Which Bank Has Lowest Interest Rate on Education Loan Apply Easy Process
Which Bank Has Lowest Interest Rate on Education Loan Apply Easy Process
There are many families among us whose income is very low and if we want to send our children to a good school, college, or study abroad, we need a lot of money, so we have to take an education loan. Education loans are offered by various banks and private companies in India. And there are various government schemes from which education loans are given for studies at very low-interest rates.
The best arrangement for an education loan is that you can get your son and daughter to study at a low-interest rate with the education loan provided by the government.
Besides, if you want to take an education loan from a bank and which bank will get the best education loan at the lowest interest rate, check all the information given below very quickly.
Banks | Interest Rates | Processing Fees |
Punjab National Bank | Up to 16.90% | Minimum 1% of loan amount |
Canara Bank | Up to 10.40% | Nil |
State Bank of India | Up to 10.15% | Up to Rs.10,000 |
Bank of Baroda | 9.15% to 9.85% | 1% of loan amount |
IDBI Bank | Up to 9.50% | Contact the bank |
Bank of India | One Year MCLR + 1.70% to One Year MCLR + 2.50% |
|
Tamilnad Mercantile Bank | 10.55% to 11.55% | 1% of the loan amount |
HDFC | 9.55% to 13.25% p.a. | Up to 1% of loan amount |
UCO Bank | UCO Float Rate + 2.40% to UCO Float Rate + 2.80% | Nil |
Karnataka Bank | 9.67% onwards | Contact the bank |
Federal Bank | 11.45% onwards | Contact the bank |
Karur Vysya Bank | 11.50% to 12.50% p.a. | Nil |
Axis Bank | 13.70% to 15.20% | Rs.15,000 + GST |

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