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January 13th, 2016, 02:54 PM
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Join Date: Mar 2012
Rate of Interest on Education Loan in State Bank of India

Hello sir, I’m thinking to take education loan from SBI bank. And I want to know what is the rate of interest on education loan is applied by state bank of India?

SBI bank updated their new interest on education loan Base Rate 9.30% w.e.f. on 05.10.2015. This SBI bank provides 0.50% concession in interest for girl students and 1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration.


Education Loans interest rate:


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.


SBI Loan Scheme for Vocational Education and Training:

Rate of Interest is 3.90% above Base Rate, currently 13.20% 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

Last edited by Neelurk; June 24th, 2020 at 02:35 PM.
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