Nepal SBI Bank Education Loan interest rate 2083
Nepal SBI Bank's education loan is priced at 7.1%–9.1% effective in Bhadra 2083: a 5.1% base rate plus a 2%–4% premium. That ranks 12th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,848, plus a 0.5% processing fee.
- Effective rate
- 7.1% – 9.1%
- Base rate
- 5.1%
- Premium
- 2% – 4%
- Processing fee
- 0.5%
- Maximum tenure
- 180 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 12 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: nsbl.statebank/interest-rates-loans
Nepal SBI Bank Education Loan: effective rate 7.1%, EMI from Rs. 19,848 per month. Compare with 17 other banks.
Rate breakdown
Base rate
5.1%
Premium
2%–4%
Effective rate
7.1%–9.1%
Fixed
9.99%–10.99%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 0.69%
- Fixed-rate terms
- Up to 5 yrs 9.99% · 5–10 yrs 10.49% · above 10 yrs 10.99%
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 80%
- 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 5.1% plus a premium of 2% to 4%, giving 7.1% to 9.1% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Nepal SBI Bank?+
At 7.1% over 60 months, the EMI is roughly Rs. 19,848. 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.
