SBI Scholar Loan Scheme | Details and Pre-requisites

SBI Scholar Loan Scheme

For pursuing higher education in institutions based in India, you can get  maximum loan up to 30 lakhs without any collateral. 100% financing with zero processing fee can be availed with quick sanction at nearest Campus Branch or more than 5000 other selected branches all over India. Their is also an easy option to repay loan amount in up to 15 years after Course is completed with an additional 12 months of repayment holiday. For more details visit here SBI Scholar Loan.

For pursuing higher education in institutions based in India, you can get maximum loan up to 30 lakhs without any collateral under SBI Scholar Loan Scheme.
SBI Scholar Loan Website

Eligibility for SBI Scholar Loan Scheme

Sanction of the Loan is for students only or we can simply say Indian Nationals who want to pursue higher education in India in any of the Selected 114 Premier Institutions. List A and List B given below are the names of 114 institutions from where the students can avail the scholar’s loan.

LIST A

S.N0.INSTITUTION
1All India Institute of Medical Sciences (AIIMS), Delhi
2Armed Forces Medical College (AFMC), Pune
3Bangalore Medical College (BMC), Bangalore
4Birla Institute of Technology & Sciences(BITS) – Pilani
5BITS (Pilani) Goa Campus
6BITS (Pilani) Hyderabad Campus, Hyderabad
7Christian Medical College (CMC), Ludhiana
8Christian Medical College (CMC), Vellore
9Department of Industrial & Management Engineering, IIT Kanpur
10Dept of Management Studies, IIT, Delhi
11Grant Medical  College (GMC), Mumbai
12Indian Institute of Management(IIM),  Kashipur
13Indian Institute of Management(IIM),  Ranchi
14Indian Institute of Management(IIM),  Rohtak
15Indian Institute of Management(IIM),  Shillong
16Indian Institute of Management(IIM),  Trichy
17Indian Institute of Management(IIM),  Udaipur
18Indian Institute of Management(IIM), Ahmedabad
19Indian Institute of Management(IIM), Bangalore
20Indian Institute of Management(IIM), Indore
21Indian Institute of Management(IIM), Kolkata
22Indian Institute of Management(IIM), Kozikode
23Indian Institute of Management(IIM), Lucknow
Indian Institute of Management-Lucknow  (Noida  Campus)
24Indian Institute of Management(IIM), Raipur
25Indian Institute of Technology,  Bhubaneshwar
26Indian Institute of Technology,  Chennai
27Indian Institute of Technology,  Delhi
28Indian Institute of Technology,  Gandhinagar
29Indian Institute of Technology, Guwahati
30Indian Institute of Technology,  Hyderabad
31Indian Institute of Technology,  Indore
32Indian Institute of Technology,  Jodhpur
33Indian Institute of Technology , Kanpur
34Indian Institute of Technology,  Kharagpur
35Indian Institute of Technology , Mandi
36Indian Institute of Technology, Mumbai
37Indian Institute of Technology , Patna
38Indian Institute of Technology , Roopnagar
39Indian Institute of Technology , Roorkee
40Indian School of Business(ISB), Hyderabad
Indian School of Business(ISB)-Mohali Campus
41Indian School Of Mining – Dhanbad
42IT BHU , (IIT Varanasi)  Banaras
43Jawaharlal Institute of Post-Graduate Medical Education and Research (JIPMER), Pondicherry
44Kasturba Medical College (KMC), Manipal
45King Edward Medical College (KEMC), Mumbai
46Lady Hardinge Medical College (LHMC), Delhi
47Madras Medical College (MMC), Chennai
48Management Development Institute (MDI), Gurgaon
49Maulana Azad Medical College (MAMC), Delhi
50Post Graduate Institute of Medical Education & Research (PGIMER), Chandigarh
51SJSOM, IIT – Mumbai
52St. John’s Medical College, Bangalore
53Xavier Labour Relations Institute(XLRI),  Jamshedpur

