•  Loading your search... Loading your search...
  • State Bank of India (SBI) Education Plus Loan is Rated as "Excellent!" by 500 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    State Bank of India (SBI) Education Plus Loan

    The State Bank of India (SBI) Education Plus Loan is mainly targeted to people who want to pursue their further education, or want to pursue their education through distance courses, part time courses or even evening courses. This loan will be helpful to them who are not in a financial situation to pay the fees in one lump sum.

    Where is the purpose of State Bank of India Education Plus Loan?

    Loan amount meant for and targeted to those individuals, who want to continue their education, or wish to take up distance courses, part time courses or even evening courses. This loan will be helpful to pay the fees in one lump sum for those individuals who are not in financial situation to pay the fees in one go.

    What is the eligibility criteria for State Bank of India Education Plus Loan?

    Eligibility conditions to be met for taking up State Bank of India (SBI) Education Plus loan, the applicant should have secured a seat in an institution for a seat for a particular course and also the below mentioned criteria:

    • Permanent employees of Central or State governments with minimum of 2 years’ service.

    • PSUs or Reputed private companies with minimum of 2 years’ service.

    • A letter of consent or clearance from the organisation for which they work in order to suggest they are pursuing their further studies.

    What are the types of financing available?

    This will be a term loan used for the purpose of education.

    What is the maximum amount of loan I can avail?

    The loan amount can range between a minimum of Rs. 25, 000 or a maximum of Rs, 1, 00, 000 or 15 times the net monthly income.

    What is the rate of interest on State Bank of India Education Plus Loan?

    The interest rate will comprise of the Base Rate as well as rate for the product, which will be 9.30% (base rate effective from 5/10/2015) + 3.90% making the current rate for this loan product 13.20%

    What are the documents required for State Bank of India Education Plus Loan?

    The documents required to be submitted along with the form will be:

    • Completed Education Loan Application Form.

    • Mark sheets of last qualifying examination

    • Proof of Income (i.e. Salary slips/ Form 16 etc)

    • Letter of clearance of consent from employer

    • Proof of Residence.

    • 2passport size photograph

    • Proof of admission scholarship, studentship etc

    • Schedule of expenses for the specified course

    What are the terms for State Bank of India Education Plus Loan?

    1. The applicant can apply for this loan product only when they apply for these courses:

      • Any distance educations courses.

      • Any part time that will lead to a degree or diploma

      • Any post-graduation courses by approved institutions and universities

    2. The loan tenure will be at a maximum of EMI payment of 60 months from the time of disbursement.

    3. There will be no penal charges for this loan when prepayment is considered

    4. No processing fees.

    5. There will be a margin of 10%

    How do I apply for this loan?

    Application for SBI Education plus loan is simple and easy you can fill in the application form and submit the same at the nearest branch, or alternately you could also apply online on the State Bank of India’s website.

    Can I apply for State Bank of India Education Plus Loan online?

    Online application process is available for this loan, all you need to do is fill in an online form and submit it on the State Bank of India’s website.

