SBI's Door Pickup Service for Document Submission
Education Loan

GyanDhan Brings SBI Education Loans To Your Doorstep With Their New Service

GyanDhan Brings SBI Education Loans To Your Doorstep With Their New Service

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Our new service helps you to get SBI Secured Loans in the most easy and hassle-free manner as we pick up all your documents related to SBI Education Loans from your doorstep and then submit them to the branch, thus saving you endless rounds of the bank.

GyanDhan
Aishwarya Bhatt
Updated on:  04 Sep 2024  | Reviewed By:  Aman  | 12.9K | 9  min read

Rita sighed in exasperation when the SBI Bank Manager looked over her sbi documents for an education loan and said, "Madamji, You need the original document for this (inaudible muttering) and then you need to fill the form again." It was her third trip to the SBI and despite her charm and confidence, she still hadn't been able to even submit her application for a secured education loan from SBI.

 

She knew that she could easily have gotten the loan in her hands if she had gone for an unsecured loan from any NBFC in just 3 days. She was persisting with a secured loan or a loan with collateral from SBI because:

  • list items The interest rates were quite low compared to other banks and NBFC's
  • list items She wouldn't have to pay anything in the moratorium period and hence, she would be able to focus on studies instead of worrying about doing numerous part-time jobs to meet the monthly loan EMI.
  • list items In the long run, her secured loan from SBI would prove to be quite economical compared to other easy options.

 

"What a pain. How can this process become student-friendly and easier?" she mused.  

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How Can GyanDhan Help you With its Doorstep Pickup Service?

Yes, it is indeed true that Nationalised Banks offer lucrative terms for their education loans, but the whole journey is littered with road-blocks. Well, we’ve taken a big stride to resolve this monstrosity of a problem by providing Doorstep Pickup of Documents for Secured SBI Education Loans in 6 cities – Delhi, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai. We are the only company authorized to do this, and as always – this is 100% free for students.

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How GyanDhan’s Doorstep Pickup Service Works?

  • list items Application Submission: Your documents will be picked up from your home, then verified and submitted to the SBI (State of India) branch
  • list items Missing Documents: If a document is missing, we will visit you again to pick up the needed documents and submit them in the bank.
  • list items A discrepancy in Documents: If there is any discrepancy in the documents then we will coordinate with the bank and get it sorted out as well. 
  • list items Coordination with Lawyer: We will also coordinate with the lawyer and fast-track the process of discerning the legality of the property
  • list items Coordination with Valuer: Similarly, we will also work closely with the valuer to hasten property valuation
  • list items Only One Branch Visit: The applicant will only need to visit the branch only once so that the bank can verify copies against original docs.
  • list items Coordination with Sanctioning Authority: We’ll also work with the relevant officer to get your loan sanctioned quickly.

 

Get SBI Education Loan From The Comfort Of Your Home with GyanDhan.

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What are the Added Benefits of our Pickup Service?

  • list items Fast-Track: With a partnership at all cogs of the wheel at SBI (State Bank of India), we help to fast-track the whole loan process in the most definite way.
  • list items Save effort: No need to visit branch numerous times, no need to run after sanctioning authorities and beseeching them to sanction the loan, and there is absolutely no need to stress and worry whether all your documents are in order or you need to add some more! Leave all the worries and the stresses for us. You save your effort and get the loan in the most effortless, uncomplicated and relaxed way. 
  • list items Economical: As it is a secured loan, so the interest rates are radically low plus the applicant does not have to pay anything during the moratorium period, which in turn leads to substantial savings in the long run. And to think that you almost withdrew from a secured loan from SBI because it was tedious and cumbersome? Well, not anymore!
  • list items Zero Cost: GyanDhan does not charge any kind of fee for this service. And isn't that a happy thought?

 

In all, we will bring the SBI (State Bank of India) Branch to your doorstep so that you can get your secured education loan in the easiest, hassle-free, and seamless way possible.

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What are the SBI Education Loan Options for Studying Abroad?

Now that the process of applying for education loans is simplified for you by GyanDhan, how about taking the plunge and applying for education from SBI to make your dream come true? Let’s have a look at the education loans available at SBI. SBI offers two education loans for studying abroad -Global Ed- vantage and Student Loan. The salient features of both these loans are listed below:

Features
Global Ed-vantage
Student Loan
Maximum loan amount INR 20 lakh - INR 1.5 crore Unsecured - Up to INR 7.5 lakh
Secured - Up to INR 20 lakh
Rate of Interest 10.05%; 0.5% concession for girls and 0.5 % extra concession for those with SBI Rinn Raksha insurance Policy Up to INR 7.5 lakh: 10.05%
Above INR 7.5 lakh: 10.05%
0.50% concession for girls
Processing Fees ₹ 10,000 + GST NIL
Repayment Tenure Maximum 15 years
Moratorium Period (Repayment Holiday) Course period plus 6 months 12 months post course completion
Margin 10% Up to INR 4 lakh: NIL
Above INR 4 lakh: 15%
Expenses covered Exam/laboratory/library fees, tuition fees, living expenses, travel (round-trip), study material/miscellaneous expenses related to studying, and premium of ‘RiNn Raksha’ insurance
Disbursal norms Tuition fee is directly disbursed to the college and pre-visa disbursal is possible too. Living expenses can either be transferred to the foreign bank account or loaded onto a prepaid card.
Eligible countries UK, USA, Australia, Europe, Canada, Japan, Singapore, Hong Kong, New Zealand
Eligible degrees Regular Graduate/ PG/ Doctorate courses in any discipline Professional/ Technical Graduation, Degree courses/ Post Graduation, Degree and Diploma courses offered by reputed universities; Courses conducted by CIMA, CPA

 

 

 

 

You can get in touch with GyanDhan for any of these loans. When you apply for an education loan through us, not only do you enjoy higher chances of loan approval but are also entitled to flexible repayment conditions and a lower rate of interest. We have helped thousands of students get an SBI loan. Here is what they have to say:

 

“I took my education loan from SBI, and everyone who is reading this is aware of the fact that it usually takes a lot of time and patience to get loan approval from Public Sector/Nationalized banks.I got mine approved in 20 working days through GyanDhan. I came to know about GyanDhan from one of their interns. After signing up with them, the whole loan process got simpler. They called me regularly and kept me updated with the process. If there was any delay in the bank process, they even took the issue to the DGM. I never really had to visit the bank, everything was communicated, and updated to me on the call. I would like to personally thank Vibhav, Kavita, and the whole GyanDhan team. You guys are awesome. Keep up the good work.”

Darshan, Arizona State University

 

Get an SBI Education Loan with GyanDhan here and give wings to your dreams of studying abroad. 
 

Check Your Education Loan Eligibility


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