Sbi global ed vantage

Useful and relevant information on the abroad study loan via SBI Global Ed-Vantage Loan scheme

1. Details of SBI Abroad Global Ed-Vantage Loan

2. Introduction The country’s leading nationalized lender, SBI offers 5 different types of education loans: Scholar Loan, Global Ed-Vantage Education Loan, Student Loan, Skill Loan, and Take-over of an education loan. Among them, Global Ed-Vantage and Student Loan are for study abroad aspirants. For the loans above INR 20 Lakh (which is required in most cases), students have to apply under the SBI Global Ed-Vantage scheme.

3. SBI Global Ed-Vantage

4. SBI Global Ed-Vantage is an overseas education loan given to students who want to pursue full-time regular courses at foreign colleges/universities. Key features include: Maximum Loan Amount- INR 20 Lakh to INR 1.5 Crores Rate of Interest- 8.80%(Men) / 8.30% (Women) (With Rinn Raksha Insurance) 9.30%(Men) / 8.80% (Women) (Without Rinn Raksha Insurance) Loan Tenure- 15 years (Maximum)

5. Processing Fee - T he processing charges are: Non Refundable Processing Fee INR 11,800 (Including GST) + Non refundable property valuation charges (varies by state; 4-8K) On disbursal: 0.2% of the loan amount as Equitable Mortgage creation charge Moratorium Period- Course duration + 6 months Margin Money- The margin money is 10% Eligible Degrees- The regular graduate/post-graduate/doctorate courses in any discipline from universities in the USA , UK , Canada , Australia , Europe, Singapore, Japan, Hong Kong, and New Zealand

6. SBI Global Ed-Vantage Documents Required

7. From Applicant: Identity proof Address proof Passport Mandatory Past Academic Record Test scores (e.g GMAT, GRE , TOEFL , etc.) Admission Letter (Conditional admission letter is also applicable). Statement of cost/expenses. 2 passport-size photographs. Loan A/C statement of one year, if there is any previous loan from other banks/lenders

8. From Co-applicant Identity proof Address proof 2 passport-size photographs. If any previous loan from other Banks/ Lenders, then loan A/C statement of 1 year. Legal documents of the collateral/property documents

9. SBI Global Ed-Vantage Loan Process

10. Step:1- Apply Online: Start with a pre-assessment by checking your loan eligibility Our education loan counselor interacts with you to understand your financing need in detail Fill a detailed SBI loan application form We transfer your details to SBI, and you receive an email from SBI acknowledging your application Step: 2- Free Doorstep Document Collection : You can create a customized list of documents by using our document checklist generator

11. If you live in Mumbai, Delhi, Pune, Bangalore, Hyderabad, or Chennai, our representative will visit your home to inspect & collect the documents to submit to a specialized SBI branch. If you are in any other city than the above-mentioned,you'll either have to upload documents digitally or our associate will pick them up from your home. Step: 3- Processing and Approval: Once all the required documents are submitted, we follow up with the bank officials to make certain of the timely progress of your loan application. We track the loan application at every stage to facilitate its smooth passage.

12. Benefits of taking SBI Global Ed-Vantage via GyanDhan

13. Branch Selection – We select the apt SBI branch for your loan process. Limited Branch Visits – We limit the branch visits to 1 only –for physical ID. Pre-Visa Disbursement- GyanDhan ensures pre-visa disbursement , when required, by approaching the senior management. Documentation – GyanDhan works with the student, PSU, and property lawyers to ensure availability of all the documents

14. Quicker Process – We have reduced the process to just 12-15 working days by our technical & process integration. Higher Chances of Approval - We warrant speedy resolution and thus considerably increase the chances of loan approval.

15. Other References

16. SBI Education Loan Benefits, Scheme Details, & Process of SBI Abroad Education Loan Should You Opt for SBI Life RiNn Raksha Policy? State Bank of India Education Loans: All The Details You Need To Know SBI Education Loan For Abroad Study: Eligibility, Interest Rate GyanDhan Brings SBI Education Loans To Your Doorstep With Their New Service

17. About GyanDhan

18. GyanDhan , a study abroad education marketplace, helps students with various services to make the abroad education journey hassle free. It was started in 2016 and have helped thousands of students in admissions & realizing their abroad education dream.

19. Some Useful Links GRE Prep Admission Counselling IELTS Prep Check Loan Eligibility GyanDhan Discussion Forum TOEFL Prep

20. For Detailed Info on SBI Global Ed-Vantage To know if you qualify for an abroad education loan

21. Contact GyanDhan Email: [email protected] Address: First Floor, 262, Westend Marg, Saiyad Ul Ajaib Extension, Saket, New Delhi, Delhi 110030 Phone: [phone]

22. Thank You