Education Loan Scheme

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Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 01.10.2022)

The interest rates will be floating for entire period of loan

Education Loan Portalmean rate of interest 9.37%.

SBI STUDENT LOAN SCHEME
Loan Limit EBR CRP Effective Interest Rate Rate Type
Upto Rs 7.5 Lakhs 8.55% 2.00% 10.55% Floating
Concession 0.50% concession in interest for girl students
Above Rs 7.5 Lacs 8.55% 2.00% 10.55% Floating
Concession 0.50% concession in interest for girl students
0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank
SBI SCHOLAR LOAN SCHEME (Including  TAKEOVER and PART-TIME COURSES for select institutes)
List EBR CRP Business Strategy Discount Effective Interest Rate Rate Type
AA All IITs 8.55% 0.00% (-) 0.60% 7.95%
(With or without co-borrower)		 Floating
Other institutes 8.55% 0.05% (-) 0.60% 8.00%
(With or without co-borrower)		 Floating
A All IITs 8.55% 0.00 (-) 0.60% 7.95% Floating
Other institutes 8.55% 0.50% (-) 0.60% 8.45% Floating
B All NITs 8.55% 0.50% (-) 0.60% 8.45% Floating
Other institutes 8.55% 1.00% (-) 0.60% 8.95% Floating
C All NITs 8.55% 0.50% (-) 0.60% 8.45% Floating
Other institutes 8.55% 1.50% (-) 0.60% 9.45% Floating
SBI SKILL LOAN SCHEME
Loan Limit EBR CRP Effective Interest Rate Rate Type
Upto Rs 1.5 Lacs 8.55% 1.50% 10.05% Floating
Concession No Further Concession
SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit EBR CRP Effective Interest Rate Rate Type
Above Rs. 7.50 lacs & Upto Rs 1.5 Cr 8.55% 2.00% 10.55% Floating
Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life policy assigned in favour of our Bank
Further Concession 0.50% concession for girl students
SBI TAKEOVER EDUCATION LOANS SCHEME
(Under Student Loan & Global Ed-Vantage Scheme)
Loan Limit EBR CRP Effective Interest Rate Rate Type
Above Rs 10 lacs & Upto Rs 1.5 Cr 8.55% 2.00% 10.55% Floating
Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession 0.50% concession for girl students
SHAURYA EDUCATION LOAN
(For wards of Defence & Indian Coast Guard )
Loan Limit EBR CRP Effective Interest Rate Rate Type
Upto 7.50 lakhs 8.55% 2.00% 10.55% Floating
Concession 0.50% concession for girl students
Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr        
In case of Secured Loan 8.55% 2.00% 10.55% Floating
In case of Unsecured Loan 8.55% 2.00% 11.15% Floating
Concession 0.50% concession for girl students
0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank

Last Updated On : Tuesday, 15-11-2022

Interest Rates

7.95% p.a.*

 

*T&C Apply.

 

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