Personal, home, vehicle & other loans

Education Loan Takeover

A first-time transfer of an existing standard education loan to , from ₹10 lakh to ₹3 crore, with nil processing fee, scheme-dependent floating rates from 6.90% to 9.40%, and repayment up to 15 years.

Current published interest rateStudent Loan takeover 9.40%; Scholar Loan takeover 6.90%–7.65%; Global Ed-Vantage collateral-backed takeover 9.40%; select Global Ed-Vantage takeover 8.90%–9.40% p.a.Maximum amount₹3 crore; the page publishes a minimum of ₹10 lakh and a maximum of ₹3 crore for a first-time education-loan takeover.Maximum repayment period180 months

Official product page ↗Compare category

✓ Manually checked 13 Aug 2026 · active

Offered byState Bank of India

India for eligible loans held with another bank or financial institution

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

FacilityFirst-time takeover of a standard existing education loan during the course, moratorium or repayment period, with possible documented top-up for further studyView source

The source loan must be standard in the other lender's books.

Source: Takeover of Education Loans
Page / section: Features and Eligibility
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Published takeover range₹10 lakh to ₹3 crore, including eligible outstanding or sanctioned balance, top-up and applicable source-lender prepayment penaltyView source

Top-up is conditional on further-study documentation.

Source: Takeover of Education Loans
Page / section: Loan Amount
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

SecurityCollateral-free where the borrower qualifies under Scholar or select Global Ed-Vantage institution rules; otherwise SBI-acceptable collateral of at least 100% of proposed loan valueView source

Underlying scheme eligibility controls any collateral-free route.

Source: Takeover of Education Loans
Page / section: Security
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Maximum repayment period180 monthsView source

Actual residual or extended term is subject to sanction.

Source: Takeover of Education Loans
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Processing feeNilView source

Source-lender prepayment penalties can be included in eligible takeover amount but are not an processing fee.

Source: Takeover of Education Loans
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

BenchmarkEBR (External Benchmark Rate); SBI states that education-loan rates float for the entire loan period. Current EBR is 7.90% p.a. (Repo Rate 5.25% + spread 2.65%).Effective 9 Jun 2026View source

states that education-loan rates are linked to and float for the entire loan period; the page gives Repo rate 5.25%, spread 2.65% and current 7.90%.

Source: Education Loan Scheme — current rate and publication
Page / section: Education Loan Schemes — Rate of Interest; = Repo Rate + Spread
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Foreclosure chargeNIL in the shared Education Loan KFS contingent-charge table.Effective 8 Jan 2026View source

The table states foreclosure charges, if applicable: NIL.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iii) — Foreclosure charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Penal charges2.40% p.a. on the irregular portion for irregularity up to 60 days; 5.00% p.a. on the outstanding for continuous irregularity beyond 60 days, for the period of irregularity.Effective 8 Jan 2026View source

The separates irregularity up to 60 days from continuous irregularity beyond 60 days and gives the two annual rates.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(i) — Penal charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Floating/fixed switch charge₹500 + GST when switching the loan from floating to fixed rate or vice versa.Effective 8 Jan 2026View source

The lists ₹500 plus for a floating/fixed rate switchover.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv)
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Safe-custody charge₹1,000 + GST per quarter or part thereof when original title deeds are not collected within the prescribed time limit (for example, 60 days from loan closure).Effective 8 Jan 2026View source

The states ₹1,000 plus per quarter or part thereof after the prescribed title-deed collection period.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — Safe custody
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

SI / ECS / PDC failure charge₹500 + GST if an EMI or instalment is not credited within seven days from the ECS, SI or PDC date.Effective 8 Jan 2026View source

The publishes ₹500 plus when an or instalment is not credited within seven days.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — // failure charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

VLP service charge₹200 + GST per education loan sanctioned through VLP.Effective 8 Jan 2026View source

The lists a ₹200 plus service charge for each education loan sanctioned through .

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(v)
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Loan typeFirst-time takeover of a standard existing education loan during the course, moratorium or repayment period, with possible documented top-up for further studyView source

The source loan must be standard in the other lender's books. This is the issuer-published facilityType value shown under the comparison field “Loan type”.

Source: Takeover of Education Loans
Page / section: Features and Eligibility — comparison field: Loan type
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Maximum amount₹3 crore; the page publishes a minimum of ₹10 lakh and a maximum of ₹3 crore for a first-time education-loan takeover.View source

The official page states: Minimum ₹10 Lakh; Maximum ₹3.00 crore.

Source: Takeover Of Education Loans — official product page
Page / section: Loan Amount
Accessed: 14 Sept 2026
Confidence: high

Open official source ↗

Other penal chargesNILEffective 8 Jan 2026View source

The contingent-charge table states: Other penal charges, if any — NIL.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(ii) — Other penal charges
Accessed: 26 Sept 2026
Confidence: high

Open official source ↗

Security document releaseAfter full repayment or settlement of all loan accounts linked to the security, SBI must release the property documents and remove registered charges within 30 days. The owner may collect the original title deeds from the linked RACPC/RASMEC within 30 days of full and final payment; the KFS says safe-custody charges apply if the deeds are not collected within the prescribed period.Effective 8 Jan 2026View source

The states that shall release property documents and remove registry charges within 30 days after full repayment/settlement of all linked loan accounts. It says owners can collect original title deeds from the linked RACPC/RASMEC within 30 days of full and final payment; safe-custody charges apply if they are not collected within the prescribed period.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — Safe custody charges and release of security documents
Accessed: 26 Sept 2026
Confidence: high

Open official source ↗

TenureA first-time transfer of an existing standard education loan to SBI, from ₹10 lakh to ₹3 crore, with nil processing fee, scheme-dependent floating rates from 6.90% to 9.40%, and repayment up to 15 years.View source

The manually reviewed product summary states: “A first-time transfer of an existing standard education loan to , from ₹10 lakh to ₹3 crore, with nil processing fee, scheme-dependent floating rates from 6.90% to 9.40%, and repayment up to 15 years.”.

Source: Education Loan Takeover — official product page
Page / section: Published loan terms in product summary
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Student Loan takeover 9.40%; Scholar Loan takeover 6.90%–7.65%; Global Ed-Vantage collateral-backed takeover 9.40%; select Global Ed-Vantage takeover 8.90%–9.40% p.a.

Source: Education Loan Schemes — current rate of interest page
Page / section: Rate table lines 498–557; product-specific rate lines retained in the evidence table
Accessed: 8 Oct 2026
Confidence: high

Open official source ↗

Benefits and features

Transfer up to ₹3 crore
Rates based on qualifying scheme
No processing fee
15-year maximum tenor
Conditional further-study top-up

Eligibility

Only a fresh first-time takeover is eligible.
The existing loan must be standard with the current lender.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Application and
Current lender sanction, statement and repayment record
Academic and admission records
Income and bank statements
Collateral and insurance documents as applicable

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹23,140twenty-three thousand one hundred forty rupees

Interest paid over the full loan₹30,53,665thirty lakh fifty-three thousand six hundred sixty-five rupees

Everything you repay₹55,53,665fifty-five lakh fifty-three thousand six hundred sixty-five rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableSchemeChoose column

Student Loan · Income evidenceCo-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest

This value is copied from education-loan eligibility and income evidence. Check the table notes before relying on it.

Source: Education Loan Key Facts Statement — common applicant documents · Pages 1–2 — applicant/co-applicant documentation Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 3 columnsSBI education-loan eligibility and income evidenceIncome-document requirements preserved from the official checklists; no universal numeric threshold is published.View tableHide table

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SBI education-loan eligibility and income evidence
Scheme	Income evidence	Numeric minimum income
Student Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Scholar Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Global Ed-Vantage	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Education Loan Takeover	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Skill Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published

The source pages and shared require proof of income but do not publish a universal rupee salary or annual-income floor; no value is inferred.

