Study Loan SBBJ
 

I am living in Ajmer. Recently I have completed Bachelor Degree and want to do MBA from Mumbai. So I want to apply for Education Loan at SBBJ Bank for study further. So can anyone tell me about Interest Rate for Education Loan offering by SBBJ Bank?

Re: Study Loan SBBJ
 

Firstly I want to tell you that the SBBJ Bank has merged into State Bank of India.

So all branches of SBBJ Bank also merged into SBI Branches. Here I am telling you about Interest Rates for Study Loan by State Bank of India:

State Bank of India Educational Loan Interest Rates:

SBI STUDENT LOAN SCHEME
Loan Limit 1 year MCLR Spread Effective Interest Reset
Rate Period
Upto Rs 7.5 Lacs 8.00% 2.00% 10.00% 1 year
Above Rs 7.5 Lacs 8.00% 2.75% 10.75% 1 year
Concession 0.50% concession in interest for girl students

SBI SCHOLAR LOAN SCHEME
Category 1 year MCLR Spread Effective Interest Reset
Rate Period
List AA
ROI 8.00% 0.40% 8.40% 1 year
Concession No Further Concession

List A
All IIMs 8.00% 0.40% 8.40% 1 year
Other institutes 8.00% 0.50% 8.50% 1 year
Concession No Further Concession

List B
ROI 8.00% 1.00% 9.00% 1 year
Concession 0.25%