Education Loan Scheme

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Education Loan Scheme
Education Loan Scheme
Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 15.06.2025)

The interest rates are linked to External Benchmark rate* (EBR) and will be floating for entire period of loan.

Education Loan Portal

SBI PM-Vidyalaxmi Scheme
PMVL-Utkarsh 7.15%
PMVL- Uttam 7.45%
PMVL- Uday 8.65%
SBI STUDENT LOAN SCHEME
Without Collateral (Upto ₹7.50 lakh) 10.15%
With Collateral (Above ₹7.50 lakh) 9.15%
Takeover (above ₹10.00 lakh, with collateral) 9.15%
0.50% concession in interest for girl students
SBI SCHOLAR LOAN SCHEME
For select institutions  7.15% to 7.90%
Takeover (above Rs. 10.00 Lacs) 7.15% to 7.90%
SBI GLOBAL ED-VANTAGE SCHEME
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 9.15%
Takeover (above ₹10.00 lakh, with collateral) 9.15%
0.50% concession in interest for girl students
For select institutions
Without Collateral (Above ₹7.50 lakh to ₹50.00 Lakh 9.15%
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 8.65%
Takeover (above Rs. 10.00 lakh) 8.65% to 9.15%
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)
Without Collateral (Upto ₹7.50 lakh 10.15%
Without Collateral (Above ₹7.50 lakh up to ₹ 40 lakh) 9.15%
With Collateral (Above ₹7.50 lakh up to ₹1.50 crore) 9.15%
Takeover (above Rs. 10.00 lakh) 9.15% to 10.15%
0.50% concession in interest for girl students
SBI SKILL LOAN SCHEME
Without Collateral (Upto ₹7.50 lakh) 9.65%

*EBR = Repo Rate + Spread,
 Currently: Repo rate = 5.50%, Spread = 2.65%, EBR = 8.15%

Mean Rate of Interest (Q4 FY25) 9.89%


Last Updated On : Wednesday, 20-08-2025

Interest Rates

7.05% p.a.*

 

*T&C Apply.

 

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