Education Loan Key Facts Statement — common applicant documents · Pages 1–2 — applicant/co-applicant documentation · effective 8 Jan 2026 · accessed 29 Aug 2026Open official source ↗

Table 2 · 8 rows · 2 columnsSBI Education Loan KFS — contingent chargesPublished conditional and contingent charges from the shared Education Loan KFS. Blank individualized APR and processing-fee inputs are not presented as product values.View tableHide table

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SBI Education Loan KFS — contingent charges
Charge or condition	Published term
Penal charges	2.40% p.a. on the irregular portion for irregularity up to 60 days; 5.00% p.a. on the outstanding for continuous irregularity beyond 60 days, for the period of irregularity.
Other penal charges	NIL
Foreclosure charges	NIL
Floating/fixed rate switch	₹500 + per switchover.
Safe custody of original title deeds	₹1,000 + per quarter or part thereof if deeds are not collected within the prescribed time limit (the gives 60 days from loan closure as an example).
Release of security documents	must release property documents and remove registry charges within 30 days after full repayment/settlement of all loan accounts linked to the security. Original deeds may be collected from the linked RACPC/RASMEC within 30 days of full and final payment; safe-custody charges apply if they remain uncollected after the prescribed period.
// failure	₹500 + if an /instalment is not credited within 7 days of its // date.
service charge	₹200 + per education loan sanctioned through .

Education Loan Key Facts Statement · Page 2, Part 1 items 10(i)–(v) — complete contingent-charge table · effective 8 Jan 2026 · accessed 26 Sept 2026Open official source ↗

Table 3 · 19 rows · 3 columnsSBI education-loan schemes — current published rates and conditionsComplete current source rows transcribed for the product page; values and source order are preserved.View tableHide table

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SBI education-loan schemes — current published rates and conditions
Scheme / variant	Current published rate	Published rate condition
-Vidyalaxmi — Utkarsh	6.90% p.a.	-linked; floating for the full loan term
-Vidyalaxmi — Uttam	7.20% p.a.	-linked; floating for the full loan term
-Vidyalaxmi — Uday	8.40% p.a.	-linked; floating for the full loan term
Student Loan — unsecured up to ₹7.50 lakh	9.90% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Student Loan — secured above ₹7.50 lakh	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Student Loan takeover above ₹10 lakh with collateral	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Scholar Loan — listed institutions	6.90%–7.65% p.a.	-linked; floating for the full loan term
Scholar Loan takeover above ₹10 lakh	6.90%–7.65% p.a.	-linked; floating for the full loan term
Scholar Loan — students admitted to any IIT	6.75% p.a. through 31 December 2026	Time-limited concession; applicable institution and expiry are shown on rate page
Global Ed-Vantage — secured above ₹7.50 lakh through ₹3 crore	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Global Ed-Vantage takeover above ₹10 lakh with collateral	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Global Ed-Vantage — select institutions, unsecured above ₹7.50 lakh through ₹50 lakh	9.40% p.a.	No additional girl-student concession; -linked and floating
Global Ed-Vantage — select institutions, secured above ₹7.50 lakh through ₹3 crore	8.90% p.a.	No additional girl-student concession; -linked and floating
Global Ed-Vantage select-institution takeover above ₹10 lakh	8.90%–9.40% p.a.	-linked and floating
Shaurya — study in India	8.65% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Shaurya — ordinary overseas study above ₹7.50 lakh	8.65% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Shaurya — select overseas institution, unsecured up to ₹50 lakh	8.65% p.a.	No girl-student concession; select institutions follow Global Ed-Vantage collateral-free list
Shaurya — select overseas institution, secured	8.15% p.a.	No girl-student concession; select institutions follow Global Ed-Vantage list
Skill Loan — unsecured up to ₹7.50 lakh	9.40% p.a.	-linked; floating for the full loan term

All education-loan rates on this page are linked to and floating for the full loan term. states Repo Rate 5.25% + spread 2.65% = 7.90%; mean rate for FY27 is 9.31%.
The 6.75% offer for named IIM/BITS/IIFT/ISB/XIM/XLRI campuses expired 30 September 2026. The 6.75% offer for all IITs remains published through 31 December 2026.
The rate page publishes rates, not a separate calculation.

Education Loan Schemes — current rate of interest page · Rate table lines 498–557; effective 9 June 2026; updated 27 July 2026 · effective 9 Jun 2026 · accessed 8 Oct 2026Open official source ↗

Education Loan Takeover

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI Aashray Home Loan

SBI Assured Car Loan

SBI Certified Pre-Owned Car Loan

SBI Combo Home Loan

SBI Education Loan Takeover

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI Aashray Home Loan

SBI Assured Car Loan

SBI Certified Pre-Owned Car Loan

SBI Combo Home Loan

Education Loan Takeover