Education Loan Rates For Studies In India

Education loan is the best way to pursue higher education without getting your finances disturbed. You can take for courses in India or abroad. For unemployed students, their guardian or parents need to be guarantors.

Top Lenders providing education loans

Axis Bank

Loan Amount Rate of Interest%

• Upto Rs. 4lacs - 15.20

• Loans greater than Rs. 4lacs and upto Rs.7.5lacs - 14.70

• Loans greater than Rs. 7.5lacs - 13.70

Bank of Baroda

Loan Amount Rate of Interest%

• For all loan types and amount - 8.50 onwards

Canara Bank

Loan Amount Rate of Interest%

• For Vidhya Turant Loan Scheme - 6.60

• Upto Rs. 4lacs - 10.40

• Loans greater than Rs. 4lacs and upto Rs.7.5lacs - 10.40

• Loans greater than Rs. 7.5lacs - 10.20

• IBA's model loan scheme for vocational education and training - 9.90

HDFC Bank

Loan Amount Rate of Interest%

• Minimum APR - 9.00

• Maximum APR - 13.86

• Average APR - 11.57

Kotak Mahindra Bank

Loan Amount Rate of Interest%

• For all loan types and amounts - 11.50 to 24.00

Punjab Natonal Bank

Loan Amount Rate of Interest%

• PNB Kaushal - 8.55 onwards

• PNB Saraswati/Udaan - 10.30 onwards

• PNB Pratibha (for admission to IITs , IIMs and XLRI Jamshedpur) - 8.45 onwards

• PNB Pratibha (for admission to other colleges) - 8.55 onwards

• PNB Honhaar - 10.45

Avanse

Loan Amount Rate of Interest%

• For all loan types and amounts - 10 to 16.50

Credila

Loan Amount Rate of Interest%

• For all loan types and amounts - 11.85 onwards