State Bank Of India

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SBI unveils overseas education loan

Date: 18-03-2016

State Bank of India (SBI) has unveiled 'SBI Global Ed-Vantage' -- an overseas education loan for students who wish to pursue higher education abroad. The SBI Global Ed-Vantage aims to help those who are pursuing full time regular courses in foreign colleges/ universities.

It will cover courses from regular full time graduate/post-graduate/doctorate courses in science, technology, engineering, mathematics, medicine and management in institutions of the USA, UK, Canada, Australia, Europe, Singapore, Japan and Hong Kong. The loan amount is upwards of Rs 20 Lakh to Rs 1.5 crore at up to 80% of cost of course is eligible for financing with a 0.5% concession for girl students and Student will be provided with up to six months post completion of the course to begin re-paying the loan via EMIs.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc