option for students studying in any of the following three levels of undergraduate, postgraduate, or doctoral – in any of the five countries; namely, the USA, the UK, Canada, Australia, and Germany. If you’re planning to study abroad but are unsure where to start, professional guidance can simplify the process. Platforms like Eduloans.org assist students in comparing loan options and choosing the best-fit SBI Overseas Education Loan based on eligibility and university criteria.
Eligibility Criteria for SBI Overseas Education Loan 2025
To apply for an SBI Abroad Education Loan, applicants must meet the following conditions:
- The student should be an Indian citizen aged 18–35 years.
- Admission must be secured in a recognised institution abroad through merit or entrance exams.
- Alongside the applicant, a parent or guardian (co-applicant) with a regular income will be necessary.
- The course should be full-time, professional, technical, or vocational in nature.
If students are concerned about the tardiness of the approval or the complexity of the paperwork, in 2025, the SBI Study Loan procedure has become increasingly transparent and digitized thus the time for the whole process has been shortened considerably.
How to Apply for an SBI Overseas Education Loan
Applying for an study abroad education loan with SBI involves the following steps:
- You will either have to go to the nearest SBI branch and pick up the education loan form and fill it out, or you can apply online on their education loan portal.
- In the loan application, you need to provide honest and accurate details of your studies and finances.
- You can either upload all the required documents or submit them physically if it is an admission letter, the cost of study, financials of a co-applicant, KYC, or academic records.
- Await loan sanction and verification.
- Once approved, funds are disbursed directly to the institution or as per the requirement.
If students want to go abroad and study, they can take an SBI Global Ed-Vantage Loan Scheme that will help them with their education and give them higher limits and flexible repayment options.
Conclusion
With global education becoming more competitive and expensive, the SBI Study abroad Loan is a lifeline for Indian students aiming to study at world-class universities. The loan is packed with features that are very attractive to the students, the repayment is relaxed, and the coverage is extensive; thus, it is counted among the most dependable financing sources for going abroad study.
To make your loan journey easier, Eduloans.org offers personalised support from eligibility checks to documentation and loan disbursal, ensuring a smooth, stress-free experience. Visit their website to find the right education loan and make your study abroad dream a reality.
Financial support and repayment guarantee must be provided by a co-applicant (parent, guardian, or spouse); therefore, it is not possible.
The loan is only for full-time technical or professional studies, but some diploma programs from well-known schools may be eligible.
Under the moratorium, economically disadvantaged students can obtain a Central Scheme for Interest Subsidy subsidy.
The free prepayment at SBI lets students save on interest.
A solid academic background, comprehensive documentation, and register with a consistent income co-applicant can increase loan acceptance.