I want to take education loan for Part Time Master of Business Administration course from State Bank of India so give me details about loan amount and interest rate.

[Vishal Kotkar]

Following is SBI Part Time MBA education loan amount and interest rate details:

For studies in India, maximum Rs. 10 lacs
Studies abroad, maximum Rs. 20 lacs
Loan Amount:- Loans upto Rs. 4.00 Lacs

Rate of Interest:- 0.50% below SBAR i.e. 11.75% p.a.

Special Offer (for the loan sanctioned from 1.5.2009 to 30.9.2009):- 11.50% (75 bps below SBAR)

Loan Amount:- Loans above Rs. 4.00 Lacs and upto Rs. 7.50 Lacs

Rate of Interest:- 1.00% above SBAR i.e. 13.25% p.a.

Special Offer (for the loan sanctioned from 1.5.2009 to 30.9.2009):- 11.25% (100 bps below SBAR)

Loan Amount:- Loans above Rs. 7.50 Lacs

Rate of Interest:- At SBAR i.e. 12.25% p.a.