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SBI Offering 100 Per Cent Financing on Education Loans
April 17, 2017
The State Bank of India (SBI) is offering a 100% financing on education loans up to Rs. 30 lakhs with a term as long as 15 years. These will be the SBI “scholar loans” that the students can get at interest rates ranging between 8.5% to 10%.
The news about SBI scholar loans was announced by SBI in a tweet, as the bank has now attained a new identity after merging with Bharatiya Mahila Bank and other five associate banks. As per the new loan scheme, the students aspiring for higher education can apply for loans in select 120 institutions in India.
