Education and Career Forum

Hi, my sister is a Bank employee and I am preparing for JEE Main and Advance. She is an employee of State Bank but I have a Bank Account in SBI. And if I crack JEE then I will apply for Bank Education Loan. Kindly tell me through my sister I can get concession in rate of interest?

Yes, as per the SBI Education Loan scheme, a concession in interest rates may be provided to students whose parents/guardians are employees of State Bank of India or to students who have a Bank account with SBI. However, it is important to note that the concession in interest rates is subject to the discretion of the bank and may vary based on various factors such as the loan amount, repayment tenure, credit score, etc. Therefore, it is recommended to directly inquire with the bank regarding the specific concession in interest rates that may be available to you.