Some tips to avail loan for

A marketplace for education

higher studies abroad.
loans.
 SBI at a Glance

❏ SBI is an Indian multinational financial services company founded in 1921.

❏ SBI started its education loan services in 1995.
❏ SBI operates over 14000 branches in India serving millions of happy
customers.
❏ SBI has a 30% market share in the education loan space.
❏ SBI meets more than 95% of the disbursement targets set by the
government.
SBI Global Ed-Vantage
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:

➢ Faster: The application process is online

➢ Lighter: The interest rate is minimal
➢ Higher: Loan amount ranges from INR 20 lakhs to INR 1.5 crore
➢ Easier: Repayment of loan can be done through EMI upto 15 years
➢ Tax Benefit: Under section 80(E), tax benefit is available
➢ Courses Covered: Full-time graduate, post-graduate, doctorate
Loan Amount and Loan to Collateral
Value
SBI provides loan for amount ranging from INR 20 lakhs to INR 1.5
crores.

The loan amount provided on collateral value is as follows:

➔ Loan up to 70% of property value

➔ Loan up to 100% of fixed deposits value
➔ Loan up to 100% of LIC policy surrender value
 Eligibility Criteria
❏ A student becomes eligible for SBI education loan if
he/she pursues Regular Graduate/ Post Graduate/
Doctorate Courses in any discipline offered by
foreign Institutes/ Universities in USA, UK, Canada,
Australia, Europe, Singapore, Japan, Hong Kong,
and New Zealand.
❏ All the property papers should be in place.
❏ The value of property should be enough.
❏ One of the parents should have filed an ITR or
should have at least any proof of income.
❏ Loan eligibility can be checked on the GyanDhan
SBI Education Loan
Process
The Process….
1. Student checks the loan eligibility at GyanDhan
2. Education Loan counsellor (ELC) helps the student to fill the SBI
form
3. The student gets a personalised document checklist from us, and the
ELC submits his/her application to the SBI.
4. GyanDhan’s representative picks up the documents from the student’s
home and submits them to the branch.
5. Collateral papers are sent to the lawyer for verification.
6. Other documents, details, and addresses are also verified.
7. Loan processing is initiated, and the loan is sanctioned by “RACPC”
Documents Required
Applicant:

❏ Identity Proof
❏ 2 passport photographs
❏ Aadhar card
❏ PAN card
❏ Address Proof
❏ Past Academic Record
❏ 10th,12th and undergraduate passing certificates
❏ Target College Docs
❏ Fee structure
❏ Scoresheet for GRE and TOEFL
❏ If you have full-time work-ex, financial docs
Documents Required
Co-applicant:

❏ Identity Proof
❏ 2 Passport photographs
❏ Aadhar card
❏ PAN card
❏ Address Proof
❏ Current and permanent residence
❏ Past Academic Record
❏ Latest 3 months’ salary slip (if not self-employed)
❏ Latest 6 months’ bank statement of your salary account
❏ Latest Form 16/ Last 2 years’ ITR
❏ Brief statement of assets and liabilities
Some points to remember
➢ SBI does not take income into consideration to approve a loan. But ITR or
some other proof of income should be submitted by the co-applicant.
➢ Property/Collateral for the loan can belong to any third person (friend,
distant relative). The third person has to become a guarantor of the loan,
submit all the necessary documents, and sign the loan agreement.
➢ Agricultural Property and Gram Panchayat Property are not acceptable as
collateral in any bank. B khata property is not acceptable specifically in
Bangalore.
➢ SBI education loan is accepted by all the high commissions and visa
offices around the world.
The GyanDhan Effect
Processes With GyanDhan Without GyanDhan
Average time after document
12 days 20-50 days
submission

Sanction ratio after document

50% 20%
submission

Document pick-up from home Yes No

Personalised document
checklist according to profile Yes No
and area

Branch visits 1-2 7-8

Pre-visa disbursements Easy Little difficult

About us...
❖ GyanDhan is an education loan marketplace which aims to make higher
education accessible for every aspiring student, irrespective of their
financial background. We have partnered with chief financial institutions
from India and abroad and have been helping students to secure the best
education loan for abroad with the least amount of hassle in a shorter
period of time.
❖ GyanDhan was awarded by the US State Department at the Global
Entrepreneurship Summit 2017.
Other sources...
GyanDhan has various other blogs and presentations regarding SBI education
loan on its website. The links to these sources are as follows:

❏ GyanDhan brings SBI education loans to your doorstep with their new
service
❏ SBI education loan: The secrets of getting an education loan
❏ Why a bank would decline an education loan with collateral: common
reasons
❏ Confused between education loan from bank or NBFC: Clear all your
doubts here
 Contact us...

❖ Address: 1st Floor, 47, E Block, Saket, New Delhi, 110017

❖ Website: www.gyandhan.com
❖ Call us at:
➢ For a loan : 9315417144
➢ Admin purposes : 7042100780
Request a callback for
education loan