State Bank of India
The importance of higher education and a professional degree from reputed educational institutions is growing in India. Along with the increasing awareness of significance of education to succeed in the knowledge economy, the cost for it is also rising enormously. In spite of this high expense, parents are still ready to bear the cost to fund their children’s education. The best way to go about it is through an education loan that funds their children’s learning and brightens their future. It is the most effective means to finance the higher education of your child.
Most of the banks in India provide a scheme for education loans, but its public sector banks and especially State Bank of India, is at forefront in giving education loans with maximum benefits to the borrower. State Bank of India is a government owned multinational financial service institution that was founded in 1921. The bank has a functional presence of over 14,000 branches in India, serving huge number of customers. It is one of the most trusted banks in the country. The bank has an assorted portfolio and apart from providing services in personal and international banking it also offers its very popular SBI education loan.
SBI education loan is divided into three different categories, offering three types of education loan to students, scholars and also for vocational training. The loans are designed to help students pursue higher studies both in India and abroad without having to worry about the necessary finance required for such studies since the bank takes care of the fees and other relevant course related expenses through the education loan.