Education Loan Interest Rate

Interest rate

Final Interest Rate

Discounts

SBI Student Loan Scheme

EBR + 2%

11.15%

• 0.50% - for female students 
• 0.50% - Rinn Raksha

SBI Global Ed-Vantage Scheme

EBR + 2%

11.15%

• 0.50% - for female students 
• 0.50% - Rinn Raksha

SBI Skill Loan Scheme

EBR + 1.50%

10.65%

• 0.50% - for female students 
• 0.50% - Rinn Raksha 

Shaurya Education Loan (secured)

EBR+ 2.00%

11.15%

• 0.50% - for female students 
• 0.50% - Rinn Raksha

Shaurya Education Loan (unsecured)

EBR+ 2.60%

11.75%

• 0.50% - for female students 
• 0.50% - Rinn Raksha

Institution

Interest rate

Final Interest Rate

Discounts

AA 

All IITs

EBR+ 0.00%

8.15%

• 1% Business strategy discount 
• 0.50% - for female students 
• 0.50% - Rinn Raksha 

AA

Other institutions 

EBR + 0.05%

8.20%

• 1% Business strategy discount 
• 0.50% - for female students 
• 0.50% - Rinn Raksha 

A

All IITs

EBR + 0.00%

8.15%

• 1% Business strategy discount
• 0.50% - for female students 
• 0.50% - Rinn Raksha 

A

Other institutions 

EBR+0.50%

8.65%

• 1% Business strategy discount
• 0.50% - for female students 
• 0.50% - Rinn Raksha

B

All NITs 

EBR+0.50%

8.65%

• 1% Business strategy discount
• 0.50% - for female students 
• 0.50% - Rinn Raksha

B

Other institutions 

EBR+1.00%

9.15%

• 1% Business strategy discount
• 0.50% - for female students 
• 0.50% - Rinn Raksha

C

All NITs 

EBR+ 0.50%

8.65%

• 1% Business strategy discount
• 0.50% - for female students
• 0.50% - Rinn Raksha

C

Other institutions 

EBR+1.50%

9.65%

• 1% Business strategy discount
• 0.50% - for female students 
• 0.50% - Rinn Raksha

Baroda Education Loan to Students of Premier Institutions

(For Studies in India)

Baroda Executive Development Premier Institutions (For Studies in India)

-

-

-

EL for study in AWES Institute

• BRLLR+0.45% (Min Security 100% of the loan amount)
• BRLLR + 0.90%(Unsecured Loan)

-

Baroda Skill Loan Scheme

-

Baroda Vidya

-

• BRLLR+2.45% (Min Security 100% of the loan amount)
• BRLLR + 2.90%(Unsecured Loan)

-

Scheme Name

Interest rate

Final Interest Rate

Discounts

Star Education Loan (Under 7.5 Lakhs)

RBLR + 1.70%

10.95%

• 0.50% for female students 
• 0.50% pursuing higher studies in STEM courses

Star Education Loan (Above 7.5 Lakhs)

RBLR + 2.50%

11.75%

• 0.50% for female students 
• 0.50% pursuing higher studies in STEM courses

Star Vidya Loan

RBLR

9.25%

• 0.50% for female students 
• 0.50% pursuing higher studies in STEM courses

Institution

Interest Rate 

Final Interest Rate 

Discounts

AAA category

Repo + 1.60%

8.10%

0.5% for Female/ SC/ ST students 

AA category

Repo + 1.70%

8.20%

0.5% for Female/ SC/ ST students 

A category with collateral Security

RBLR - 0.35%

9.00%

0.5% for Female/ SC/ ST students

B category with Collateral Security

RBLR+1.25%

10.60%

0.5% for Female/ SC/ ST students 

C category with Collateral Security

RBLR+2.15%

11.50%

0.5% for Female/ SC/ ST students 

D category with Collateral Security (Abroad)

RBLR+1.25%

10.60%

0.5% for Female/ SC/ ST students 

Scheme Name

Interest rate

Final Interest Rate

Discounts

Education Loan To Executives For Pursuing MBA from Iims & Other Premier Management Institutes

REPO RATE (6.50%) + 1.60 (Credit Risk Premium) = 8.10% presently [For AAA Category]

REPO RATE (6.50%) + 1.70 (Credit Risk Premium) = 8.20% presently [For AA Category]

8.10% to 8.20%

Not applicable 

Cent Skill Loan

RBLR + CRP

11.15% to 11.20%

Not applicable

Scheme Name

Interest rate

Final Interest Rate

Discounts

Education Loan

UCO float rate + 2.80%

12.10%

Not applicable

UCO Premier Educational Loan Scheme

UCO float rate + 1.55%

10.85%

Not applicable 

UCO Super Premier Educational Loan Scheme

UCO float rate + 0.40%

9.70% 

Not applicable 

UCO Aspire

UCO float rate + CRP 2.40%

11.70%

0.50% concession for female students and children of staff

UCO Skill Loan

UCO float rate + CRP 1.90%

11.20%

Not applicable 

Scheme Name

Interest rate

Final Interest Rate 

Discounts 

PNB Saraswati (Secured)

