student
All About Student Educational Loans In Abroad & India For 2023
education
- What is Education Loan
- Which Bank Has Lowest Interest Rate on Education Loan
- How to Get Education Loan for Abroad Studies without Collateral
- How to Get Education Loan from Government
- How To Pay Education Loan Without Interest
- How to Get Education Loan After 12th
- How to Apply for Education Loan for Abroad Studies
- Which bank gives education loan without collateral for abroad
- How to Repay Education Loan
- What is moratorium period in education loan
- How to apply for an education loan in vidyalakshmi portal
- Is cibil score required for an education loan
- Which documents are required for an education loan
- Is Education Loan Exempt from Tax
loan
is
a
great
source
- It’s a big chance to help parents by taking their financial responsibilities and maintaining their family savings.
- Making a good credit history
- Income Tax benefits under IT Act Section 80E.
- Fastly rising education costs.
of
financial
help
Axis Bank
| Education Loan | Interest (%) |
| All Category | 13.70% to 15.20% |
Bank of Baroda
| Education Loan | Interest (%) |
| Baroda Vidya | 12.45% |
| Baroda Gyan | 11% to 11.10% |
| Baroda Scholar | 10.35% to 11.10% |
| Baroda Loan – Premier Institutions | 9.10% to 10.15% |
Bank of India
| Education Loan | Interest (%) |
| Star Education Loan – India | 9.95% to 10.75% |
| Star Education Loan – Abroad | 9.95% to 11.60% |
| Star Vidya Loan | 8.25% |
| Star Progressive Education Loan | 9.95% |
Bank of Maharashtra
| Education Loan | Interest (%) |
| Model Education Loan | 10.70% to 11.05% |
| Maha Scholar Education Loan | 9.20% to 10.20% |
| Maha Scholar Overseas Education Loan | 10.30% |
Canara Bank
| Education Loan | Interest (%) |
| Vidya Sagar Loan | 10.85% to 11.25% |
| Vidya Turant – Premier Institutions | 9.25% to 9.85% |
| Education Loan – Abroad Institutions | 10.85% to 11.35% |
| Vidya Sahay Scheme | 11.25% (Up to INR 1 lakh) |
Punjab & Sind Bank
| Education Loan | Interest (%) |
| IBA Model Education Loan Scheme | 9.30% to 11.60% |
| PSB Excellence Education Loan | 9.10% to 9.30% |
Punjab National Bank
| Education Loan | Interest (%) |
| PNB Saraswati – India and Abroad | 11.25% to 12% |
| PNB Kaushal | 10.25% to 10.75% |
| PNB Pratibha | 8.55% to 10.50% |
| PNB Udaan – Abroad | 10.75% to 11.50% |
| PNB Honhaar | 11.25% |
State Bank of India
| Education Loan | Interest (%) |
| SBI Student Loan Scheme | 10.90% |
| Scholar Loans | 8.30% to 9.80% |
| Takeover of education loan | 10.90% |
| SBI Global Ed-Vantage (Abroad) | 10.90% |
| Shaurya Education Loan (Defense) | 10.90% to 11.50% |
South Indian Bank
| Education Loan | Interest (%) |
|---|---|
| SIB-EDUSUM | 16.70% to 17.45% |
| SIB Excellence | 10.55% to 11.15% |
| SIB Global Education | 12.90% to 13.65% |
Central Bank of India
| Education Loan | Interest (%) |
| Cent Vidyarthi | 10.65% to 11.25% |
| MBA loan to executive | 8.30% |
City Union Bank
| Education Loan | Interest (%) |
| CUB Vidyavani | 16% to 17.50% |
| CUB Vidhyavani (Management) | 16.50% to 17% |
Federal Bank
| Education Loan | Interest (%) |
| Federal Bank Education Loan | 12.55% onwards |
ICICI Bank
| Education Loan | Interest (%) |
| Education Loan | 9.50% onwards |
IDBI Bank
| Education Loan | Interest (%) |
| Non-vocational Courses | 10.60% to 11.10% |
| Vocational Courses | 11% |
IDFC First Bank
| Education Loan | Interest (%) |
| All Category | 9% to 15% |
Karur Vysya Bank
| Education Loan | Interest (%) |
| All Category | 11.20% to 13.70% |
Kotak Mahindra Bank
| Education Loan | Interest (%) |
| All Category | Up to 16% |
Tamilnad Mercantile Bank
| Education Loan | Interest (%) |
| TMB Education Loan | 12.15% to 12.40% |
Note: Above loan interest rates can be altered as per the banks terms and conditions so remember to cross-check the ROI of the selected loan scheme from the banks’ website before moving forward to apply for the loan.
that
offers
to
students
to
- Some of the banks offers concessions on interest rates by checking their credit score.
- Borrowers of education loan can get tax exemption under section 80E.
- Also, some banks provides up to 1% concession in ROI, when customer paid full amount of interest while study period.
- CGFSEL, Dr Ambedkar central scheme on education loans, Padho Pardesh Scheme are central government schemes that offer subsidies on ROI charged on the loan amount.
- Moreover, some banks charges extra interest as risk premium when the lender has not recieved any credit life insurance, that says liabilities are settled after insurers death.
achieve
- Can I take education loan as a student?
their
- What is the limit of student education loan?
academic
- How can I repay my education loan?
goals
- Can banks increase my education loan tenure?
.
- What are the latest RBI Guidelines for Education Loan?
availing
of
By the end of this guide, you will be able to find the complete information on the India or Overseas Student Education Loan. If not, let us know what are the missed topics on education loan in the below comment section so that our authors immediately work on it and provide the updated information too.
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