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%

  • Study in India: Nil
  • Study in abroad: Rs.5,000

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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