Education

Lowest Education Loan Interest Rate

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Lowest Education Loan Interest Rate

An education loan is a loan where the borrower can avail a amount from banks, NBFCs, or financial institutions to pay for their education fees. It is also known as a student loan. Education loans are provided for higher education and many other professional courses.

Features and Benefits

There are some benefits of Education Loan: -

You can get a loan amount up to 1 crore for aboard students and up to 50 lakhs for domestic students.
100% financing available for certain conditions.
Education loan covers other expenses of student such as student exchange, travel expenses, laptop, study material etc,
Loan repayment tenure is up to 12 years or more.

Lowest Interest Rates for Education Loan

Interest rate 9.75%

Loan amount Up to 30 lakhs

Processing fee Nil

Current Interest Rates and Processing Fees by Banks

Bank name Interest Rates

HDFC Bank 8.50%

Punjab National Bank 7.30 %

Canara Bank 9.30%

UCO Bank 8.50%

Federal Bank 10.05%

Axis Bank 13.70%

State Bank of India 7.97%

IDBI Bank 6.90%

Karur Vysya Bank 10.60%

Central Bank of India 8.50%

Bank of Baroda 8.50%

Karnataka Bank 9.85%

Avanse 10.50%

Credila financial services private limited 8.25%

Education loan Process

An applicant must apply online for an education loan or visit the banks - Visit the official website of education loan and fill in the application form with required information.
Respond to the Agents- An agent will contact you soon after applying for the education loan.
Get a verification – You will receive a call or an e-mail for the confirmation or approval from the lending institutions within 48 hours.
Affix all the required documents – Affix all the necessary documents which you have to attach with them.

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EDUVANZ STUDENT LOANS

RVD Tutors 2020-06-12

It works towards providing free financial resources and unbiased advice.

Its team comprises of experienced professionals willing to impart information and knowledge to the youth of our country and enlighten them about the education loan process.

Best Education Loan In India

studenteducationloan 2021-08-11

Looking for an Education Loan?

Avail 100% finance without any collateral & flexible repayment solutions with Avanse Financial Services.

Why there is a strong demand for student loans despite the pandemic?

abhishek patil 2022-10-18

Most notably, it has altered how people seek out school and altered how people borrow money for student loans. Despite the COVID-19 issue, more Indian students than ever before are deciding to pursue higher education. Due to this surge and the nation's rising educational costs, there has been a steady rise in the demand for student loans. A rise in student outbound queries has also been observed by lenders of student loans. Today's aspirants want to better themselves, whether it is through executive education courses or short-term upskilling courses.

Which bank is best for education loan?

khephio .indexia 2023-11-14

When considering an education loan, one of the most critical decisions you'll make is selecting the right bank or financial institution to finance your education. But which bank is the best for an education loan? Key Factors to Consider When Choosing a Bank for Your Education LoanInterest RatesLoan AmountLoan TenureRepayment OptionsProcessing TimeCollateral RequirementsMoratorium PeriodPrepayment and Foreclosure ChargesWhich Bank Is the Best for Education Loan? Compare Interest Rates: Interest rates play a significant role in the cost of your education loan. ConclusionSelecting the right bank for your education loan is a critical decision that can significantly impact your financial well-being during and after your education.

Education Loans For Studying Abroad

mangesh patil 2019-06-11