 RLLR+BSP+ 1.25%

10.75%

0.5% for female students 

PNB Saraswati (Unsecured)

RLLR+BSP+ 2.00% 

11.75%

0.5% for female students  

PNB Udaan (Secured)

RLLR+BSP+1.25%

10.50%

0.5% for female students

PNB Udaan (Unsecured)

RLLR+BSP+2.00%

11.75%

0.5% for female students

PNB Pravasi Shiksha Loan

RLLR+BSP+2.15%

11.25%

Not applicable 

PNB Honhaar

RLLR+BSP+2.00% 

11.25%

Not applicable

Institute

IIMs, IITs, ISB Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur

Other 

Scheme Name

Interest rate 

Final Interest Rate 

Discounts 

Vidya Sagar Scheme 

RLLR + CRP (2.00%)

11.25%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term

IBA Skill Loan

RLLR + CRP (1.60%)

10.85%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term

Vidya Turant Scheme

RLLR + CRP (-0.65% to 0.60%)

8.60% to 9.85%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term
• 0.65% discount for select top 58 premium university

New Education Loan Scheme For Pursuing Master’s Degree Abroad From Select Top Ranking Universities Of the World

RLLR + CRP
CRP: 
100% collateral - 1.60%
>=75% collateral - 1.85% 
>=50% collateral - 2.10%

10.85% to 11.35%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term

Vidya Sahay Scheme

RLLR + CRP (2.00%)

11.25%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term

Vidya Shakthi

RLLR + CRP (0%)

9.25%

• 0.50% for female students
• 0.50% for quick repayment of interest on student loans during the term

Scheme Name

Interest rate 

Final Interest Rate

Special Scheme for students of Premier Management & Technical Institutes Inland (Tier - I)

EBLR - 0.70% to EBLR

8.55% to 9.25%

-

Special Scheme for students of Premier Management & Technical Institutes (Tier-II)

EBLR + 1.75%

11.00%

0.50% discount for female/SC/ST students 

Union Education India /Abroad/ NRI Student

EBLR + 2.10% 

11.30%

0.50% discount for female students

Union Education – Skill Development Loan

• Without deviation - EBLR + 1.50%
• With deviation - EBLR + 3.25%

10.75% to 12.50%

0.5% discount for female students

Union Kisan Siksha Suvidha (UKSS)

(On going with WeMakeScholars)

10.9% to 11.5%

• 0.5% for female students
• 1% if the SI is paid in full

Premium medical schools scheme 

-

Up to 40 lacs 

• Without collateral- 10.25%

Above 40 lacs

• With 100% collateral- 9.25% to 10.00%

Institute

Interest rate

Prime A 

11% to 11.5%

Prime B 

11.75% to 12% 

Institute

Interest rate

A1 

10.85%

A2

10.85%

A3

12%

A4

12%

Institute 

Interest rate 

Platinum/ Titanium 

8.5% to 10%

Gold 

8.5% to 11%

Bronze 

10% to 12%

Scheme Name 

Interest rate

Final interest rate

Special Vidya Loan

Repo Rate + 6.05 Onwards

12.55% Onwards

Fed Scholars

Repo Rate + 6.05 Onwards

12.55% Onwards

Federal Career Solutions Loan

Repo Rate + 6.05 Onwards

12.55% Onwards

Scheme Name

Interest rate 

Final interest rate 

SIB Vitjnan Pradhanscheme (VPS)

1 Year MCLR (9.35%)+ 1.50% to
1 Year MCLR (9.35%) + 3.05%

10.85% to 12.40%

• 1% if interest is paid while the moratorium is in effect
• 1%  if interest is paid during the moratorium.

SIB Excellence Scheme

Repo Rate (6.50%) + 4.05% to Repo Rate (6.50%) + 4.65%

10.55% to 11.15%

SIB Edusum

Repo Rate (6.50%)  + 10.20% to Repo Rate (6.50%)  + 10.95%

16.70% to 17.45%

SIB Global Education Scheme

Repo Rate (6.50%)  + 6.40% to Repo Rate (6.50%)  + 7.15%

12.90% to 13.65%

Bank Name

Scheme Name

Interest rate

Karur Vysya Bank

Education Loan

9.99%

City Union Bank

Vidyavani

15.75% *

Bandhan Bank 

Personal loan 

Starts from 9.47%

HSBC Bank 

Personal loan 

9.99% to 16%

IDBI Bank

Education Loan 

Starts from 8.50%

Kotak Mahindra Bank 

Education Loan 

Maximum 16% 

Karnataka Bank 

KBL Vidyanidhi

10.52% to 12.20%

Tamilnad Mercantile Bank 

TMB Education Loan 

12.15% to 12.40% 

IndusInd Bank 

Personal Loan 

Starts from 10.49%

Jammu and Kashmir Bank 

Education Loan

Starts from 10.95%

Yes bank 

Personal Loan 

Starts at 10.99%

Bank Name

  Interest rate

Final interest rate

Auxilo

14.85%

11% to 13.5% 

Avanse 

Base rate: 14.25%

11% to 13.5%

Incred 

-

11 to 13.5%

HDFC Credila 

CBLR (13.80%) + spread%

9.75% to 10%