Education Loan Scheme

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Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 20.02.2025)

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

Education Loan Portal

SBI STUDENT LOAN SCHEME
Without Collateral (Upto ₹7.50 lakh) 10.90%
With Collateral (Above ₹7.50 lakh) 9.90%
Takeover above ₹10.00 lakh (with collateral) 9.90%
0.50% concession in interest for girl students
SBI SCHOLAR LOAN SCHEME
For select institutions 7.90% to 9.40%
Takeover (above Rs. 10.00 Lacs) 7.90% to 9.40%
Click here for list of select Scholar Loan institutions
SBI GLOBAL ED-VANTAGE SCHEME
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 9.90%
Takeover above ₹10.00 lakh (with collateral) 9.90%
0.50% concession in interest for girl students
For select institutions
Without Collateral (Above ₹7.50 lakh to ₹50.00 Lakh) 9.90%
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 9.40%
Takeover (above Rs. 10.00 Lacs) 9.40% to 9.90%
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)
Without Collateral (Upto ₹40.00 lakh) 10.40% to 10.90%
With Collateral (Above ₹7.50 lakh upto ₹1.50 crore) 9.90%
Takeover (above Rs. 10.00 Lacs) 9.90% to 10.90%
0.50% concession in interest for girl students
SBI SKILL LOAN SCHEME
Without Collateral (Upto ₹1.50 lakh) 10.40%

*EBR = Repo Rate + Spread,
 Currently: Repo rate = 6.25%, Spread = 2.65%, EBR = 9.15%

Mean Rate of Interest (Q3 FY25) 10.31%


Last Updated On : Friday, 21-03-2025

Interest Rates

8.15% p.a.*

 

*T&C Apply.

 

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