Loan for MBA

Is State Bank of India (SBI) offers education loan to pursue MBA degree course ? if yes give detail about the loan .

[Kiran Chandar]

Yes , State Bank of India (SBI) offers education loan to pursue MBA degree course.

Eligible Courses:

Studies in India:

For Graduation, Post-graduation including regular technical and professional Degree/Diploma courses.

For Regular Degree/ Diploma Courses offered by autonomous institutions like IIT, IIM etc

For Teacher training/ Nursing courses approved by Central government or the State Government

For Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc.

For Vocational Training and Skill Development Study Courses .

Studies abroad:
For Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc..

Amount of Loan
For studies in India:
Maximum : Rs. 10 lacs

Studies abroad:
Maximum : Rs. 30 lacs

Interest Rates

Loan Amount :
Rate of Interest:

For loans upto Rs.4 lacs
3.50% above Base Rate, currently 13.20% p.a.

Above Rs.4 lacs and upto Rs.7.50 lacs
3.75% above Base Rate, currently 13.45% p.a.

Above Rs.7.50 lacs
1.75% above Base Rate, currently 11.45% p.a.

Repayment Tenure :

Place of Study :
Loan Amount :
Repayment Period:

Studies in India
Rs. 10.0 lacs
5-7 year

Studies Abroad
Rs. 30.0 lacs
5-7 year