Education Loan Scheme - Interest Rates
Education Loan Scheme
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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.
SBI PM-Vidyalaxmi Scheme | |
---|---|
PMVL-Utkarsh | 7.15% |
PMVL- Uttam | 7.45% |
PMVL- Uday | 8.65% |
- Present EBR is 8.65%
- Click here for QHEIs list
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 : Saturday, 21-06-2025

Interest Rates
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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Loan Against Securities And Consumer Durable Loans

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Interest Rates
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