SBI Education Loan EMI Calculator with Moratorium

Short answer. From 15 October 2026, SBI’s study abroad loan, Global Ed-Vantage, charges 9.65%, or 9.15% at select institutions. Interest during the course and moratorium is simple, then added to the loan. On ₹40 lakh for a two-year course, that adds about ₹7.7 lakh before your first EMI of about ₹50,300.

SBI Education Loan EMI Calculator (with moratorium)

SBI scheme

Loan amount (₹ lakh)

Girl student

0.50% off where SBI offers it.

Course length (months)

Repayment holiday after the course

Use the period on your sanction letter.

How the loan is paid out

Interest during study

Repayment period (years)

Up to 15 years (180 EMIs).

Your own rate (optional, %)

Leave blank to use SBI’s published rate.

Interest rate used

Interest during course and holiday

Loan when EMIs start

Monthly EMI

Total interest

Total you repay

Processing fee (with 18% GST)

Enter your loan.

Uses SBI’s education loan rates effective 15 October 2026 and its scheme terms: simple interest during the course and repayment holiday, added to the principal when EMIs start, unless you pay it. Rates are floating and linked to SBI’s external benchmark, so your EMI moves with the repo rate. Your sanction letter is the final word.

SBI education loan interest rates from 15 October 2026

Scheme	Rate	Girl students
Global Ed-Vantage, with collateral (above ₹7.5 lakh to ₹3 crore)	9.65%	9.15%
Global Ed-Vantage, select institutions, no collateral (up to ₹50 lakh)	9.65%	No extra concession
Global Ed-Vantage, select institutions, with collateral	9.15%	No extra concession
Student Loan, up to ₹7.5 lakh, no collateral	10.15%	9.65%
Student Loan, above ₹7.5 lakh, with collateral	9.65%	9.15%
Scholar Loan, select institutions in India	7.15% to 7.90%	Not stated
PM-Vidyalaxmi: Utkarsh, Uttam, Uday	7.15%, 7.45%, 8.65%	Not stated

All of these are floating rates linked to SBI’s external benchmark rate, which is the repo rate plus a spread: 5.50% plus 2.65%, or 8.15%, at the time of writing. When the RBI moves the repo rate, your rate and EMI move with it.

What the moratorium really costs

SBI charges simple interest during the course and the repayment holiday that follows it. If you do not pay it, SBI adds it to the principal and fixes your EMI on the bigger amount. Take ₹40 lakh at 9.65% for a two-year master’s abroad, paid out in two yearly instalments, with a six-month holiday and 15 years to repay.

During study	Loan when EMIs start	EMI	Total repaid
Interest added to the loan	₹47.72 lakh	₹50,263	₹90.47 lakh
Interest paid as it falls due	₹40 lakh	₹42,132	₹83.56 lakh

The family pays the same ₹7.72 lakh of interest either way. Paying it during study stops it earning interest for 15 years, which saves about ₹6.9 lakh and ₹8,131 a month on the EMI.

Faz's rule
Pay the study-period interest if you can, even part of it.
The moratorium is a deferral, not a discount. Every rupee of interest you leave unpaid gets folded into the loan and charged interest for the next 15 years. SBI also confirms that if the full interest is paid before repayment starts, your EMI is fixed on the principal alone, and it charges no penalty for prepaying.

Processing fees and repayment terms

Global Ed-Vantage: 0.50% of the loan, minimum ₹10,000 and maximum ₹50,000, plus GST. Repayment starts 6 months after the course, over up to 15 years.
Student Loan: nil up to ₹10 lakh, ₹5,000 from ₹10 lakh to ₹20 lakh, and 0.50% above ₹20 lakh to a maximum of ₹25,000, plus GST. The scheme page gives a repayment holiday of the course plus 12 months, then up to 15 years.
Margin: nil up to ₹4 lakh, then 15% for study abroad on the Student Loan scheme.
Prepayment: no penalty.

SBI’s pages give different holidays for different schemes, so the calculator lets you pick 6 or 12 months. Use the figure on your own sanction letter. For the product itself, read our SBI education loan for abroad studies guide. To compare SBI with Bank of Baroda, use the Bank of Baroda education loan EMI calculator or the offer comparison calculator, and to see what the interest is worth at tax time, the section 80E calculator.

Questions people ask

What is the SBI education loan interest rate for study abroad in 2026?

From 15 October 2026, Global Ed-Vantage charges 9.65% with collateral, 9.15% for girl students, and 9.15% at select institutions with collateral. Collateral-free loans of up to ₹50 lakh at select institutions are 9.65%.

What is the EMI on a ₹40 lakh SBI education loan?

About ₹50,300 a month over 15 years at 9.65%, if the interest from a two-year course and six-month holiday is added to the loan. If the interest is paid during study, about ₹42,100.

Does SBI charge interest during the moratorium?

Yes. SBI charges simple interest during the course and the moratorium. If you do not pay it, it is added to the principal when repayment starts and your EMI is fixed on the larger amount.

Do girl students get a lower rate on SBI education loans?

A 0.50% concession on the Student Loan scheme and on standard Global Ed-Vantage loans. There is no extra concession on Global Ed-Vantage loans at select institutions.

Can I prepay an SBI education loan?

Yes, at any time, with no prepayment penalty. Paying off the study-period interest before repayment starts is the cheapest prepayment you can make.

Where these rules come from

Checked on 13 November 2026. SBI changes its rates when the repo rate or its spread changes, so check the current rate page before you sign.