Which Bank Has Lowest Interest Rate on Education Loan?: Students who want to pursue higher studies in better educational institutions and search for financial support can take an education loan. Study loan is offered by most banks in India for interested students to achieve their goals easier. Before taking the education loan, we have to look at the multiple factors. One of that factors is the interest rate.
Out
Comparison of Interest Rates on Education Loan Offered by Different Banks
of
all
| Banks | Interest Rate (p.a.) |
| Bank of Baroda | 6.75% to 9.85% |
| State Bank of India | 6.85% to 8.65% |
| Central Bank of India | 6.85% to 8.75% |
| Bank of India | 6.85% to 9.35% |
| Punjab National Bank | 6.90% to 9.55% |
| Union Bank of India | 8.80% to 10.05% |
public
sector
Bank of Baroda
banks,
- Baroda Education to Students of Premier Institutions: 9.15% to 10.20% p.a
- Baroda Scholar: 10.40% p.a to 11.15% p.a
- Baroda Gyan: Up to 11.15% p.a
- Baroda Vidya: 12.50% p.a
State Bank of India
the
- SBI Take Over of Education Loan: 8.55% p.a to 10.05% p.a
- SBI Scholar Loan: 8.55% p.a to 10.05% p.a
- SBI Global ED-VANTAGE: 11.15% p.a
- SBI Student Loan: 11.15% p.a
Central Bank of India
Bank
- Cent Vidyarthi IIMs and other reputed management institutes: 8.30% per annum
- Cent Vidyarthi: 8.30% to 11.50% per annum
- Cent Education Loan: 8.30% to 11.25% per annum
- Cent Vidyarthi for Executive MBA: 8.80% per annum
- Cent Skill Loan: 11.15% to 11.20% per annum
Bank of India
of
- Bank of India Star Vidya Loan: 9.20% per annum
- Bank of India Star Education Loan: 10.95% to 11.75% per annum
- Bank of India Education Loan Abroad: 10.95% to 11.75% per annum
Punjab National Bank
Baroda
- PNB Pratibha: 8.55% to 10.50%
- PNB Udaan: 10.00% to 10.75%
- PNB Saraswati: 10.00% to 10.75%
- PNB Kaushal: 10.25% to 10.75%
- PNB Pravasi Shiksha Loan: 10.95% to 11.75%
- PNB Honhaar: 11.25%
Union Bank of India
Union Bank of India provides study loan to students with low-interest rates. Some of the loan schemes and interest rates per annum are listed here:
- Union Education Loan for Indian School of Business (ISB) Students: 8.55% to 9.50%
- Union Education Special Education Loan Scheme: 9.30% to 10.55%
- Union Education Premier Abroad: 9.30% to 10.80%
- Union Education – SPECIAL SCHEME FOR PREMIER MEDICAL INSTITUTES: 10.30% to 10.80%
- Union Education Skill Development: 10.80% to 12.05%
- Union Education (Above 7.5 lakh): 10.90%
- Union Education (Up to 7.5 lakh): 11.50%
offers
less
Nationality:
- Should be an Indian citizen
- Or Non-Indian Resident (NRI) or
- Overseas Citizens of India or Persons of Indian Origin
Courses:
interest
- Undergraduate courses
- Postgraduate courses
- Vocational training
- Professional certification courses
- Job-oriented courses
- PhDs and Doctorate courses
Institutions:
rates
- Government institutions
- Private colleges
- Recognised universities
- International colleges and universities
on
education
- Marksheets from previous school/college
- Admission letter from their educational institution
- Age-proof documents, i.e. Adhaar card, passport, PAN card etc.
- ID proof documents
- Address proof
- Recent bank account statements
- Passport size photographs
- Appropriate Visa
loans
Expecting that the information mentioned here about Which Bank Has the Lowest Interest Rate on Education Loans is helpful for you. Bank of Baroda offers lower interest rates for students to study abroad or in India. Get other details like How to Apply for Education Loan for Abroad Studies , How to Repay Education Loan and so on at our site.
