Education Loan Scheme - Interest Rates
Education Loan Scheme
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EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 15.04.2025)
The interest rates are linked to External Benchmark rate* (EBR) and will be floating for entire period of loan.
SBI STUDENT LOAN SCHEME | |
---|---|
Upto ₹7.50 lakh Without Security | 10.65% |
Above ₹7.50 lakh With Security | 9.65% |
Takeover above ₹10.00 lakh with Security | 9.65% |
0.50% concession in interest for girl students |
SBI SCHOLAR LOAN SCHEME | ||||||
---|---|---|---|---|---|---|
For select institutions | 7.65% to 9.15% | |||||
Takeover (above Rs. 10.00 Lacs) | 7.65% to 9.15% | |||||
Click here for list of select Scholar Loan institutions |
SBI GLOBAL ED-VANTAGE SCHEME | ||||
---|---|---|---|---|
Above ₹7.50 lakh to ₹3.00 crore With Security | 9.65% | |||
Takeover (above ₹10.00 lakh) with Security | 9.65% | |||
0.50% concession in interest for girl students | ||||
For select institutions | ||||
Above ₹7.50 lakh to ₹50.00 Lakh Without Security | 9.65% | |||
Above ₹7.50 lakh to ₹3.00 crore With Security | 9.15% | |||
Takeover (above Rs. 10.00 lakh) | 9.15% to 9.65% | |||
Click here for list of select Global Ed-Vantage institutions |
SHAURYA EDUCATION LOAN (For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel) |
||||
---|---|---|---|---|
Upto 7.50 lakh Without Security | 10.65% | |||
Above ₹ 7.50 lakh upto ₹ 40.00 lakh Without Security | 10.15% | |||
Above ₹7.50 lakh With Security | 9.65% | |||
Takeover (above Rs. 10.00 lakh) | 9.65% to 10.65% | |||
0.50% concession in interest for girl students |
SBI SKILL LOAN SCHEME | ||||||
---|---|---|---|---|---|---|
Upto ₹7.50 lakh Without Security | 10.15% |
*EBR = Repo Rate + Spread,
Currently: Repo rate = 6.00%, Spread = 2.65%, EBR = 8.65%
Mean Rate of Interest (Q3 FY25) 10.31%
Last Updated On : Monday, 21-04-2025

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
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Criteria
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Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
6.50% p.a.
for loan amount up to Rs. 2 lacs
8.65% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs