Education Loan Scheme

Interest RatesDeposit RatesLoan Schemes - Interest RatesSBI NRI Services - Interest Rates
Show More
Marginal Cost of fund based lending rateReinvestment PlanInterest Rate For Borrowers Other Than P Segment - Commercial LoansSME Interest RangeSMEBU 10 years interest rateInterest Rates On Pre Shipment Credit And Export Bill Discounting in Foreign Currency LoansInterest Rates On FCNB Loans To Exporters CorporatesProcessing FeesPenal Interest & Other ChargesMCLR Historical DataBenchmark Prime Lending Rate - Historical DataBase Rate - Historical DataOld Interest Rates - Last 10 YearsSME SegmentAgricultural SegmentSavings Bank DepositsRetail Domestic term depositsDomestic Bulk Term DepositsExternal Benchmark based Lending RateEBLR-Historical DataSarvottamSmall Savings Schemes Interest rates
Education Loan Scheme

EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 05.11.2024)

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

Education Loan PortalMean Rate of Interest (Q4 FY24) 10.41%

SBI STUDENT LOAN SCHEME
Without Collateral (Upto ₹7.50 lakh) 11.15%
With Collateral (Above ₹7.50 lakh) 10.15%
Takeover above ₹10.00 lakh (with collateral) 10.15%
Further, 0.50% concession in interest for girl students
SBI SCHOLAR LOAN SCHEME
For select institutions 8.15% to 8.90%
Click here for list of select Scholar Loan institutions
SBI GLOBAL ED-VANTAGE SCHEME
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 10.15%
Takeover above ₹10.00 lakh (with collateral) 10.15%
For select institutions
Without Collateral (Above ₹7.50 lakh to ₹50.00 Lakh) 10.15%
With Collateral (Above ₹7.50 lakh to ₹3.00 crore) 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 Including Takeover Loan above ₹ 10 lakh)
Without Collateral (Upto ₹40.00 lakh) 10.65% to 11.15%
With Collateral (Above ₹7.50 lakh upto ₹1.50 crore) 10.15%
Further, 0.50% concession in interest for girl students
SBI SKILL LOAN SCHEME
Without Collateral (Upto ₹1.50 lakh) 10.65%

*EBR = Repo Rate + Spread,
 Currently: Repo rate = 6.50%
 Spread = 2.65%
 EBR = 9.15%


Last Updated On : Saturday, 21-12-2024

Interest Rates

8.15% p.a.*

 

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links