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Education is the foundation for a brighter future, and financing higher studies can be made hassle-free with an SBI Education Loan. Known for its affordable interest rates, flexible repayment terms, and easy application process, State Bank of India (SBI) is a trusted name for educational loans in India. Whether you’re planning to study in India or abroad, SBI offers tailored solutions to meet your financial needs. Let’s have a look at the latest SBI Education Loan Interest rates.
SBI Education Loan Interest Rate 2024
| SBI STUDENT LOAN SCHEME | ||||
|---|---|---|---|---|
| Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
| Upto Rs 7.5 Lakhs | 9.15% | 2.00% | 11.15% | Floating |
| Concession | 0.50% concession in interest for girl students | |||
| Above Rs 7.5 Lacs | 9.15% | 2.00% | 11.15% | Floating |
| Concession | 0.50% concession in interest for girl students | |||
| 0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank | ||||
| SBI SCHOLAR LOAN SCHEME (Including TAKEOVER and PART-TIME COURSES for select institutes) | ||||||
|---|---|---|---|---|---|---|
| List | EBR | CRP | Business Strategy Premium/ Discount | Effective Interest Rate | Rate Type | |
| AA | IITs | 9.15% | 0.00% | (-) 1.05% to (-) 1.00% | Starting 8.10% (With or without co-borrower) | Floating |
| Other institutes | 9.15% | 0.05% | (-) 1.15% to (-) 1.05% | Starting 8.05% (With or without co-borrower) | Floating | |
| A | IITs | 9.15% | 0.00% | (-) 1.00% | 8.15% | Floating |
| Other institutes | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating | |
| B | All NITs | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating |
| Other institutes | 9.15% | 1.00% | (-) 1.00% | 9.15% | Floating | |
| C | All NITs | 9.15% | 0.50% | (-) 1.00% | 8.65% | Floating |
| Other institutes | 9.15% | 1.50% | (-) 1.00% | 9.65% | Floating | |
| SBI SKILL LOAN SCHEME | ||||
|---|---|---|---|---|
| Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
| Upto Rs 1.5 Lakhs | 9.15% | 1.50% | 10.65% | Floating |
| Concession | No Further Concession | |||
| SBI GLOBAL ED-VANTAGE SCHEME | ||||
|---|---|---|---|---|
| Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
| Above Rs. 7.50 lakhs & Upto Rs 1.5 Cr | 9.15% | 2.00% | 11.15% | Floating |
| 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 TAKEOVER EDUCATION LOANS SCHEME (Under Student Loan & Global Ed-Vantage Scheme) | ||||
|---|---|---|---|---|
| Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
| Above Rs 10 lakhs & Upto Rs 1.5 Cr | 9.15% | 2.00% | 11.15% | Floating |
| 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 | |||
| SHAURYA EDUCATION LOAN (For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel) | ||||
|---|---|---|---|---|
| Loan Limit | EBR | CRP | Effective Interest Rate | Rate Type |
| Upto 7.50 lakhs | 9.15% | 2.00% | 11.15% | Floating |
| Concession | 0.50% concession in interest for girl students | |||
| Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr | ||||
| In case of Secured Loan | 9.15% | 2.00% | 11.15% | Floating |
| In case of Unsecured Loan | 9.15% | 2.60% | 11.75% | Floating |
| Concession | 0.50% concession for girl students | |||
| 0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank | ||||
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