Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Eligible studyProfessional or technical study at an SBI-listed premier Indian institution through entrance or selection, including published full-time degree/diploma, executive-management and selected part-time graduate/postgraduate courses
Source 1Current floating interest rate6.90% to 7.65% p.a.; temporary 6.75% for listed IIM and other named institutes through 30 September 2026 and all IITs through 31 December 2026Effective 9 Jun 2026
Source 2Published finance by institute listWithout tangible security: List AA ₹50 lakh, A ₹40 lakh, B ₹30 lakh and C ₹7.50 lakh; with full-value tangible collateral, need-based for AA/
Source 3Maximum repayment period180 months; EMI begins 12 months after course completion or six months after employment, whichever is earlier
Source 4Financing and margin100% financing
Source 5Processing feeNil
Source 6Benefits and features
- 100% financing
- Collateral-free limits up to ₹50 lakh
- Temporary 6.75% offer for specified institutes
- No processing fee
- 15-year repayment
Eligibility
- The student must be an Indian national admitted through selection to an eligible listed institution.
- Institution list and promotional-rate eligibility should be reconfirmed when applying.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application and KYC
- Academic and admission records
- Course-expense schedule
- Co-borrower documents
- Collateral documents where the secured route is used