Best Student Loan Bank

I have completed Bachelor Degree. Now I want to do PGDM Course in Top Business School in India. So I want to apply for Student Loan. So tell me in which bank I should apply for Student Loan?

[Shaleen]

There are several Banks in India. Those are Govt Banks, PSU Banks and Private Banks.

All Banks provide Education Loan for students who want to go for higher study.

The rate of interest for Education Loan is similar in all Govt and PSU Banks. So students can apply for this Loan at any Bank.

Here I am giving interest rate for Education Loan in SBI Bank for your reference:
Base Rate 9.30% w.e.f. 05.10.2015

State Bank of India Education Loan
1) SBI STUDENT LOAN SCHEME
Loan Amount Rate of Interest*
For loans upto Rs.4 lacs 3.90% above Base Rate, currently 13.20% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs 4.15% above Base Rate, currently 13.45% p.a.
Above Rs.7.50 lacs 2.15% above Base Rate, currently 11.45% p.a.
(0.50% concession in interest for girl students)

2) SBI SCHOLAR LOAN SCHEME
List AA 40 bps above Base Rate i.e., 9.70% p.a. at present (Upto Rs. 30 Lacs without collateral)

List A 40 bps above Base Rate i.e., 9.70% p.a. at present (Upto Rs. 20 Lacs without collateral, upto Rs. 30 with collateral)

List B 65 bps above Base Rate i.e., 9.95% p.a. at present (Upto Rs. 20 Lacs without collateral)

List C 190 bps above Base rate i.e. 11.20% p.a.(Upto Rs. 7.5 Lacs without collateral, upto Rs. 30 with collateral)

3) SBI LOAN SCHEME FOR VOCATIONAL EDUCATION AND TRAINING
3.90% above Base Rate, currently 13.20% p.a.

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration#