Education loan interest rate sbi 2022

Education loan is the best way to pursue higher education without getting your finances disturbed. You can take Using an Top Banks Education Loan Interest Rates Banks/NBFC Loan Amount Rate of Interest Axis Bank Up to Rs. 4 Lakhs 15.20% Loans greater than Rs. 4 Lakhs and upto Rs. 7.5 Lakhs 14.70% Loans greater than Rs. 7.5 Lakhs 13.70% Bank of Baroda For all loan types and amounts 8.50% onwards Canara Bank For Vidhya Turant Loan Scheme 6.60% Up to Rs. 4 Lakhs 10.40% Rs. 4 Lakhs to Rs. 7.50 Lakhs 10.40% Loans above Rs. 7.50 lakhs 10.20% IBA´s Model Loan scheme for Vocational Education & Training 9.90% HDFC Bank Minimum APR 9.00% Maximum APR 13.86% Average APR 11.57% Kotak Mahindra Bank For all loan types and amounts 11.5% to 24% Punjab National Bank PNB Kaushal 8.55% onwards PNB Saraswati/Udaan 10.30% onwards PNB Pratibha (for admission to IITs , IIMs and XLRI Jamshedpur) 8.45% onwards PNB Pratibha (for admission to other colleges) 8.55% onwards PNB Honhaar 10.45% State Bank of India Up to Rs. 7.5 Lakhs 10.25% Above Rs. 7.5 Lakhs 10.50% Avanse For all loan types and amounts 10% to 16.50% Credila For all loan types and amounts 11.85% onwards SBI Education Loan Interest Rate Loan Amount Rate of Interest* For loans up to Rs 7.5 Lakhs 10.25% p.a. Above Rs. 7.5 Lakhs 10.50% p.a. • 0.50% concession in interest for girl student • 0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of SBI • 1% concession for full tenure of the lo...

The zeal to pursue desired education must not go in vain, especially due to financial hurdles. In order to seek quality education, one is bound to pay the fee demanded by the institution but often times candidates are unable to do so due to a lack of funds. In such cases, education loans act as a knight in shining armour. One such prestigious loan is the SBI Education Loan. Available with various alternatives, the education loan by SBI covers ample other attributes than just the tuition fee. If you are exploring some education loans, then this blog will surely help you. Everyone is eager to spend a lot of money on education in order to live a rich life in the future. SBI, being one of the largest education loan providers, understands students’ requirements and provides highly competitive education loans with lower interest rates. With SBI education loans, many students are able to gain admission to renowned universities and institutions in India and overseas each year. Advantages of SBI Education Loan Some of the benefits of applying for an educational loan with SBI are listed below: • Interest rates are low. • There are no hidden expenditures or administrative fees. • There are fewer forms to fill out and no processing costs. • For up to 4 lakhs, no security is required. • For female students, there is a 0.50 % discount. How to Get an Education Loan to Study Abroad? SBI Education Loan Interest Rate Before we hop on to our journey of SBI Education Loans, let us take a quic...

SBI education loan interest rates vary with each student loan offered by the bank. Education loan interest rate depends on various factors such as the lender, secured or unsecured loan, the repayment capacity of the applicant, applicant’s credit score, and the university and the course the applicant has taken admission to. To know more about the kind of security required for SBI Education Loans, click SBI education loan interest rates range between 8.65% to 10.70% depending upon the education loan and the loan amount you opt for. The bank also offers concessions for girl students and to students availing SBI Rinn Raksha or any other existing policy assigned in favour of SBI, as per the selected SBI education loan. SBI Education Loan Interest Rate We have compiled the details of SBI education loan interest rates for all four education loans offered by the bank – SBI Student Loan Scheme, SBI Scholar Loan Scheme, SBI Skill Loan Scheme and SBI Global Ed-Vantage Scheme. You can also compare the interest rates in the table ‘SBI Education Loans – Interest Rates and Loan Amount’ given at the end of the article. Buddy4Study - IDFC FIRST Bank Education Loan Programme Deadline : 30-06-2023 Award : Collateral free loan amount of up to INR 30 Lakh and more SBI Student Loan Scheme interest rates Under the SBI Student Loan Scheme, 10.45% interest rate is offered for up to INR 7.5 lacs with 0.50% concession for girl students, while 10.70% interest rate is offered for above INR 7.5 lacs wi...

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset 8.60% 2.65% - 3.15% 11.25% - 11.75% III. XPRESS FLEXI SCHEME (Overdraft Facility 0.25% higher than I. Xpress Credit scheme for Diamond Salary Package customers and II. Xpress Elite scheme for Platinum Salary Package customers IV. XPRESS LITE SCHEME 1% higher than I. Xpress Credit scheme for all brackets V. SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL (i.e., (for customer not maintaining salary account with SBI) 0.25% higher than I. Xpress Credit Scheme for all Brackets VI. XPRESS CREDIT INSTA TOP-UP LOANS Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset SBI Pension Loan 8.60% 2.55% 11.15% Jai Jawan Pension Loan 8.60% 2.55% 11.15% Pension Loan Scheme For Treasury & PSU Pensioners 8.60% 2.55%-3.05% 11.15%-11.65% Pre-Approved Pension Loans(PAPNL) 8.60% 2.55% 11.15% Pre-approved Insta Pension Top-Up 8.60% 2.55% 11.15%

• Domestic General (1Yr 11 days to 1Yr 24 days) • 6.80 % Less than 2Cr • 7.25 % 2Cr to Less than 5Cr • Domestic General (2Yr < 30Mts) • 7.05 % Less than 2Cr • 7.00 % 2Cr to Less than 5Cr • Domestic Sr. Citizen (1Yr 11 days to 1Yr 24 days) • 7.55% Less than 2Cr • 8.00 % 2Cr to Less than 5Cr • Domestic Sr. Citizen (2Yr < 30Mts) • 7.80% Less than 2Cr • 7.75 % 2Cr to Less than 5Cr Loan Type Loan Amount (Rs.) Repo Rate Spread Effective ROI( Linked to Repo Rate ) Education Loan Up to 4 Lakhs 6.50% 8.70% 15.20% Loans greater than Rs. 4 Lakhs and up to Rs. 7.5 Lakhs 6.50% 8.20% 14.70% Loans greater than Rs. 7.5 Lakhs 6.50% 7.20% 13.70% • Repo Rate 6.50% • Repo Rate Reset frequency - 3 months or as decided by the bank, whichever is earlier. • The Bank is free to decide the spread over the Repo Rate. The spread may undergo a change during the tenure of the loan. • Customers who have already availed disbursement or received a sanction prior to October 1, 2019 will continue to operate on MCLR. Existing customers can get in touch with our customer care, if they wish to switch to Repo Rate. For loans on MCLR • Marginal Cost Based Lending Rate (MCLR) – 8.70% • MCLR Reset frequency for Education Loans - Half Yearly Schedule of Charges Scheme Study Power Loan Processing Charges Applicable as per grid given below Prepayment Charges Nil No Due Certificate NA Penal Interest on delayed / overdue EMI @24% per annum i.e. @ 2% per month on the overdue installment(s) Cheque/ Instrument Swap Charge...