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Scholar Loan

A 100%-financed education loan for -listed premier Indian institutions, with collateral-free limits from ₹7.50 lakh to ₹50 lakh by institute list, need-based secured finance, nil processing fee and repayment up to 15 years.

Current published interest rate6.90%–7.65% p.a. for listed institutions and qualifying takeovers; 6.75% p.a. for students admitted to any IIT through 31 December 2026. The separate 6.75% offer for named IIM/BITS/IIFT/ISB/XIM/XLRI campuses expired 30 September 2026.Published finance by institute listWithout tangible security: List AA ₹50 lakh, A ₹40 lakh, B ₹30 lakh and C ₹7.50 lakh; with full-value tangible collateral, need-based for AA/A/B and up to ₹1 crore for C Maximum financeWithout tangible security (parent/guardian co-borrower): List AA up to ₹50 lakh, List A up to ₹40 lakh, List B up to ₹30 lakh and List C up to ₹7.50 lakh. With full-value tangible collateral and parent/guardian co-borrower: List AA, A and B are need-based; List C up to ₹1 crore.

Official product page ↗Compare category

✓ Manually checked 13 Aug 2026 · active

Offered byState Bank of India

India for admission to -listed premier institutions

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible studyProfessional or technical study at an SBI-listed premier Indian institution through entrance or selection, including published full-time degree/diploma, executive-management and selected part-time graduate/postgraduate coursesView source

The institution list determines security-free limits and pricing.

Source: Scholar Loan Scheme
Page / section: Features and Eligibility
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Published finance by institute listWithout tangible security: List AA ₹50 lakh, A ₹40 lakh, B ₹30 lakh and C ₹7.50 lakh; with full-value tangible collateral, need-based for AA/A/B and up to ₹1 crore for CView source

, A and B secured loans are described as need-based rather than given one ceiling.

Source: Scholar Loan Scheme
Page / section: Loan Amount and Security
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Maximum repayment period180 months; EMI begins 12 months after course completion or six months after employment, whichever is earlierView source

A later higher-study loan may be combined under the published rule.

Source: Scholar Loan Scheme
Page / section: Repayment
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Financing and margin100% financingView source

Finance remains limited to eligible expenses and list-specific security rules.

Source: Scholar Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Processing feeNilView source

Other collateral or documentation costs should be confirmed separately.

Source: Scholar Loan Scheme
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Loan typeEducation loanView source

The official product name identifies this as “ Scholar Loan”.

Source: Scholar Loan — official product page
Page / section: Official product name and loan classification
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

BenchmarkEBR (External Benchmark Rate); SBI states that education-loan rates float for the entire loan period. Current EBR is 7.90% p.a. (Repo Rate 5.25% + spread 2.65%).Effective 9 Jun 2026View source

states that education-loan rates are linked to and float for the entire loan period; the page gives Repo rate 5.25%, spread 2.65% and current 7.90%.

Source: Education Loan Scheme — current rate and publication
Page / section: Education Loan Schemes — Rate of Interest; = Repo Rate + Spread
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Foreclosure chargeNIL in the shared Education Loan KFS contingent-charge table.Effective 8 Jan 2026View source

The table states foreclosure charges, if applicable: NIL.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iii) — Foreclosure charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Penal charges2.40% p.a. on the irregular portion for irregularity up to 60 days; 5.00% p.a. on the outstanding for continuous irregularity beyond 60 days, for the period of irregularity.Effective 8 Jan 2026View source

The separates irregularity up to 60 days from continuous irregularity beyond 60 days and gives the two annual rates.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(i) — Penal charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Floating/fixed switch charge₹500 + GST when switching the loan from floating to fixed rate or vice versa.Effective 8 Jan 2026View source

The lists ₹500 plus for a floating/fixed rate switchover.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv)
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Safe-custody charge₹1,000 + GST per quarter or part thereof when original title deeds are not collected within the prescribed time limit (for example, 60 days from loan closure).Effective 8 Jan 2026View source

The states ₹1,000 plus per quarter or part thereof after the prescribed title-deed collection period.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — Safe custody
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

SI / ECS / PDC failure charge₹500 + GST if an EMI or instalment is not credited within seven days from the ECS, SI or PDC date.Effective 8 Jan 2026View source

The publishes ₹500 plus when an or instalment is not credited within seven days.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — // failure charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

VLP service charge₹200 + GST per education loan sanctioned through VLP.Effective 8 Jan 2026View source

The lists a ₹200 plus service charge for each education loan sanctioned through .

