Skill Loan by SBI Bank

• Individuals who have secured admission and received the provisional admit letter.
• The candidates who’ve completed 12^th grade or graduates from any stream.
• There is no age restriction. Individuals who meet all the criteria and other parameters as per the Banks Education Loan policy.
• Co-applicant is mandatory, to be the parent(s)/guardian of the student borrower / in case of married person, co-obligator can be either spouse or the parent(s)/parents-in-law.) 
• Aadhaar (UID) is accepted for Know Your Customer (KYC) norms, in addition to other identity and address proof, as determined by the Bank.

Skill loan process:

Step 1: Receive the provisional admission form from ASAP

Step 2: Students should apply in the Vidya Lakshmi Portal, or they can directly approach the corresponding branch. Click here for detailed steps.

Note: A few branches will undertake this registration from the branch itself; students need to contact their desired branch to verify if they will undertake the application process. 

Step 3: Along with the downloaded form (Vidya Lakshmi Portal), signed by the parent and the student, all necessary documents must be submitted at the bank. Click here for the document checklist.

Note:

• Compulsory Account with SBI Bank.
• After submitting all the requisite details to the bank, it may take at least 4-5 days for the bank to process the details if the student is eligible for the loan.
• If the candidate does not possess a PAN card, they should apply for the same prior to the above-mentioned procedures. For this, students need an Aadhaar card with their Date of Birth mentioned in the same. This can be verified from an Akshaya Centre using their E-Aadhaar card. If the Date of Birth is not mentioned, students should get it updated in the Aadhaar card using their SSLC copy from an Akshaya centre.