Government BankIndia & Abroad
SBI
State Bank of India's flagship education loan for pursuing higher education in India and abroad.
57Match
Overall Score
Interest Rate
8.15% - 10.85%
Per annum
Max Amount
₹1.5 Cr
Subject to eligibility
Moratorium
12 Months
Course duration + grace
Processing
0%
Capped at ₹10k
Advantages & Benefits
- Lower interest rates
- Government subsidies available
- No hidden charges usually
Special Features
Gov. Subsidy
Female Concession
80E Tax Benefit
Limitations
- Slow processing time
- Strict documentation requirements
Hidden Gotchas
- Processing fee might be masked as legal/valuation charges (~₹2,000)
Fine Print & Hidden Clauses
No fine print data available for this lender.
Detailed Specifications
Margin Money10%
Collateral RequiredYes (Mandatory)
DocumentationMedium
Avg. Processing Time15 Days
Prepayment ChargesNil
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