State Bank of India Edu Loan
 

Can you tell me about the eligibility requirement and documentation required to apply for Student Education Loan in SBI (State Bank of India)?

Re: State Bank of India Edu Loan
 

SBI Student Loan scheme of State Bank of India is offered to Indian nations for pursuing higher studies in India or at a foreign institution.

SBI Scholar Loan scheme is offered to students who have secured admissions in premier Indian institutions. A separate loan scheme is offered for pursuing vocational education and training in India.

SBI Education Loan is of three categories for studies in India and abroad, for studies in premier Indian institutions and loan for pursuing vocational education and training.

Eligibility
One should be an Indian national
One should have secured an admission in a recognized educational institution.
For SBI Scholar scheme, one should have secured an admission in one of the 93 premier Indian institutions.
Similarly, for Vocational Education loan, one should have obtained an admission in a government certified training institute.

Documentation Required:
The following documents are to be submitted to complete the application process.
Letter of admission
Duly filled and signed loan application form
2 recent passport size photographs
Statement of cost of study
PAN Card, AADHAR card of student and parent/guardian
Proof of identity and proof of residence
IT returns or IT assessment order of previous two years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian

Amount of Education Loan:
SBI Student Loan Scheme
A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan.
SBI Scholar Loan Scheme