education loan scheme - sbi corporate website

ABOUT US AFFILIATES CORPORATE GOVERNANCE INVESTOR RELATIONS CONTACT US CUSTOMER CARE

SEARCH SBI SITE

HOME

Interest Rates

Deposit Rates

Savings Bank Deposits

NRI

Loan Schemes Interest

Rates

Home Loans Interest

Rates With Effect From

13.04.2015

Auto Loans

Education Loan Scheme

Personal Loans Schemes

Loans against Securities

Gold Loans

Loans against Property

SBI Career Loan

Processing Fees

Penal Interest & Other

Charges

Agricultural Segment

SME Segment

Old Interest Rates (Last 10

Years)

Interest Rate For

Borrowers Other Than P

Segment

Interest Rates On FCNB

Loans To Exporters

Corporates

Base Rate (Historical

Data)

Benchmark Prime Lending

Rate (Historical Data)

SBI Corporate Website Interest Rates Loan Schemes - Interest Rates Education Loan Scheme

EDUCATION LOAN SCHEME

Base Rate 9.85% w.e.f. 10.04.2015

EDUCATION LOANS

1) SBI STUDENT LOAN SCHEME

Loan Amount Rate of Interest*

For loans upto Rs.4 lacs 3.50% above Base Rate, currently 13.35% p.a.

Above Rs.4 lacs and upto

Rs.7.50 lacs

3.75% above Base Rate, currently 13.60% p.a.

Above Rs.7.50 lacs 1.75% above Base Rate, currently 11.60% p.a.

*(0.50% concession in interest for girl students)

(1% concession for full tenure of the loan, if interest is serviced promptly as and when applied

during the moratorium period, including course duration#)

IT exemption under Section 80(E) in respect of interest paid in all Education Loans

2) SBI SCHOLAR LOAN SCHEME

List of 93 institutions (list enclosed)

Related Links – List of 93 institutions

Rate of Interest:

List ROI

List AA 25 bps above Base Rate i.e., 10.10% p.a. at present

List A 25 bps above Base Rate i.e., 10.10% p.a. at present

List B For loans upto Rs. 20 lacs (No Security, only Parent/ Guardian as co-borrower): 50 bps

above Base Rate i.e., 10.35% p.a. at present

Further concessions:

25 bps – if collateral security >= the loan amount

25 bps – work experience of more than 2 years

(effective rate of interest with both concessions not to be lower than 25 bps above Base

Rate presently, 10.10% p.a.)

List C 175bps above Base rate i.e. 11.60% p.a.

1% concession for full tenure of the loan, if interest is serviced promptly as and when

applied during the moratorium period, including course duration#

Click here for List of Institution

IT exemption under Section 80(E) in respect of interest paid in all Education Loans

3) SBI LOAN SCHEME FOR VOCATIONAL EDUCATION AND TRAINING

Rate of Interest

3.50% above Base Rate, currently 13.35% p.a.

1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during

the moratorium period, including course duration#

OnlineSBI : Internet

Banking Pay Your Utility

Bill 24 X 7!

Internet Banking

Interest Rates

Quick Links

Select Services

SBI Quick Links

LOCATORS

PRODUCTS / SERVICES

AGRICULTURAL/ RURAL

NRISERVICES

INTERNATIONALBANKING

GROUPCOMPANIES

CORPORATEBANKING SERVICES

SBI Official

Face Book

SBI Official

Twitter Link

SBI Official

You tube Link

IT exemption under Section 80(E) in respect of interest paid in all Education Loans

ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE.

© Copyright State Bank of India

SBI Official

Face Book

SBI Official

Twitter Link

SBI Official

You tube Link

PERSONALBANKING

AGRICULTURAL/ RURAL

NRISERVICES

INTERNATIONALBANKING

GROUPCOMPANIES

CORPORATEBANKING SERVICES