Education Loan Interest Rates 2014 | Compare Education loan rates

Education loan rates comparison with various banks. Know Interest rates for studies in India & Abroad. Check latest interest rates of SBI, HDFC, ICICI, Axis Bank, Bank of India, Bank of Baroda, Allahabad Bank, PNB, Credila, Corporation Bank etc.

Check Education Loan Interest Rates 2014:

Banks Education Type Loan Amount Interest Rates
Axis Bank Study in India Up to Rs 10 Lac 17.25% – 16.25%
Study Abroad Up to Rs 20 Lac
Bank of Baroda Study in India Up to Rs 10 Lac 12.75% (up to Rs 4 Lac), 12% ( abv Rs 4 Lac )
Study Abroad Up to Rs 20 Lac
Bank of India Study in India Up to Rs 10 Lac 13.25% (loan upto 7.50 Lac); 12.75% ( abv Rs 7.50 Lac)
Study Abroad Up to Rs 20 Lac
Canara Bank Study in India Up to Rs 10 Lac N.A
Study Abroad Up to Rs 20 Lac
Corporation Bank Study in India Up to Rs 10 Lac N.A
Study Abroad Up to Rs 20 Lac
Central Bank of India Study in India Up to Rs 10 Lac 12.25% for male, 11.75% for female and SC/ST & IIM/IIT Students
Study Abroad Up to Rs 20 Lac
Credila Financial Services Study in India More Than Rs 20 Lac N.A
Study Abroad
IDBI Bank Study in India Above Rs 10 Lac 11.25% (upto Rs 10 Lac India, 20 lac abroad); 12.25% (above Rs 10 Lac India, 20 lac abroad)
Study Abroad Above Rs 20 Lac
Indian Bank Study in India Up to Rs 10 Lac 12.50% (upto Rs 7.50 Lac); 12.50% ( abv Rs 7.50 Lac)
Study Abroad Up to Rs 20 Lac
Indian Overseas Bank Study in India Up to Rs 10 Lac N.A
Study Abroad Up to Rs 20 Lac
Punjab National Bank Study in India Up to Rs 10 Lac 12.75% (upto Rs 4 Lac); 13.75% ( abv Rs 4 Lac to 7.5 lac); 13.25% (loans above 7.5lac)
Study Abroad Up to Rs 20 Lac
SBI Study in India Up to Rs 10 Lac 13.50% (up to Rs 4 Lac), 13.75% ( loan between Rs 4 Lac – 7.50 Lac); 11.75% ( abv Rs 7.50 Lac)

*(0.50% concession in interest for girl students)

Study Abroad Up to Rs 20 Lac
Syndicate Bank Study in India Up to Rs 10 Lac For loans upto Rs.4.00 lakhs -11.75%

For loans above Rs.4.00 lakhs – 12.25%

Study Abroad Up to Rs 20 Lac
Union Bank of India Study in India Up to Rs 10 Lac 12.50%(Boys),12.00%(Girls) (up to Rs 7.5 Lac);  12.25%(Boys), 11.75%(Girls) ( abv Rs 7.50 Lac)
Study Abroad Up to Rs 20 Lac
United Bank of India Study in India Up to Rs 10 Lac 12.25% (upto Rs 4 Lac); 13.00% p.a. ( abv Rs 4 Lac), 12.25% (Above Rs 7.5 Lac)
Study Abroad Up to Rs 20 Lac
Vijaya Bank Study in India Up to Rs 10 Lac N.A
Study Abroad Up to Rs 20 Lac
Uco Bank Study in India Up to Rs 10 Lac 12.70% (upto Rs 7.50 Lac); 12.45% ( abv Rs 7.50 Lac)
Study Abroad Up to Rs 20 Lac

The List is not Exhaustive; repayment starts typicallu one year after course completion or six months after securing employment, whichever earlier; repayment period is typically 5-7 years; No margin for loans up to Rs 4 lac, 5% margin for studies in India and 15% for overseas studies.

* Floating rate only

 

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