{"id":4331,"date":"2025-01-16T17:12:36","date_gmt":"2025-01-16T11:42:36","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4331"},"modified":"2025-01-16T17:12:37","modified_gmt":"2025-01-16T11:42:37","slug":"sbi-scholar-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/","title":{"rendered":"SBI Scholar Loan: College List, Interest Rate, Application"},"content":{"rendered":"\n<p>SBI Scholar Loan is available for studying in premier institutions of the country. The bank provides up to 100% finance under the scholar education loan. If you\u2019re a student who wants to pursue higher education but doesn\u2019t have the necessary funds, you need to choose the <strong>SBI Scholar loan<\/strong>. However, keep in mind that not all courses will be covered by this Loan. <\/p>\n\n\n\n<p>The education loan is provided by the bank to cover some specific courses.&nbsp;<strong>This loan product is only applicable to universities in India and not for overseas studies.<\/strong> It is only available for courses in top-notch institutions in India. Check this blog and know all the major features, interest rates and eligibility criteria for SBI Scholar Loan.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-sbi-scholar-loan-scheme\" data-level=\"2\">Overview of SBI Scholar Loan Scheme<\/a><\/li><li><a href=\"#h-maximum-loan-amount-under-sbi-scholar-scheme\" data-level=\"2\">Maximum Loan Amount under SBI Scholar Scheme<\/a><\/li><li><a href=\"#h-expenses-covered-under-sbi-scholar-loan-scheme\" data-level=\"2\">Expenses Covered under SBI Scholar Loan Scheme<\/a><\/li><li><a href=\"#h-who-is-eligible-for-sbi-scholar-loan\" data-level=\"2\">Who is Eligible for SBI Scholar Loan?<\/a><\/li><li><a href=\"#h-applicable-courses-to-avail-sbi-scholar-loan\" data-level=\"2\">Applicable Courses to avail SBI Scholar Loan<\/a><\/li><li><a href=\"#h-required-documents\" data-level=\"2\">Required Documents<\/a><\/li><li><a href=\"#h-sbi-scholar-loan-interest-rates\" data-level=\"2\">SBI Scholar Loan Interest Rates<\/a><\/li><li><a href=\"#h-how-to-apply-for-sbi-scholar-loan\" data-level=\"2\">How to Apply for SBI Scholar Loan?<\/a><\/li><li><a href=\"#h-approved-college-list-for-sbi-scholar-loan\" data-level=\"2\">Approved College List for SBI Scholar Loan<\/a><ul><li><a href=\"#h-list-aa-colleges\" data-level=\"3\">List AA Colleges<\/a><\/li><li><a href=\"#h-list-b-colleges\" data-level=\"3\">List B Colleges<\/a><\/li><\/ul><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-sbi-scholar-loan-scheme\"><span id=\"overview-of-sbi-scholar-loan-scheme\">Overview of SBI Scholar Loan Scheme<\/span><\/h2>\n\n\n\n<p>The major purpose of the SBI Scholar Loan scheme is to support meritorious students who get selected in IIMs, IITs, NITs and other premier institutions in India. As mentioned earlier, the SBI education loan scheme won\u2019t cover every course. Therefore, you need to make sure you know the eligible courses so that you can apply without any problem. Check some major features of the SBI Scholar Education Loan below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>SBI Scholar Loan Scheme<\/strong><\/td><td><strong>Major Features<\/strong><\/td><\/tr><tr><td><strong>Repayment Period&nbsp;<\/strong><\/td><td>15 years after completing the course&nbsp;<\/td><\/tr><tr><td><strong>Processing Fees<\/strong><\/td><td>NIL<\/td><\/tr><tr><td><strong>Loan Amount for India&nbsp;<\/strong><\/td><td>As per the Requirement<\/td><\/tr><tr><td><strong>Loan Amount for Abroad&nbsp;<\/strong><\/td><td>NA<\/td><\/tr><tr><td><strong>Moratorium Period<\/strong><\/td><td>1 year<\/td><\/tr><tr><td><strong>Loan Amount in Case of Scholar Loan<\/strong><\/td><td>No Upper Limit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-maximum-loan-amount-under-sbi-scholar-scheme\"><span id=\"maximum-loan-amount-under-sbi-scholar-scheme\">Maximum Loan Amount under SBI Scholar Scheme<\/span><\/h2>\n\n\n\n<p>The SBI Scholar Loan provides financial support to students aspiring for higher education, offering varying loan limits depending on the institute&#8217;s category and the type of collateral provided. The loan structure is categorized into four lists (AA, A, B, and C) based on the institute&#8217;s rating, ensuring flexibility and inclusivity. Below is a detailed breakdown of the maximum loan limits:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>Category<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>Maximum Loan Limit (No Security, Parent\/Guardian as Co-borrower)<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>Maximum Loan Limit (With Tangible Collateral and Parent\/Guardian as Co-borrower)<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>List AA<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 50 lakhs<\/td><td class=\"has-text-align-left\" data-align=\"left\">Need-based loan<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>List