Education and Career Forum

Respected Sir,
I like to apply an Education Loan from State Bank of Bikaner & Jaipur. I want to study MBA through an Education Loan. Kindly let me know about the interest rates charges under Education Loan scheme of State Bank of Bikaner & Jaipur. Please tell me asap!

The details regarding Interest rates on Education loan offered by State Bank of Bikaner and Jaipur are provided below :-

=> For loans upto Rs.7.5 lacs :- 2% above MCLR, currently 11.15% p.a.

=> For loans above Rs.7.50 lacs :- 1.70% above MCLR, currently 10.85% p.a.

The State Bank of Bikaner and Jaipur gives concession on Rate of Interest on Education loan for few different category students as mentioned below :-

=> Concession of 0.50% ROI for girl candidates.

=> Concession of 1.00% ROI for students who study in Prime Institutions.

=> Additional 1% Interest concession will be provided by the bank, if interest is serviced during the study period.

Interest rate charges under State Bank of Bikaner and Jaipur Education loan scheme are as follows :-

--> The rate of interest is as applicable from time to time. At present, the rate of interest on Education loan is :-

For loans upto Rs.7.5 lacs :- 2% above MCLR, currently 11.15% p.a.

Above Rs.7.50 lacs :- 1.70% above MCLR, currently 10.85% p.a.

--> Rate of Interest will be 0.50% lower for female candidates.