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  #2  
June 8th, 2017, 04:04 PM
Super Moderator
 
Join Date: Mar 2012
Re: Types of State Bank of India

The State Bank of India offers several types of Education Loans.

I am providing list of all types of Education Loan with their Interest Rates:

STATE BANK OF INDIA EDUCATION LOANS

SBI STUDENT LOAN SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Upto Rs 7.5 Lacs 8.00% 2.00% 10.00% 1 year
Above Rs 7.5 Lacs 8.00% 2.75% 10.75% 1 year
Concession 0.50% concession in interest for girl students

SBI SCHOLAR LOAN SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period

List AA
ROI 8.00% 0.40% 8.40% 1 year
Concession No Further Concession

List A
All IIMs 8.00% 0.40% 8.40% 1 year
Other institutes 8.00% 0.50% 8.50% 1 year
Concession No Further Concession

List B
ROI 8.00% 1.00% 9.00% 1 year
Concession 0.25% – if collateral security >= the loan amount
0.25% – work experience of more than 2 years
List C
ROI 8.00% 2.00% 10.00% 1 year
Concession 1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration

SBI SKILL LOAN SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Upto Rs 1.5 Lacs 8.00% 1.50% 9.50% 1 year
Concession 1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration

SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Above Rs. 20 lacs &
Upto Rs 1.5 Cr 8.00% 2.50% 10.50% 1 year
Concession 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession 0.50% concession for girl students

SBI EL TIE-UP WITH JAIN SANGH SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Upto Rs. 4 Lacs 8.00% 2.00% 10.00% 1 year
Concession 0.50% concession in interest for girl students

SBI BIHAR STUDENT CREDIT CARD SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Upto Rs. 4 Lacs 8.00% 2.00% 10.00% 1 year
Concession 0.50% concession in interest for girl students

SBI TAKEOVER OF EDUCATION LOANS SCHEME
Loan Limit 1 year Spread Effective Reset
MCLR Interest Rate Period
Above Rs 10 lacs &
Upto Rs 1.5 Cr 8.00% 1.50% 9.50% 1 year
Concession 0.50% concession for girl students


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