A<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 40 lakhs<\/td><td class=\"has-text-align-left\" data-align=\"left\">Need-based loan<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>List B<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 30 lakhs<\/td><td class=\"has-text-align-left\" data-align=\"left\">Need-based loan<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>List C<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 7.5 lakhs<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 1 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Taking a loan from Karnataka Bank? Check here all about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan-interest-rate\/\">Karnata Bank Education Loan Interest Rate<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-expenses-covered-under-sbi-scholar-loan-scheme\"><span id=\"expenses-covered-under-sbi-scholar-loan-scheme\">Expenses Covered under SBI Scholar Loan Scheme<\/span><\/h2>\n\n\n\n<p>The SBI Scholar Loan is designed to support students pursuing higher education by covering various education-related expenses. This loan ensures that financial constraints do not hinder students from achieving their academic goals. Below is a list of expenses that the SBI Scholar Loan typically covers:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Tuition Fees<\/strong>: Payment of fees to the college, school, or hostel.<\/li>\n\n\n\n<li><strong>Academic Fees<\/strong>: Includes examination, library, and laboratory fees.<\/li>\n\n\n\n<li><strong>Books and Equipment<\/strong>: Expenses for purchasing books, equipment, and instruments needed for the course.<\/li>\n\n\n\n<li><strong>Caution Deposit\/Refundable Deposit<\/strong>: Covers deposits such as building funds or caution deposits, supported by institution bills or receipts. These are capped at <strong>10% of the tuition fees<\/strong> for the entire course.<\/li>\n\n\n\n<li><strong>Travel Expenses<\/strong>: Includes costs for travel or participation in exchange programs.<\/li>\n\n\n\n<li><strong>Computer\/Laptop<\/strong>: Purchase of a computer or laptop is required for academic purposes.<\/li>\n\n\n\n<li><strong>Other Education-Related Expenses<\/strong>: Covers miscellaneous expenses directly related to education. No voucher or receipt is required for such expenditures, but the end-use must be self-certified.<\/li>\n\n\n\n<li><strong>Cap on Unvouched Expenses<\/strong>: Expenses without receipts must not exceed <strong>25% of the loan amount<\/strong> (up to a maximum of \u20b91 lakh). For expenditures beyond this cap, vouchers or receipts must be submitted.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-is-eligible-for-sbi-scholar-loan\"><span id=\"who-is-eligible-for-sbi-scholar-loan\">Who is Eligible for SBI Scholar Loan?<\/span><\/h2>\n\n\n\n<p>One must fulfil the eligibility criteria before applying for SBI Scholar Loan. These criteria ensure that the loan is available to deserving students pursuing higher education in reputed institutions. Check out the eligibility Criteria below-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The applicant must be an Indian national.<\/li>\n\n\n\n<li>The applicant should have secured admission to a professional or technical course in select premier institutions in India. <\/li>\n\n\n\n<li>Admission must be obtained through an entrance test or a selection process conducted by the institution.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-applicable-courses-to-avail-sbi-scholar-loan\"><span id=\"applicable-courses-to-avail-sbi-scholar-loan\">Applicable Courses to avail SBI Scholar Loan<\/span><\/h2>\n\n\n\n<p>If you have plans to complete your higher education at an Indian university, here are the courses that will be approved for an SBI loan:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Graduation&nbsp;<\/li>\n\n\n\n<li>Diploma courses from universities approved by IMC, UGC, and AICTE.&nbsp;<\/li>\n\n\n\n<li>Nursing courses<\/li>\n\n\n\n<li>Teacher training courses&nbsp;<\/li>\n\n\n\n<li>Government regular diploma courses&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/leverageedu.com\/blog\/incred-education-loan\/\"><strong>InCred Education Loan<\/strong><\/a><strong>&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-required-documents\"><span id=\"required-documents\">Required Documents<\/span><\/h2>\n\n\n\n<p>Here are the documents that you need while applying. Keep in mind that documentation is one of the most important processes of obtaining a loan. Therefore, make sure you don\u2019t make mistakes while submitting the documents.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Application form<\/li>\n\n\n\n<li>Identity proof<\/li>\n\n\n\n<li>Bank statement for the last 6 months<\/li>\n\n\n\n<li>Proof of income<\/li>\n\n\n\n<li>Previous 2 years of IT return<\/li>\n\n\n\n<li>Pan card of parents and student<\/li>\n\n\n\n<li>Statement of cost of study&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>If you need a student education loan with minimal documentation, <a href=\"https:\/\/fly.finance\/\"><strong>Fly Finance<\/strong><\/a><strong> <\/strong>can help you.