Education Loan Interest In SBI

Hii sir, I wants to Apply for the Education Loan in the State bank of India Will you Please provide me the Interest Rates of the Education Loan of the State bank of India

[Rajkumar Agarwal]

SBI Education Loan is of three categories – for studies in India and abroad, for studies in premier Indian institutions and loan for pursuing vocational education and training.


Purpose:
SBI Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution. SBI Scholar Loan scheme is offered to students who have secured admissions in premier Indian institutions.

The following expenses are covered for both the student loan scheme and loan for vocational education.

Tuition and course fee
Examination, library and laboratory fees
Caution deposit
Cost of books, equipment and other instruments.


Amount of Education Loan:

SBI Student Loan Scheme
A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan.


Education Loan Interest Rates

Loan Amount Rate of Interest

For loans upto Rs.7.5 lacs 2% above MCLR, currently 11.10% p.a.

Above Rs.7.50 lacs 1.70% above MCLR, currently 10.80% p.a.


For more details you may Contact to the nearest branch of the State bank of India

Or For Enquiry you may Contact to the Customer Care number of State bank of India the number is As Follow

Customer service: 1800 425 3800