South Indian Bank Education Loan

An abroad education loan is a resource that can help you to pursue your abroad education dreams. There are several lending options available, and among those, one of the lenders is South Indian Bank. It is a private sector bank that can provide you with both secured and unsecured abroad education loans. Let’s look into SIB education loan offerings and related aspects in this blog. 

Overview of South Indian Bank

The South Indian Bank (SIB) is a prominent private sector bank headquartered in Thrissur, Kerala, with 942 banking outlets as of March 31, 2023. Established in 1929, it has been working towards the vision of becoming "the most preferred bank in the areas of customer service, stakeholder value, and corporate governance." In the fiscal year 2021-22, it generated over 7,620 Cr in total revenue. One of its prominent schemes for abroad education loans is called the SIB Global Education Scheme.

South Indian Bank Education Loan Interest Rates

The education loan in South Indian Bank are of different types, which are offered at different interest rates. Refer to the table below for the interest rates:

Compare South Indian Bank Education Loan Schemes for Students

South Indian Bank Education Loan Margin

South Indian Bank Education Loan provides a secured education loan and thus, it has a margin money set for different schemes. Refer to the table below and know the margin money for different schemes:

Eligibility Criteria for South Indian Bank Education Loan 

Here are the eligibility criteria you need to fulfill to qualify for an overseas education loan in South Indian Bank. When applying, the bank may also provide additional specific requirements. The basic prerequisites consist of:

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  Applicable to Indian nationals or NRIs with an Indian passport.
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  Minimum age 18 years and maximum 50 years.
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  All full-time undergraduate, postgraduate, PhD courses and diploma, and skill development courses with a duration of more than 1 year.
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  You should have strong past academic records. 
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  Successful completion of essential exams like IELTS, TOEFL, GRE, or GMAT is mandatory.
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  Admission to a well-regarded international university is necessary.

Expenses Covered by South Indian Bank Education Loan

The various expenditures that will be included when obtaining an overseas education loan from SIB encompass:

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  Tuition fees
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  Accommodation fees
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  Travel costs
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  Living expenses
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  Procurement of educational materials such as books and laptops, among others.
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  Registration or subscription fees for facilities like libraries and laboratories, and similar expenses.
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  Any additional charges or outlays, including security deposits, healthcare expenses, or other essential items.

Features of South Indian Bank Abroad Education Loan

SIB education loan is a favored option for individuals abroad seeking education loans, and the primary reason for this inclination is that it provides numerous benefits, such as higher approved loan amounts, reasonable interest rates, and various additional advantages. Here are the specifics of SIB's overseas education loan:

*Interest Rate as of September 2025

Document Required for South Indian Bank Education Loan

There are several documents that you will be required to submit to get a SIB abroad education loan. These are -

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  Proof of Identity
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  Address
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  PAN of the student as well as the Parents
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  Offer/Admission letter
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  Basic qualification & mark list
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  qualifying exam scorecard
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  Fee structure
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  Affiliations and approval of the course
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  Property-related documents (if secured loan)

Application Process of South Indian Bank Education Loan

There are a few simple steps that you can follow in order to apply for an SIB education loan for abroad studies. These are -

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  Visit the official website of South Indian Bank. 
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  On the homepage, you will see several options at the top. From it select ' Personal Banking’. 
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  A drop-down menu will open in as soon as you take your cursor to the ‘Loan’ option several loan products will be shown from which you need to choose ‘Education Loans’.
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  A new webpage will open that will show several education loan schemes by SIB. In this you have to choose ‘SIB Global Education’.
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  The details of the scheme will start to appear on the page, and when you scroll down a little, you can see the apply now option. 
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  The application form will open, and you need to fill in all the necessary details and submit it to your nearest branch.

South Indian Bank Education Loan EMI Calculator

If you know the South Indian Bank education loan interest rates and want to plan your finances based on your EMI. Then, utilizing an EMI Calculator can be useful as this calculator enables you to adjust multiple parameters such as the moratorium period, repayment tenure, and other flexible loan terms. You can use it and compare it with your future earning potential to make a more informed decision.

However, it is advisable to pay either the full simple interest or the full EMI during the moratorium period. This approach significantly reduces your repayment burden and overall interest payable.

Selecting the right lender is important while planning your education loan. Private banks often provide advantageous terms, especially for education loans for studying abroad. Banks like South Indian Bank (SIB), State Bank of India (SBI), ICICI Bank, and Axis Bank offer competitive interest rates, flexible eligibility criteria, higher loan amounts, favorable margins, and reasonable processing fees.

You can also take the help of GyanDhan experts, who simplify this process by helping you identify and secure the ideal lender. By checking your eligibility through GyanDhan, you can seamlessly obtain your overseas education loan from a reputed private bank, ensuring a smooth and beneficial financial experience.

Frequently asked questions