How to Fill SBI Education Loan Form: A Step-by-Step Guide

How to Fill SBI Education Loan Form
Home » Education Loan » How to Fill SBI Education Loan Form: A Step-by-Step Guide

SBI is one of the best banks for education loans to study abroad. There are multiple schemes under which you can get a loan from the bank. The best suitable scheme for overseas education loans is the SBI Global Ed-vantage education loan. In order to get the loan, you need to apply online and submit the relevant documents. After receiving the loan application, the bank will verify the details and proceed with loan approval. However, there are a lot of details that are required to be filled and sometimes you may face issues in understanding the terminologies. Check here all the details and the process of how to fill out the SBI education loan form.

How to Fill SBI Education Loan Form?

As per the guidelines of the government of India, all applications for education loans to study abroad or in India will be filled and submitted through the Vidya Lakshmi portal education loan. Vidya Lakshmi is a loan application portal that is associated with over 44 banks and SBI is one of them. You can visit the SBI’s official website of YONO App to apply for the loan which will ultimately redirect you to the Vidya Lakshmi portal. Check the application process below:

Also Read: Comparing different loans to study abroad? Check here all about the differences between education loans and personal loans for education

Through Vidya Lakshmi Portal

The Vidya Lakshmi portal is very easy to handle due to its user-friendly interface. You can also track SBI education loan on this portal. Check the process of loan application below:

  • Visit the Vidya Lakshmi portal for education loan
  • Register and create a user ID and password
  • Log in again to the portal and go to the student’s corner
  • Read and understand the loan features like SBI education loan interest rate, documents required etc and then select the loan product
  • Fill out all the details in the form and submit it along with the relevant documents
  • Wait for the bank to verify

Through SBI Official Website

Check the process of applying for an education loan through the official website:

  • Visit the official website of SBI
  • Choose the loan scheme and enter the phone number
  • Select the existing relationship with the bank and submit
  • The bank will redirect you to the Vidya Lakshmi portal

Through YONO App

Follow the steps mentioned below to apply for an SBI Education loan through the YONO App:

  • Open the YONO SBI education loan app
  • Login and select ‘apply for a loan’
  • Choose the SBI Education Loan scheme
  • You will be redirected to the Vidya Lakshmi portal for further processing

Also Read: Planning to move to England for studies? Check here all about the best places for currency exchange in Sheffield

Details Required in SBI Education Loan Form

The SBI education loan application form requires detailed personal information about the applicant and the co-applicant. The details include name, address, date of birth, and contact details. The documents required for SBI education loan should be kept handy so that you can submit them quickly when the bank demands them. The bank also requires academic information such as course and university details, previous academic performance, and admission status at the time of applying for the loan. 

Usually, the bank requires the financial details of the co-applicant. The major details include the cost of education, fee structure, and any existing scholarships or financial aid. Information about the co-applicant or guarantor is very necessary and co-applicants need to show employment details, income, and relationship with the applicant.

These were some of the important details regarding filling out the SBI Education loan form. Check some of the FAQs based on the same below:

FAQs

What is the best education loan scheme offered by SBI for studying abroad?

SBI offers multiple schemes for education loans, but the most suitable one for studying abroad is the SBI Global Ed-vantage education loan.

How can I apply for an SBI education loan through the Vidya Lakshmi portal?

To apply for an SBI education loan through the Vidya Lakshmi portal, you need to follow a simple process. First, visit the Vidya Lakshmi portal and register by creating a user ID and password. After logging in, go to the student corner, explore the various loan schemes available, and select the one that suits your needs.

What information is required in the SBI education loan form?

The SBI education loan form requires personal information about both the applicant and the co-applicant. This includes names, addresses, dates of birth, and contact details. Academic information such as the course and university details, previous academic performance, and current admission status is also necessary.

How do I apply for an SBI education loan through the YONO App?

To apply for an SBI education loan via the YONO App, start by opening the app and logging in. Select the option to ‘apply for a loan’ and choose the SBI Education Loan scheme. You will then be redirected to the Vidya Lakshmi portal.

What steps should I follow to apply for an SBI education loan through the official SBI website?

Applying for an SBI education loan through the official SBI website involves a few steps. Visit the SBI website, select the education loan scheme you are interested in, and enter your phone number. If you have an existing relationship with the bank, indicate that, and submit your information.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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