EDUCATION LOAN SCHEME

Education Loan    
SBI STUDENT LOAN SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs 7.5 Lacs

8.00%
2.00%
10.00%
1 year

Above Rs 7.5 Lacs

8.00%
2.75%
10.75%
1 year

Concession

0.50% concession in interest for girl students

Further Concession

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration


SBI SCHOLAR LOAN SCHEME
Category Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

List AA

8.00%
1.35%
9.35%
1 year

List A

All IIMs

8.00%
1.35%
9.35%
1 year

Other institutes

8.00%
1.55%
9.55%
1 year

List B

ROI

8.00%
1.85%
9.85%
1 year

Concession

0.25% – if collateral security >= the loan amount
0.25% – work experience of more than 2 years

Further Concession

(Effective rate of interest with both concessions not to be lower than 1.30% above 1 year MCLR presently, 9.30% p.a.)

List C

Upto Rs 7.5 lacs

8.00%
2.00%
10.00%
1 year

Above Rs 7.5 lacs

8.00%
2.60%
10.60%
1 year

Concession

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration


SBI SKILL LOAN SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs 1.5 Lacs

8.00%
1.50%
9.50%
1 year

Concession

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration


SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Above Rs. 20 lacs & Upto Rs 1.5 Cr

8.00%
2.50%
10.50%
1 year

Concession

0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank

Further Concession

0.50% concession for girl students


SBI EL TIE-UP WITH JAIN SANGH SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs. 4 Lacs

8.00%
2.00%
10.00%
1 year

Concession

0.50% concession in interest for girl students

Further Concession

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration


SBI BIHAR STUDENT CREDIT CARD SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs. 4 Lacs

8.00%
2.00%
10.00%
1 year

Concession

0.50% concession in interest for girl students

Further Concession

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration


SBI TAKEOVER OF EDUCATION LOANS SCHEME
Loan Limit Revised Floating Interest Rate linked to 1 year MCLR wef 01.01.2017
1 year MCLR Spread Effective Interest Rate Reset Period

Above Rs 10 lacs & Upto Rs 1.5 Cr

8.00%
2.50%
10.50%
1 year

Concession

0.50% concession for girl students