Education Loan

Leading Indian banks offer education loans to help students achieve their academic objectives. A school loan with a payback duration of up to 15 years starts at 6.60 percent per year in interest. Both in-country and out-of-country higher education can benefit from education loans.
The lender will determine which courses are qualified for an education loan. An education loan may be obtained for courses beginning in Nursery. You can acquire a loan for full-time or part-time courses, as well as loans for working professionals, for higher education.

Compare Top Education Loan

Name of Bank Interest Rate (p.a.) Processing Fees
SBI Up to 9.05% Up to Rs.10,000
Axis 13.70% to 15.20% Nil to Rs.15,000 + GST
Bank of Baroda 8.85% to 10.85% 1% of loan amount up to Rs.10,000
HDFC 9.55% to 13.25% Up to 1% of loan amount + tax

Education Loan Eligibility


  • 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 with 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