Education Loan
Education Loan
Education loan is offered by leading banks in India to help students achieve their academic dreams. Education loan Interest rates start from 7.30% p.a. with loan tenures of up to 15 years. Education loans are offered for higher education in both India and abroad.
What courses are eligible for an education loan will be decided by the lender. You can get an education loan for studies starting from Nursery. For higher studies, you can get a loan for full-time as well as part-time courses, and loans for working professionals.
Compare Top Education Loan Offers 2020
| Education Loan Schemes | Interest Rate | Loan Amount | Processing Fees |
|---|---|---|---|
| PNB | 7.30% onwards | Up to 15 Lakhs | Up to 4 Lakh and above |
| SBI | 7.97% p.a. - 10.05% p.a | Up to 4 Lakh and above | 1% of loan amount up to Rs.10,000 |
| PNB | 7.30% onwards | Up to 15 Lakhs | Up to 4 Lakh and above |
| SBI | 7.97% p.a. - 10.05% p.a | Up to 4 Lakh and above | 1% of loan amount up to Rs.10,000 |
Depending on the bank or financial institution, you could get a fixed interest rate package or a floating interest rate one. Floating rates are most likely based on the Repo Rate, and a spread may be added to it before offering you the final effective interest rate (EIR).
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Punjab National Bank Education Loan
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SBI Education Loan
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Axis Bank Education Loan
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