Which study costs can I cover with the SBI Global Ed-Vantage loan?
15 Oct 2026 · Answered by Soorya Sudheer · 1 min read
Quick Answer
verified
The SBI Global Ed-Vantage loan typically covers tuition fees, living expenses, travel, books and a laptop, exam and lab fees, project work and refundable deposits. Equipment and project costs are limited to 20% of tuition fees, and refundable deposits to 10%. Confirm with the bank.
The SBI Global Ed-Vantage education loan is designed to cover the main costs of studying abroad. Some items carry caps, so check the bank's current terms before you plan your budget.
Costs Covered
| Expense | What it includes |
|---|---|
| Tuition fees | Course and academic fees charged by the university |
| Living expenses | Hostel, rent and daily living costs |
| Travel costs | Flight tickets and travel expenses |
| Books and laptop | Books, study materials, computer and equipment |
| Exam and lab fees | Library, lab and examination charges |
| Project work | Thesis, internships, study tours and project expenses |
| Deposits | Refundable caution deposits and building funds |
Caps to Remember
- Equipment and project costs are capped at 20% of tuition fees.
- Refundable deposits are capped at 10% of tuition fees.
My Advice
List your expected costs against these categories and watch the caps on equipment, projects and deposits. Ask the bank for its latest terms in writing, as limits can change.
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