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Home › Education Loan › State Bank of India

State Bank of India Education Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

State Bank of India advertises education loan rates starting from 7% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹23,222 a month.

Starting rate7%per annum
EMI per month₹23,222₹20 lakh, 10 years
Total interest₹7,86,604over the full term
Max tenuren/aas stated by the bank

SBI education loan rates and charges

Starting interest rate7% per annum
Applies toPremier institutes such as IITs and IIMs, until 31 December 2026; up to ₹7.5 lakh without collateral 10.15%
Effective from15 October 2026
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: State Bank of India official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

SBI education loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹10 lakh for 7 years₹10 lakh for 10 years₹10 lakh for 15 years₹20 lakh for 7 years₹20 lakh for 10 years₹20 lakh for 15 years₹30 lakh for 7 years₹30 lakh for 10 years₹30 lakh for 15 years

Compare State Bank of India with other banks

SBI vs Central BankSBI vs PNBSBI vs Bank of MaharashtraSBI vs Indian BankSBI vs Union BankSBI vs Canara BankSBI vs ICICI BankSBI vs Federal BankSBI vs Kotak

Frequently asked questions

What is the State Bank of India education loan interest rate?

State Bank of India's website advertises education loan rates starting from 7% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹20 lakh education loan from State Bank of India?

At the starting rate of 7% over 10 years the EMI is about ₹23,222 a month, with total interest of about ₹7,86,604. A higher personal rate would raise this.

What is the processing fee for a State Bank of India education loan?

The State Bank of India page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does State Bank of India charge prepayment charges on a education loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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