One of India’s oldest banks, PNB’s Udaan scheme supports meritorious students with need-based financing, flexible repayment, and a wide acceptance list of global universities.
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Basic bank details
Maximum Loan Amount
Up to ~₹1–1.5 Cr
Interest Rate Range
~9.25%–11.25%
Margin Money
15%
Processing Fees
Up to ~1%
Moratorium Period
Course + 1 year
Repayment Tenure
Up to 15 yrs
Loan Type
~7–10 working days
Repayment Method
STEM / Mgmt / Arts
Processing Time
~7–10 working days
Check Your Eligibility in 2 mins
Eligibility Criteria
Indian citizen with confirmed admission to recognized foreign university
Co-applicant with stable income (parent/spouse/sibling)
Minimum academic score of 60% in qualifying examination
Age between 18-35 years at time of application
Document Requirement
KYC documents (Aadhaar, PAN, Passport)
Academic transcripts and certificates
Admission letter/I-20 from university
Passport with student visa
Cost of study statement
KYC documents of co-applicant
Income proof (salary slips, ITR, bank statements)
Employment certificate
Property documents (if collateral required)
Key Features
Key Features of SBI Loan Global Ed-Vantage scheme
SBI Global Ed-Vantage is an overseas education loan exclusively for those who wish to pursue full-time regular courses at foreign colleges/universities with the following features:
Faster: Online application process
Lighter: Attractive interest rate
Higher: Loan amount Upto Rs. 1.50 Crore
Early Approval: loan sanction prior to i20/Visa
Key Features of Shaurya Education Loan scheme
The Scheme seeks to extend financial assistance to deserving and meritorious spouse and wards of Defence, Indian Coast Guard & Central Armed Police Forces Personnel for pursuing higher education abroad with the following features:
Hassle Free processing of your Education Loan
Quick sanctions
6 months grace period provided to create mortgage of property offered as security with Bank.
Loan Amount: Maximum Rs. 1.50 Cr
Lowest margin requirements: 5% for loans above Rs 4 lakhs
Early Approval: loan sanction prior to i20/Visa
Other benefits of availing Education Loans through SBI:
Easier : Repayment through EMI up to 15 years
Benefits under section 80 (E) of Income Tax
Simple Interest is charged during Course Period + Moratorium Period
Freedom of choice for paying or not paying interest during the course and moratorium period
Extra Savings: Takeover of an existing education loan from other financial institutions permitted.
Stress-free repayment due to a competitive rate of interest
Interest rebates:
0.5% for girl students
0.5% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of the Bank
If you would like to apply for an SBI Education loan through IDP, please reach out to your IDP counsellor who will take you through the process.
How does it work
Total Processing Time
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Fastest Loan Processing
Get your education loan approved 3x faster than traditional bank applications with our streamlined process
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