Check the Latest SBI Education Loan Interest Rate in 2026

Q: Is collateral required for SBI education loans?

Loans up to â¹7.5 lakh usually require only a co-borrower, while higher loan amounts need collateral security along with a co-borrower.

SBI Education Loan

State Bank of India assists students who aspire to pursue higher education by providing a variety of education loans modified to their academic needs. These schemes encompass undergraduate, postgraduate, and professional programmes at established institutions, providing greater access to quality education.

SBI Education Loan Schemes of 2026

Explore the key features, loan limits, and updated interest rates of SBI education loan schemes for 2026 in the table below:

Loan Scheme

Loan Limit

Interest Rate (2026)

SBI PM Vidyalaxmi Loan

₹ 4.00 lakh - ₹ 7.50 lakh

6.90% p.a.

PMVL Utkarsh: 6.90% p.a.
PMVL Uttam: 7.20% p.a.
PMVL Uday: 8.40% p.a.

SBI Student Loan Scheme

Up to ₹50 lakh

8.90% to 9.90% p.a., depending on collateral and applicant profile

SBI Scholar Loan Scheme

A List: ₹40 lakh B List: ₹30 lakh C List: ₹7.5–₹30 lakh AA List: ₹50 lakh

A List (IITs): 8.15% Other Institutes: 8.20% – 8.65% B/C List: 8.65% – 9.65%based on institute category

SBI Skill Loan Scheme

Up to ₹1.5 lakh

9.00% and 11.00% p.a.depending on course and eligibility.

SBI Global Ed-Vantage

₹20 lakh – ₹1.5 crore

8.65% to 9.15% p.a.for secured education loans abroad

SBI Takeover of Education Loan Scheme

₹10 lakh – ₹1.5 crore

8.65% p.a., depending on the transferred loan profile.

SBI Shaurya Education Loan

India: Up to ₹40 lakh Abroad: Up to ₹1.5 crore

8.90% to 9.90% p.a.with concessions for defence personnel.

SBI Global Ed-Vantage Loan

₹7.50 lakh and ₹3.00 crore

8.40% p.a. for collateralised loans and around 8.90% p.a. for non-collateral loans

Dr Ambedkar Interest Subsidy Scheme for Overseas Students

Interest subsidy is applicable only on the loan amount up to ₹20 lakh

100% interest subsidy (reimbursement) on education loans during the moratorium period

Padho Pardesh Interest Subsidy Scheme for Overseas Students

Interest subsidy is applicable only on the loan amount up to ₹20 lakh

100% interest subsidy during the moratorium period

Education Loan MITC

Studies in India

Medical Courses:

Up to ₹75 lakh
Can go up to ₹1 crore (case-to-case / select institutions)

Other Courses:

Up to ₹50 lakh
Up to ₹1 crore for select institutions

Studies Abroad

Up to ₹7.5 lakh under this scheme

Interest rate is floating and varies as per SBI’s prevailing education loan rates

What are the Features of an SBI Education Loan for 2026?

Loan Amount

Indian studies: Loans to a maximum of 50 lakh.
Medical Courses: A maximum amount of funding of up to 30 lakh.
Other Courses: Loans are available up to 10 lakh.
Education abroad: It provides loans of up to 7.5 lakh for studying abroad.
Global Ed-Vantage Scheme: For some special international courses, funding can reach 1.5 crore.

Processing Charges

Among the best investment plans in 2026, an SBI education loan stands out as a strategic way to invest in future earning potential through quality education

Loans up to 20 lakh are not charged any processing fee.
In case of loans above 20 Lakh, the nominal fee is 10 000 plus taxes.

Repayment Tenure

The loan is repayable after a maximum of 15 years of completion of the courses.
It offers a period of moratorium of up to 12 months, where there is no need to repay.

Security Requirements

Loans up to 7.5 lakh can be co-borrowed by a parent or a guardian.
On values more than 7.5 lakh, a co-borrower and security in the form of collateral is expected.

Margin Requirement

With flexible repayment options, an education loan enables families to manage education expenses more efficiently.

Loans up to 4 lakh are not subject to any margin.
For amounts above 4 lakh:
Studies in India: 5% margin
Studies Abroad: 15% margin

Courses Covered

In India

UGC and AICTE, IMC, and Government-approved graduation, post-graduation and diploma programs.
Diploma degrees from reputable organizations like IITs and IIMs.
Nursing and teacher training are approved by the government.
Classes that are recognized by the government, such as the Directorate General of Civil Aviation or Shipping.

Abroad

Professional and technical undergraduate courses.
MBA, MCA, MS, and diploma courses are postgraduate courses.
Qualified awards such as CIMA and CPA.

While child education plans build a long-term financial cushion, an SBI education loan helps manage immediate education expenses

Expenses Covered

Student fees, hostel fees, and other institutional expenses.
Examination, library, and laboratory charges.
Books, equipment, instruments, and uniforms.
Buying computers and school resources.
Money back deposits (up to 10% of tuition fees)
Expenses in travelling and studying courses in foreign countries (up to 2 years)
Buy a two-wheeler (maximum 50,000 when needed)
Other expenses, like work on the project and study tours.

Application Procedure of SBI Education Loan for 2026

Here is the process by which you can apply for an SBI education loan online and offline:

Offline Application

Visit a branch: Visit any SBI branch with the required documents.
Submit the form: Gather the application form, fill and hand it in with the required documents at the branch.

Online Application

Go to the official SBI site.
Go to the Education Loan section.
Select a loan scheme that fits your needs.
Click 'Apply Now' and complete the application on the Vidya Lakshmi portal.
Register on the Vidya Lakshmi portal by providing your details.
Once submitted, a bank representative will contact you to continue with them.

How to Calculate EMI for SBI Education Loan in 2026?

The Equated Monthly Instalments (EMIs) of your State Bank of India (SBI) education loan would be much easier to manage when you have a clear idea of the cost of your education expenses. Using a child plan calculator with an SBI education loan allows families to balance long-term savings and immediate funding needs. With the SBI Education Loan EMI calculator, the amortisation schedule is clearly given, and each EMI is divided to enable you to make better decisions on financial matters.

This is a convenient online program that has real-time findings. All one has to do is fill in the loan amount, the number of instalments, the interest rate, the processing fee, and any other prepayment information, and then one is good to go with a simple and detailed EMI breakdown seen after clicking on ‘Calculate’.

FAQs