Interest Rates of Different Banks for Education Loan
Here are the interest rates provided by different prominent banks in India for study-abroad education loans:
Bank | Interest Rate |
---|---|
HDFC Credila Education Loan | 13.80% (approx) |
ICICI | 9.40% to 14.00% |
SBI | 11.15% |
Axis Bank |
13.70% to 15.20% |
Punjab National Bank |
9.40% to 12.10% |
Bank of Baroda (Baroda Scholar) | 9.70% to 12.20% |
Indian Bank | 8.80% to 11.40% |
Union Bank of India | 10.90% p.a. to 12.55% p.a |
Best Education Loan for Studying Abroad in 2024: How to Apply?
Individuals aspiring to pursue higher education abroad, yet facing financial constraints, now have the opportunity to secure funding for their academic pursuits. This article aims to delve into the intricacies of securing the best education loan in India for studying abroad.
From the application process and eligibility criteria to the requisite documentation, we will explore various facets of student loans, including the involvement of Indian banks in providing financial assistance and the significance of a guarantor.
Table of Content
- Advantages of Education Loan
- Eligibility Criteria for Education Loan
- Documents Required for Education Loan to Study Abroad
- Technical Documentation
- Legal Documentation for Education Loan
- Interest Rates of Different Banks for Education Loan
- Steps to Apply for Education Loan
- Top Education Loans Providers in India for Studying Abroad
- Study Abroad Education Loan from NBFCs
- Crowd Funded Companies as Loan Providers
- Loan schemes offered by Indian banks
- UGC’s Educational Loan Scheme