Education Loan Scheme

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Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 22.06.2021)

The interest rates will be floating for entire period of loan

Education Loan Portalmean rate of interest 8.68%.

SBI STUDENT LOAN SCHEME
Loan Limit 3 Year MCLR Spread Effective Interest Rate Rate Type
Upto Rs 7.5 Lacs 6.65% 2.00% 8.65% Floating
Concession 0.50% concession in interest for girl students
Above Rs 7.5 Lacs 6.65% 2.00% 8.65% 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
List 1 month MCLR Spread Effective Interest Rate Rate Type
AA ROI 6.65% 0.20% 6.85%
(with co-borrower)		 Floating
ROI 6.65% 0.30% 6.95%
(with co-borrower)		 Floating
A All IIMs & IITs 6.65% 0.35% 7.00% Floating
Other institutes 6.65% 0.50% 7.15% Floating
B All NITs 6.65% 0.50% 7.15% Floating
Other institutes 6.65% 1.00% 7.65% Floating
C All NITs 6.65% 0.50% 7.15% Floating
Other institutes 6.65% 1.50% 8.15% Floating
SBI SKILL LOAN SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type
Upto Rs 1.5 Lacs 6.65% 1.50% 8.15% Floating
Concession No Further Concession
SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type
Above Rs. 7.50 lacs & Upto Rs 1.5 Cr 6.65% 2.00% 8.65% 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 OF COLLATERALISED EDUCATION LOANS SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type
Above Rs 10 lacs & Upto Rs 1.5 Cr 6.65% 2.00% 8.65% Floating
Concession 0.50% concession for girl students

Last Updated On : Wednesday, 01-12-2021

Interest Rates

8.65% p.a.

 

*T&C Apply.

 

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