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sbi-scholar-loan-interest-rates\"><span id=\"sbi-scholar-loan-interest-rates\">SBI Scholar Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>This is one of the most important things you need to know about rates thoroughly to choose the perfect option as per your flexibility.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-base-3-background-color has-background\"><tbody><tr><td><strong>Scheme&nbsp;<\/strong><\/td><td><strong>Interest Rates<\/strong><\/td><\/tr><tr><td>SBI Scholar Loan Scheme List AA<\/td><td>8.10%<\/td><\/tr><tr><td>Loans Upto 7.50 Lakh<\/td><td>10.20%<\/td><\/tr><tr><td>Loans Above 7.50 Lakh<\/td><td>10.20%<\/td><\/tr><tr><td>List A<\/td><td>8.25% for IITs and IIMs, 8.40% for Others<\/td><\/tr><tr><td>List B<\/td><td>8.40% for NITs and 8.90% for Others<\/td><\/tr><tr><td>List C<\/td><td>8.40% for NITs and 9.40% for Others<\/td><\/tr><tr><td>SBI Skill Loan Scheme&nbsp;<\/td><td>9.70%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Applying for a loan from Government Bank? Check here all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/canara-bank-education-loan-interest-rate\/\"><strong>Canara Bank Education Loan Interest Rate<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-sbi-scholar-loan\"><span id=\"how-to-apply-for-sbi-scholar-loan\">How to Apply for SBI Scholar Loan?<\/span><\/h2>\n\n\n\n<p>To apply for the\u00a0<strong>SBI Scholar Loan<\/strong>, you must visit the official State Bank of India (SBI) website. Look for the education loan section where you can find information about the Scholar Loan. You can either download the application form directly from the website or request it from an SBI branch. <\/p>\n\n\n\n<p>Ensure that you have the latest version of the form. Carefully complete the application form with accurate and complete information. This includes personal details, course information, and financial details and attach the required documents.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can submit your application online through the SBI portal or visit your nearest SBI branch to submit it in person. If applying in person, ensure you bring a set of photocopies along with your original documents.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Once your application is submitted, the bank will review and verify all details. This process may involve an interview and verification of collateral if applicable.<br><\/li>\n\n\n\n<li>If approved, you will receive a sanction letter detailing the loan amount, interest rate, and repayment terms.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After reviewing the sanction letter, you will need to accept the loan terms and sign the loan agreement.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Upon completion of all formalities, the funds will be disbursed according to your educational institution&#8217;s requirements.<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-approved-college-list-for-sbi-scholar-loan\"><span id=\"approved-college-list-for-sbi-scholar-loan\">Approved College List for SBI Scholar Loan<\/span><\/h2>\n\n\n\n<p>The State Bank of India lists a total of premier colleges and institutions. They are categorised as AA institutions, A institutions, B institutions, and C institutions. There\u2019s no upper limit for AA, A, and B lists, but the maximum loan offered for list C colleges is INR 30 lakhs with tangible collateral of full value and Parent\/ Guardian as co-borrower.<\/p>\n\n\n\n<p>If you take no collateral loan, the maximum loan amount is INR 50 lakhs for AA colleges, INR 40 lakhs for List A, INR 30 lakhs for List B, and INR 7.5 lakhs for List C colleges. Check out the list of approved institutions under the SBI scholar loan scheme.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-list-aa-colleges\"><span id=\"list-aa-colleges\">List AA Colleges<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Indian Institute of Management (IIM), Ahmedabad, Gujarat<\/td><td>Indian Institute of Management (IIM), Bangalore, Karnataka<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Calcutta, West Bengal<\/td><td>Indian Institute of Management (IIM), Indore, Madhya Pradesh<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Indore- Mumbai Campus, Maharashtra<\/td><td>Indian Institute of Management (IIM), Kozhikode, Kerela<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Lucknow, Uttar Pradesh<\/td><td>Indian Institute of Management (IIM), Lucknow- Noida Campus, Uttar Pradesh<\/td><\/tr><tr><td>Indian School of Business (ISB), Hyderabad, Telangana<\/td><td>Indian School of Business (ISB), Mohali, Punjab<\/td><\/tr><tr><td>Xavier Labour