Educational Loan - Secured

Build a repayment plan that fits your next move.

Enter your income, existing debt payments and everyday costs. Empty debt and expense amounts count as 0. Total income must be above zero. Review your actual costs before using this budget check; it is not bank approval.

Dependable monthly take-home salary (MUR)

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Existing monthly debt repayments (MUR)

Total loans, leases, card repayments and other debts. Enter monthly payments, not balances. Enter 0 if none; exclude this proposed new loan.

Monthly living expenses (MUR)

Groceries, rent, utilities, transport, childcare, insurance and a monthly share of annual bills. Exclude debt payments already entered. Enter 0 only if genuinely none.

I’m taking this loan jointly with my partner or another person

Do not treat allowances, overtime or bonuses that could stop as guaranteed base salary. Check whether you could still pay without them, even if a lender counts them.

Your budget figures will be used once a loan repayment estimate is available.

Personal budget estimate, not approval or the bank’s legal DTI calculation. The 45%/50% warnings are take-home budgeting markers. Loan fees, rate rises and any final balloon payment need a separate allowance.

Job loss does not stop loan repayments, bills or the need to eat. Keep an emergency reserve that includes debts until income resumes; finding another job may take longer than expected.

Understand the 50% rule and MCIB checks

Debt-to-income (DTI) is the share of your income used for all monthly debt repayments. A figure below 50% does not guarantee approval or mean a loan is affordable. Allow for essential spending and emergencies too. Banks also assess your circumstances and credit history, including information from the Mauritius Credit Information Bureau (MCIB).

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Plan an emergency fund

Keep some savings available for essential bills if your income stops or an unexpected cost arises. Money left after repayments is not all spare cash: it still needs to cover living costs and your emergency reserve.

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A little more detail, when you need it.

About this loan

Bank names, quoted passages and source-document text are shown in their original language. Translated explanations do not replace the bank’s terms.

SBI Educational Loan - Secured

SBI EDUCATIONAL LOAN Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes, recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification courses like Teacher Training Course/Nursing Courses offered by reputed institutions. Eligibility : Student pursuing studies abroad or in Mauritius Loan Amount : No limit (Subject to terms & conditions) Security : Unsecured loan: Up to Mur 500,000/- Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building Repayment : Unsecured loan: Maximum 15 years inclusive of Moratorium period Secured loan: Maximum 20 years inclusive of Moratorium period Moratorium : Repayment will commence 12 months after completion of course or 6 months after getting employment, whichever is earlier. Interest Payable monthly. Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building. Maximum 20 years inclusive of Moratorium period.

Eligibility and conditions

SBI EDUCATIONAL LOAN Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes, recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification courses like Teacher Training Course/Nursing Courses offered by reputed institutions. Eligibility : Student pursuing studies abroad or in Mauritius Loan Amount : No limit (Subject to terms & conditions) Security : Unsecured loan: Up to Mur 500,000/- Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building Repayment : Unsecured loan: Maximum 15 years inclusive of Moratorium period Secured loan: Maximum 20 years inclusive of Moratorium period Moratorium : Repayment will commence 12 months after completion of course or 6 months after getting employment, whichever is earlier. Interest Payable monthly. Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building. Maximum 20 years inclusive of Moratorium period.
Education-loan repayment includes a source-described moratorium; exact treatment requires confirmation.

Rates, limits and costs to confirm

Published annual rate: Not established

This is a published scheme rate. Eligibility, additional charges and the applicable terms still need to be checked.

Advertised bank pricing: Not established

No product-specific interest rate or APR was disclosed on the official SBI loans page; a borrower quote is required.

Terms and conditions apply and offers may change without prior notice.

Costs not yet priced

Interest, processing, insurance, valuation, legal, registration and settlement costs require product-specific confirmation.

Sources & verification (7 facts)

Name

Checked 1 Oct 2026

SBI Educational Loan - Secured

Document: SBI Mauritius retail loans

Document section: Product identity

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Product url

Checked 1 Oct 2026

https://mu.statebank/loans-and-advances

Document: SBI Mauritius retail loans

Document section: Canonical URL

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Estimate config

Checked 1 Oct 2026

SBI EDUCATIONAL LOAN Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes, recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification courses like Teacher Training Course/Nursing Courses offered by reputed institutions. Eligibility : Student pursuing studies abroad or in Mauritius Loan Amount : No limit (Subject to terms & conditions) Security : Unsecured loan: Up to Mur 500,000/- Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building Repayment : Unsecured loan: Maximum 15 years inclusive of Moratorium period Secured loan: Maximum 20 years inclusive of Moratorium period Moratorium : Repayment will commence 12 months after completion of course or 6 months after getting employment, whichever is earlier. Interest Payable monthly. Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building. Maximum 20 years inclusive of Moratorium period.

Document: SBI Mauritius retail loans

Document section: SBI Loans and Advances

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Loan type

Checked 1 Oct 2026

SBI Educational Loan - Secured

Document: SBI Mauritius retail loans

Document section: SBI Loans and Advances

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Rate qualifier

Checked 1 Oct 2026

No product-specific rate disclosed; quote required

Document: SBI Mauritius retail loans

Document section: SBI Loans and Advances

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Minimum amount

Checked 1 Oct 2026

SBI EDUCATIONAL LOAN Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes, recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification courses like Teacher Training Course/Nursing Courses offered by reputed institutions. Eligibility : Student pursuing studies abroad or in Mauritius Loan Amount : No limit (Subject to terms & conditions) Security : Unsecured loan: Up to Mur 500,000/- Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building Repayment : Unsecured loan: Maximum 15 years inclusive of Moratorium period Secured loan: Maximum 20 years inclusive of Moratorium period Moratorium : Repayment will commence 12 months after completion of course or 6 months after getting employment, whichever is earlier. Interest Payable monthly. Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building. Maximum 20 years inclusive of Moratorium period.

Document: SBI Mauritius retail loans

Document section: SBI Loans and Advances

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Maximum term (months)

Checked 1 Oct 2026

SBI EDUCATIONAL LOAN Designed for financing courses for diploma, under-graduate, post-graduate, courses by approved training institutes, recognized course providers & Universities locally & abroad. For job -oriented professional /Technical & certification courses like Teacher Training Course/Nursing Courses offered by reputed institutions. Eligibility : Student pursuing studies abroad or in Mauritius Loan Amount : No limit (Subject to terms & conditions) Security : Unsecured loan: Up to Mur 500,000/- Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building Repayment : Unsecured loan: Maximum 15 years inclusive of Moratorium period Secured loan: Maximum 20 years inclusive of Moratorium period Moratorium : Repayment will commence 12 months after completion of course or 6 months after getting employment, whichever is earlier. Interest Payable monthly. Secured loan: Above Mur 500,000/-: 1st Rank Fixed Charge on Land/building. Maximum 20 years inclusive of Moratorium period.

Document: SBI Mauritius retail loans

Document section: SBI Loans and Advances

Website section: Personal / Loans

Bank breadcrumbs: Personal Banking → Loans

Downloaded 1 Oct 2026, 22:40. Effective from: Not stated.

Where we found these terms Open supporting document

Product version 1 · 1 Oct 2026

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