Interest Rate For Education Loan In State Bank Of Hyderabad

Hello sir, I am Aman. I am from Delhi. I want you to help me by giving me some information about the interest rate for education loan in State Bank of Hyderabad. Can you give me some details about it?

[Shaleen]

As you have asked about the interest rate for education loan in State Bank of Hyderabad, I am giving you information about it, check below for the details

Amount of Loan :
For studies in India, maximum `10 lacs
Studies abroad, maximum `20 lacs

Margin :

For loans up to `4 lacs: No Margin

For loans above `4 lacs:
Studies in India: 5%
Studies Abroad: 15%

Security :
Amount: For loans upto `10 lacs for Studies in India and upto 20 lacs for
studies abroad

Upto `4 lacs: No Security

Above `4 lacs to `7.50 lacs: Collateral security in the form of suitable
third party guarantee.

Above `7.50 lacs.: Tangible collateral security of suitable value, along
with the assignment of future income of the student for payment of installments.

Interest rates:

Base Rate: 9.75% w.e.f:08-10-2015
Interest Rates Advances Segment Wise

Upto Rs. 4.00 Lacs – Not to exceed BPLR
Above Rs4.00 Lacs – Not to exceed BPLR +1%
Present Interest Rates:
Loans upto Rs. 4.00 Lacs – 11.50% (1% less than BMPLR)
Loans above Rs4.00 Lacs & UP TO Rs.10.00 Lacs – 12.50%
(0.50% less than BMPLR)
Loans above Rs.10.00 Lacs - 13.00% (At BMPLR)