LIST B

S.NO. INSTITUTION
1Alagappa Chettiar College of Engineering & Technology (Anna University), Chennai
2Amrita School of Medicine (ASM), Kerala
3Birla Institute of Technology (Mesra), Ranchi
4Centre for Environmental Planning & Technology (CEPT), Ahmedabad
5College of Engineering , Pune
6College of Engineering, Guindy (Anna University), Chennai
7College of Structural & Architectural Planning (Anna University), Chennai
8Dayanand Medical College (DMC), Ludhiana
9Delhi College of Engineering (DCE), Delhi
10Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar
11Dr. B R Ambedkar National Institute of Technology (NIT), Jalandhar
12Faculty of Engineering & Technology, Jadavpur University, Kolkata
13Faculty of Management Studies (FMS), Delhi
14Indian Institute of Foreign Trade (IIFT), Delhi
15Indian Institute of Foreign Trade (IIFT), Kolkata Campus
16Indian Institute of Forest Management (IIFM), Bhopal
17Indian Institute of Science (IISc), Bangalore
18Institute of Management Technology (IMT), Ghaziabad
19Institute of Rural Management (IRMA), Anand
20Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
21L N Mittal Institute of Information & Technology (LNMIIT), Jaipur
22Loyola Institute of Business Administration (LIBA), Chennai
23Madras Institute of Technology (Anna University), Chennai
24Malaviya National Institute of Technology (NIT), Jaipur
25Manipal Institute of Technology (MIT), Manipal
26Marine Engineering & Research Institute, Kolkata
27Maulana Azad National Institute of Technology (NIT), Bhopal
28Motilal Nehru National Institute of Technology (NIT), Allahabad
29Mudra Institute of Communication (MICA), Ahmedabad
30Narsee Monjee Institute of Management  Studies (NMIMS), Mumbai
31National Institute of Design (NID), Ahmedabad
32National Institute of Industrial Engineering (NITIE), Mumbai
33National Institute of Technology (NIT), Agartala
34National Institute of Technology (NIT), Calicut
35National Institute of Technology (NIT), Durgapur
36National Institute of Technology (NIT), Hamirpur, Himachal Pradesh
37National Institute of Technology (NIT), Jamshedpur
38National Institute of Technology (NIT), Kurukshetra
39National Institute of Technology (NIT), Patna
40National Institute of Technology (NIT), Raipur
41National Institute of Technology (NIT), Rourkela
42National Institute of Technology (NIT), Silchar
43National Institute of Technology (NIT), Srinagar
44National Institute of Technology (NIT), Surathkal
45National Institute of Technology (NIT), Tiruchirapalli
46National Institute of Technology (NIT), Warangal
47National Law School of India University (NLSIU), Bangalore
48National University of Juridical Sciences (NUJS), Kolkata
49Netaji Subash Institute Of Technology (NSIT), Delhi
50Nirma Institute of Management, Ahmedabad
51S P Jain Institute of Management and Research (SPJIMR), Mumbai
52Sardar Vallabh Bhai National Institute of Technology (NIT), Surat
53School of Planning & Architecture, New Delhi
54Symbiosis Centre For Management & HRD (SCMHRD), Pune
55Symbiosis Institute of Business Management (SIBM), Pune
56Tata Institute of Social Sciences (TISS), Mumbai
57University College of Engineering (UCE), Burla, Odisha
58University Institute of Chemical Technology (UICT), Mumbai
59Veermata  Jijabai Technological  Institute (VJTI), Mumbai
60Visvesvaraya National Institute of Technology (NIT), Nagpur
61Xavier Institute of Management (XIM), Bhubaneswar

Courses Covered

  1. Regular full time Degree / Diploma Coursesin which admission is gained through entrance test/ selection process.
  2. One can also take loan for the full time Executive Management Courses.

Expenses Covered under SBI Scholar Loan

  1. Payment of College/School/Hostel fees .
  2. Examination/ Library/ Laboratory fees are also covered.
  3. Purchase of Books/Equipment/Instruments etc.
  4. Caution deposit / building fund/ refundable deposit required by Institution bills/ receipts.
  5. Travel expenses/expenses on exchange program.
  6. Purchase of personal computer/laptop.

You must keep in mind that expenditure does not exceed 25% of the SBI Scholar Loan amount. Expenditure beyond 25% cap is permissible subjected to production of voucher/ receipt for the same.

Documents Required for SBI Scholar Loan
  1. Letter of admission along with completely filled in Loan Application Form.
  2. 2 recent passport size photographs.
  3. Statement of cost that might incur during study.
  4. P.A.N. Card of the student and Parent/Guardian.
  5. AADHAAR Card of the student and Parent/Guardian.
  6. ID Proof  (Driving Licence or Passport or Aadhaar or any photo identity).
  7. Proof of residence.
  8. Bank account statement for last 6 months.
  9.  IT return/ IT assessment order, of last 2 years of Parent or Guardian.
  10.  Income Proof (i.e. salary slips/Form 16) of Parent or Guardian.

One thought on “SBI Scholar Loan Scheme | Details and Pre-requisites

  1. Sir/ madam,
    Will i be able to get the loan of 17 lakhs for IIFT kolkata college as it is a college of list B. kindly provide me all the information via mail.

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