MBA Loan

I have completed BBA Degree. Now I also have selected for MBA Program in a Top Business School in Mumbai. So I have to apply for Education Loan at SBI Bank to deposit fee for MBA Program. So pls tell me education loan scheme of SBI Bank?

[Kiran Chandar]

The State Bank of India (SBI) is top bank in India.

It offers several types of loans schemes.

Here I am giving information about Education Loan Scheme of SBI:

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)

SBI SCHOLAR LOAN SCHEME
List ROI
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) Further concessions:
25 bps – if collateral security >= the loan amount
25 bps – work experience of more than 2 years

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)

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

State Bank of India Offline Education Loan Form