Interest Rate on Education Loan in State Bank of India: Latest SBI Rates & Eligibility 2026

Interest rate on education loan in State Bank of India varies by scheme and loan amount, with rates linked to the External Benchmark Rate and updated weekly on the official SBI interest rate schedule. As of 14 January 2026, SBI’s education loan interest rate for the standard Student Loan Scheme is 9.90% for loans up to ₹7.50 lakh without collateral and 8.90% for loans above ₹7.50 lakh with security, and floating for the entire loan period according to RBI benchmarks. These rates apply with effect from the latest published date and are available on the official SBI interest rates page of the bank.

Key Highlights

• SBI education loan interest rates are floating and linked to an external benchmark, recalibrated with changes in the RBI policy rates.
• For standard student loans, unsecured loans up to ₹7.50 lakh attract a higher rate than secured loans above that amount.
• SBI education loans include multiple schemes such as Student Loan, Scholar Loan, Global Ed-Vantage, and Shaurya with different interest features.
• Female students can receive a concession of 0.50% on interest under specified schemes.
• Eligibility generally includes Indian citizenship, admission into a recognised programme, and applicable collateral/security requirements as per the loan amount.

Essential Information at a Glance

Feature	Details	Official/Reference
Standard Student Loan Interest	Up to ₹7.50 lakh: 9.90%; Above ₹7.50 lakh (with security): 8.90%	https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme
Loan Benchmark	Floating; linked to External Benchmark Rate (EBR)	https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme
Concession	0.50% for female students (where applicable)	https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme
Scheme Variants	Scholar Loan, Global Ed-Vantage, Shaurya Loan	https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme
Official Information	Interest rates / eligibility details	https://sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/education-loan-scheme

Understanding Interest Rate on Education Loan in State Bank of India

Interest rate on education loan in State Bank of India is determined on a floating basis, meaning it changes with movements in the External Benchmark Rate set by the Reserve Bank of India. The floating structure ensures that the effective rate a borrower pays can vary over the loan tenure, which can be beneficial when benchmark rates fall. The official SBI education loan rates page lists current interest rate figures and applicable conditions for each loan variant.

State Bank of India’s education loans are designed to support students pursuing higher education both within India and internationally. The interest rate applied to a loan depends on the scheme chosen, loan amount, and whether collateral is provided, reflecting risk and administrative cost considerations

Main SBI Education Loan Schemes and Applicable Rates

State Bank of India offers several education loan schemes, each with tailored interest rates and features. These schemes reflect different student needs, such as studying in India, studying abroad, or qualifying through merit-based criteria.

SBI Student Loan Scheme

The SBI Student Loan Scheme is the principal education loan product for general students. Under this scheme, education loan interest rates vary based on loan amount and security provided. For loans up to ₹7.50 lakh without collateral, the interest rate is higher than for loans above ₹7.50 lakh with collateral or security. A concession of 0.50% is available for eligible female students under this scheme.

SBI Scholar Loan Scheme

The SBI Scholar Loan Scheme offers interest rates tailored for students admitted to select premier institutions. This scheme can provide lower interest rates compared with the standard loan product, making it attractive for students entering high-ranking colleges and universities. The scheme also offers extended repayment flexibility and permissible moratorium periods.

SBI Global Ed-Vantage Scheme

For students pursuing higher education abroad, the SBI Global Ed-Vantage Scheme provides substantial loan amounts with competitive interest rate structures. The education loan interest on this scheme ranges depending on loan quantum, collateral status, and additional concessions, with moratorium and long repayment options built into the structure.

SBI Shaurya Education Loan

The SBI Shaurya Education Loan is designed for family members of defence personnel and offers competitive interest rates across different loan segments, with tailored moratorium and repayment provisions. A female concession also applies.

Eligibility Criteria for SBI Education Loan

Interest rate on education loan in State Bank of India is complemented by eligibility conditions that applicants must fulfil to be approved for financing. These criteria generally include:

1. The applicant must be an Indian citizen or meet nationality specifications set by SBI.
2. The student must have secured admission into a recognised educational institution in India or abroad.
3. For loan amounts above certain thresholds, acceptable collateral or security must be provided, or a third-party guarantee may be required.
4. Minimum age requirements and documented proof of admission, identity, and financial obligations apply as per bank policies and scheme rules.

Concessions and Benefits

State Bank of India offers certain interest rate concessions and benefits that can lower the effective cost of borrowing on education loans:

• Female Student Concession: A standard concession of 0.50% on the interest rate for eligible female students in select schemes.
• Moratorium Period: SBI provides a moratorium period where repayment of principal and interest is deferred until after course completion, plus a grace period.
• Flexible Repayment Terms: Repayment options can extend up to 15 years post-moratorium, allowing borrowers to manage cash flow effectively.

Repayment Terms and Interest Application

Interest rate on education loan in State Bank of India is applied from the date of disbursement and continues throughout the loan tenure, with interest compounded monthly on many loan variants. The moratorium period allows students to focus on their studies before beginning repayment obligations. Borrowers have the option to pay interest during the moratorium period to reduce overall interest cost. Long-term repayment plans are available, often up to a maximum of 15 years after completing the moratorium phase.

How to Apply for an SBI Education Loan

Prospective borrowers can apply for an education loan with State Bank of India either online through the SBI education loan portal or by visiting an SBI branch. The application process requires submission of admission documents, proof of identity, financial statements, and other supporting documents as specified by the bank. SBI representatives assist applicants throughout the loan process, ensuring clarity on interest rate terms, eligibility, and repayment options.

Quick Overview: Interest Rate on Education Loan in State Bank of India

Interest rate on education loan in State Bank of India varies by scheme, loan amount, and collateral status, with the most recent figures indicating interest rates starting from 8.90% to 9.90% under standard schemes, and additional tailored rates for specialised loans like Scholar and Global Ed-Vantage. The floating nature of these rates ensures that they remain responsive to benchmark movements set by the RBI. Applicants should assess their eligibility, compare applicable rates, and consider concessions available before applying for an SBI education loan.

Read More: Best Study Loan Without Collateral: Best No-Security Education Loan Options in India (2026 Guide)