Education Loan Scheme

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Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 15.04.2025)

The interest rates are linked to External Benchmark rate* (EBR) and will be floating for entire period of loan.

Education Loan Portal

SBI PM-Vidyalaxmi Scheme
PM VL-Utkarsh 7.65%
PMVL- Uttam 7.95%
PMVL- Uday 9.15%
SBI STUDENT LOAN SCHEME
Upto ₹7.50 lakh Without Security 10.65%
Above ₹7.50 lakh With Security 9.65%
Takeover above ₹10.00 lakh with Security 9.65%
0.50% concession in interest for girl students
SBI SCHOLAR LOAN SCHEME
For select institutions (New & Takeover) 7.55% to 9.15%
SBI GLOBAL ED-VANTAGE SCHEME
Above ₹7.50 lakh to ₹3.00 crore With Security 9.65%
Takeover (above ₹10.00 lakh) with Security 9.65%
0.50% concession in interest for girl students
For select institutions
Above ₹7.50 lakh to ₹50.00 Lakh Without Security 9.65%
Above ₹7.50 lakh to ₹3.00 crore With Security 9.15%
Takeover (above Rs. 10.00 lakh) 9.15% to 9.65%
Click here for list of select Global Ed-Vantage institutions
SHAURYA EDUCATION LOAN
(For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel)
Upto 7.50 lakh Without Security 10.65%
Above ₹ 7.50 lakh upto ₹ 40.00 lakh Without Security 10.15%
Above ₹7.50 lakh With Security 9.65%
Takeover (above Rs. 10.00 lakh) 9.65% to 10.65%
0.50% concession in interest for girl students
SBI SKILL LOAN SCHEME
Upto ₹7.50 lakh Without Security 10.15%

*EBR = Repo Rate + Spread,
 Currently: Repo rate = 6.00%, Spread = 2.65%, EBR = 8.65%

Mean Rate of Interest (Q3 FY25) 10.31%


Last Updated On : Thursday, 05-06-2025

Interest Rates

7.55% p.a.*

 

*T&C Apply.

 

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