Education Loan: Golden opportunity to study abroad, this bank is giving education loan up to Rs 50 lakh without guarantee..

If your child is also planning to study abroad, then the largest public sector bank State Bank of India is offering you an education loan of up to Rs 50 lakh without any guarantee. Apart from this, you can take a loan of up to Rs 3 crore from this bank. SBI is offering study loans to students pursuing courses in foreign institutions through Global Ad-Vantage.

Most students want to make a great career by getting an education abroad, but the biggest challenge in front of students and parents in studying abroad is money. In such a situation, many students are deprived of getting an education abroad.

India's largest bank, State Bank of India is providing you an education loan without guarantee. With this offer from the bank, you will be able to study abroad easily. With this, parents also get rid of the problem of money and they remain worry-free about the fees of their children.

The loan can be available up to Rs 3 crore.

SBI is offering loans to students without guarantee. This loan helps in meeting the entire expenses of the student's studies. This includes tuition fees, books, computers, hostel charges, and other expenses related to studies. You need to know some things about study loans without guarantee. If you are also wondering how to get an SBI education loan and what is the process for it, let us know how you can take a loan of up to Rs 50 lakh without a guarantee from banks.

Loan without guarantee: State Bank of India provides study loans up to Rs 50 lakh without any guarantee from selected institutions.

Repayment period: The bank also gives you more time to repay the education loan. You can repay the loan through EMI for up to 15 years.

Loan amount: Under this, you can take a loan ranging from Rs 50 lakh to Rs 3 crore

Disbursement period: The loan will be approved before receiving Form I-20 or visa.

Tax exemption: Students get exemption on study loans under Section 80 (E) of the Income Tax Act, which provides a deduction in interest paid on education loans obtained for higher education.

Students studying in these countries will get loans: The bank provides loans to students studying in prestigious universities or institutes in the United States, UK, Canada, Australia, Singapore, Japan, Hong Kong, New Zealand, and European countries like Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland and the United Kingdom.

How to apply in the bank for a study loan

To take a loan for studying abroad, you have to decide on a budget. In which university in which country do you want to study? How much will it cost to study in it? Then you can apply to banks or non-banking financial companies by collecting the necessary documents for an education loan. Students can apply for education loans in two ways. One can apply by visiting the official website of the bank or you can also apply for a loan by visiting the nearest branch. Once the documents are verified, the bank will approve and disburse the loan.

These important documents will have to be submitted to the bank

Identity Certificate

Address Proof

Academic Documents

Income Certificate

Bank Details

Photo

PAN Card

Visa Documentation

Standard Test Score

English Proficiency Test Score

Statement of Purpose (SOP)

Biodata/CV

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