Education Loan 

SBI Scholar loans | Interest Rates | Courses | Documents | Information

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SBI Scholar loan scheme offered at interest rates of 9.45% for LIST AA Institutes. Information on Scholar loan scheme below:

  • 100% Financing
  • Interest Rates – 9.45% – 11.00%
  • NO Processing Fee
  • Quick sanction at Designated Campus Branch or more than 5000 Selected Branches all over the country
  • Repayment period of upto 15 years after Course Period + 12 months of repayment holiday

Apply for Education Loan

Full Name

Country of Study

Course of Study

Co-borrower’s* Income

Email ID

Residence City

Course Name

Required Loan Amount

Mobile Number

Applicant’s Income Status

* Co-borrower : Relative with good income who can support your education loan application. Typically it can be your Father, Mother, Brother, Sister, Spouse, Cousin, Paternal Uncle (Chacha), Paternal Aunt (Chachi), Maternal Uncle (Mama), Maternal Aunt (Mami), Grandfather, Grandmother

Courses Covered

  • Regular full time Degree/ Diploma Courses through entrance test/ selection process.
  • Full time Executive Management Courses like PGPX
  • No Certificate/ Part time courses

Expenses Covered

Fees payable to College/School/Hostel
Examination/ Library/ Laboratory fees
Purchase of Books/Equipments/Instruments
Caution deposit / building fund/ refundable deposit supported by Institution bills/ receipts [not to exceed 10% of the tuition fees for the entire course].
Travel expenses/expenses on exchange programme ^
Purchase of computer/laptop ^
Any other expenses related to education ^
^
1. No voucher/ receipt required, purpose (end use) need to be self-certified.
2. Expenditure not to exceed 25% of the loan amount (upto a lumpsum amount of max Rs. 1 Lac).
3. Expenditure beyond 25% cap permitted subject to production of voucher/ receipt.

Documentation Required

  • Letter of admission
  • Completely filled Application Form
  • 2 passport size photographs
  • PAN Card of the student and the Parent/ Guardian
  • Proof of identity (driving licence/passport/PAN/any photo identity)
  • Proof of residence (driving licence/passport/electricity bill/phone bill)
  • Statement of expenses
  • Student/Co-borrower/ guarantor’s bank account statement for last 6 months
  • IT return/ IT assessment order, of last 2 years
  • Brief statement of assets & liabilities of the co-borrower
  • Proof of income (i.e. salary slips/ Form 16)

List of Institutes for Loans

SBI SCHOLAR LOAN SCHEME- LIST OF INSTITUTIONS LIST AA INSTITUTIONS Upto Rs. 30Lacs without collateral

  1. Indian Institute of Management(IIM), Ahmedabad
  2. Indian Institute of Management(IIM), Calcutta
  3. Indian School of Business(ISB), Hyderabad
  4. Indian School of Business(ISB)-Mohali Campus
  5. Xavier Labour Relations Institute (XLRI), Jamshedpur

LIST A INSTITUTIONS Upto Rs. 20 Lacs without collateral, upto Rs. 30 Lacs with collateral

  1. Indian Institute of Management(IIM), Kashipur
  2. Indian Institute of Management(IIM), Ranchi
  3. Indian Institute of Management(IIM), Rohtak
  4. Indian Institute of Management(IIM), Shillong
  5. Indian Institute of Management(IIM), Trichy
  6. Indian Institute of Management(IIM), Udaipur
  7. Indian Institute of Management(IIM), Bangalore
  8. Indian Institute of Management(IIM), Indore
  9. Indian Institute of Management(IIM), Kozikode
  10. Indian Institute of Management(IIM), Lucknow
  11. Indian Institute of Management(IIM), Raipur
  12. Indian Institute of Management (IIM), Sirmaur (Himachal Pradesh)
  13. Indian Institute of Management (IIM), Amritsar
  14. Indian Institute of Management (IIM), Bodhgaya (Patna)
  15. Indian Institute of Management (IIM), Visakhapatnam
  16. Indian Institute of Management (IIM), Nagpur
  17. Indian Institute of Management (IIM), Sambalpur
  18. Indian Institute of Technology (IIT),, Kanpur Department of Industrial & Management Engineering, IIT Kanpur
  19. Indian Institute of Technology (IIT),Mandi
  20. Indian Institute of Technology (IIT), Patna
  21. Indian Institute of Technology (IIT),Roopnagar
  22. Indian Institute of Technology (IIT),Roorkee
  23. Indian Institute of Technology (IIT),Bhubaneshwar
  24. Indian Institute of Technology (IIT), Chennai
  25. Indian Institute of Technology (IIT), Delhi Dept of Management Studies (IIT), Delhi
  26. Indian Institute of Technology (IIT),Gandhinagar
  27. Indian Institute of Technology (IIT), Hyderabad
  28. Indian Institute of Technology (IIT), Indore
  29. Indian Institute of Technology (IIT), Jodhpur
  30. Indian Institute of Technology (IIT),Kharagpur
  31. Indian Institute of Technology (IIT), Guwahati
  32. Indian Institute of Technology (IIT), Mumbai SJSOM, IIT – Mumbai
  33. IIT Varanasi (earlier IT BHU -Banaras)
  34. Indian Institute of Technology (IIT), Tirupati
  35. Indian Institute of Technology (IIT), Goa
  36. Indian Institute of Technology (IIT), Bhilai
  37. Indian Institute of Technology (IIT), Palakkad
  38. Management Development Institute (MDI), Gurgaon
  39. Management Development Institute (MDI) – Murshidabad
  40. Birla Institute of Technology & Sciences(BITS) – Pilani
  41. BITS (Pilani) Goa Campus
  42. BITS (Pilani) Hyderabad Campus
  43. Indian School Of Mining – Dhanbad

