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EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 10.12.2019)

The interest rates will remain same for entire period of loan

Education Loan Portal

Education Loan Scheme

SBI STUDENT LOAN SCHEME

Education Loan Scheme Loan Limit 3 Year MCLR Spread Effective Interest Rate Rate Type

Upto Rs 7.5
8.20% 2.00% 10.20% Fixed
Lacs

Concession 0.50% concession in interest for girl students

Above Rs
8.20% 2.00% 10.20% Fixed
7.5 Lacs

0.50% concession in interest for girl students

Concession
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

List 1 year MCLR Spread Effective Interest Rate Rate Type

AA ROI 7.90% 0.20% 8.10% Fixed

All IIMs & IITs 7.90 % 0.35% 8.25% Fixed

A
Other institutes 7.90% 0.50% 8.40% Fixed

All NITs 7.90% 0.50% 8.40% Fixed

B
Other institutes 7.90% 1.00% 8.90% Fixed

All NITs 7.90% 0.50% 8.40% Fixed

C
Other institutes 7.90% 1.50% 9.40% Fixed

PART-TIME COURSES
(Available only at mapped branches for 15 selected Institutions )

Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type

Upto Rs 7.5 Lacs 8.20% 2.00% 10.20% Fixed

Concession 0.50% concession in interest for girl students

SBI SKILL LOAN SCHEME

Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type 

Upto Rs 1.5 Lacs 8.20% 1.50% 9.70% Fixed

 Concession No Further Concession

SBI GLOBAL ED-VANTAGE SCHEME

Loan Limit 3 year MCLR Spread Effective Interest Rate Rate Type

Above Rs. 20 lacs

8.20% 2.00% 10.20% Fixed
& Upto Rs 1.5 Cr

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

Further
0.50% concession for girl students
Concession

SBI TAKEOVER OF COLLATERALISED EDUCATION LOANS SCHEME

3 year Effective Interest Rate

Loan Limit Spread
MCLR Rate Type

Above Rs 10 lacs & Upto Rs 1.5

8.20% 2.00% 10.20% Fixed
Cr

Concession 0.50% concession for girl students

Other Products

Education Loan Scheme Personal Loans Schemes Loan Against Securities And C

Education Loan Scheme Personal Loans Schemes Loan Against Securities

Consumer Durable Lo

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