The State Bank of India (SBI) has come up with a new education loan scheme for students that will offer low interest rates and quick approval. Called the ‘SBI Global Ed-Vantage’ loan, the scheme is exclusively for those who wish to attend foreign colleges and universities to pursue full-time courses.
In a release, the public sector lender said that with the upward trend in students preferring foreign education, the scheme will be the SBI’s customised financial solution to make it a possibility.
SBI has informed that it has covered regular degree courses, post-graduate degree courses, diploma courses and also certificate/doctorate courses under this scheme. Moreover, the bank has also listed the countries to which the loan can be availed for. Students who wish to study in the US, Canada, UK, Europe, Japan, Australia, New Zealand, Singapore, and Hong Kong can apply for this loan.
Depending on the requirement, the loan amount starts from Rs 7.5 lakh and goes up to…