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  #1  
22nd September 2015, 06:37 PM
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Interest rates charge against SBI Education Loan for B.Tech course?


Hi Sir,
My name is Kumar and I want to study B.Tech. I want to apply for an Education Loan from SBI. Can you tell me how much currently interest rates going on for the Education loan of SBI?




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  #2  
4th October 2015, 10:40 PM
SudeepKumarSaha
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Join Date: Dec 2013
Location: India
Posts: 8,583
Default Re: Interest rates charge against SBI Education Loan for B.Tech course?

The interest rate charged by SBI for education loan is decided by Reserve Bank of India. However, SBI offers 1% lesser interest rate as compared to other banks with stricter education loan terms and conditions. The rate of interest fluctuates from time to time as per the orders from Reserve Bank of India. For SBI, the rate of interest fluctuates between 12-13.5 percent per annum. The interest is accounted as simple interest for the entire study period.
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