Relations Institute (XLRI), Jamshedpur, Jharkhand<\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-list-b-colleges\"><span id=\"list-b-colleges\">List B Colleges<\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td>Birla Institute of Technology &amp; Sciences (BITS), Pilani, Rajasthan<\/td><td>Indian Institute of Technology (IIT), Jammu, J&amp;K<\/td><\/tr><tr><td>BITS (Pilani) &#8211; Goa Campus, Goa<\/td><td>Indian Institute of Technology (IIT), Jodhpur, Rajasthan<\/td><\/tr><tr><td>BITS (Pilani) &#8211; Hyderabad Campus, Telangana<\/td><td>Indian Institute of Technology (IIT), Kanpur, Uttar Pradesh<\/td><\/tr><tr><td>Indian Institute of Foreign Trade (IIFT), Delhi<\/td><td>Department of Industrial &amp; Management Engineering, IIT Kanpur, Uttar Pradesh<\/td><\/tr><tr><td>Indian Institute of Foreign Trade (IIFT), Kolkata, West Bengal<\/td><td>Indian Institute of Technology (IIT), Kharagpur, West Bengal<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Amritsar, Punjab<\/td><td>Indian Institute of Technology (IIT), Mandi, Himachal Pradesh<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Jammu, J&amp;K<\/td><td>Indian Institute of Technology (IIT), Mumbai, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Kashipur, Uttarakhand<\/td><td>Indian Institute of Technology (IIT), Palakkad, Kerela<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Nagpur, Maharashtra<\/td><td>Indian Institute of Technology (IIT), Patna, Bihar<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Raipur, Chattisgarh<\/td><td>Indian Institute of Technology (IIT), Roorkee, Uttrakhand<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Ranch, Jharkhand<\/td><td>Indian Institute of Technology (IIT), Rupnagar, Punjab<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Rohtak, Haryana<\/td><td>Indian Institute of Technology (IIT), Tirupati, Uttar Pradesh<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Sambalpur, Odisha<\/td><td>Indian Institute of Technology (IIT), Varanasi BANARAS HINDU UNIVERSITY 211 UTTAR PRADESH<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Shillong, Meghalaya<\/td><td>Indian School Of Mining (ISM), Dhanbad, Jharkhand<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Sirmaur, Himachal Pradesh<\/td><td>Institute of Management Technology (IMT), Ghaziabad, Uttar Pradesh<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Trichy, Tamil Nadu<\/td><td>Kasturba Medical College (KMC), Mangalore, Karnataka<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Udaipur, Rajasthan<\/td><td>Kasturba Medical College (KMC), Manipal, Karnataka<\/td><\/tr><tr><td>Indian Institute of Management (IIM), Visakhapatnam, Andhra Pradesh<\/td><td>Management Development Institute (MDI), Gurgaon, Haryana<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Bhilai, Chattisgarh<\/td><td>Management Development Institute (MDI),Murshidabad, West Bengal<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Bhubaneshwar, Odisha<\/td><td>Manipal Institute of Technology (MIT), Manipal, Karnataka<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Chennai, Tamil Nadu<\/td><td>National Institute of Industrial Engineering (NITIE), Mumbai, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Delhi<\/td><td>Nirma Institute of Management, Ahmedabad, Gujarat<\/td><\/tr><tr><td>Dept of Management Studies, IIT Delhi<\/td><td>SP Jain Institute of Management and Research (SPJIMR), Mumbai, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Dharwad, Karnataka<\/td><td>Shailesh J. Mehta School of Management (SJSOM), IIT Mumbai, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Gandhinagar, Gujarat<\/td><td>Symbiosis Centre For Management &amp; HRD (SCMHRD), Pune, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Panaji, Goa<\/td><td>Symbiosis Institute of Business Management (SIBM), Pune, Maharashtra<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Guwahati, Assam<\/td><td>T. A. Pai Management Institute (TAPMI), Manipal [Post Graduate Diploma in Management (PGDM)], Manipal, Karnataka<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Hyderabad<\/td><td>Xavier Institute of Management (XIM), Bhubaneswar, Odisha<\/td><\/tr><tr><td>Indian Institute of Technology (IIT), Indore, Madhya Pradesh<\/td><td>Xavier School of Human Resource Management, Bhubaneswar, Odisha<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1684936327232\"><strong class=\"schema-faq-question\">What is the interest rate of an SBI Scholar loan?<\/strong> <p class=\"schema-faq-answer\">SBI Scholar loan interest rate will vary between 8.25% to 9.65% depending on the college where you are taking the admission. Usually, the interest is 8% to 9% for IITs and IIMs.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1684936337211\"><strong class=\"schema-faq-question\">Which colleges are eligible for an SBI Scholar loan?