Are you planning to study in India or abroad and need an education loan from State Bank of India (SBI)? You’re on the right track! SBI is one of the most trusted banks that offers education loans with low interest rates, long repayment periods, and flexible options for students.
But one of the most common questions students ask is:
“What are the documents required for education loan in SBI?”
Also Read: How to Get Education Loan Without Collateral and Co Applicant?
✅ Why Are These Documents Required?
SBI checks several things before giving a loan:
- Are you a genuine student with valid admission?
- Can your parents or guardians repay the loan?
- Is your course and college eligible?
- If you offer property as security, is it legal?
So, to prove all this, you need to submit some documents.
📂 What Are the Documents Required for Education Loan in SBI?
We’ve divided the documents into 3 categories:
1. 🧑🎓 Documents from Student (Loan Applicant)
| Document Type | Examples | Why It’s Needed |
| ID Proof | PAN Card, Passport, Aadhaar, Voter ID | To identify you |
| Address Proof | Aadhaar, Passport, Utility Bill, Driving License | To verify your address |
| Passport-size Photos | 2 recent photos | For the application form |
| Academic Records | 10th, 12th, UG Degree Marksheet & Certificates | To verify your education history |
| Entrance Exam Scores | GRE, GMAT, TOEFL, IELTS (for abroad studies) | For course eligibility |
| Admission Letter | Offer/Provisional Letter from university/college | To confirm admission |
| Fee Structure | University Brochure or Official Estimate | To know loan amount required |
| Bank Account Statement | Last 6–12 months (if available) | To see financial history |
🔎 Example:
Suppose you got admission to University of Toronto (Canada) for MS in Computer Science, and your fee letter shows:
- Tuition Fee: CAD 22,000/year
- Living Expenses: CAD 12,000/year
You must submit this letter with fees and expenses breakdown.
2. 👪 Documents from Co-applicant (Usually Parents)
SBI requires a co-applicant (parent/guardian) who can repay the loan if you can’t. Their documents are very important.
| Document Type | Examples | Why It’s Needed |
| ID Proof | PAN Card, Aadhaar, Passport, Voter ID | To identify co-applicant |
| Address Proof | Aadhaar, Electricity Bill, Driving License | To verify residence |
| Passport-size Photos | 2 recent photos | For documentation |
| Income Proof – Salaried | Last 3 months’ salary slips, 2 years’ Form 16, 2 years’ ITR, 6 months’ salary account statements | To show earning capacity |
| Income Proof – Self-employed | Business proof, 2 years ITR, CA-certified balance sheet, GST filings | For self-employed parents |
| Asset–Liability Statement | Self-declared or from CA | To check financial strength |
🔎 Example:
If your father is a government employee earning ₹60,000 per month, he must submit:
- Last 3 salary slips
- Form 16 for last 2 years
- 6 months’ bank statements
- PAN and Aadhaar
3. 🏡 Documents for Collateral (if loan amount is above ₹7.5 lakh)
SBI offers secured loans for large amounts, especially for overseas education. If you’re applying for a loan above ₹7.5 lakh, you may need to pledge a house, land, or flat as collateral.
| Document Type | Examples | Purpose |
| Property Title Deed | Registered sale deed, gift deed, etc. | To prove ownership |
| Latest Tax Receipt | Municipal tax paid bill | To show legality |
| Approved Building Plan | Map approved by municipal authority | To show construction approval |
| Encumbrance Certificate | Issued by Sub-Registrar office | To prove there’s no loan or case on the property |
| Occupancy Certificate | From builder or authority | For completed flats/apartments |
🔎 Example:
If your parents offer your home as collateral, SBI may ask for:
- Registered property paper
- Electricity bill
- Property tax bill
- Chain of ownership documents
(You can get these from your local municipal or registration office)
🧮 Simple Example: Loan Requirement and EMI Calculation
🎓 Case Study: Study Abroad in UK
- University: University of Birmingham
- Course: MSc Data Science (1 Year)
- Fee: £22,000 = ₹23,00,000 (approx.)
- Living Expenses: ₹8,00,000
- Travel + Other Costs: ₹1,00,000
- Total Expenses: ₹32,00,000
💸 Scholarship: ₹5,00,000
Loan Needed = ₹32,00,000 – ₹5,00,000 = ₹27,00,000
💳 EMI Calculation (If Repaying in 10 Years)
| Particulars | Amount |
| Loan Amount | ₹27,00,000 |
| Interest Rate (Example) | 9% per annum |
| Loan Tenure | 10 years |
| Approx. EMI | ₹34,160 per month |
| Total Repayment | ₹41,00,000 (approx.) |
Use SBI’s education loan EMI calculator online for exact numbers based on your interest rate and tenure.
📌 Step-by-Step Process to Apply for SBI Education Loan
- ✅ Collect all the required documents (as explained above).
- ✅ Go to the nearest SBI branch or use the YONO SBI app to apply online.
- ✅ Submit the application form with documents.
- ✅ SBI will verify your documents and may call for property inspection (if applicable).
- ✅ If everything is fine, you’ll get a loan sanction letter.
- ✅ The loan amount will be disbursed directly to your college/university or your account in parts (semester-wise).
✨ Tips for Faster Approval
- 🗂 Arrange all documents in order and keep extra photocopies.
- 🧾 Check if your university is listed in SBI’s approved institutions list.
- 💬 Write a simple SOP (Statement of Purpose) if asked, explaining why you need the loan.
- 📅 Apply at least 1–2 months before your course starts.
- 📲 Use the Vidya Lakshmi Portal or YONO app for easy application tracking.
📋 Downloadable Document Checklist
| For Student | For Co-applicant | For Collateral (if needed) |
| ✅ ID Proof | ✅ ID Proof | ✅ Title Deed |
| ✅ Address Proof | ✅ Address Proof | ✅ Tax Receipt |
| ✅ Academic Records | ✅ Income Proof | ✅ Encumbrance Certificate |
| ✅ Admission Letter | ✅ Passport-size Photos | ✅ Approved Map |
| ✅ Fee Structure | ✅ Asset-Liability Statement | ✅ Electricity Bill, etc. |
| ✅ Passport |
📝 Final Thoughts
SBI education loans are a great way to fund your higher education dreams. But without the right documents, your loan can be delayed or rejected. So start preparing now!Keep your documents safe, get them verified early, and apply at the right time.
With good planning, you can get your loan approved smoothly and start your study journey with confidence! 🌍📘