List of interest rates of education loans in different banks

The cost of the education in India and abroad is increasing as the years go by. Nowadays education loan is important for most students to pursue his higher education in India and abroad too.

The students who plan to rely on education loans to pursue their professional courses in India and abroad, have to look at the different banks and all their different interest rates, before selecting one which will suit their needs.

The education loan amount differs for Indian courses and the courses in abroad. The rate of interest also differs from bank to bank.

Read: Problems Students Face When Taking an Education Loan in India

The following table shows the list of banks and their current interest rates.

Bank Name	Education Loan for India Courses	Education Loan for Abroad Courses	Interest Rate
Axis Bank	Up to10 lakh	Up to 20 lakh	17.25% - 16.25%
Allahabad Bank	Up to 10 lakh		12.75% - 13.5%
Andhra Bank	Up to 7.5 lakh		Not Specified
Bank of Baroda	Up to10 lakh	Up to 20 lakh	12.75% (up to Rs 4 lakh), 12% ( above Rs 4 lakh )
Bank of India	Up to10 lakh	Up to 20 lakh	13.25% (loan up to 7.50 lakh); 12.75% ( above Rs 7.50 lakh)
Canara Bank	Up to10 lakh	Up to 20 lakh	Not Specified
Corporation Bank	Up to10 lakh	Up to 20 lakh	Not Specified
Central Bank of India	Up to10 lakh	Up to 20 lakh	12.25% for male, 11.75% for female and SC/ST & IIM/IIT Students
Credila Financial Services	More than 20 lakh		Not Specified
Dena Bank	Up to 10 lakh		10.25%
HDFC Bank	Up to 15 lakh		Not Specified
IDBI Bank	Up to10 lakh	Up to 20 lakh	11.25% (up to Rs 10 lakh India, 20 lakh abroad); 12.25% (above Rs 10 Lac India, 20 lakh abroad)
Indian Bank	Up to10 lakh	Up to 20 lakh	12.50% (up to Rs 7.50 lakh); 12.50% ( above Rs 7.50 lakh)
Indian Overseas Bank	Up to10 lakh	Up to 20 lakh	Not Specified
Oriental Bank Of Commerce	Up to 7.5 lakh		10.25% - 14.25%
Punjab National Bank	Up to10 lakh	Up to 20 lakh	12.75% (up to Rs 4 lakh); 13.75% ( above Rs 4 Lac to 7.5 lakh); 13.25% (loans above 7.5 lakh)
State Bank of India	Up to10 lakh	Up to 20 lakh	13.50% (up to Rs 4 Lac), 13.75% ( loan between Rs 4 lakh - 7.50 lakh); 11.75% ( above Rs 7.50 lakh) (0.50% concession in interest for girl students)
Syndicate Bank	Up to10 lakh	Up to 20 lakh	For loans up to Rs.4.00 lakhs -11.75% For loans above Rs.4.00 lakhs - 12.25%
Union Bank of India	Up to10 lakh	Up to 20 lakh	12.50%(Boys),12.00%(Girls) (up to Rs 7.5 Lac); 12.25%(Boys), 11.75%(Girls) ( above Rs 7.50 Lac)
United Bank of India	Up to10 lakh	Up to 20 lakh	12.25% (up to Rs 4 lakh); 13.00% p.a. (above Rs 4 lakh), 12.25% (above Rs 7.5 lakh)
Vijaya Bank	Up to10 lakh	Up to 20 lakh	Not Specified
Uco Bank	Up to 10 lakh	Up to 20 lakh	12.70% (up to Rs 7.50 lakh); 12.45% (above Rs 7.50 lakh)