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SBI Educational Loan - Secured

Published version 1 · Checked 1 Oct 2026

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Loan type
Education
Minimum amount
MUR 500,000.00
Maximum amount
Not published
Minimum term (months)
Not published
Maximum term (months)
240
Minimum annual interest rate

A yearly interest percentage. In a reducing-balance estimate, interest is charged on the amount still owed. Fees may be extra.

Not published
Maximum annual interest rate

A yearly interest percentage. In a reducing-balance estimate, interest is charged on the amount still owed. Fees may be extra.

Not published
Rate type
Not published
Rate basis
Not published
Rate qualifier
Quote required
Reference rate
Not published
Reference rate value (p.a.)
Not published
Published margin (p.a.)
Not published
Reference rate as of
Not published
APR

A yearly cost measure that includes interest and specified charges. Check the bank’s definition; it is different from the nominal interest rate.

Not published
APR basis
Not published
Minimum monthly income
Not published

About this loan

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.

Costs not yet priced

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

Rate evidence

  • 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.
Sources & verification (7 facts)
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.

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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 (opens in a new tab)Open supporting document (opens in a new tab)
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.

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