State Bank of India Scholar Loan

Hey buddy I want some information about State Bank of India Scholar Loan for that will you please get the information about the loan?

[Shaleen]

On your demand buddy I will help you here to get the information about the State Bank of India Scholar Loan so that you can also apply easily.

Here I’m telling you about loan
1) SBI STUDENT LOAN SCHEME

For loans upto Rs.4 lacs
2% above Base Rate, currently 11.30% p.a.

Above Rs.4 lacs and upto Rs.7.50 lacs
2% above Base Rate, currently 11.30% p.a.

Above Rs.7.50 lacs
1.70% above Base Rate, currently 11.00% p.a.

2) SBI SCHOLAR LOAN SCHEME

List AA

0.40% above Base Rate i.e., 9.70% p.a. at present (Upto Rs. 30 Lacs without collateral)

List A
0.40% above Base Rate i.e., 9.70% p.a. at present (Upto Rs. 20 Lacs without collateral, upto Rs. 30 with collateral)

List B
0.65% above Base Rate i.e., 9.95% p.a. at present (Upto Rs. 20 Lacs without collateral)
Further concessions:

0.25% – if collateral security >= the loan amount
0.25% – work experience of more than 2 years

(effective rate of interest with both concessions not to be lower than 0.40% above Base Rate presently, 9.70% p.a.)

List C
1.90% above Base rate i.e. 11.20% p.a.(Upto Rs. 7.5 Lacs without collateral, upto Rs. 30 with collateral)

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration#


Address:-
State Bank of India
3rd Floor, G Block, Synergy Buidling, Bandra Kurla Complex-bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211