EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 10.10.2019)

Education Loan    
SBI STUDENT LOAN SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs 7.5 Lacs

8.25%
2.00%
10.25%
No reset

Concession

0.50% concession in interest for girl students

Above Rs 7.5 Lacs

8.25%
2.00%
10.25%
No reset

Concession

0.50% concession in intrest 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
List 1 year MCLR Spread Effective Interest Rate Reset Period

AA

ROI

8.05%
0.20%
8.25%
No reset

A

All IIMs & IITs

8.05%
0.35%
8.40%
No reset

Other institutes

8.05%
0.50%
8.55%
No reset

B

All NITs

8.05%
0.50%
8.55%
No reset

Other institutes

8.05%
1.00%
9.05%
No reset

C

All NITs

8.05%
0.50%
8.55%
No reset

Other institutes

8.05%
1.50%
9.55%
No reset


PART-TIME COURSES
(Available only at mapped branches for 15 selected Institutions )
Loan Limit 3 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs 7.5 Lacs

8.25%
2.00%
10.25%
No reset

Concession

0.50% concession in interest for girl students

 

SBI SKILL LOAN SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Reset Period

Upto Rs 1.5 Lacs

8.25%
1.50%
9.75%
1 year

Concession

No Further Concession

 

SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Reset Period

Above Rs. 20 lacs & Upto Rs 1.5 Cr

8.25%
2.00%
10.25%
No reset

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 TAKEOVER OF COLLATERALISED EDUCATION LOANS SCHEME
Loan Limit 3 year MCLR Spread Effective Interest Rate Reset Period

Above Rs 10 lacs & Upto Rs 1.5 Cr

8.25%
1.00%
10.25%
No reset

Concession

0.50% concession for girl students