#1  
1st January 2019, 06:05 PM
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Interest rates of State Bank of Patiala Education Loan to study BTech in IIT?


Hello, I am preparing for JEE Advanced and other engineering entrance exams. My first preference is to get admission in IIT for BTech. For this, I have to take an education loan. So, I would like to know about the interest rates of State Bank of Patiala for applying an education loan?




  #2  
6th January 2019, 05:21 AM
ppsahu
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Join Date: Apr 2018
Posts: 12,628
Default Re: Interest rates of State Bank of Patiala Education Loan to study BTech in IIT?

Interest rates of State Bank of Patiala Education Loan to study BTech in IIT:

Rate of interest (w.e.f. 10.12.2018)

1 year MCLR - 8.55%

Spread - 0.35%

Effective Interest Rate - 8.90%

Reset Period - 1 year

For details:
https://www.sbi.co.in/portal/web/int...on-loan-scheme
  #3  
6th January 2019, 11:49 AM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
Posts: 20,581
Default Re: Interest rates of State Bank of Patiala Education Loan to study BTech in IIT?

State Bank of Patiala Education Loan Interest Rates for Premier Institutes

- List ‘AA’: Base Rate + 0.50% = 10.60% (at present)

- List ‘A’: Base Rate + 0.50% = 10.60% (at present)

- List ‘B’: Base Rate + 0.50% = 10.60% (at present)

- List ‘C’: Base Rate + 1.75% = 11.85% (at present)
Do you have any question? or have anything to say?



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