| Educational loans | Spread Over BPLR | Effective Rate (from 01.07.07) |
Loans upto Rs 4 lacs |
-1.00% | 12.50% |
| Loans above Rs.4 lacs | -0.50% | 13.00% |
| Students satisfying DRI norms - Any Amount | 4.00% | |
| Students satisfying 60% handicap criteria - Any Amount | 4.00% | |
Note on Educational Loans |
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The rate of interest on education loans mentioned above pertains to new scheme on education loans circulated under circular no. CHO/SISB/02/2001-02 dated 29th May 2001 . Prior to it the Bank had its own scheme for education loans circulated under circular no CHO/SISB/23/99-2000 dated 9th September 1999 . Rate of interest under it shall be as follows. There would be no further disbursement under the old scheme |
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| Limits up to Rs 2 Lacs � BPLR | 13.50% | |
| Limits above Rs 2 Lacs � BPLR + 1.5% | 15.00% | |