Apply for Education Loan – Interest Rates, Eligibility, and More

1. Punjab National Bank Education Loan

   1. Maximum Loan Amount: Need Based
   2. Maximum Loan Tenure: 15 Years
   3. Collateral: Nil Up to Rs.7.5 lakh
   4. Margin: Nil Up to Rs.4 lakh
   5. Offers loans to Indian residents and OCIs/PIOs/students born abroad to Indian parents and want to pursue studies in India.
   6. No security is required up to Rs.7.50 lakh
   7. Moratorium period is course period and 1 year

2. SBI Education Loan

   1. No collateral or third-party guarantee required up to Rs. 7.5 lakh
   2. Repayment to be done one year after course completion
   3. Repayment up to 15 years post the course completion + 12 months
   4. Zero processing fees for loans up to Rs.20 lakh
   5. Second loan can be availed for completing higher studies

3. Axis Bank Education Loan

   1. Minimum loan amount is Rs.50,000
   2. Maximum Loan Tenure: 20 years
   3. Margin: Nil Up to Rs.4 lakh
   4. Can secure loan before admission based on profile.
   5. Loan disbursal within 15 business days from the date the bank receives your complete application.
   6. Unsecured loans up to Rs.20 lakh for working professionals.

4. Bank of Baroda Education loan

   1. Maximum Loan Amount: Rs.150lakh
   2. No security up to Rs.7.5 lakh
   3. No margin on loans up to Rs.4 lakh
   4. No processing fees
   5. No documentation charges

5. HDFC Bank Education Loan

   1. Maximum loan amount is Rs.1.5 crore
   2. Loan repayment tenure is up to 15 years
   3. Easy documentation process
   4. No collateral required up to Rs.7.5 lakh
   5. Tax benefit can be availed on education loan
   6. Loan amount will be directly disbursed to the institution based on its fee structure

6. TATA Capital Education Loan

   1. Maximum loan amount of Rs.30 lakh
   2. Collateral: Nil Up to Rs.4 lakh
   3. Rate of interest starting at 10.99%
   4. The processing fee is 2.75% of the loan amount.
   5. Choose from 3 EMI plans as per your convenience.
   6. Minimal documentation and quick approval of loans

Nationality:

• Indian citizens
• Non-Indian Residents (NRIs)
• Overseas Citizens of India (OCI)
• Persons of Indian Origin (PIOs)
• Students born to Indian parents abroad and wish to study in India

Courses:

• Undergraduate programs
• Postgraduate programs
• Doctoral courses and PhDs
• Certificate courses of 6 months or longer duration
• Job-oriented courses
• Technical/diploma/professional courses

Institutes:

• Recognized institutions and government colleges
• Private institutes aided by government
• Professional institutions
• International colleges and universities

Collateral:

• Collateral-free loans up to Rs.7.5 lakh from leading lenders
• Collateral-free loans up to Rs.40 lakh for select courses/institutions from select lenders

Acceptable collateral: Residential or commercial property or plot, fixed deposits, insurance

Loan amount: Up to Rs.1 crore

Abroad

• Job oriented courses (professional/technical) for Graduation/Post Graduation/Diploma such as MBA/MCA/MS, etc. offered by reputable institutions.
• Courses conducted by CIMA and CPA.

• Loan financing up to Rs.1 crore available.
• Loan repayment tenure up to 15 years.
• Get Education loans for studies in India and abroad.
• Some lenders offer loan disbursal before applying for a Visa.
• Door-step service to collect required documents.
• Children of the bank's employees enjoy preferential rates at several banks.
• Certain banks offer concessional interest rates to female students.
• Enjoy a moratorium period of up to 1 year after course completion. During this period, you do not have to make payments on the loan.
• Enjoy tax benefits up to 8 years on the interest paid.

• Center on Ponders, Not Funds:- Let us handle the budgetary push. Concentrate on your thinks whereas we back your instruction costs.
• Build Your Credit History:- Begin building a positive credit history by overseeing your instruction credit capably.
• Wide Run of Courses Secured:- Seek after your enthusiasm. Our instruction credits cover an assortment of courses, giving you the flexibility to select.
• Career-Focused Back:- Contribute to your future career without compromising your display of money-related steadiness.