Home/Education Loans

Education Loans

Study in India & Abroad — Finance Your Future

General Banking Guidance— category overview. Certified product facts appear in each product card below.
27 products· 17 banks
Data verified from: Official bank websites — verified April 2026

Products

27 products across 17 banks

IndusInd Bank

IndusInd Education Loan — Study in India

Study in India

Education Loan

Interest Rate

9.50% – 14.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

IndusInd Bank

IndusInd Education Loan — Study Abroad

Study Abroad

Education Loan

Interest Rate

9.50% – 15% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Kotak Mahindra Bank

Kotak Education Loan

Domestic

Education Loan

Interest Rate

9.50% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹20,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Jana Small Finance Bank

Jana Education Loan

Domestic

Education Loan

Interest Rate

9.50% – 13.50% p.a.

Interest Type

flat rate

Loan Amount

from ₹50,000 | up to ₹1,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

HDFC Bank

Education Loan

Abroad

Education Loan

Interest Rate

9.95% – 14.10% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

State Bank of India

SBI PM Vidyalaxmi Education Loan

Education Loan

Interest Rate

8.50% – 11.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹10,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

State Bank of India

SBI Global Ed-Vantage Loan

Education Loan

Interest Rate

8.50% – 11.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹3,00,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

State Bank of India

SBI Scholar Loan

Education Loan

Interest Rate

8.50% – 11.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹40,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

ICICI Bank

ICICI Bank Education Loan

Overseas Education Loan

Education Loan

Interest Rate

9.50% – 14.50% p.a.

Loan Amount

from ₹50,000 | up to ₹1,00,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Yes Bank

Yes Bank Education Loan

Abroad

Education Loan

Interest Rate

9.50% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹75,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Federal Bank

Federal Bank Education Loan

Abroad

Education Loan

Interest Rate

10.55% – 12.55% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,00,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Federal Bank

Federal Bank Education Loan

Domestic

Education Loan

Interest Rate

10.55% – 12% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹25,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

RBL Bank

RBL Bank Education Loan

Domestic

Education Loan

Interest Rate

9.50% – 14% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹20,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

State Bank of India

SBI Student Loan

Domestic

Education Loan

Interest Rate

8.50% – 11.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹10,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank Education Loan

Domestic

Education Loan

Interest Rate

12.50% – 16% p.a.

Interest Type

flat rate

Loan Amount

from ₹50,000 | up to ₹10,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

IDFC FIRST Bank

IDFC FIRST Education Loan

Domestic

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹20,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Karnataka Bank

KBL Skill Loan

Skill Loan

Education Loan

Interest Rate

10.25% – 12.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹20,00,000

Min Credit Score

CIBIL 700

AU Small Finance Bank

AU Bank Education Loan

Domestic

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹10,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Equitas Small Finance Bank

Equitas Small Finance Bank Education Loan

Domestic

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹5,00,000 | up to ₹5,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Axis Bank

Axis Education Loan

Abroad

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Canara Bank

Canara Vidya Lakshmi

General Higher Studies

Education Loan

Interest Rate

9.25% – 11.35% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Canara Bank

Canara Vidya Turant

Premier Institutes

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Bank of Baroda

Baroda Vidya

School Education

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹4,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Bank of Baroda

Baroda Scholar

Studies Abroad

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,50,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Bank of Baroda

Baroda Gyan

Higher Studies India

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹1,25,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Bank of Baroda

Baroda Education Loan Premier

Premier Institutes

Education Loan

Interest Rate

9% – 13.50% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹80,00,000

Eligibility

Indian resident, 16+ years, confirmed admission to recognised institution, co-applicant required

Karnataka Bank

KBL PEAK Education Loan

PEAK

Education Loan

Interest Rate

9.81% – 13.30% p.a.

Interest Type

floating

Loan Amount

from ₹50,000 | up to ₹2,00,00,000

Min Credit Score

CIBIL 700

What is this?

An education loan is a loan taken to fund higher education expenses including tuition fees, hostel, books, travel, and other education-related costs. The student is the primary borrower and a parent/guardian is the co-applicant.

Available Variants

Domestic Education Loan (India colleges)
Overseas Education Loan (abroad universities)
Collateral-free Education Loan (up to ₹7.5L)
Secured Education Loan (above ₹7.5L)
Vidya Lakshmi Portal Loans (government-linked)

Key Benefits

Covers tuition, hostel, books, equipment, travel
Moratorium period: course duration + 6–12 months (no EMI during study)
Tax deduction on interest under Section 80E (no limit, 8 years)
Collateral-free up to ₹7.5L
Repayment starts after getting a job
Co-applicant (parent/spouse) improves eligibility

Eligibility Criteria

Student: Indian national, admission to recognised institution (India or abroad), age typically 16–35. Co-applicant: Parent / guardian / spouse with income proof. Collateral required for loans above ₹7.5L (property, FD, insurance).

Who Should Choose This?

  • Students pursuing graduation, post-graduation, professional courses
  • Students going abroad (USA, UK, Australia, Canada, Germany)
  • Students at IITs, IIMs, NITs, and premier colleges
  • Working professionals doing part-time / distance programmes

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