Nepal SBI Bank Education Loan interest rate 2083
Nepal SBI Bank Education Loan: effective rate 8.98%, EMI from Rs. 20,749 per month. Compare with 19 other banks.
#5 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.12%
Premium
2.86%–4.23%
Effective rate
8.98%–10.35%
Fixed
Not offered
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 0.69%
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 8%
- Age
- 21 – 40 years
Highlights
- Nepal and abroad study
- Moratorium during study
- Covers tuition, living and travel
Who is eligible
Admission letter and fee structure required. Parent or guardian as co-borrower.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Admission letter
- Fee structure
- Passport (for abroad)
Nepal SBI Bank Education Loan FAQ
What is Nepal SBI Bank's current Education Loan interest rate?+
Nepal SBI Bank's Education Loan floating rate is base rate 6.12% plus a premium of 2.86% to 4.23%, giving 8.98% to 10.35% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Nepal SBI Bank?+
At 8.98% over 60 months, the EMI is roughly Rs. 20,749. Use the calculator above to change the amount or tenure.
Can I prepay a Nepal SBI Bank Education Loan?+
Yes. The published prepayment charge is 0.69% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.