#1
June 8th, 2017, 03:34 PM
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Types of State Bank of India
I have completed Bachelor Degree. Now I want to do MBA Degree from Top College in India. So I need to apply for Education Loan at State Bank of India. So tell me how many types of Education Loan are offered by State Bank of India?
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#2
June 8th, 2017, 04:04 PM
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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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