Education Loan SBI Interest Rate

Hii sir, I wants to Apply for the Education Loan of the State bank of India Will you Please provide me the Interest Rates of the State bank of India Education Loan ?

[shikha]

State Bank of India is an Indian multinational financial services company that was founded in 1921. State Bank of India has an operational presence of over 14,000 branches in India serving millions of happy customers

Information About the Education Loan of the State bank of India is given below


SBI 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.


Expenses Covered

Tuition and course fee
Examination, library and laboratory fees
Caution deposit
Cost of books, equipment and other instruments.


Amount of the Education Loan

SBI Student Loan Scheme A maximum of Rs.10 lakhs is offered for studies in India. For studies abroad, a maximum of Rs.30 lakhs is offered as loan

Interest Rates

Loan Amount Rate of Interest

For loans upto Rs.7.5 lacs
2% above MCLR, currently 11.10% p.a.

Above Rs.7.50 lacs
1.70% above MCLR, currently 10.80% p.a.


For more information you may contact to the Nearest branch of the State bank of India