Get up to ₹50 lakh SBI Education Loan 2025, without collateral for abroad studies. No parental income required! Check eligibility, interest rates, repayment terms & more.
Today in This Post – Damini Jain, Co-founder of We Make Scholars Explains,
Video courtesy goes to Damini Jain, Co-founder of We Make Scholars
Introduction
In multiple of my videos in the past four years, I have spoken about the fact that SBI is planning to launch a non-collateral loan product. Yes, it took us four years to convince them, but now, it’s a new scheme under which SBI can give up to 50 lakh without collateral for studying abroad.
Features of SBI Education Loan 2025 Product
No Consideration of Parent’s Income
- One very interesting feature of the SBI education loan product is that it does not consider your parent’s income at all.
- It does not matter whether you are going to a top university or not.
- SBI has overall dropped its rate of interest by 1%.
Funding and Support
- We Make Scholars was started in 2015 with funding and support from the Ministry of Electronics and IT, Government of India.
- We help students with scholarships and education loans for higher education abroad.
- Instead of watching random bloggers, trust us for accurate information!
How to Get Accurate Information?
- If any bank staff in your city is not accepting the information shared by us, we are just a call away!
- Call us, and we will speak to the bank staff and guide them to the exact page of their internal bank circular.
New SBI Education Loan 2025 Scheme Details
| Feature | Details |
|---|---|
| Loan Amount | Up to 50 lakh without collateral |
| Collateral Requirement | Required if loan exceeds 50 lakh |
| Eligible Universities | Top 100 universities (updated quarterly) |
| Interest Rate | 10.15% (without collateral), 9.65% (with collateral) |
| Co-applicants | Parents, spouse, in-laws, sibling (if no parents) |
| Processing Fees | Rs. 10,000 + GST (Rs. 11,800 total) |
| Coverage | Up to 90% of expenses |
| Repayment Period | Up to 15 years |
| Moratorium Period | 6 months after course completion |
Loan Terms & Conditions-SBI Education Loan 2025
Loan Amount
- SBI can offer up to 50 lakh without collateral as per SBI Education Loan 2025
- If the required amount is beyond 50 lakh, collateral is mandatory for the entire amount.
Collateral Requirements
- If the loan amount exceeds 50 lakh, collateral must be provided for the entire amount.
- Accepted collateral types:
- Immovable Properties: House, flat, or land (110% of loan amount required)
- Liquid Securities: FD, LIC policies, and government bonds (100% of loan amount required)
Eligible Universities for SBI Education Loan 2025
- Currently available only for the top 100 universities.
- The list is updated quarterly, with 30-40 universities added every three months.
- The list is compiled by We Make Scholars using various ranking bodies.
Interest Rates
| Loan Type | Interest Rate |
| Without Collateral | 10.15% |
| With Collateral | 9.65% |
| Same rate for both male & female students |
Comparison with Other Banks
- While comparing banks, do not consider only interest rates.
- Other factors like processing fees and extra insurance costs should also be taken into account.
- SBI has dropped its interest rate by 1%, even for universities not in the top 100 category.
Who Can Be a Co-applicant?
| Eligible Co-applicants |
| Parents |
| Spouse |
| Parents-in-law (if applicable) |
| Elder sibling (if no surviving parents and unmarried) |
| Natural guardian |
- Parent’s CIBIL score will be checked.
- If the CIBIL score is below 750, consult a We Make Scholars financial officer.
Loan Eligibility and Repayment
Courses Covered
- Undergraduate, postgraduate, doctorate programs
- Diploma and certificate programs are also accepted
Repayment Terms
- Moratorium Period: 6 months after course completion
- Repayment Period: Up to 15 years
Processing Fees
- Rs. 10,000 + GST (Total Rs. 11,800)
- Additional costs may apply
Maximum Coverage
- SBI covers up to 90% of total expenses, including:
- Tuition fee
- Living expenses
- Flight tickets
- Health insurance
- Books & laptop
Final Thoughts
Did I miss any of the scheme’s terms and conditions? If yes, please let me know in the comment section, and I will get back to you for sure. Lastly, I know most students hesitate to apply for SBI loans due to memes about their long lunch breaks and slow processes. But trust me, if you apply via We Make Scholars, you will not face such issues! 😊
