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SBI Education Loan Interest Rate 2024, SBI Education Loan Latest Updated Current Rate


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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 LimitEBRCRPEffective Interest RateRate Type
Upto Rs 7.5 Lakhs9.15%2.00%11.15%Floating
Concession0.50% concession in interest for girl students
Above Rs 7.5 Lacs9.15%2.00%11.15%Floating
Concession0.50% 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)
ListEBRCRPBusiness Strategy Premium/ DiscountEffective Interest RateRate Type
AAIITs9.15%0.00%(-) 1.05% to (-) 1.00%Starting 8.10%
(With or without co-borrower)
Floating
Other institutes9.15%0.05%(-) 1.15% to (-) 1.05%Starting 8.05%
(With or without co-borrower)
Floating
AIITs9.15%0.00%(-) 1.00%8.15%Floating
Other institutes9.15%0.50%(-) 1.00%8.65%Floating
BAll NITs9.15%0.50%(-) 1.00%8.65%Floating
Other institutes9.15%1.00%(-) 1.00%9.15%Floating
CAll NITs9.15%0.50%(-) 1.00%8.65%Floating
Other institutes9.15%1.50%(-) 1.00%9.65%Floating
SBI SKILL LOAN SCHEME
Loan LimitEBRCRPEffective Interest RateRate Type
Upto Rs 1.5 Lakhs9.15%1.50%10.65%Floating
ConcessionNo Further Concession
SBI GLOBAL ED-VANTAGE SCHEME
Loan LimitEBRCRPEffective Interest RateRate Type
Above Rs. 7.50 lakhs & Upto Rs 1.5 Cr9.15%2.00%11.15%Floating
Concession0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession0.50% concession for girl students
SBI TAKEOVER EDUCATION LOANS SCHEME
(Under Student Loan & Global Ed-Vantage Scheme)
Loan LimitEBRCRPEffective Interest RateRate Type
Above Rs 10 lakhs & Upto Rs 1.5 Cr9.15%2.00%11.15%Floating
Concession0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession0.50% concession for girl students
SHAURYA EDUCATION LOAN
(For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel)
Loan LimitEBRCRPEffective Interest RateRate Type
Upto 7.50 lakhs9.15%2.00%11.15%Floating
Concession0.50% concession in interest for girl students
Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr 
In case of Secured Loan9.15%2.00%11.15%Floating
In case of Unsecured Loan9.15%2.60%11.75%Floating
Concession0.50% 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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