SBI Education Loan

How much is the rate of interest on loan amount avail from State bank of India(SBI) against Education Loan Scheme?

[Shaleen]

State bank of India(SBI) offers Education Loan Scheme SBI Student Loan Scheme for the students who are eligible and secured admission for higher study .

Eligibility:
Loan granted to Indian Nationals for pursuing higher education in India or abroad .

Admission has been secured by student.

Rate of interest:

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.

Courses Covered
Studies in India:
Graduation, Post-graduation including regular technical and professional Degree/Diploma courses conducted by colleges/universities approved by UGC/ AICTE/IMC/Govt. etc

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

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

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

Studies abroad:
Job oriented professional/ technical Graduation Degree courses/ Post Graduation Degree and Diploma courses like MCA, MBA, MS, etc offered by reputed universities

Courses conducted by CIMA (Chartered Institute of Management Accountants) - London, CPA (Certified Public Accountant) in USA etc.