<\/strong> <p class=\"schema-faq-answer\">Students from numerous institutions such as IITs, IIMs, NITs, and many more are eligible for the SBI Scholar loan.\u00a0Other colleges include KIIT, XLRI etc.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1684936369615\"><strong class=\"schema-faq-question\">How to apply loan for college fees?<\/strong> <p class=\"schema-faq-answer\">You need to apply for the SBI Scholar loan from the official website.\u00a0You can also visit the nearest branch of SBI.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709990201623\"><strong class=\"schema-faq-question\">Can I get SBI scholar loan for abroad studies?<\/strong> <p class=\"schema-faq-answer\">No, the SBI Scholar loan is available only for studies in India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1709990438703\"><strong class=\"schema-faq-question\">Are there any rebates on interest rates for SBI Scholar loans?<\/strong> <p class=\"schema-faq-answer\">The bank may provide a rebate of 0.5% for female students. Also, if you are buying any product or service assigned in favour of the bank&#8217;s business, then also you will get a rebate of 0.5%<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1737027674339\"><strong class=\"schema-faq-question\">What is the maximum loan amount available under the SBI Scholar Loan scheme?<\/strong> <p class=\"schema-faq-answer\">The maximum loan amount available under the SBI Scholar Loan scheme is typically up to INR 20 lakhs for students pursuing higher education in recognized institutions. However, the exact amount may vary based on the institution and course.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1737027692456\"><strong class=\"schema-faq-question\">Are there any processing fees for the SBI Scholar Loan?<\/strong> <p class=\"schema-faq-answer\">No. There is no processing fee associated with the SBI Scholar Loan.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1737027717687\"><strong class=\"schema-faq-question\">What is the moratorium period for repayment of the SBI Scholar Loan?<\/strong> <p class=\"schema-faq-answer\">The moratorium period for the SBI Scholar Loan typically includes the duration of your course plus an additional 12 months or 6 months after securing a job, whichever comes first. During this period, you are not required to make any repayments.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1737027728510\"><strong class=\"schema-faq-question\">Can I avail of a top-up loan under the SBI Scholar Loan scheme?<\/strong> <p class=\"schema-faq-answer\">Yes, you can avail of a top-up loan under the SBI Scholar Loan scheme, provided it falls within the overall limit set by the bank. This can be useful if you need additional funds for further studies or related expenses.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1737027739712\"><strong class=\"schema-faq-question\">Is collateral required for obtaining an SBI Scholar Loan?<\/strong> <p class=\"schema-faq-answer\">For loans up to INR 7.5 lakhs, no collateral is required. However, for loans exceeding this amount, banks may ask for collateral or a third-party guarantee as security against the loan. Always check with your specific branch for detailed requirements.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about SBI Scholar loan. Please note that this loan is exclusively for top colleges in India. If you want a study abroad loan, you can apply for SBI Global Ed-vantage loan to study abroad.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" 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M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SBI Scholar Loan is available for studying in premier institutions of the country. The bank provides up to 100% finance under the scholar education loan. If you\u2019re a student who wants to pursue higher education but doesn\u2019t have the necessary funds, you need to choose the SBI Scholar loan. However, keep in mind that not &#8230; <a title=\"SBI Scholar Loan: College List, Interest Rate, Application\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/\" aria-label=\"Read more about SBI Scholar Loan: College List, Interest Rate, Application\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":4634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-4331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SBI Scholar Loan: College List, Interest Rate, Application | Fly Finance<\/title>\n<meta name=\"description\" content=\"Know all about SBI Scholar Loan. Learn how about different interest rates and the colleges that offer and how to apply.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Scholar Loan: College List, Interest Rate, Application\" \/>\n<meta property=\"og:description\" content=\"Know all about SBI Scholar Loan. 