State Bank Of India Student Loan - 2018-2019 StudyChaCha

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Old June 8th, 2016, 04:49 PM
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Default State Bank Of India Student Loan

Sir I want to take the education loan from the State Bank of India so can you please tell me the 9intrest rate and the eligibility for the same
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Old June 8th, 2016, 05:19 PM
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Join Date: Dec 2012
Posts: 19,443
Default Re: State Bank Of India Student Loan

Hey the State Bank of India is an Indian multinational, public sector banking and financial services company

Education Loans Interest Rate


Loan Amount Rate of Interest

For loans upto Rs.7.5 lacs

2% above MCLR, currently 11.15% p.a.

Above Rs.7.50 lacs

1.70% above MCLR, currently 10.85% p.a.


List ROI

List AA
0.40% above MCLR i.e., 9.55% p.a. at present (UptoRs. 30 Lacs without collateral)

List A
0.50% above MCLR i.e., 9.65% p.a. at present (UptoRs. 20 Lacs without collateral, upto Rs. 30 with collateral)

List B
0.80% above MCLR i.e., 9.95% p.a. at present (UptoRs. 20 Lacs without collateral)

Further concessions:
0.25% Ė if collateral security >= the loan amount
0.25% Ė work experience of more than 2 years
(effective rate of interest with both concessions not to be lower than 0.40% above MCLR presently, 9.55% p.a.)

List C
1.90% above MCLR i.e. 11.05% p.a.(UptoRs. 7.5 Lacs without collateral, upto Rs. 30 with collateral)


You must have scored 60% in your 12ht exam and the 10th exam
Answered By StudyChaCha Member
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