Education loan for doing MS in USA

I want Zonal office, Mumbai contact person's name and phone number since my daughter's loan application is pending for over 25 days causing delay in other formalities. Sanction ticket is to be obtained early before the Visa interview. Request your early help

SBI (State Bank of India) Student Loan scheme 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.


Another loan scheme is offered for pursuing vocational education and training in India.
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.


Eligible Courses:

SBI Student Education Loan
For studies in India, UG and PG technical courses (degree and diploma) conducted by colleges approved by UGC, AICTE, IMC and the government of India are covered.
Teacher training, nursing courses and diploma courses like - pilot training, shipping etc. as approved by the concerned regulatory authority are covered under the loan.
For studies abroad, job-oriented professional graduate and post-graduate courses like MCA, MBA, MS courses conducted by CIMA London, CPA USA are approved for loan.


SBI Scholar Loan Scheme
Regular full-time degree and diploma courses for admission through merit based admission process or entrance test is covered under the loan.
Full time executive management courses like PGPX are approved for loan.


SBI Vocational Education and Training Loan
Vocational courses and skill development courses of duration 2 months to 3 years run by a government department or an organization supported by National Skill Development Corporation leading to a recognized Government organization are approved for the loan.


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 2 years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian

Can you provide me the educational loan details of Banks in India for studying abroad?

I am providing you with the educational loan details provided by different banks in India for your reference. The quantum and terms of loan vary from Bank to Bank. As far as my knowledge banks provide a maximum amount of 20 lacs as educational loan for a student who wants to study abroad for UG or Pg courses. It includes following things.

Examination /library /hostel charges;
Purchase of books /equipment /uniform;
Cost of two-wheelers (optional).
Tuition fees payable to college/school;
Travel expenses;

Security is normally required for loan amount of more than 4 lacs. Securities can be in following forms.

Land/building
Government Securities/ public sector bonds
Bank deposit in the name of the student, parent/guardian or any other third party with suitable margin.
Units of UTI, NSC, KVP, LIC policy, gold, shares/debentures

Educational loan rate of different banks in India is given for your reference in an image you can use it.




For the rest of the details I am giving a pdf file feel free to download and use it.

Attached Files Available for Download

Education loan detail.pdf (138.8 KB, 27 views)

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Answered By StudyChaCha Member

Can you tell me if SBI (State Bank of India) provide Education Loan for doing MS (Master in Science) in USA (United States of America)?