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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.","sameAs":["https:\/\/in.linkedin.com\/in\/thahankmoody","https:\/\/www.tumblr.com\/blog\/dhanlabh"],"url":"https:\/\/fly.finance\/blog\/author\/shekhar\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936327232","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936327232","name":"What is the interest rate of an SBI Scholar loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"SBI Scholar loan interest rate will vary between 8.25% to 9.65% depending on the college where you are taking the admission. Usually, the interest is 8% to 9% for IITs and IIMs.\u00a0","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936337211","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936337211","name":"Which colleges are eligible for an SBI Scholar loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Students from numerous institutions such as IITs, IIMs, NITs, and many more are eligible for the SBI Scholar loan.\u00a0Other colleges include KIIT, XLRI etc.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936369615","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1684936369615","name":"How to apply loan for college fees?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You need to apply for the SBI Scholar loan from the official website.\u00a0You can also visit the nearest branch of SBI.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1709990201623","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1709990201623","name":"Can I get SBI scholar loan for abroad studies?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, the SBI Scholar loan is available only for studies in India.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1709990438703","position":5,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1709990438703","name":"Are there any rebates on interest rates for SBI Scholar loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The bank may provide a rebate of 0.5% for female students. Also, if you are buying any product or service assigned in favour of the bank's business, then also you will get a rebate of 0.5%","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027674339","position":6,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027674339","name":"What is the maximum loan amount available under the SBI Scholar Loan scheme?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The maximum loan amount available under the SBI Scholar Loan scheme is typically up to INR 20 lakhs for students pursuing higher education in recognized institutions. However, the exact amount may vary based on the institution and course.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027692456","position":7,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027692456","name":"Are there any processing fees for the SBI Scholar Loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No. There is no processing fee associated with the SBI Scholar Loan.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027717687","position":8,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027717687","name":"What is the moratorium period for repayment of the SBI Scholar Loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The moratorium period for the SBI Scholar Loan typically includes the duration of your course plus an additional 12 months or 6 months after securing a job, whichever comes first. During this period, you are not required to make any repayments.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027728510","position":9,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027728510","name":"Can I avail of a top-up loan under the SBI Scholar Loan scheme?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can avail of a top-up loan under the SBI Scholar Loan scheme, provided it falls within the overall limit set by the bank. This can be useful if you need additional funds for further studies or related expenses.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027739712","position":10,"url":"https:\/\/fly.finance\/blog\/education-loan\/sbi-scholar-loan\/#faq-question-1737027739712","name":"Is collateral required for obtaining an SBI Scholar Loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"For loans up to INR 7.5 lakhs, no collateral is required. However, for loans exceeding this amount, banks may ask for collateral or a third-party guarantee as security against the loan. Always check with your specific branch for detailed requirements.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=4331"}],"version-history":[{"count":10,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4331\/revisions"}],"predecessor-version":[{"id":17020,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4331\/revisions\/17020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/4634"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=4331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=4331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=4331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}