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Sunday, July 21, 2024

Education loan

  • State Bank of India (SBI) Student Loan Scheme
  • Eligibility CriteriaIndian nationals aged between 18-30 years and have secured admission in a UG course in a recognized institution in India or abroad
  • Loan AmountUp to Rs. 1.5 crore for studies in India and Rs. 2 crore for studies abroad
  • Rate Of InterestAs per the prevailing MCLR (marginal cost of funds based lending rate) plus a spread of 1.65% per annum
  • Repayment TermUp to 15 years
  • Official Linkhttps://sbi.co.in/web/personal-banking/loans/education-loans/student-loan
  • HDFC Bank Education Loan
  • Eligibility CriteriaIndian nationals aged between 18-35 years and have secured admission in a UG course in a recognized institution in India or abroad
  • Loan AmountUp to Rs. 20 lakh for studies in India and up to Rs. 40 lakh for studies abroad
  • Rate Of Interest9.25%-13.99% p.a. depending on the loan amount and collateral offered
  • Repayment TermUp to 15 years
  • Official Linkhttps://www.hdfcbank.com/personal/loans/educational-loan
  • ICICI Bank Education Loan
  • Eligibility CriteriaIndian nationals aged between 18-35 years and have secured admission in a UG course in a recognized institution in India or abroad
  • Loan AmountUp to Rs. 1 crore for studies in India and up to Rs. 50 lakh for studies abroad
  • Rate Of Interest9.30%-11.50% p.a. depending on the loan amount and collateral offered
  • Repayment TermUp to 10 years
  • Official Linkhttps://www.icicibank.com/Personal-Banking/loans/education-loan/index.page
  • Bank of Baroda Education Loan
  • Eligibility CriteriaIndian nationals aged between 18-28 years and have secured admission in a UG course in a recognized institution in India or abroad
  • Loan AmountUp to Rs. 80 lakh for studies in India and up to Rs. 60 lakh for studies abroad
  • Rate Of Interest6.75%-8.25% p.a. depending on the loan amount and collateral offered
  • Repayment TermUp to 15 years
  • Official Linkhttps://www.bankofbaroda.in/personal-banking/loans/educational-loan.htm