State Bank of India Education Loan Interest Rate - 2018-2019 StudyChaCha

Go Back   2018-2019 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old June 26th, 2016, 10:22 AM
Posts: n/a
Default State Bank of India Education Loan Interest Rate

Hello sir I am here as I want to know what is the Interest Rate for applying for Education Loan in State Bank of India so will you plesae tell me about this to me??
Reply With Quote
Old June 26th, 2016, 10:47 AM
Super Moderator
Join Date: Dec 2012
Posts: 19,443
Default Re: State Bank of India Education Loan Interest Rate

Hello!!!! Student Loan scheme is offered to Indian nations for pursuing higher studies in India or at a foreign institution.

SBI Scholar Loan scheme is offered to students who have secured admissions in premier Indian institutions.

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.

(0.50% concession in interest for girl students)
(1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration#)

Coverage of Expenses

-Fees payable to college/school/hostel
-Examination/Library/Laboratory fees
-Purchase of Books/Equipment/Instruments/Uniforms
-Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)
-Travel Expenses/Passage money for studies abroad
-Purchase of computers considered necessary for completion of course
-Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work etc.


-For studies in India - maximum Rs. 10 lacs
-For studies Abroad - maximum Rs. 20 lacs


-For loans up to Rs.4 lacs - No Margin
-For loans above Rs. 4 lacs
-- Studies in India - 5%
-- Studies abroad - 15%

For more details contact:
Corporate Centre
State Bank of India,
State Bank Bhawan, 8th floor, Madame Cama Road, Mumbai-400 021
Phone : 022-22029456, 22029451
Fax : 022-22885369
Answered By StudyChaCha Member
Reply With Quote
Sponsored Links

Other Discussions related to this topic
BOB Bank Gold Loan Interest Rate
State Bank Of Mysore Car Loan Interest Rate
Rate Of Interest On Personal Loan In Union Bank Of India
HDFC Bank Personal Loan Interest Rate
HDFC Education Loan Rate of Interest
Indian Bank Home Loan Interest Rate
Abhyudaya Bank Housing Loan Interest Rate
Dena Bank Personal Loan Interest Rate
South Indian Bank Car Loan Interest Rate
UCO bank education loan interest rate
Bank Of Maharashtra Education Loan Interest Rate
Syndicate bank education loan interest rate
Central Bank of India Rate Of Interest For Educational Loan
United Bank of India Education Loan Interest Rate
Union Bank of India Home Loan Interest Rate
Bank Of India Education Loan Interest
Vijaya Bank Personal Loan Interest Rate
IDBI Bank Car Loan Interest Rate
Central bank of India personal loan interest rate
Union bank of India education loan Interest

Have a Facebook Account? Ask your Question Here


Forum Jump

All times are GMT +6.5. The time now is 09:58 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9