• Bank Name
  • Interest Rate
  • Max Time
  • Loan Type
  • Scheme
  • Compare
  • Up to INR 7.50 Lacs: 10.55%
    Above INR 7.50 Lacs: 10.80%
  • 15 years
  • Student
  • Padho Pardesh
    CSIS
    Skill Loan Scheme
  • up to INR 7.5 Lacs: MCLR + 2.00%
    above INR 7.5 Lacs: 2.60%
  • 15 years
  • Saraswat
  • Padho Pardesh
    CSIS
    Skill Loan Scheme
  • 12.10%+ floating rate(depends on the risks points of the applicant)
  • Loan amount upto INR 7.5 Lacs: 10 years
    Loan amount above INR 7.5 Lacs: 15 years
  • HDFC Education
  • CSIS
  • Upto 4 Lacs- 16.50%
    Upto 7.5 Lacs- 17.50%
    Above 7.5 Lacs- 15.50%
  • 7 years
  • Axis Education
  • CSIS
  • up to INR 4 Lacs: 13.6%
    above INR 4 Lacs: 14.6%.
  • 5-7 years
  • ICICI Education
  • Skill Loan Scheme, CSIS
  • Up to INR 7.5 Lacs: 10.70%
    Above INR 7.5 Lacs: 10.50%
  • Up to INR 7.5 Lacs: 10 years
    Above INR 7.5 Lacs: 15 years
  • IBA Model for India
  • CSIS
    Padho Pardesh
  • 1 year MCLR
    Strategic Premium of 2% and
  • Up to INR 7.5 Lacs- 10 years
    Above INR 7.5 Lavs- 15 years
  • Baroda Gyan
  • CSIS
    Skill loan Scheme
    Padho Pardesh
  • For IIMs, ISBs, and XLRI: base rate+1.50%.
    For IITs, BITS, and other premier institutes: base rate+2.0%.
    For NITs and other reputed institutes: base rate+2.5%.For other colleges: base rate+3%.
  • 15 years
  • Allahabad Education
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • 12.50%
  • 15 Years
  • IBA Model
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
    ACSISOBCEBC Subsidy
  • Up to INR 10 Lacs : 1 year MCLR+0.85%
    Above INR 10 Lacs:1 year MCLR+1.45%
  • 15 Years
  • Non Vocational Course
  • CSIS
    Skill Loan Scheme
  • Upto 7.5 Lacs: 11.10%
    Above 7.5 lacs: 13.30%
  • 15 years
  • KBL Vidya Nidhi
  • Padho Pardesh
    CSIS
    Skill Loan Scheme
  • Up to INR 7.5 Lacs: 11.50% to 24%.
    Above INR 7.5 Lacs, the RoI is 15.75%.
  • 5-7 years
  • Kotak Mahindra Education
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • For Category A: 1-year MCLR.
    For Category B: 1-year MCLR+0.50%
    For other institutes: Up to 7.5 Lacs- 1-year MCLR+2%.; Above 7.5 Lacs- 1-year MCLR+1.75%
  • 15 years
  • Oriental Education
  • CSIS
  • up to INR 4 Lacs: 1-year MCLR+1.60%.
    4 Lacs to 7.5 Lacs: 1-year MCLR+1.85%.
    above INR 7.5 Lacs: 1-year MCLR+2.85%.
  • 15Year
  • Synd Vidya
  • CSIS
    Skill Loan Scheme
  • For IBA approved course: PLR-3.75=10.65%.
    For IBA non-approved courses: PLR-2.00=12.40%.
  • Maximum 12 years inclusive of moratorium period.
  • Saraswat Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Up to INR 7.5 Lacs:1-year MCLR+2.00%
    Above INR 7.5 Lacs: 1-year MCLR+2.40%
  • 15Year
  • UCO Education
  • CSIS
    Skill Loan Scheme
  • Up to INR 4 Lacs:11.85%.
    From INR 4-7.5 Lacs:11.60%
    Above INR 7.5 Lacs: 10.70%.
  • 15 years
  • Union Education
  • CSIS
    Skill Loan Scheme
    CGFSEL
    Padho Pardesh
  • Up to 4 Lacs: 10.90%
    Between 4 Lacs and 7.5 Lacs : 10.90%
    Above 7.5 Lacs : 10.75%
    For students admitted to premier institutes : 8.75%
  • 15Year
  • Vijaya IBA Model
  • CSIS
    Skill Loan Scheme
  • Up to 4 Lacs : 12.75%
    Between 4 Lacs and 7.5 Lacs : 12.25%
    Above 7.5 Lacs 11.50%
  • 15Year
  • Bank of Maharashtra Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Male students: 1-year MCLR+2.00%
    Female students and SC/ST community : 1-year MCLR+1.50%
    For IIT students: 1-year MCLR+1.50%
  • 15 years
  • Cent Vidyarthi
  • Padho Pradesh
    CSIS
    Skill Loan Scheme
  • Bank approved Ed Institutes:8.30%
    Other institutes: 9.85%
  • 15 years
  • Dena Vidya Laxmi Education
  • CSIS
    Skill Loan
    Padho Pardesh
  • With Subsidy: 13.50%
    Without Subsidy: 15.25%
  • N.A.
  • Dhanlaxmi Education
  • CSIS
    Skill loan
    Padho Pardesh
  • Up to INR 7.5 Lacs:1-year MCLR+1.70%
    Above INR 7.5 Lacs: 1-year MCLR+2.50%
  • 15 Years
  • BOI Star Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Up to INR 4 Lacs: 15.15%
    From INR 4 to 7.50 Lacs: 16.15%
    Above INR 7.50 Lacs: 14.15%
  • 5-7 years
  • RBL Education
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • 10.50% to 12% on all amounts.
  • 7 years
  • DNS Education
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • Up to INR 4 Lacs: 13.25%
    Above INR 4 Lacs 14.75%
  • 5-7 years
  • Special Vidya
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • Up to INR 7.5 Lacs : 10.95%
    Above INR 7.5 Lacs : 11.30%
    For vocational courses : 10.45%
  • 15 Years
  • Corp Vidya Education
  • CSIS
    skill Loan Scheme
    Padho Pradesh
  • Up to INR 7.5 Lacs: 10.70%
    Above INR 7.5 Lacs: 11.70%
    For vocational course: 11.70%
    For the wards of staff members: 10.40%
  • 5-7 Years
  • Vidya Jyoti Education
  • Skill Loan Scheme
    CSIS
    Padho Pradesh
  • Up to INR 10 Lacs: 11.75%
    Above INR 10 Lacs: 12.75%
  • 15 Years
  • Abhyudaya Higher Studies
  • CSIS
    Skill Loan scheme
    Padho Pradesh
  • MCLR + 2.5 % to MCLR +3.5%
  • 15 Years
  • SIB Vitjnan pradhan
  • CSIS
    Skill Loan Scheme
    Padho Pardesh
  • 11% to 12% on all amount
  • 10 years
  • GP Parsik Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • The bank?s current MLR is 12.25%
    For a loan up to INR 4 Lacs, the RoI is MLR+0.25%
    For a loan above INR 4 Lacs, the RoI is MLR+1.25%
  • 1 to 7 years
  • Pragathi Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Minimum: 11.85%
    Maximum: 12.35%
  • 5 to 7 years
  • Karur Vysya Education
  • Skill Loan Scheme
    CSIS
  • Up to INR 4 Lacs : 12%
    Between INR 4 Lacs and INR 10 Lacs, the RoI is 12.5%
    Between INR 10 Lacs and INR 20 Lacs, the RoI is 13%
  • 15 Years
  • New India Cooperative Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Up to INR 7.5 Lacs : 1-year MCLR+2.00%
    Above INR 7.5 Lacs : 1-year MCLR+1.70%.
  • 15 Years
  • Andhra Higher Education
  • CSIS
    Skill Loan Scheme
    Andhra Bank Education Loan Subsidy Scheme
    Padho Pradesh
  • Up to INR 7.5 Lacs is 1-year MCLR+2.00%
    The RoI for loan above INR 7.5 Lacs is 1-year MCLR+1.50%
  • 15 Years
  • PSB Model Education
  • CSIs
    Skill Loan Scheme
  • Up to INR 4 Lacs: 13.05%
    Between INR 4 Lacs to INR 7.5 Lacs : 14.75%
    Above INR 7.5 Lacs : 13.75%
  • 15 Years
  • TMB Education
  • CSIS
    Padho Pradesh
  • Upto INR 5 Lacs:12.25%
    From INR 5 to 10 Lacs:13.25%
    Above INR 10 Lacs:14.00%
  • 15 Years
  • J&K Education
  • CSIS
    Skill Loan Scheme
    Padho Pradesh
  • Upto INR 7.50 lac : 11.05%
    Above INR 7.50 lac : 11.00%
  • 15 Years
  • UBI Education
  • CSIS
    Padho Pradesh
  • Up to INR 10 Lacs: 12.75%-14.00%
    Above INR 10 Lacs: 11.75%-13.75%
  • 10-15 years
  • InCred Education
  • None
  • Ranges between 12.70%-14.50%
  • 5-7 years
  • Auxilo Education
  • None
  • Ranges between 10%-16.50%
  • 10 years
  • Avanse Education
  • None
  • 12.99% onwards
  • 5 years
  • Bajaj Finance Education
  • None
  • 11%-15%
  • 5-7 years
  • Tata Capital Education
  • None
  • 15%-40%
  • 20 years
  • Fullerton Education
  • None
  • Domestic Undergraduate Loan is 9.99%
    Domestic Graduate Loan is 7.99%
    International Undergraduate Loan is 13.99%
    International Graduate Loan is 11.99%
  • Repayment of interest and principal over a ten-year period begins six months after graduation.
  • MPower Financing Education Loan
  • No
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EDUCATION LOAN: EVERYTHING TO KNOW ABOUT

Education Loan is a facility that extends monetary assistance to students aspiring to study either in India or Abroad but are held back due to financial constraints. Various banks (Government, Private or Co-operative) and NBFCs offer general and specialised education loans to meet all your needs.

While Education in India and Abroad is getting expensive, it gets hard for aspirants to pursue their higher education in reputed institutes. Hence, here our banks come into the frame and extend variants of education loan along with Government driven subsidy schemes to promote academic excellence in each sector of the society.

READ MORE
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CALCULATE YOUR EDUCATION LOAN EMI

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EMI Payable

1,000 per month

Total Interest

1,000

Payable Amount

1,000

Total Interest
Principal Loan Amount

HOW TO PROCEED WITH YOUR APPLICATION

Collect letter of admission

Fill the loan Applicatio form

Submit Documents in correct scheme

Approved/collect demand draft

FIND THE COMPLETE GUIDE HERE

Top Up Loans

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Top Up Loan or Second Loan is permitted within the overall limit to pursue a professional/ technical course in India or abroad. This facility is available on the clause that further studies are commenced during the moratorium period of the first loan and subject to the second loan being allowed with the security requirements as applicable to the aggregate loan limit. Post the second loan, the moratorium period will be extended for the duration of the second course and repayment will commence one year after the completion of the second course, or 6 months after taking up the job (whichever is earlier).