SBI’s Global Education Vantage Scheme
Eligible courses to get loan for study abroad are regular Graduate Degree/Post-Graduate Degree/Diploma/Certificate/Doctorate Courses in any discipline offered by foreign Institutes/Universities in USA, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand and Europe [Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, United Kingdom] will be covered under the scheme.
SBI Global Ed-Vantage is an overseas education loan exclusively for those who wish to pursue full time regular courses at foreign colleges/universities.
1. Fee payable to college/school/hostel. 2. Examination/Library/Laboratory fee 3. Travel expenses/passage money for studies abroad. 4. Purchase of books/equipments/instruments/uniforms/ computer at reasonable cost, if required for course completion and any other expense required to complete the course– like study tours, project work, thesis, etc. can be considered for loan subject to the condition that these should be capped at 20% of the total tuition fees payable for completion of the course. 5. Caution deposit /building fund/refundable deposit supported by Institution bills/receipts the amount considered for loan should not exceed 10% of the tuition fees for the entire course.
Minimum Loan amount is above Rs. 7.50 Lacs and maximum loan amount is Rs. 1.5 Cr
Please check latest Rate of Interest on official site of bank
Checklist of Documents to be submitted along-with duly filled Loan Application Form can be found at official site of SBI.
For more details visit: https://sbi.co.in/web/personal-banking/loans/education-loans/global-ed-vantage-scheme