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