SBI offers several education loan options for Indian students pursuing studies abroad, including the SBI Global Ed-Vantage loan for amounts over 20 lakh rupees. Key features of the SBI Global Ed-Vantage loan include maximum amounts between 20 lakh to 1.5 crore rupees, interest rates between 8.3-9.3%, maximum tenure of 15 years, and a moratorium period during studies plus 6 months. GyanDhan is an education marketplace that helps students apply for SBI education loans and facilitates the application process.

2. Introduction
The country’s leading nationalized lender, SBI offers 5 different
types of education loans: Scholar Loan, Global Ed-Vantage
Education Loan, Student Loan, Skill Loan, and Take-over of an
education loan. Among them, Global Ed-Vantage and Student
Loan are for study abroad aspirants. For the loans above INR 20
Lakh (which is required in most cases), students have to apply
under the SBI Global Ed-Vantage scheme.

4. SBI Global Ed-Vantage is an overseas education loan given to
students who want to pursue full-time regular courses at foreign
colleges/universities. Key features include:
❏ Maximum Loan Amount- INR 20 Lakh to INR 1.5 Crores
❏ Rate of Interest-
1. 8.80%(Men) / 8.30% (Women) (With Rinn Raksha
Insurance)
2. 9.30%(Men) / 8.80% (Women) (Without Rinn Raksha
Insurance)
❏ Loan Tenure- 15 years (Maximum)

5. ❏ Processing Fee - The processing charges are:
1. Non Refundable Processing Fee INR 11,800 (Including GST) +
Non refundable property valuation charges (varies by state; 4-
8K)
2. On disbursal: 0.2% of the loan amount as Equitable Mortgage
creation charge
❏ Moratorium Period- Course duration + 6 months
❏ Margin Money- The margin money is 10%
❏ Eligible Degrees- The regular graduate/post-graduate/doctorate
courses in any discipline from universities in the USA, UK,
Canada, Australia, Europe, Singapore, Japan, Hong Kong, and
New Zealand

7. From Applicant:
❏ Identity proof
❏ Address proof
❏ Passport Mandatory
❏ Past Academic Record
❏ Test scores (e.g GMAT, GRE, TOEFL, etc.)
❏ Admission Letter (Conditional admission letter is also applicable).
❏ Statement of cost/expenses.
❏ 2 passport-size photographs.
❏ Loan A/C statement of one year, if there is any previous loan from
other banks/lenders

8. From Co-applicant
❏ Identity proof
❏ Address proof
❏ 2 passport-size photographs.
❏ If any previous loan from other Banks/ Lenders, then loan A/C
statement of 1 year.
❏ Legal documents of the collateral/property documents

10. Step:1- Apply Online:
❏ Start with a pre-assessment by checking your loan
eligibility
❏ Our education loan counselor interacts with you to
understand your financing need in detail
❏ Fill a detailed SBI loan application form
❏ We transfer your details to SBI, and you receive an email
from SBI acknowledging your application
Step: 2- Free Doorstep Document Collection:
❏ You can create a customized list of documents by using
our document checklist generator

11. ❏ If you live in Mumbai, Delhi, Pune, Bangalore, Hyderabad,
or Chennai, our representative will visit your home to
inspect & collect the documents to submit to a specialized
SBI branch.
❏ If you are in any other city than the above-
mentioned,you'll either have to upload documents digitally
or our associate will pick them up from your home.
Step: 3- Processing and Approval:
❏ Once all the required documents are submitted, we follow
up with the bank officials to make certain of the timely
progress of your loan application. We track the loan
application at every stage to facilitate its smooth passage.

13. ❏ Branch Selection – We select the apt SBI branch for your
loan process.
❏ Limited Branch Visits – We limit the branch visits to 1
only –for physical ID.
❏ Pre-Visa Disbursement- GyanDhan ensures pre-visa
disbursement, when required, by approaching the senior
management.
❏ Documentation – GyanDhan works with the student,
PSU, and property lawyers to ensure availability of all the
documents

14. ❏ Quicker Process – We have reduced the process to just 12-
15 working days by our technical & process integration.
❏ Higher Chances of Approval - We warrant speedy
resolution and thus considerably increase the chances of loan
approval.

15. Other References

16. ❏ SBI Education Loan
❏ Benefits, Scheme Details, & Process of SBI Abroad Education
Loan
❏ Should You Opt for SBI Life RiNn Raksha Policy?
❏ State Bank of India Education Loans: All The Details You
Need To Know
❏ SBI Education Loan For Abroad Study: Eligibility, Interest
Rate
❏ GyanDhan Brings SBI Education Loans To Your Doorstep
With Their New Service

18. GyanDhan, a study abroad education marketplace, helps
students with various services to make the abroad
education journey hassle free. It was started in 2016 and
have helped thousands of students in admissions &
realizing their abroad education dream.

19. Some Useful Links
GRE Prep
Admission Counselling
IELTS Prep
Check Loan Eligibility
GyanDhan Discussion
Forum
TOEFL Prep

20. To know if you qualify
for an abroad
education loan

21. Contact GyanDhan
● Email: contact@gyandhan.com
● Address: First Floor, 262, Westend Marg,
Saiyad Ul Ajaib Extension, Saket, New Delhi,
Delhi 110030
● Phone: 931 943 1090

22. Thank You