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- Bank Name
- Interest Rate
- Max Time
- Loan Type
- Scheme
- Compare
- 100% Paperless Approved
Historical Interest rates
Details - Up to INR 7.50 Lacs: 10.55%
Above INR 7.50 Lacs: 10.80% - 15 years
- Student
- Padho Pardesh
CSIS
Skill Loan Scheme
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Upto 4 Lacs- 16.50%
Upto 7.5 Lacs- 17.50%
Above 7.5 Lacs- 15.50% - 7 years
- Axis Education
- CSIS
- 100% Paperless Approved
Historical Interest rates
Details - up to INR 4 Lacs: 13.6%
above INR 4 Lacs: 14.6%. - 5-7 years
- ICICI Education
- Skill Loan Scheme, CSIS
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 12.50%
- 15 Years
- IBA Model
- CSIS
Skill Loan Scheme
Padho Pardesh
ACSISOBCEBC Subsidy
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Upto 7.5 Lacs: 11.10%
Above 7.5 lacs: 13.30% - 15 years
- KBL Vidya Nidhi
- Padho Pardesh
CSIS
Skill Loan Scheme
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Bank approved Ed Institutes:8.30%
Other institutes: 9.85% - 15 years
- Dena Vidya Laxmi Education
- CSIS
Skill Loan
Padho Pardesh
- 100% Paperless Approved
Historical Interest rates
Details - With Subsidy: 13.50%
Without Subsidy: 15.25% - N.A.
- Dhanlaxmi Education
- CSIS
Skill loan
Padho Pardesh
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 10.50% to 12% on all amounts.
- 7 years
- DNS Education
- CSIS
Skill Loan Scheme
Padho Pardesh
- 100% Paperless Approved
Historical Interest rates
Details - Up to INR 4 Lacs: 13.25%
Above INR 4 Lacs 14.75% - 5-7 years
- Special Vidya
- CSIS
Skill Loan Scheme
Padho Pardesh
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Up to INR 10 Lacs: 11.75%
Above INR 10 Lacs: 12.75% - 15 Years
- Abhyudaya Higher Studies
- CSIS
Skill Loan scheme
Padho Pradesh
- 100% Paperless Approved
Historical Interest rates
Details - MCLR + 2.5 % to MCLR +3.5%
- 15 Years
- SIB Vitjnan pradhan
- CSIS
Skill Loan Scheme
Padho Pardesh
- 100% Paperless Approved
Historical Interest rates
Details - 11% to 12% on all amount
- 10 years
- GP Parsik Education
- CSIS
Skill Loan Scheme
Padho Pradesh
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Minimum: 11.85%
Maximum: 12.35% - 5 to 7 years
- Karur Vysya Education
- Skill Loan Scheme
CSIS
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - Upto INR 7.50 lac : 11.05%
Above INR 7.50 lac : 11.00% - 15 Years
- UBI Education
- CSIS
Padho Pradesh
- 100% Paperless Approved
Historical Interest rates
Details - Up to INR 10 Lacs: 12.75%-14.00%
Above INR 10 Lacs: 11.75%-13.75% - 10-15 years
- InCred Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - Ranges between 12.70%-14.50%
- 5-7 years
- Auxilo Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - Ranges between 10%-16.50%
- 10 years
- Avanse Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - 12.99% onwards
- 5 years
- Bajaj Finance Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - 11%-15%
- 5-7 years
- Tata Capital Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - 15%-40%
- 20 years
- Fullerton Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - 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
- 100% Paperless Approved
Historical Interest rates
Details - APR ranges from 6.7% to 11%
- 7,10,15,20 years
- Prodigy Finance Education
- None
- 100% Paperless Approved
Historical Interest rates
Details - 12.99%
- 5 years
- Propelld Education Loan
- None
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
CALCULATE YOUR EDUCATION LOAN EMI
1,000 per month
1,000
1,000
HOW TO PROCEED WITH YOUR APPLICATION
Collect letter of admission
Fill the loan Applicatio form
Submit Documents in correct scheme
Approved/collect demand draft
Top Up Loans
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).
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