Education Loan at Best Interest Rates
Finance your dream education in India or abroad. Compare education loans from top banks with interest rates starting at just 8.30% p.a.
Why Choose InstaEMI?
Education Loan Interest Rates
Compare the latest education loan interest rates from top banks and NBFCs
| Bank / NBFC | Interest Rate (p.a.) | Processing Fee | Tenure | Max Amount | Action |
|---|---|---|---|---|---|
| SBI | 8.50% - 11.15% | Nil | Up to 15 years | ₹1.5 Cr | Apply |
| HDFC Credila | 9.50% - 13.50% | Up to 1.00% | Up to 15 years | ₹1 Cr | Apply |
| ICICI Bank | 9.85% - 13.00% | Up to 1.00% | Up to 15 years | ₹1 Cr | Apply |
| Axis Bank | 9.70% - 16.00% | Up to 1.00% | Up to 15 years | ₹75 Lakh | Apply |
| Bank of Baroda | 8.30% - 10.60% | Nil | Up to 15 years | ₹80 Lakh | Apply |
| Avanse | 10.50% - 16.00% | Up to 2.00% | Up to 15 years | No Limit | Apply |
| Prodigy Finance | Variable | Nil | Up to 20 years | Full Cost | Apply |
| PNB | 8.50% - 10.90% | Nil | Up to 15 years | ₹20 Lakh | Apply |
Education Loan Eligibility Criteria
Requirements for domestic and abroad education loans
Documents Required for Education Loan
Keep these documents ready for faster loan processing
Identity Proof
Aadhaar, PAN of student & co-applicant
Admission Proof
Admission letter, Fee structure
Academic Records
10th, 12th, Graduation marksheets
Income Proof
Co-applicant's salary slips/ITR
Collateral Docs
Property papers (if applicable)
How to Apply for Education Loan
Fund your education in 4 simple steps
Secure Admission
Get admission letter and fee structure from your desired institution.
Compare Loan Options
Compare education loan offers from banks & NBFCs. Check interest rates and terms.
Submit Application
Apply with admission proof, academic records, and co-applicant income documents.
Receive Disbursement
Loan disbursed directly to institution. Study abroad funds sent as per fee schedule.
Education Loan Offers From Top Lenders
Compare and choose the best education loan for your studies
SBI Student Loan
State Bank of India
8.15% - 10.5%
Loan Amount
₹1 Lakh - ₹1.5 Cr
Tenure
60 - 180 mo
Processing Fee: Nil
HDFC Credila Education Loan
HDFC Credila
9% - 13.5%
Loan Amount
₹1 Lakh - ₹5.0 Cr
Tenure
60 - 180 mo
Processing Fee: Nil
Axis Bank Education Loan
Axis Bank
9.25% - 14%
Loan Amount
₹1 Lakh - ₹75 Lakh
Tenure
60 - 180 mo
Processing Fee: 0.5% - 1%
Frequently Asked Questions
Get answers to common questions about education loans
For domestic studies: Banks like SBI offer up to ₹1.5 Crore. For abroad: Specialized lenders like HDFC Credila, Avanse, Prodigy Finance can fund full course cost including tuition, living expenses, and travel. Amount depends on university ranking, course, co-applicant income, and collateral value.
Ready to Fund Your Dream Education?
Compare education loan offers from 15+ banks and get instant approval for your studies.