LIST B INSTITUTIONS Upto Rs. 20 Lacs without collateral

  1. Bharathidasan Institute of Management (BIM)- Tiruchirapalli
  2. Goa Institute of Management (GIM), Goa [Post Graduate Diploma in Management]
  3. Indian Institute of Foreign Trade (IIFT), Delhi
  4. Indian Institute of Foreign Trade (IIFT), Kolkata Campus
  5. Indraprastha Institute of Information Technology (IIIT), Delhi
  6. International Management Institute (IMI), New Delhi
  7. Institute of Management Technology (IMT), Ghaziabad
  8. Kasturba Medical College (KMC), Manipal
  9. Marine Engineering & Research Institute, Kolkata
  10. Mudra Institute of Communication (MICA), Ahmedabad
  11. National Institute of Industrial Engineering (NITIE), Mumbai
  12. NarseeMonjee Institute of Management Studies (NMIMS), Mumbai
  13. S P Jain Institute of Management and Research (SPJIMR), Mumbai
  14. Symbiosis Centre For Management & HRD (SCMHRD), Pune
  15. Symbiosis Institute of Business Management (SIBM), Pune
  16. Xavier Institute of Management (XIM), Bhubaneswar
  17. Xavier School of Rural Management (XSRM), Bhubaneswar
  18. Xavier school of Human Resource Management (XSHRM), Bhubaneswar

LIST C INSTITUTIONS UptoRs. 7.5 Lacs without collateral, upto Rs. 30 Lacs with collateral

  1. Birla Institute of Technology (Mesra), Ranch
  2. Centre for Environmental Planning & Technology (CEPT), Ahmedabad
  3. Chandragupt Institute of Management, Patna
  4. College of Engineering , Pune
  5. Delhi College of Engineering (DCE), Delhi
  6. DhirubhaiAmbani Institute of Information & Communication Technology (DAIICT), Gandhinagar
  7. Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar
  8. Faculty of Engineering & Technology, Jadavpur University, Kolkata
  9. Faculty of Management Studies (FMS), Delhi
  10. Indian Institute of Forest Management (IIFM), Bhopal
  11. Indian Institute of Science (IISc), Bangalore
  12. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
  13. L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
  14. Loyola Institute of Business Administration (LIBA), Chennai
  15. Malaviya National Institute of Technology (NIT), Jaipur
  16. Manipal Institute of Technology (MIT), Manipal
  17. Maulana Azad National Institute of Technology (NIT), Bhopal
  18. Motilal Nehru National Institute of Technology (NIT), Allahabad
  19. National Institute of Technology (NIT), Agartala
  20. National Institute of Technology (NIT), Calicut
  21. National Institute of Technology (NIT), Durgapur
  22. National Institute of Technology (NIT), Hamirpur, Himachal Pradesh
  23. National Institute of Technology (NIT), Jamshedpur
  24. National Institute of Technology (NIT), Kurukshetra
  25. National Institute of Technology (NIT), Patna
  26. National Institute of Technology (NIT), Raipur
  27. National Institute of Technology (NIT), Rourkela
  28. National Institute of Technology (NIT), Silchar
  29. National Institute of Technology (NIT), Srinagar
  30. National Institute of Technology (NIT), Surathkal
  31. National Institute of Technology (NIT), Tiruchirapalli
  32. National Institute of Technology (NIT), Warangal
  33. National Institute of Technology (NIT), Tadepalligudem
  34. National Law School of India University (NLSIU), Bangalore
  35. National University of Juridical Sciences (NUJS), Kolkata
  36. National Institute of Food Technology Entrepreneurship and Management (NIFTEM), Sonepat
  37. NetajiSubash Institute Of Technology (NSIT), Delhi
  38. Nirma Institute of Management, Ahmedabad
  39. SardarVallabh Bhai National Institute of Technology (NIT), Surat
  40. School of Planning & Architecture, New Delhi
  41. T. A. Pai Management Institute (TAPMI), Manipal [Post Graduate Diploma in Management (PGDM)]
  42. University College of Engineering (UCE), Burla, Odisha

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