Try GOLD - Free
SBI Steps Up Heat With Large Collateral-Free Study Loans
Hindustan Times Noida
|January 06, 2025
India's largest lender State Bank of India (SBI) has begun offering collateral-free study loans of up to ₹50 lakh for students heading to top foreign universities, entering an arena dominated by top private lenders.
MUMBAI: The move may prompt more lenders to raise loan caps to attract students headed abroad, industry experts said.
Students enrolling at Massachusetts Institute of Technology, Imperial College London, University of Oxford, Harvard University and University of Cambridge can access collateral-free loans up to the new limit, the bank's website showed. Though SBI has not announced the higher loan limit and did not respond to an emailed query, consultants working with the bank said the cap was raised in November-December.
The cost of studying abroad can cross ₹1 crore in tuition fees and accommodation expenses. Given that more Indians head out to foreign colleges every year, other lenders too are expected to follow suit, non-banking financial companies (NBFCs) and sector analysts said.
This story is from the January 06, 2025 edition of Hindustan Times Noida.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Noida
Hindustan Times Noida
‘Handling pressure of being hosts key to India’s ambitions in WC’
Few names in women’s cricket carry as much weight as Belinda Clark's. A pioneer, record-holder and administrator, Clark has been a trailblazer but also witnessed the evolution of the game.
3 mins
October 03, 2025
Hindustan Times Noida
Karan hits back at ex, Anusha, later deletes his Insta post
Actor Karan Kundrra has hit back at allegations made by his former girlfriend, actor-host Anusha Dandekar, who recently suggested he had been unfaithful during their three-and-a-half-year relationship.
1 min
October 03, 2025
Hindustan Times Noida
Doyen of classical music who transcended genres and enriched India’s cultural legacy
{ PANDIT CHHANNULAL MISHRA } 1936-2025
1 min
October 03, 2025
Hindustan Times Noida
Hexaware faces $500 million patent lawsuit
American information technology (IT) services firm Natsoft Corp. sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one of the biggest patent cases against an Indian IT firm.
2 mins
October 03, 2025
Hindustan Times Noida
At UNHRC, India slams Pak for 'hypocrisy' over human rights
India slammed Pakistan at the 60th session of the United Nations Human Rights Council (UNHRC) in Geneva, for its “hypocrisy” on human rights and highlighting the persecution of minorities within Pakistan.
1 mins
October 03, 2025
Hindustan Times Noida
DU keeps you grounded: Miss Universe India Manika
This 22-year-old student of Delhi University (DU) is no ordinary girl next door.
1 mins
October 03, 2025
Hindustan Times Noida
A colonial era prison lost to time
The Old Central Jail, once a Mughal 'serai' and later a colonial prison, exists today in fragments amid weed and a fading memory
3 mins
October 03, 2025
Hindustan Times Noida
{ DR GG PARIKH } 1924-2025 Veteran Gandhian leader, freedom fighter Parikh dies at 101
It was befitting that the last of the legendary Gandhians should die on Gandhi Jayanti. Dr GG Parikh who passed away on Thursday morning was one of those rare figures whose death at the age of 101 will be mourned not just by the grey eminences talking about a ‘second’ freedom movement, but also by hundreds of young grassroots workers for whom he was an inspiration, and as evidenced by many of them breaking down at his funeral in Mumbai.
2 mins
October 03, 2025
Hindustan Times Noida
Messi to visit India for 4-city tour in December
Lionel Messi on Thursday confirmed his participation in the much-anticipated GOAT Tour of India, calling itan “honour” to revisit the “passionate football nation” where he last played 14 years ago.
1 min
October 03, 2025
Hindustan Times Noida
First day, first show: Pace makes Windies crumble
India are only 41 runs away from taking a first innings lead with eight wickets in hand
3 mins
October 03, 2025
Listen
Translate
Change font size