Education Loan Scheme - Interest Rates
Education Loan Scheme
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EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 04.08.2023)
The interest rates will be floating for entire period of loan
Education Loan PortalMean Rate of Interest 10.47%
SBI STUDENT LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Upto Rs 7.5 Lakhs | 9.15% | 2.00% | 11.15% | Floating |
Concession | 0.50% concession in interest for girl students | |||
Above Rs 7.5 Lacs | 9.15% | 2.00% | 11.15% | 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 | 9.15% | 0.00% | (-) 1.00% | 8.15% (With or without co-borrower) |
Floating |
Other institutes | 9.15% | 0.05% | (-) 1.00% | 8.20% (With or without co-borrower) |
Floating | |
A | All IITs | 9.15% | 0.00% | (-) 1.00% | 8.15% | Floating |
Other institutes | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating | |
B | All NITs | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating |
Other institutes | 9.15% | 1.00% | (-) 1.00% | 9.15% | Floating | |
C | All NITs | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating |
Other institutes | 9.15% | 1.50% | (-) 1.00% | 9.65% | Floating |
SBI SKILL LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Upto Rs 1.5 Lacs | 9.15% | 1.50% | 10.65% | 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 | 9.15% | 2.00% | 11.15% | 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 | 9.15% | 2.00% | 11.15% | 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 | 9.15% | 2.00% | 11.15% | Floating |
Concession | 0.50% concession for girl students | |||
Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr | ||||
In case of Secured Loan | 9.15% | 2.00% | 11.15% | Floating |
In case of Unsecured Loan | 9.15% | 2.60% | 11.75% | 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 : Monday, 14-08-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Loan Schemes Landing
Limited Time Offers - Unlimited Joy

Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above