Education Loan Scheme

Interest RatesDeposit RatesReinvestment PlanSBI NRI Services - Interest Rates
Show More
Loan Schemes - Interest RatesMarginal Cost of fund based lending rateInterest Rate For Borrowers Other Than P Segment - Commercial LoansSME Interest RangeSMEBU 10 years interest rateInterest Rates On Pre Shipment Credit And Export Bill Discounting in Foreign Currency LoansInterest Rates On FCNB Loans To Exporters CorporatesProcessing FeesPenal Interest & Other ChargesMCLR Historical DataBenchmark Prime Lending Rate - Historical DataBase Rate - Historical DataOld Interest Rates - Last 10 YearsSME SegmentAgricultural SegmentSavings Bank DepositsRetail Domestic term depositsDomestic Bulk Term DepositsExternal Benchmark based Lending RateEBLR-Historical Data
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 Limit3 Year MCLRSpreadEffective Interest RateRate Type
Upto Rs 7.5 Lacs6.65%2.00%8.65%Floating
Concession0.50% concession in interest for girl students
Above Rs 7.5 Lacs6.65%2.00%8.65%Floating
Concession0.50% 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
List1 month MCLRSpreadEffective Interest RateRate Type
AAROI6.65%0.20%6.85%
(with co-borrower)		Floating
ROI6.65%0.30%6.95%
(with co-borrower)		Floating
AAll IIMs & IITs6.65%0.35%7.00%Floating
Other institutes6.65%0.50%7.15%Floating
BAll NITs6.65%0.50%7.15%Floating
Other institutes6.65%1.00%7.65%Floating
CAll NITs6.65%0.50%7.15%Floating
Other institutes6.65%1.50%8.15%Floating
PART-TIME COURSES
(Available only at mapped branches for 15 selected Institutions )
Loan Limit3 year MCLRSpreadEffective Interest RateRate Type
Upto Rs 7.5 Lacs6.65%2.00%8.65%Floating
Concession0.50% concession in interest for girl students
SBI SKILL LOAN SCHEME
Loan Limit3 year MCLRSpreadEffective Interest RateRate Type
Upto Rs 1.5 Lacs6.65%1.50%8.15%Floating
ConcessionNo Further Concession
SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit3 year MCLRSpreadEffective Interest RateRate Type
Above Rs. 20 lacs & Upto Rs 1.5 Cr6.65%2.00%8.65%Floating
Concession0.50% concession for students availing of SBI Rinn Raksha or any other existing life policy assigned in favour of our Bank
Further Concession0.50% concession for girl students
SBI TAKEOVER OF COLLATERALISED EDUCATION LOANS SCHEME
Loan Limit3 year MCLRSpreadEffective Interest RateRate Type
Above Rs 10 lacs & Upto Rs 1.5 Cr6.65%2.00%8.65%Floating
Concession0.50% concession for girl students

Last Updated On : Monday, 13-09-2021

Interest Rates

8.65% p.a.

 

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links