Factors that Affect SBI Student Loan

  • Principal- The principal is the SBI Student Loan amount that you avail from the lender or banker. It is directly proportional to your all EMIs - lower principal will lower your monthly instalments for SBI Student Loan and vice versa.
  • Rate of interest- The rate of interest for SBI Student Loan is the rate at which the lender offers you the SBI Student Loan. It is also directly proportional to the value of your SBI Student Loan EMIs.
  • Tenure- The tenure is the time within which you repay your SBI Student Loan. The tenure is inversely proportional to your all other loan EMIs - longer tenure makes the monthly EMI instalments cheaper and vice versa.

  • Allahabad Bank