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Starting from 6.5% per annum with flexible repayment options.
6.5% - 12%- Home
- Student education loans
Student education loans
Student Education Loan Guide 2026
Everything you need to know about education loans in India. Compare rates, eligibility, and get instant EMI calculations.
- 6.5%Starting interest rate
- ₹2CrMax loan amount
- 20 YearsRepayment period
Calculate Your EMI
Get instant EMI calculations for your education loan
₹50K
₹10L
₹2Cr
Monthly EMI₹8,500
Total Interest₹5,30,000
Total Amount₹15,30,000
Interest rate used: 6.5%
Loan overview
Understanding Education Loans
Education loans help students pursue higher education by providing financial assistance for tuition fees, living expenses, and other educational costs.
Why choose education loans?
Why Choose Education Loans?
Education loans offer flexible repayment options, competitive interest rates, and comprehensive coverage for all educational expenses.
High Loan Amount
Get loans up to ₹2 crores for domestic and international education.
Up to ₹2CrFlexible Tenure
Repayment period up to 20 years with moratorium period.
Up to 20 YearsQuick Processing
Fast approval and disbursement within 7-15 working days.
7-15 DaysOnline Application
Apply online with minimal documentation and track your application.
100% OnlineNo Collateral
Loans up to ₹7.5 lakhs without any collateral or security.
Up to ₹7.5L
Eligibility criteria
Education Loan Eligibility
Check if you meet the basic eligibility criteria for education loans.
- Indian citizen or NRI
- Age between 16-35 years
- Admission to recognized institution
- Co-applicant required (parent/guardian)
- Good academic record
- Course duration minimum 1 year
- Income proof of co-applicant
- No existing education loan defaults
Required documents
Required Documents
Complete list of documents required for education loan application.
Academic Documents
Educational certificates and admission related documents
- Mark sheets of 10th, 12th, and graduation
- Admission letter from institution
- Fee structure from institution
- Academic certificates
- Entrance exam scorecards
Financial Documents
Income and financial stability proof
- Income proof of co-applicant
- Bank statements (6 months)
- ITR returns (2 years)
- Salary certificate
- Property documents (if applicable)
Identity & Address Proof
Personal identification documents
- PAN card
- Aadhaar card
- Passport (if applicable)
- Voter ID
- Driving license
Application process
Application Process
Simple step-by-step process to apply for education loan.
1
Research & Compare
1-2 days
Research different banks and compare interest rates, terms, and conditions.
- Compare interest rates
- Check processing fees
- Review repayment terms
- Check prepayment charges
2
Document Preparation
2-3 days
Gather all required documents and ensure they are properly attested.
- Collect academic documents
- Prepare financial documents
- Get identity proofs
- Attest documents if required
3
Application Submission
1 day
Submit your application online or visit the bank branch.
- Fill application form
- Submit documents
- Pay processing fee
- Get application number
4
Verification & Approval
7-15 days
Bank verifies documents and processes your application.
- Document verification
- Credit check
- Property valuation (if applicable)
- Final approval
5
Loan Disbursement
1-2 days
Loan amount is disbursed directly to the institution.
- Sign loan agreement
- Complete formalities
- Direct payment to institution
- Start repayment after moratorium
FAQs
Frequently Asked Questions
Common questions about education loans answered.
The maximum loan amount varies by bank and course. For domestic courses, you can get up to ₹20 lakhs, and for international courses, up to ₹2 crores. The amount depends on the course fees and your repayment capacity.
Interest rates typically range from 6.5% to 12% per annum. The rate depends on factors like loan amount, course type, institution reputation, and your credit profile. Government schemes may offer lower rates.
For loans up to ₹7.5 lakhs, no collateral is required. For higher amounts, banks may require collateral like property, fixed deposits, or third-party guarantees.
The moratorium period is the time during which you don't need to pay EMIs. It usually covers the course duration plus 6-12 months after course completion or getting a job, whichever is earlier.
Yes, most banks allow prepayment of education loans. Some banks may charge a prepayment penalty, while others offer penalty-free prepayment. Check with your bank for specific terms.
If you face financial difficulties, contact your bank immediately. Banks offer various solutions like extending the moratorium period, reducing EMI amounts, or restructuring the loan to help borrowers.
Bank comparison
30 banks listed
Compare Education Loans by Bank
Compare interest rates, loan amounts, and features across all major banks
| Bank Name | Interest Rate | Loan Amount | Processing Fee | Repayment Period | Features | Action |
|---|---|---|---|---|---|---|
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABHYUDAYA COOPERATIVE BANK LIMITED
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABU DHABI COMMERCIAL BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AB
ABU DHABI COMMERCIAL BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AD
ADITYA BIRLA IDEA PAYMENTS BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AH
AHMEDABAD MERCANTILE COOPERATIVE BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AH
AHMEDABAD MERCANTILE COOPERATIVE BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
|
AH
AHMEDABAD MERCANTILE COOPERATIVE BANK
Detailed page
|
Interest rate (per annum) 7% - 12% | Loan amount ₹50,000 - ₹10,000,000 | Processing fee 1% of loan amount | Repayment period Up to 15 years | Application Online | View details |
Showing 30 banks with education loan options
Data updated regularly
Lowest Interest Rates
Government banks offer the lowest interest rates starting from 6.5% per annum.
Quick Processing
Private banks offer faster processing with approval within 7-15 working days.
Online Application
Most banks now offer 100% online application process with minimal documentation.
Ready to get started?
Ready to Apply for Education Loan?
Start your educational journey with the right financial support. Compare options and apply for the best education loan today.
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