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Student Loan

A general higher-education term loan for study in India or abroad, with current floating rates of 9.90% without collateral or 9.40% with collateral, domestic limits up to ₹1 crore in published cases and repayment up to 15 years.

Current published interest rate9.90% p.a. without collateral up to ₹7.50 lakh; 9.40% p.a. with collateral above ₹7.50 lakh; 9.40% p.a. for collateral-backed takeovers above ₹10 lakh; 0.50 percentage-point concession for girl students Published maximum financeFor study in India, standard limits vary by course and NIRF status from ₹30 lakh to ₹75 lakh, with case-by-case limits up to ₹1 crore; study abroad up to ₹7.50 lakh Maximum amountDomestic finance up to ₹1 crore in published cases

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✓ Manually checked 13 Aug 2026 · active

Offered byState Bank of India

India through and -Vidyalaxmi, subject to eligible admission and underwriting

Key facts

What the official sources publish

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

Purpose and study locationEligible higher education in India or abroad after admission; overseas borrowing under this scheme is capped at ₹7.50 lakhView source

Larger overseas loans are directed to Global Ed-Vantage.

Source: Student Loan Scheme
Page / section: Introduction and Courses Covered
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Published maximum financeFor study in India, standard limits vary by course and NIRF status from ₹30 lakh to ₹75 lakh, with case-by-case limits up to ₹1 crore; study abroad up to ₹7.50 lakhView source

The ₹1 crore domestic limit is case-specific, not an entitlement.

Source: Student Loan Scheme
Page / section: Loan Amount
Accessed: 13 Aug 2026
Confidence: high

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SecurityUp to ₹7.50 lakh: parent or guardian co-borrower with no collateral or third-party guarantee; above ₹7.50 lakh: co-borrower plus tangible collateralView source

Insurance is required above ₹7.50 lakh.

Source: Student Loan Scheme
Page / section: Security
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Maximum repayment period180 months after course period plus a 12-month repayment holidayView source

Accrued moratorium interest is added to principal unless serviced.

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

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Borrower marginNil up to ₹4 lakh; above ₹4 lakh, 5% for study in India and 15% for study abroadView source

Scholarships may affect the contribution calculation under sanction terms.

Source: Student Loan Scheme
Page / section: Margin
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Processing feeNil up to ₹10 lakh; ₹5,000 plus GST above ₹10 lakh through ₹20 lakh; 0.50% above ₹20 lakh, capped at ₹25,000 plus GSTView source

The scheme page supplies the controlling education-loan fee bands.

Source: Student Loan Scheme
Page / section: Processing Charges
Accessed: 13 Aug 2026
Confidence: high

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Loan typeEducation loanView source

The official product name identifies this as “ Student Loan”.

Source: Student Loan — official product page
Page / section: Official product name and loan classification
Accessed: 13 Aug 2026
Confidence: high

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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

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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

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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

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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 ↗

CollateralUp to ₹7.50 lakh: parent or guardian co-borrower only, with no collateral security or third-party guarantee. Above ₹7.50 lakh: parent or guardian co-borrower plus tangible collateral security.Effective 7 Sept 2026View source

current page states: up to ₹7.5 lakh requires only a parent/guardian co-borrower; above ₹7.5 lakh requires a parent/guardian and tangible collateral security.

Source: Student Loan Scheme
Page / section: Features — Security
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

Required documentsApplication form; asset-liability statement above ₹7.50 lakh; KYC, PAN, Aadhaar and passport for overseas study where applicable; academic mark sheets and entrance result; admission/offer letter; course-expense schedule; scholarship/free-ship and gap certificates where applicable; co-applicant income proof (salary slip/Form 16 or business proof/latest ITR); six-month bank statements; and title, approval and other security documents when collateral is offered.Effective 7 Sept 2026View source

The page's checklist enumerates application, , academic, income, bank-statement and collateral documents.

Source: Student Loan Scheme
Page / section: Checklist for Education Loan
Accessed: 8 Sept 2026
Confidence: high

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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 ↗

Maximum amountDomestic finance up to ₹1 crore in published casesView source

The manually reviewed product summary states: “Domestic finance up to ₹1 crore in published cases”.

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

Open official source ↗

TenureA general higher-education term loan for study in India or abroad, with current floating rates of 9.90% without collateral or 9.40% with collateral, domestic limits up to ₹1 crore in published cases and repayment up to 15 years.View source

The manually reviewed product summary states: “A general higher-education term loan for study in India or abroad, with current floating rates of 9.90% without collateral or 9.40% with collateral, domestic limits up to ₹1 crore in published cases and repayment up to 15 years.”.

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

Open official source ↗

9.90% p.a. without collateral up to ₹7.50 lakh; 9.40% p.a. with collateral above ₹7.50 lakh; 9.40% p.a. for collateral-backed takeovers above ₹10 lakh; 0.50 percentage-point concession for girl students

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

Study in India or abroad
Collateral-free route up to ₹7.50 lakh
Domestic finance up to ₹1 crore in published cases
15-year repayment
Girl-student rate concession

Eligibility

The applicant must be an Indian national with secured admission to an eligible course.
Higher overseas finance belongs under Global Ed-Vantage.

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

Documents the bank lists

Application and
Academic and admission records
Course-expense schedule
Co-borrower income evidence and bank statements
Collateral and insurance documents where 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₹23,960twenty-three thousand nine hundred sixty rupees

Interest paid over the full loan₹32,50,433thirty-two lakh fifty thousand four hundred thirty-three rupees

Everything you repay₹57,50,433fifty-seven lakh fifty thousand four hundred thirty-three 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.

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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 · 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

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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

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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 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

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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 ↗

Student Loan

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Benefits and features

Eligibility

Documents the bank lists

Related official documents

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Loan repayment estimate

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Complete rates, limits and schedules

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SBI Student 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

Student Loan