🏦State Bank of India (SBI) Education Loan
Interest rate: 8.15% - 11.15% p.a. • Max amount: ₹1.5 Crore • Tenure: Up to 15 years
Starting Rate
8.15%
Max Amount
₹1.5 Crore
Processing Fee
Nil
Tenure
Up to 15 years
Key Features of State Bank of India (SBI) Education Loan
- ✓Lowest education loan rate in India
- ✓SBI Scholar Loan for premier institutions
- ✓No processing fee
- ✓Covers tuition + living + travel
- ✓PMAY-like subsidy for EWS students
👍 Pros
✅ Lowest rate at 8.15%
✅ Highest amount (₹1.5 Cr for abroad)
✅ Zero processing fee
✅ Special scholar scheme for IITs/IIMs/NITs
👎 Cons
❌ Collateral required above ₹7.5 lakh
❌ Slower disbursal process
❌ Branch-dependent for large amounts
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