    State Bank of India (SBI) Education Plus Loan Reviews

    • SBI Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State Bank of India and they were very transparent in the process. All the details were clearly explained and there were no hidden charges. The customer services and response is good and the process is also quick.
      Was this review helpful? 0
      , darbhanga
      Reviewed on May 22, 2018
    • SBI Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      Within a week time I have got the loan amount with the State bank of India. I have got the personal loan from SBI around a year ago. The customer support service and the response is good from the State bank of India. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 22, 2018
    • SBI Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have got better service from the STATE BANK OF INDIA in concern to my personal loan application. The customer support service and the response is average with the SBI. The rate of inters an the charges are low but the service need to be improved with the STATE BANK OF INDIA.
      Was this review helpful? 0
      , hassan
      Reviewed on May 11, 2018
    • SBI Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The state bank of India has approved my personal loan within a day time. The customer support service and the response is quite good from the State bank and I am satisfied with the loan amount, they have disbursed the loan amount with in a day time.
      Was this review helpful? 0
      , pune
      Reviewed on May 10, 2018
    • SBI Personal Loan
      "AVERAGE SERVICE"
      0.5 3.0/5 "Satisfactory"
      Got my personal loan form Sbi bank , they took long time for documentation and approval process . Rate of interest is also high compared to other banks, their customer service and response is good.Made payments through ECS .the tenure period is 4 years
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2018
    • SBI Personal Loan
      "NOT GOOD"
      0.5 1.0/5 "Really Bad"
      To say truth about this loan is that i am having this loan for since 2.5 years. The payment i cant do it directly in bank, the thing is that i can be able to do only through cheque. Before 6 months only i have topped my loan and i am using it also. Probably i am not sure about the rate of interest in my bank it may be like 10.5-11.5% i am having my interest
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2018
    • SBI Personal Loan
      "Personal loan with SBI"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from SBI and the approved loan amount was 6.5 lakhs. I took this loan on 2015 and i closed by January 2018. The rate of interest was 9.7%. The EMI was flexible and the service was really good.The process was also very quick.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 20, 2018
    • SBI Personal Loan
      "slow process"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from the top most public sector bank STATE BANK OF INDIA. The rate of interest is very reasonable by comparing with other loan partners which is 12.50%. They sanctioned my promised principle loan amount and credited in my savings account. But they taken nearly one month to process my loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 18, 2018
    • SBI Personal Loan
      "better experience"
      0.5 4.0/5 "Great!"
      I had taken a personal loan from the top most public sector bank STATE BANK OF INDIA. The rate of interest is very reasonable by comparing with other loan partners. They sanctioned my promised principle loan amount with in 7 working days. My monthly emi would be deducted from my savings account.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Apr 17, 2018
    • SBI Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      The SBI has offered me a personal loan based on my requirement. The customer support service is good with the SBI. The net banking service is average here. The rate of interest and the charges levied by SBI is the best and I am satisfied with the loan amount too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • SBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with SBI 2 months back. The loan amount was 2 lakhs ans the interest rate was 11.5% which is high . They have sanctioned the loan with the committed time . The customer service and responses was up to the mark. My experience was very good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with SBI and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount within 3-4 days. Customer service was good and the tenure of this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 02, 2018
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      It is a long process and documentation for State Bank of India. The customer services and response is on the average side. I have taken my personal loan and the rate of interest and processing charges is normal. The process can be improved in all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 23, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with State bank of India.The loan amount is three lakhs.The rate of interest is low as compared to others,There is no processing fess for the same.The EMI amount registered by an ECS payments.I am happy with process.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 23, 2018
    • SBI Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from SBI and my experience was very good. The loan amount was for Rs 4 lakhs with 13.15% interest rate is nominal when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 22, 2018
    • SBI Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken person loan with State bank of India.The loan amount is two lakhs,rate of interest is nominal as compared to others.The tenure is for two years.I had to submit physical documents to process the loan and it was done in a weeks time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 20, 2018
    • SBI Personal Loan
      "Personal loan with SBI"
      0.5 3.0/5 "Satisfactory"
      From State bank of India i have taken a personal loan and the approved loan amount is 7 lakhs. The rate of interest is 13% and the interest was bit high. The monthly EMI comes around 36000 for 5 years. There was no processing fee with them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 15, 2018
    • SBI Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the State bank of India and the rate of interest was not aware from my end. The loan amount got disbursed within an hour of time. Everything is good one with the State bank of India.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 03, 2018
    • SBI Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      It was a easy process with State Bank of India. I have taken a personal loan and the documentation was also normal and they collected it on time. I received the loan within ten days. The rate of interest is normal and charges is low. The bank also has a option of pre payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2018
    • SBI Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with SBI for about 2 years. The loan amount was 2 lakhs and the Interest rate was very high than other banks. The customer service and responses was good. They have provided door step service for collecting documents so my overall experience smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 23, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.