Personal, home, vehicle & other loans

Skill Loan

A collateral-free skill-development term loan from ₹5,000 to ₹7.50 lakh, with a current floating rate of 9.40%, nil margin and processing fee, and repayment from three to seven years by amount.

Current published interest rate9.40% p.a. for unsecured Skill Loan up to ₹7.50 lakh, linked to EBR and floating for the full loan term.Maximum amount₹5,000 minimum to ₹1.50 lakh maximum.Maximum repayment by amountUp to 36 months through ₹50,000; 60 months above ₹50,000 through ₹1 lakh; 84 months above ₹1 lakh

Official product page ↗Compare category

✓ Manually checked 13 Aug 2026 · active

Offered byState Bank of India

India for eligible skill-development courses and institutions

Key facts

What the official sources publish

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

Eligible trainingSkill-development courses at eligible ITIs, polytechnics, NSDC or Sector Skill Council affiliates, state skill bodies, recognized schools or colleges, preferably leading to an NSQF-aligned credentialView source

No minimum course duration is published.

Source: Skill Loan Scheme
Page / section: Courses and Institution Eligibility
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Published loan range₹5,000 to ₹7.50 lakhView source

Eligible education costs determine the sanctioned amount.

Source: Skill Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Security and co-borrowerNo collateral or third-party guarantee; parent or guardian signs as joint borrower, with spouse additionally included where applicableView source

The joint-borrower requirement remains despite no collateral.

Source: Skill Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Maximum repayment by amountUp to 36 months through ₹50,000; 60 months above ₹50,000 through ₹1 lakh; 84 months above ₹1 lakhView source

Moratorium is six months after courses up to one year or 12 months after longer courses.

Source: Skill Loan Scheme
Page / section: Repayment Tenure
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Processing fee and marginNil processing fee and nil marginView source

The page publishes a six-working-day disposal target after receiving a complete application, with stated verification exceptions.

Source: Skill Loan Scheme
Page / section: Timeline and charges
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

BenchmarkEBR (External Benchmark Rate); the education-loan rate floats for the full loan period.Effective 9 Jun 2026View source

The issuer's table identifies and states that the floating rate applies for the full loan period.

Source: Education Loan Scheme Interest Rates
Page / section: -Vidyalaxmi and Skill Loan scheme tables
Accessed: 28 Aug 2026
Confidence: high

Open official source ↗

TenureUp to 36 months through ₹50,000; 60 months above ₹50,000 through ₹1 lakh; 84 months above ₹1 lakhView source

Moratorium is six months after courses up to one year or 12 months after longer courses. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.

Source: Skill Loan Scheme
Page / section: Repayment Tenure — comparison field: Tenure
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Loan typeEducation loan — skill-development financeView source

official page titles this product Skill Loan and places it under Education Loan; the product finances eligible skill-development courses.

Source: Skill Loan — official product page
Page / section: Product title and Education Loan navigation
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 ↗

Maximum amount₹5,000 minimum to ₹1.50 lakh maximum.Effective 20 Feb 2020View source

The current page lists a minimum loan amount of Rs. 5000 and a maximum of Rs. 1,50,000.

Source: Skill Loan Scheme
Page / section: Amount of Loan
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

CollateralNo collateral or third-party guarantee. The parent or guardian executes loan documents with the student as joint borrower; spouse is included as co-applicant where applicable.Effective 20 Feb 2020View source

states that no collateral or third-party guarantee will be taken, while a parent/guardian signs as joint borrower.

Source: Skill Loan Scheme
Page / section: Security
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

Required documentsCompleted application; last qualifying mark sheets; admission, scholarship or studentship proof; course-expense schedule; two passport photographs; PAN and Aadhaar of student and parent/guardian/spouse; six-month borrower bank statement; two years' co-borrower income-tax returns where applicable; co-borrower asset-liability statement; and salary slips/Form 16 where applicable.Effective 20 Feb 2020View source

The page lists the application, academic, identity, account-statement, tax-return and co-borrower income documents.

Source: Skill Loan Scheme
Page / section: Documents Required
Accessed: 8 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 ↗

Current published interest rate9.40% p.a. for unsecured Skill Loan up to ₹7.50 lakh, linked to EBR and floating for the full loan term.Effective 9 Jun 2026View source

9.40% p.a. for unsecured Skill Loan up to ₹7.50 lakh, linked to and floating for the full loan term.

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

Loan from ₹5,000
No collateral or third-party guarantee
Nil margin
Nil processing fee
Seven-year maximum tenor

Eligibility

The applicant must be an Indian national enrolled in an eligible Indian skill course.
A parent or guardian normally joins the loan documents.

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

Documents the bank lists

Application and
Course admission and expense evidence
Academic records where applicable
Co-borrower documents and bank statements

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

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

Scroll sideways to view every column

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 · 2 rows · 3 columnsSBI education and skill loan — published security and document termsSelected rows transcribed from the two current SBI product pages.View tableHide table

Scroll sideways to view every column

SBI education and skill loan — published security and document terms
Product	Published amount/security	Published documents
Student Loan	Up to ₹7.50 lakh without collateral; above ₹7.50 lakh with tangible collateral and parent/guardian co-borrower	Application, //Aadhaar, academic/admission, co-applicant income, six-month statements and security title documents
Skill Loan	₹5,000–₹1.50 lakh; no collateral or third-party guarantee; parent/guardian joint borrower	Application, mark sheets, admission proof, identity documents, six-month statement, co-borrower /assets and income proof

Student Loan and Skill Loan official pages · Security and checklist sections · effective 7 Sept 2026 · accessed 8 Sept 2026Open official source ↗

Table 3 · 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

Scroll sideways to view every column

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 4 · 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

Scroll sideways to view every column

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 ↗

Skill Loan

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 Skill Loan

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

Skill Loan