Sanima Bank Education Loan interest rate 2083
Sanima Bank Education Loan: effective rate 9.7%, EMI from Rs. 21,100 per month. Compare with 19 other banks.
#14 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
6.59%
Premium
3.11%–3.7%
Effective rate
9.7%–10.29%
Fixed
11.2%–12.29%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.13%
- 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)
Sanima Bank Education Loan FAQ
What is Sanima Bank's current Education Loan interest rate?+
Sanima Bank's Education Loan floating rate is base rate 6.59% plus a premium of 3.11% to 3.7%, giving 9.7% to 10.29% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Sanima Bank?+
At 9.7% over 60 months, the EMI is roughly Rs. 21,100. Use the calculator above to change the amount or tenure.
Can I prepay a Sanima Bank Education Loan?+
Yes. The published prepayment charge is 1.13% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.