<h1>RBI Deregulates Education Loan Interest Rates; SBI Rates Range from 10.25% to 15.25% Annually; IBA Urges Grievance Awareness.</h1> Education loans in India are provided by banks under the Model Education Loan Scheme of the Indian Bank Association (IBA). The Reserve Bank of India (RBI) has deregulated interest rates, allowing them to vary based on the banks' base rates and the loan amount. Over the past three years, State Bank of India's education loan interest rates ranged from 10.25% to 15.25% annually. Upon receiving complaints about education loans, the RBI addresses them with the respective bank's head office. The IBA has instructed banks to widely publicize their grievance redressal mechanisms for education loans.