- State Bank of India offers loans for adding new skills to your profile
- SBI Skill Loan covers professional certification from various courses
- SBI recently updated its branding with a new monogram after a mega merger
(Also read: At SBI, you don't need to maintain minimum balance in these accounts)
SBI’s Skill loan enables you to get professional certification from any college or course affiliated with the various institutions. pic.twitter.com/Owprmkie3i— State Bank of India (@TheOfficialSBI) April 17, 2017
State Bank of India offers loans up to Rs 1.5 lakh under the Skill Loan scheme. The Skill Loan comes with an effective interest rate of 9.5 per cent, based on an MCLR or marginal cost of funds-based lending rate of 8 per cent.
SBI's Skill Loan scheme also offers a concession of 1 per cent for a full term, in case the interest is serviced promptly "as and when applied during the moratorium period, including course duration", as per the bank's website.
Meanwhile, five associate banks - State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT) - and Bharatiya Mahila Bank are now part of SBI. With the merger effective March 31, 2017, SBI said it will join the league of top 50 banks globally in terms of assets.
SBI merges 5 associate banks and the Bharatiya Mahila Bank with itself. With this feat, SBI joins the coveted league of Global Top 50 banks. pic.twitter.com/2qpZyMEjQn— State Bank of India (@TheOfficialSBI) April 1, 2017