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(v)
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum financeWithout tangible security (parent/guardian co-borrower): List AA up to ₹50 lakh, List A up to ₹40 lakh, List B up to ₹30 lakh and List C up to ₹7.50 lakh. With full-value tangible collateral and parent/guardian co-borrower: List AA, A and B are need-based; List C up to ₹1 crore.Effective 23 Jul 2026View source

The current page publishes the List /A/B/C maximum loan table for no security and for full-value tangible collateral.

Source: Scholar Loan Scheme
Page / section: Loan Amount & Security
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

CollateralUp to List AA ₹50 lakh, List A ₹40 lakh, List B ₹30 lakh and List C ₹7.50 lakh may be sanctioned with only a parent/guardian co-borrower and no security. Above those unsecured limits, full-value tangible collateral is required; List C with full-value collateral is capped at ₹1 crore, while Lists AA/A/B are need-based. A suitable third-party guarantee may substitute for parental co-obligation in the stated cases.Effective 23 Jul 2026View source

The table states no security with parent/guardian co-borrower for each list and full-value tangible collateral for the secured column; it also describes third-party-guarantee substitution.

Source: Scholar Loan Scheme
Page / section: Loan Amount & Security
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

Prepayment / foreclosureNo penalty charges apply for prepayment; the education-loan repayment guidance says the loan may be prepaid at any time.Effective 11 Mar 2026View source

The repayment page explicitly states there are no penalty charges for prepayment and that an education loan can be prepaid anytime.

Source: education-loan repayment guidance
Page / section: Prepayment
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

Required documentsLoan application form; applicant/co-applicant/guarantor asset-liability statement for loans above ₹7.50 lakh; KYC and address proof; PAN and Aadhaar updates where applicable; academic mark sheets and entrance result; admission/offer letter; course-expense schedule; scholarship/free-ship letters where applicable; gap certificate where applicable; co-applicant income proof (salary slip/Form 16 or business-address proof/latest ITR); six months’ bank statements; and security title/approval documents where collateral is offered.Effective 23 Jul 2026View source

The page lists application, , academic, income, bank-statement and collateral-document requirements in its education-loan checklist.

Source: Scholar Loan Scheme
Page / section: Checklist for Education Loan
Accessed: 8 Sept 2026
Confidence: high

Open official source ↗

Other penal chargesNILEffective 8 Jan 2026View source

The contingent-charge table states: Other penal charges, if any — NIL.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(ii) — Other penal charges
Accessed: 26 Sept 2026
Confidence: high

Open official source ↗

Security document releaseAfter full repayment or settlement of all loan accounts linked to the security, SBI must release the property documents and remove registered charges within 30 days. The owner may collect the original title deeds from the linked RACPC/RASMEC within 30 days of full and final payment; the KFS says safe-custody charges apply if the deeds are not collected within the prescribed period.Effective 8 Jan 2026View source

The states that shall release property documents and remove registry charges within 30 days after full repayment/settlement of all linked loan accounts. It says owners can collect original title deeds from the linked RACPC/RASMEC within 30 days of full and final payment; safe-custody charges apply if they are not collected within the prescribed period.

Source: Education Loan Key Facts Statement
Page / section: Page 2, Part 1 item 10(iv) — Safe custody charges and release of security documents
Accessed: 26 Sept 2026
Confidence: high

Open official source ↗

TenureA 100%-financed education loan for SBI-listed premier Indian institutions, with collateral-free limits from ₹7.50 lakh to ₹50 lakh by institute list, need-based secured finance, nil processing fee and repayment up to 15 years.View source

The manually reviewed product summary states: “A 100%-financed education loan for -listed premier Indian institutions, with collateral-free limits from ₹7.50 lakh to ₹50 lakh by institute list, need-based secured finance, nil processing fee and repayment up to 15 years.”.

Source: Scholar Loan — official product page
Page / section: Published loan terms in product summary
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsProfessional or technical study at an SBI-listed premier Indian institution through entrance or selection, including published full-time degree/diploma, executive-management and selected part-time graduate/postgraduate coursesView source

The manually reviewed product record states: “Professional or technical study at an -listed premier Indian institution through entrance or selection, including published full-time degree/diploma, executive-management and selected part-time graduate/postgraduate courses”.

Source: Scholar Loan — official product page
Page / section: Published product metadata
Accessed: 13 Aug 2026
Confidence: high

Open official source ↗

6.90%–7.65% p.a. for listed institutions and qualifying takeovers; 6.75% p.a. for students admitted to any IIT through 31 December 2026. The separate 6.75% offer for named IIM/BITS/IIFT/ISB/XIM/XLRI campuses expired 30 September 2026.

