Education Loan Scheme - Interest Rates
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EDUCATION LOAN SCHEMES - RATE OF INTEREST (w.e.f. 15.12.2025)
The interest rates are linked to External Benchmark rate* (EBR) and will be floating for entire period of loan.
| SBI PM-Vidyalaxmi Scheme | |
|---|---|
| PMVL-Utkarsh | 6.90% |
| PMVL- Uttam | 7.20% |
| PMVL- Uday | 8.40% |
- Present EBR is 7.90%
| SBI STUDENT LOAN SCHEME | |
|---|---|
| Without Collateral (Upto ₹7.50 lakh) | 9.90% |
| With Collateral (Above ₹7.50 lakh) | 8.90% |
| Takeover (above ₹10.00 lakh, with collateral) | 8.90% |
| 0.50% concession in interest for girl students | |
| SBI SCHOLAR LOAN SCHEME | ||||||
|---|---|---|---|---|---|---|
| For select institutions | 6.90% to 7.65% | |||||
| Takeover (above Rs. 10.00 Lacs) | 6.90% to 7.65% | |||||
| Click here for list of select Scholar Loan institutions | ||||||
| SBI GLOBAL ED-VANTAGE SCHEME | ||||
|---|---|---|---|---|
| With Collateral (Above ₹7.50 lakh to ₹3.00 crore) | 8.90% | |||
| Takeover (above ₹10.00 lakh, with collateral) | 8.90% | |||
| 0.50% concession in interest for girl students | ||||
| For select institutions | ||||
| Without Collateral (Above ₹7.50 lakh to ₹50.00 Lakh | 8.90% | |||
| With Collateral (Above ₹7.50 lakh to ₹3.00 crore) | 8.40% | |||
| Takeover (above Rs. 10.00 lakh) | 8.40% to 8.90% | |||
| No additional concession for girl students | ||||
| Click here for list of select Global Ed-Vantage institutions | ||||
| SHAURYA EDUCATION LOAN (For spouse/wards of Defence, Indian Coast Guard & Central Armed Police Personnel) |
||||
|---|---|---|---|---|
| Without Collateral (Upto ₹7.50 lakh | 9.90% | |||
| Without Collateral (Above ₹7.50 lakh up to ₹ 40 lakh) | 9.40% | |||
| With Collateral (Above ₹7.50 lakh up to ₹1.50 crore) | 8.90% | |||
| Takeover (above Rs. 10.00 lakh) | 8.90% to 9.90% | |||
| 0.50% concession in interest for girl students | ||||
| SBI SKILL LOAN SCHEME | ||||||
|---|---|---|---|---|---|---|
| Without Collateral (Upto ₹7.50 lakh) | 9.40% | |||||
*EBR = Repo Rate + Spread,
Currently: Repo rate = 5.25%, Spread = 2.65%, EBR = 7.90%
Mean Rate of Interest (Q3 FY26) 9.39%
Last Updated On : Wednesday, 14-01-2026
Interest Rates
6.95%
2 years to less than 3 years
6.00% p.a.
for loan amount up to Rs. 2 lacs
8.15% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs
Loan Schemes Landing
Limited Time Offers - Unlimited Joy
Loan Against Securities And Consumer Durable Loans
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
6.95%
2 years to less than 3 years
6.00% p.a.
for loan amount up to Rs. 2 lacs
8.15% p.a.
for loan amount > Rs. 2 lacs up to Rs. 6 lacs




