Need an Education Loan? Know Essential Details of Availing Loan Amount Here!!

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Need an Education Loan? Know Essential Details of Availing Loan Amount Here: An education loan is an amount borrowed for expenses related to secondary education or higher education. Education loans are intended to cover the cost of education, books, supplies, and living expenses while the borrower pursues a degree. Now let’s check the loan amount and interest rate below.

Name of the Bank Loan amount Rate of interest
SBI Upto Rs 7.5 Lakhs 11.15%
HDFC Up to Rs.150 lakhs preferential rates as per colleges and universities
Bank of Baroda Up to Rs 1 Crore 9.15% onwards
Axis Bank Up to Rs.5 Crores 8% – 16%
ICICI Bank Up to Rs 1 Crore 9.85% onwards
Federal Bank Up to Rs.10 Lakhs Contact bank
IDBI Bank Upto Rs.7.5 Lakhs 10.60%
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