Education and Career Forum

Helllo sir, I have completed MA in Economics and want to do PhD from best universities of London. Please tell me can I get an education loan under SBI Skill Loan Scheme? Procedure for it?

Yes, you may be able to get an education loan for your PhD under the SBI Skill Loan Scheme. The SBI Skill Loan Scheme provides financial assistance to individuals who are pursuing vocational education and training courses in India and abroad. The scheme provides loans up to Rs. 1.5 crore for students who want to pursue higher education courses like postgraduate and doctoral courses, both in India and abroad.

To apply for an education loan under the SBI Skill Loan Scheme, you will need to visit the nearest SBI branch and meet the bank's representative. You will be required to submit your admission letter, a cost estimate for your PhD program, your educational qualifications, and other relevant documents like your passport and visa (in case of studying abroad).

Once the bank verifies your documents, they will process your loan application. It is important to note that the loan approval process may take some time, and the bank may also require you to provide collateral security to avail of the loan.

Therefore, it is recommended that you visit your nearest SBI branch and speak with a representative to get more details on the loan application process, eligibility criteria, and interest rates.