Education Loans

SBI’s Scholar Loan Scheme

Loan for pursuing higher education in select 114 Indian Premier Institutions (click here for the list)

  • 100% Financing
  • NO Processing Fee from the Bank
  • Repayment period of 12 years after Course Period + 6 months of repayment holiday
  • Rs.10000/- Service Charge levied by Integra FinServe includes documentation at doorstep, end-to-end guidance and service.

Loan Amount and Security:


Maximum Loan Limit

No Security, only Parent/ Guardian as co-borrower With tangible collateral of full value and Parent/ Guardian as co-borrower
List ‘A’(59 institutions) Rs. 20 lacs Rs. 30 lacs
List ‘B’(55 institutions) Rs. 7.5 lacs Above Rs. 7.5 Lacs & upto Rs. 30 Lacs

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 book/equipments/instruments
  • Caution deposit/building fund/refundable deposit supported by Institution bills/reciepts (not to exceed 10% of tution fees for the entire course)
  • Travel expenses/expenses on exchange programme^
  • Purchase of computer/laptop^
  • Any other expenses related to education^

^ 1. No voucher/reciept required, purpose (end use) need to be self-certified.
2. Expenditure not to exceed 25% of the loan amount (upto a lumpsum amout of max 1lac)
3. Expenditure beyond 25% cap permitted subject to production of voucher/ reciept.


  • Repayment starts after the course completion + 6 months
  • Repay in 12 years
  • In case second loan is availed for higher studies later, repay the combined loan amount in 12 years after completion of second course.

Rate of Interest:
Simple interest charged during study period and moratorium period.


List A 100bps above base rate i.e., 10.70% p.a. at presentFurther concessions:

  • 25 bps – work experience of more than 2 years
  • 50 bps – with parent/ spouse/ guardian as co-borrowers
  • 75 bps – collateral security >= the loan amount

(effective rate of interest with all 3 concessions above not to be lower than 25 bps above base rate, presently 9.95 % p.a.)

List B 175bps above Base rate i.e. 11.45% p.a.

  • 1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration#

IT exemption under Section 80(E) in respect of interest paid in all Education Loans

Documents Required:

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

# Terms and conditions apply

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