Source: Education Loan Schemes — current rate of interest page
Page / section: Rate table lines 498–557; product-specific rate lines retained in the evidence table
Accessed: 8 Oct 2026
Confidence: high

Open official source ↗

Eligible institutions45 institutions across four SBI Scholar Loan security categories: 7 List AA, 8 List A, 21 List B and 9 List C.View source

45 institutions across four Scholar Loan security categories: 7 List , 8 List A, 21 List B and 9 List C.

Source: List of 45 institutions covered under the Scholar Loan Scheme
Page / section: pages 1–2; full 45-row institute schedule
Accessed: 8 Oct 2026
Confidence: high

Open official source ↗

Benefits and features

100% financing
Collateral-free limits up to ₹50 lakh
Temporary 6.75% offer for specified institutes
No processing fee
15-year repayment

Eligibility

The student must be an Indian national admitted through selection to an eligible listed institution.
Institution list and promotional-rate eligibility should be reconfirmed when applying.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Application and
Academic and admission records
Course-expense schedule
Co-borrower documents
Collateral documents where the secured route is used

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹19,233nineteen thousand two hundred thirty-three rupees

Interest paid over the full loan₹21,15,847twenty-one lakh fifteen thousand eight hundred forty-seven rupees

Everything you repay₹46,15,847forty-six lakh fifteen thousand eight hundred forty-seven rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableSchemeChoose column

Student Loan · Income evidenceCo-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest

This value is copied from education-loan eligibility and income evidence. Check the table notes before relying on it.

Source: Education Loan Key Facts Statement — common applicant documents · Pages 1–2 — applicant/co-applicant documentation Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 3 columnsSBI education-loan eligibility and income evidenceIncome-document requirements preserved from the official checklists; no universal numeric threshold is published.View tableHide table

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SBI education-loan eligibility and income evidence
Scheme	Income evidence	Numeric minimum income
Student Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Scholar Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Global Ed-Vantage	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Education Loan Takeover	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published
Skill Loan	Co-applicant/guarantor: salary slip or salary certificate plus Form 16/; non-salaried business address proof and latest	Not published

The source pages and shared require proof of income but do not publish a universal rupee salary or annual-income floor; no value is inferred.

Education Loan Key Facts Statement — common applicant documents · Pages 1–2 — applicant/co-applicant documentation · effective 8 Jan 2026 · accessed 29 Aug 2026Open official source ↗

Table 2 · 12 rows · 2 columnsSBI Scholar Loan — published limits, security and repaymentComplete structured capture of the current Scholar Loan page and linked repayment guidance.View tableHide table

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SBI Scholar Loan — published limits, security and repayment
Term	Published detail
Purpose	Higher education in selected premier Indian institutions
Financing	100% financing; no processing fee
Unsecured limit — List	Up to ₹50 lakh with parent/guardian co-borrower
Unsecured limit — List A	Up to ₹40 lakh with parent/guardian co-borrower
Unsecured limit — List B	Up to ₹30 lakh with parent/guardian co-borrower
Unsecured limit — List C	Up to ₹7.50 lakh with parent/guardian co-borrower
Secured limit	Full-value tangible collateral; Lists /A/B need-based, List C up to ₹1 crore
Repayment	Maximum 15 years (180 ); starts 12 months after course completion or 6 months after employment, whichever is earlier
Prepayment	No penalty; may prepay anytime
Eligibility	Indian national with secured admission to a professional/technical course in a selected premier institution
Rate	6.90%–7.65% p.a. on the current education-loan rate page; temporary 6.75% offers are separately dated by institute
Documents	Application, , academic/admission, co-applicant income, six-month statements and collateral documents where applicable

does not publish a numeric minimum-income threshold or a separate for the Scholar Loan; those fields remain explicitly unresolved after reviewing the full page and linked guidance.

