Education Loan Scheme - Interest Rates
Education Loan Scheme
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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 | EBLR | 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 (Including PART-TIME COURSES for select institutes) | |||||
---|---|---|---|---|---|
List | EBLR | Spread | Effective Interest Rate | Rate Type | |
AA | All Institutes | 6.65% | 0.05% | 6.70% | Floating |
A | All IIMs | 6.65% | 0.05% | 6.70% | Floating |
All 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 | EBLR | 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 | EBLR | 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 | EBLR | 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 : Saturday, 05-02-2022

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
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Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
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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