Education Loan Scheme - Interest Rates
Education Loan Scheme
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EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 15.06.2022)
The interest rates will be floating for entire period of loan
Education Loan Portalmean rate of interest 8.86%.
SBI STUDENT LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Upto Rs 7.5 Lakhs | 7.55% | 2.00% | 9.55% | Floating |
Concession | 0.50% concession in interest for girl students | |||
Above Rs 7.5 Lacs | 7.55% | 2.00% | 9.55% | 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 PART-TIME COURSES for select institutes) | ||||||
---|---|---|---|---|---|---|
List | EBR | CRP | Discount | Effective Interest Rate | Rate Type | |
AA | ROI | 7.55% | 0.20% | (-) 0.60 | 7.00% (With or withut co-borrower) |
Floating |
A | All IIMs & IITs | 7.55% | 0.35% | (-) 0.60 | 7.30% | Floating |
Other institutes | 7.55% | 0.50% | (-) 0.60 | 7.45% | Floating | |
B | All NITs | 7.55% | 0.50% | (-) 0.60 | 7.45% | Floating |
Other institutes | 7.55% | 1.00% | (-) 0.60 | 7.95% | Floating | |
C | All NITs | 7.55% | 0.50% | (-) 0.60 | 7.45% | Floating |
Other institutes | 7.55% | 1.50% | (-) 0.60 | 8.45% | Floating |
SBI SKILL LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Upto Rs 1.5 Lacs | 7.55% | 1.50% | 9.05% | 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 | 7.55% | 2.00% | 9.55% | 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 OF COLLATERALISED EDUCATION LOANS SCHEME | ||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Above Rs 10 lacs & Upto Rs 1.5 Cr | 7.55% | 2.00% | 9.55% | Floating |
Concession | 0.50% concession for girl students |
SHAURYA EDUCATION LOAN (For wards of Defence & Indian Coastal Guard Officers) |
||||
---|---|---|---|---|
Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
Upto 7.50 lakhs | 7.55% | 2.00% | 9.55% | Floating |
Concession | 0.50% concession for girl students | |||
Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr | ||||
In case of Secured Loan | 7.55% | 2.00% | 9.55% | Floating |
In case of Unsecured Loan | 7.55% | 2.00% | 10.15% | 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 : Thursday, 11-08-2022

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years
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.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years