The post-merger scenario of SBI with its 5 associate banks-State Bank of Travancore, the State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala and State Bank of Hyderabad sets a decisive point, with SBI joining the league of top 50 banks worldwide in terms of assets. The merged entity will be having a deposit base of more than ₹ 26 lakh crores and advances level of ₹ 18.50 lakh crore.
What is SBI Global Ed-Vantage Scheme ?
In a recent move, SBI has come up with SBI Global Ed-Vantage scheme, an overseas education loan for those students aspiring to avail higher education from the top institutions across the globe. Several prestigious Universities like Stanford, Harvard, MIT, INSEAD and others where meritorious students aspire for admission, the costly education affairs make them unable to do so.
In order to fulfill this unmet endeavor, State Bank of India, a leader in the banking arena has stepped in to fulfill the aspirations of such meritorious students so as to help enroll themselves in full-time regular courses in reputed foreign colleges or universities.
Faster Apply Online
SBI Global Ed-Vantage is a portal based web-student platform where students can instantly apply online. The integration of technology with SBI Global advantage makes it easier for all students to apply online within a click of the mouse.
Lighter Attractive Interest Rate
This global advantage scheme offered by SBI tends to prove lighter on your wallet. With attractive interest rates gives affordability to suit different kinds of educational pursuits from students across India. The interest rate offered by SBI under SBI Global Ed-Vantage scheme is 10.50%.
Higher ₹ 20 lakhs to ₹ 1.5 crores
Students have the flexibility to follow their dreams of studying abroad. SBI Global Ed-Vantage scheme launched by SBI disburses the loan amount starting from ₹ 20 lakhs upto ₹ 1.5 crores for full-time eligible courses in graduate/ post-graduate/doctorate in Science, Technology, Engineering, Mathematics, Medicine and Management in institutions/ universities of USA, UK, Canada, Australia, Europe, Singapore, Japan and Hong Kong.
Easier EMI over 15 years
Don’t need to worry once you enroll in your dream course as the repayment period of SBI Global Ed-Vantage will commence six months after the completion of the course. Now students can comfortably repay their EMIs in a period of upto 15 years after the course period.