SBI Securities Ltd

The SBI Global Ed-Vantage loan can be used to cover the following expenses related to studying abroad:

• Tuition and Academic Fees: Fees payable to the college/university or hostel.

• Academic-Related Expenses: Examination, library, and laboratory fees.

• Travel Costs: Passage money or travel expenses for studies abroad.

• Course Materials: Purchase of books, equipment, instruments, uniforms, or computers, if required for course completion. Other course-related expenses, such as study tours, project work, or a thesis, may also be included, provided these costs do not exceed 20% of the total tuition fees.

• Deposits: Caution deposit, building fund, or refundable deposits supported by institutional receipts, up to 10% of the total tuition fees.

• Insurance Premium: Premium for life insurance or a credit life policy to enhance loan coverage.

• Margin: Scholarships or assistantships can be considered as part of the margin. Any margin contribution must be provided on a pro rata, year-on-year basis, along with loan disbursements.

• Processing Fee: ₹10,000 per application.

• Interest: Simple interest is charged during the course period and moratorium period.

• Minimum Loan Amount: ₹10 Lakhs

Education Loan

Education loan is offered by SBI bank and SSL act as a referral. Education loan is not an Exchange traded product. In case of any dispute investors will not have access to the Scores/ODR of Stock Exchange/SEBI investor redressal forum or Arbitration mechanism.

Documents Required for SBI Global Ed-Vantage Loan

1. Loan Application & Academic Proofs:

• Duly filled Loan Application Form

• Mark sheets of 10th, 12th, Graduation (if applicable) and Entrance Exam results

• Proof of admission (Offer Letter / Admission Letter / Student ID, if available)

• Schedule of course expenses

• Copies of letters for scholarship, freeship, etc.

• Gap certificate (if applicable; self-declaration for any study gap)

2. Photographs:

• Passport-sized photographs of Student, Parent, Co-borrower, and Guarantor (1 copy each).

3. Financial & Asset Details:

• Asset-Liability Statement of Co-applicant / Guarantor (for loans above ₹7.50 Lakhs)

• For Salaried Persons

• Latest Salary Slip

• Form 16 or the latest Income Tax Return (ITR V)

• For Self-Employed / Others:

  • Proof of business address (if applicable)

  • Latest Income Tax Return (if applicable)

• Bank Account Statement of Parent / Guardian / Guarantor for the last six months

• Collateral Documents: Sale Deed or other property documents / Photocopy of liquid security

4. Identity & Address Proof:

• Permanent Account Number (PAN) of Student, Parent, Co-borrower, and Guarantor

• Aadhaar Card (mandatory if eligible for GOI interest subsidy schemes)

• Passport (mandatory for studies abroad)

5. Officially Valid Documents (OVD) – One self-attested copy required:

• Passport

• Driving License

• Aadhaar Card

• Voter ID issued by the Election Commission of India

• NREGA Job Card

• A letter from the National Population Register with the name and address

6. Proof of Address (if OVD does not have an updated address):

• Utility bills(electricity, telephone,water, piped gas, post-paid mobile; not older than 2 months)

• Property or municipal tax receipts

• Pension or family pension payment orders (PPOs) from the government or PSUs

• Letter of accommodation allotment by employer (Central/State Govt, statutory/regulatory bodies, PSUs, banks, financial institutions, listed companies)