#1
October 12th, 2016, 01:43 PM
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SBI Higher Education Loan
Hello sir, after my graduation for higher education I want to get a loan from SBI. Is there any one can provide me interest rates for SBI Higher Education Loan?
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#2
October 12th, 2016, 02:16 PM
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Re: SBI Higher Education Loan
The State Bank of India is an Indian multinational financial services company that was founded in 1921. State Bank of India has an operational presence of over 14,000 branches in India serving millions of happy customers. SBI Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution. A separate loan scheme is offered for pursuing vocational education and training in India. SBI Student Loan Scheme Loan Amount Rate of Interest For loans upto Rs.7.5 lacs 2% above MCLR, currently 11.10% p.a Above Rs.7.50 lacs 1.70% above MCLR, currently 10.80% p.a Amount of Education Loan: A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan. SBI Scholar Loan Scheme Category of the educational institution Maximum Loan Limit Without Security With Security List AA Rs.30 Lakhs NA List A Rs.20 lakhs Rs.30 lakhs List B Rs.20 lakhs NA List C Rs.7.5 lakhs Rs.30 lakhs Interest Rates: Loan Amount Rate of Interest Up to Rs.4 lakhs 3.50% above base rate Above Rs.4 lakhs and up to Rs.7.5 lakhs 3.75% above base rate Above Rs.7.50 lakhs 1.75% above base rate |