Scholar Loan Scheme · Features; Loan Amount & Security; Eligibility; Repayment; Checklist · effective 23 Jul 2026 · accessed 8 Sept 2026Open official source ↗

Table 3 · 8 rows · 2 columnsSBI Education Loan KFS — contingent chargesPublished conditional and contingent charges from the shared Education Loan KFS. Blank individualized APR and processing-fee inputs are not presented as product values.View tableHide table

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SBI Education Loan KFS — contingent charges
Charge or condition	Published term
Penal charges	2.40% p.a. on the irregular portion for irregularity up to 60 days; 5.00% p.a. on the outstanding for continuous irregularity beyond 60 days, for the period of irregularity.
Other penal charges	NIL
Foreclosure charges	NIL
Floating/fixed rate switch	₹500 + per switchover.
Safe custody of original title deeds	₹1,000 + per quarter or part thereof if deeds are not collected within the prescribed time limit (the gives 60 days from loan closure as an example).
Release of security documents	must release property documents and remove registry charges within 30 days after full repayment/settlement of all loan accounts linked to the security. Original deeds may be collected from the linked RACPC/RASMEC within 30 days of full and final payment; safe-custody charges apply if they remain uncollected after the prescribed period.
// failure	₹500 + if an /instalment is not credited within 7 days of its // date.
service charge	₹200 + per education loan sanctioned through .

Education Loan Key Facts Statement · Page 2, Part 1 items 10(i)–(v) — complete contingent-charge table · effective 8 Jan 2026 · accessed 26 Sept 2026Open official source ↗

Table 4 · 45 rows · 5 columnsSBI Scholar Loan — all 45 listed institutions and security bandsComplete current source rows transcribed for the product page; values and source order are preserved.View tableHide table

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SBI Scholar Loan — all 45 listed institutions and security bands
No.	List	Institution	State	Published collateral-free and secured limit
1		Indian School of Business (ISB), Hyderabad	TELANGANA	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
2		Indian School of Business (ISB), Mohali	PUNJAB	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
3		Narsee Monjee Institute of Management Studies (NMIMS), Bangalore [School of Business Management]	KARNATAKA	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
4		Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad [School of Business Management]	TELANGANA	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
5		Narsee Monjee Institute of Management Studies (NMIMS), Indore [School of Business Management]	MADHYA PRADESH	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
6		Narsee Monjee Institute of Management Studies (NMIMS), Navi Mumbai [School of Business Management, School of Entrepreneurship & Family Business and Centre of Excellence]	MAHARASHTRA	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
7		Xavier Labour Relations Institute (XLRI), Delhi-NCR	HARYANA	Up to ₹50 lakh without collateral; above ₹50 lakh with tangible collateral
8	A	Army College of Medical Sciences (ACMS), Delhi Cantt	DELHI	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
9	A	Army Institute of Management (AIM), Kolkata	WEST BENGAL	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
10	A	Army Institute of Technology (AIT), Pune	MAHARASHTRA	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
11	A	Fore School of Management (FSM), Gurugram	DELHI	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
12	A	Indian Institute of Foreign Trade (IIFT), Gandhinagar	GUJARAT	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
13	A	Indian Institute of Foreign Trade (IIFT), Kakinada	ANDHRA PRADESH	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
14	A	Indian Institute of Technology (IIT) Madras, Zanzibar (Tanzannia) Campus	TAMIL NADU	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
15	A	Management Development Institute (MDI), Murshidabad	WEST BENGAL	Up to ₹40 lakh without collateral; above ₹40 lakh with tangible collateral
16	B	Bits Law School [Under the Aegis of Bits School of Management (Bitsom)]	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
17	B	D. Y. Patil Dental College- School of Dentistry	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
18	B	Dhirubhai Ambani Institute of Information & Communication Technology (DAIICT), Gandhinagar	GUJARAT	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
19	B	Faculty Of Management Studies (FMS), Delhi	DELHI	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
20	B	Jaipuria Institute of Management, Indore	MADHYA PRADESH	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
21	B	Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
22	B	Kirloskar Institute of Advanced Management Studies (KIAMS), Bangalore	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
23	B	Kirloskar Institute of Advanced Management Studies (KIAMS), Pune	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
24	B	Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi	DELHI	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
25	B	Manipal Academy of Higher Education (Mahe), Bengaluru	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
26	B	Marine Engineering & Research Institute, Kolkata	WEST BENGAL	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
27	B	Narayan Medical College & Hospital, Sasaram	BIHAR	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
28	B	National Institute of Construction Management & Research (NICMAR), Pune	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
29	B	National Institute of Design (NID), Bengaluru	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
30	B	National Law University (NLU), Jodhpur	RAJASTHAN	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
31	B	Prin. L. N. Welingkar Institute of Management, Development & Research (WeSchool), Bengaluru	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
32	B	Pune Institute of Business Management (PIBM), Pune	MAHARASHTRA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
33	B	Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), Mysore	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
34	B	Shri. B.M. Patil Medical College Hospital and Research Centre, Vijayapura	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
35	B	St. Josephs Institute of Management, Bengaluru	KARNATAKA	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
36	B	Vellore Institute of Technology- AP University	ANDHRA PRADESH	Up to ₹30 lakh without collateral; above ₹30 lakh with tangible collateral
37	C	Amity University, Rajasthan	RAJASTHAN	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
38	C	Katihar Medical College, Katihar	BIHAR	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
39	C	L N Mittal Institute of Information & Technology (LNMIIT), Jaipur	RAJASTHAN	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
40	C	M S Ramaiah Institute of Management (MSR-IM), Bengaluru	KARNATAKA	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
41	C	Mata Gujari Memorial Medical College, Kishanganj	BIHAR	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
42	C	Rajah Muthiah Medical College [Annamalai University]	TAMIL NADU	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
43	C	Regional College of Management (RCM), Bengaluru	KARNATAKA	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
44	C	RICS School Of Built Environment, Amity University, Mumbai	MAHARASHTRA	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral
45	C	SRM Medical College Hospital and Research Centre - SRM MCHRC	TAMIL NADU	Up to ₹7.50 lakh without collateral; up to ₹1 crore with tangible collateral

