How the SBM Education Loan Campaign 2026 works:
• All eligible borrowers whose initial loan disbursement is effected between10 February 2026 and 10 July 2026 will automatically qualify for a lucky draw
• One winner will be selected to receive a monthly cash prize of MUR 10,000 for 12 consecutive months
The SBM Education Loan has been designed to provide financial support to students wishing to pursue higher studies at recognised universities and training centres in Mauritius and abroad.
With up to 100% funding of education-related expenses and competitive interest rates, the SBM Education Loan helps you focus on your studies while we take care of the financing.
Key Features
• Full financing of eligible education-related expenses covering tuition/exam fees, travel costs, accommodation/living expenses and other educational expenses
• Competitive interest rates on both secured and unsecured loan options
• Loan amount up to MUR 5,000,000 on unsecured loans
• Flexible repayment options up to 20 years on secured and 10 years on unsecured loans
• Up to 5 years moratorium on capital repayment
• Moratorium includes a ‘breathing period’ of one year after course completion to allow the student to ‘settle down’ or complete a pupillage where required
• Enjoy lower repayment instalment making the offer accessible and affordable to more people across different income groups
• Open to both SBM and NON - SBM customers
Consult the detailed Terms and Conditions of the SBM Educational Loan campaign here.
• Acceptance letter from the University/College/Training institution (final letter of acceptance to be submitted prior to disbursement)
• Quotation from University/ College/Training institution (including but not limited to fee structure, duration of studies, in-campus accommodation costs and costs of living)
• Air tickets receipts for travel cost (where applicable)
• Any other relevant documentary evidence justifying any other education related costs, which is acceptable to the Bank
For Salaried Borrowers:
•National Identity Card of applicant(s)
•Proof of address (not older than 3 months)
•Last 3 months' salary slips
For Self-Employed Borrowers:
•National Identity Card of applicant(s)
•Proof of address (not older than 3 months)
• Last 12 months' bank statements
•Latest tax returns and receipts / confirmation of filing done
•Details of trading income and expenditure
•Trade Licence (where applicable)
Who can borrow?
- Full-time course: The borrower should be the parents/relatives of the student
- Part-time course: The student can be the borrower or co-borrower with parents/relatives
Will SBM Education Loan finance all the expenses?
Yes, the SBM provides up to 100% financing for the studies and will cover expenses such as fees and accommodation (subject to supporting documentation).
What does a moratorium on capital repayment mean?
During the moratorium period, you will only pay interest on any amount disbursed thus easing your cash outflow.
Until what age can the loan amount be repaid?
The loan maturity date (a maximum of 10 years for unsecured loan or a maximum of 20 years for secured loan) should not exceed the retirement age of the borrower.
Can the parent give the child a credit card or a prepaid card?
SBM Education Loan offers the customer the possibility to give the child a free supplementary credit card. A prepaid card can also be provided to the child whereby the fees for the first card shall be waived.
What do we mean by “loan will be disbursed in tranches”?
For example: If a customer takes a loan of Rs 300,000 for a period of 3 years and for each year of study he needs to pay the university Rs 100,000. In the first year, the SBM will disburse Rs 100,000, in the second year another Rs 100,000 and in the third year the last sum of Rs 100,000.
How does the customer end up paying less interest when the loan is disbursed in tranches?
Taking the above-mentioned example into account, in the first year, only Rs 100,000 is disbursed. Interest is therefore payable on the disbursed amount only, i.e. Rs 100,000 rather than on the whole loan amount of Rs 300,000.
What are security options?
- For unsecured loans one acceptable guarantor may be required in some instances
- For secured loans tangible security namely fixed deposits,immovable property or nay other collaterals acceptable to the bank is required.