Which is the cheapest education loan?
Baroda Education Loan to Students of Premier Institutions (For Studies in India) is the cheapest education loan in India.
What is the rate of study loan?
Top Banks Education Loan Interest Rates
| Banks/NBFC | Loan Amount | Rate of Interest |
|---|---|---|
| Axis Bank | Loans greater than Rs. 4 Lakhs and upto Rs. 7.5 Lakhs | 14.70% |
| Loans greater than Rs. 7.5 Lakhs | 13.70% | |
| Bank of Baroda | For all loan types and amounts | 8.50% onwards |
| Canara Bank | For Vidhya Turant Loan Scheme | 6.60% |
Which is the best interest rate for an education loan?
The borrower needs to show a loan margin of 15% for the loan amount of above INR 4 lakhs. Also, the bank offers the base rate as the interest rate on loans taken for pursuing an education at the top 200 universities across the world.
Which is the best loan for Foreign Studies in India?
HDFC Bank Education Loan for Foreign Education: This loan scheme can be availed by Indian students who wish to pursue studies abroad. The maximum amount available in this scheme is INR 20 lacs at a nominal rate of interest. Also, it offers tax benefits to the borrower and it can be sanctioned before admission as well.
Which is the best bank to get loan for abroad studies?
Students looking for education loan for abroad studies can now have the option to secure a loan from NBFCs. Some of the NBFCs options are: Credila: Credila is part of the renowned HDFC bank and provides loans to Indian students wishing to study abroad.
Which is the best Andhra Bank to get education loan?
Andhra bank offers education loan for higher studies in India and Abroad and educational loans for pursuing Vocational Courses. And any individual of any age group is eligible for an education loan. 0.50% concession for girl students. Concessional interest rates also apply for student who is pursuing their education at premier institutions.