The has a List note saying co-borrower is not mandatory, while the current Scholar Loan product-page amount table describes parent/guardian co-borrower columns for secured and unsecured facilities. The comparison uses the current product page for co-borrower conditions; this source wording difference remains explicit.

List of 45 institutions covered under the Scholar Loan Scheme · pages 1–2; all 45 rows · accessed 8 Oct 2026Open official source ↗

Table 5 · 19 rows · 3 columnsSBI education-loan schemes — current published rates and conditionsComplete current source rows transcribed for the product page; values and source order are preserved.View tableHide table

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SBI education-loan schemes — current published rates and conditions
Scheme / variant	Current published rate	Published rate condition
-Vidyalaxmi — Utkarsh	6.90% p.a.	-linked; floating for the full loan term
-Vidyalaxmi — Uttam	7.20% p.a.	-linked; floating for the full loan term
-Vidyalaxmi — Uday	8.40% p.a.	-linked; floating for the full loan term
Student Loan — unsecured up to ₹7.50 lakh	9.90% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Student Loan — secured above ₹7.50 lakh	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Student Loan takeover above ₹10 lakh with collateral	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Scholar Loan — listed institutions	6.90%–7.65% p.a.	-linked; floating for the full loan term
Scholar Loan takeover above ₹10 lakh	6.90%–7.65% p.a.	-linked; floating for the full loan term
Scholar Loan — students admitted to any IIT	6.75% p.a. through 31 December 2026	Time-limited concession; applicable institution and expiry are shown on rate page
Global Ed-Vantage — secured above ₹7.50 lakh through ₹3 crore	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Global Ed-Vantage takeover above ₹10 lakh with collateral	9.40% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Global Ed-Vantage — select institutions, unsecured above ₹7.50 lakh through ₹50 lakh	9.40% p.a.	No additional girl-student concession; -linked and floating
Global Ed-Vantage — select institutions, secured above ₹7.50 lakh through ₹3 crore	8.90% p.a.	No additional girl-student concession; -linked and floating
Global Ed-Vantage select-institution takeover above ₹10 lakh	8.90%–9.40% p.a.	-linked and floating
Shaurya — study in India	8.65% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Shaurya — ordinary overseas study above ₹7.50 lakh	8.65% p.a.	0.50 percentage-point girl-student concession; -linked and floating
Shaurya — select overseas institution, unsecured up to ₹50 lakh	8.65% p.a.	No girl-student concession; select institutions follow Global Ed-Vantage collateral-free list
Shaurya — select overseas institution, secured	8.15% p.a.	No girl-student concession; select institutions follow Global Ed-Vantage list
Skill Loan — unsecured up to ₹7.50 lakh	9.40% p.a.	-linked; floating for the full loan term

All education-loan rates on this page are linked to and floating for the full loan term. states Repo Rate 5.25% + spread 2.65% = 7.90%; mean rate for FY27 is 9.31%.
The 6.75% offer for named IIM/BITS/IIFT/ISB/XIM/XLRI campuses expired 30 September 2026. The 6.75% offer for all IITs remains published through 31 December 2026.
The rate page publishes rates, not a separate calculation.

Education Loan Schemes — current rate of interest page · Rate table lines 498–557; effective 9 June 2026; updated 27 July 2026 · effective 9 Jun 2026 · accessed 8 Oct 2026Open official source ↗

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