SBI Skill Loan details – Biginius.com – College admission, Scholarship, Loan, Mess & Hostel Booking

Features;

Tuition / Course Fee
Examination / Library / Laboratory fee
Caution deposit
Purchase of books, equipments and instruments
Any other reasonable expenditure found necessary for completion of the Course. (As such courses are localized boarding, lodging may not be necessary. However, wherever it is found necessary, the same could be considered on merits)
Minimum Loan Amount: Rs. 5000
Maximum loan amount: Rs. 1,50,000
No collateral or third party guarantee will be taken.
However, the Parent/ Guardian will execute loan documents along with the student, as joint borrower (co-borrower). Spouse will be included as co-applicant wherever applicable, in addition to Parent/ Natural Guardian.
Repayment Tenure
- Loans upto Rs 50,000 : Upto 3 years
- Loans between Rs 50,000 to Rs 1 lakh Upto 5 years
- Loans above Rs. 1 lakh : Upto 7 years

SBI STUDENT LOAN SCHEME
Loan Limit	EBR		CRP		Effective Interest Rate		Rate Type
Upto Rs 7.5 Lakhs	9.15%		2.00%		11.15%		Floating
Concession	0.50% concession in interest for girl students
Above Rs 7.5 Lacs	9.15%		2.00%		11.15%		Floating
Concession	0.50% concession in interest for girl students
	0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank
SBI SCHOLAR LOAN SCHEME (Including TAKEOVER and PART-TIME COURSES for select institutes)
List		EBR	CRP	Business Strategy Premium/ Discount		Effective Interest Rate	Rate Type
AA	IITs	9.15%	0.00%	(-) 1.05% to (-) 1.00%		Starting 8.10% (With or without co-borrower)	Floating
	Other institutes	9.15%	0.05%	(-) 1.15% to (-) 1.05%		Starting 8.05% (With or without co-borrower)	Floating
A	IITs	9.15%	0.00%	(-) 1.00%		8.15%	Floating
	Other institutes	9.15%	0.50%	(-) 1.00%		8.65%	Floating
B	All NITs	9.15%	0.50%	(-) 1.00%		8.65%	Floating
	Other institutes	9.15%	1.00%	(-) 1.00%		9.15%	Floating
C	All NITs	9.15%	0.50%	(-) 1.00%		8.65%	Floating
	Other institutes	9.15%	1.50%	(-) 1.00%		9.65%	Floating

SBI SKILL LOAN SCHEME
Loan Limit	EBR	CRP	Effective Interest Rate	Rate Type
Upto Rs 1.5 Lakhs	9.15%	1.50%	10.65%	Floating
Concession	No Further Concession
SBI GLOBAL ED-VANTAGE SCHEME
Loan Limit	EBR	CRP	Effective Interest Rate	Rate Type
Above Rs. 7.50 lakhs & Upto Rs 1.5 Cr	9.15%	2.00%	11.15%	Floating
Concession	0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession	0.50% concession for girl students

SBI TAKEOVER EDUCATION LOANS SCHEME (Under Student Loan & Global Ed-Vantage Scheme)
Loan Limit	EBR	CRP	Effective Interest Rate	Rate Type
Above Rs 10 lakhs & Upto Rs 1.5 Cr	9.15%	2.00%	11.15%	Floating
Concession	0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession	0.50% concession for girl students
SHAURYA EDUCATION LOAN (For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel)
Loan Limit	EBR	CRP	Effective Interest Rate	Rate Type
Upto 7.50 lakhs	9.15%	2.00%	11.15%	Floating
Concession	0.50% concession in interest for girl students
Above Rs. 7.50 Lakhs & Upto Rs. 1.50 Cr
In case of Secured Loan	9.15%	2.00%	11.15%	Floating
In case of Unsecured Loan	9.15%	2.60%	11.75%	Floating
Concession	0.50% concession for girl students
Concession	0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank

*EBR = Repo Rate + Spread,
Currently: Repo rate = 6.50%
Spread = 2.65%
EBR = 9.15%

Last Updated On : Monday, 24-06-2024

NOTE:-This information has been given from the official website of SBI.