State Bank of India or SBI is offering an interest rate of 8.5 per cent on education loans for studying in select business schools. As part of SBI's "Scholar Loan" scheme, select leading institutions where Indian students can get the concessional rate of interest include Indian Institute of Management (IIM)-Ahmedabad, IIM-Calcutta and Indian School of Business-Hyderabad or ISB-Hyderabad. This was said in a tweet by India's largest bank SBI which recently unveiled a new brand identity after merging its operations with six other banks.
Students seeking admission in select B-schools can now avail of the concessional interest rate of 8.50% under the SBI Scholar Loan. pic.twitter.com/Xu1QDwX2fZ
SBI currently offers 100 per cent financing on education loans up to Rs 30 lakh with a repayment period of up to 15 years. Scholar loans offer an interest rate between 8.5 per cent and 10.6 per cent and cover higher education courses in select 120 premier Indian institutions, as per SBI's website.Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
