Education Loan

Public Banks Education Loan (updated on 21 Sep 2018)

BankInterest RateTenureExplore
Allahabad Bank8.95% to 10.60%In 15 years after the Holiday | Moratorium Period Explore
Andhra Bank8.70% to 10.65%In 5 to 7 years after the Holiday | Moratorium Period Explore
Bank Of Baroda9.35% to 10.85%In 5 to 7 years after the Holiday | Moratorium Period Explore
Bank Of India10.20% to 11%In 5 to 7 years after the Holiday | Moratorium Period Explore
Bank Of Maharashtra10.25% to 10.75%In 5 to 7 years after the Holiday | Moratorium Period Explore
Bharatiya Mahila Bank Limited10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
Canara Bank9.95% to 10.45%In 10 to 15 years after the Holiday | Moratorium Period Explore
Central Bank Of India9.90% to 10.40%In 10 to 15 years after the Holiday | Moratorium Period Explore
Corporation Bank10.25% to 11.10%Contact Bank Branch Explore
Dena Bank10.20%In 15 years after the Holiday | Moratorium Period Explore
Idbi Bank9.45% to 10.45%In 10 to 15 years after the Holiday | Moratorium Period Explore
Indian Bank12.25%In 10 to 15 years after the Holiday | Moratorium Period Explore
Indian Overseas Bank10.25% to 11.55%In 5 to 7 years after the Holiday | Moratorium Period Explore
Oriental Bank Of Commerce9.70% to 12.70%In 15 years after the Holiday | Moratorium Period Explore
Punjab And Sind Bank10.25% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
Punjab National Bank8.45% to 10.95%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of Bikaner And Jaipur10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of Hyderabad10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of India10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of Mysore10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of Patiala10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
State Bank Of Travancore10% to 10.75%In 15 years after the Holiday | Moratorium Period Explore
Syndicate Bank10.25% to 11.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Uco Bank10.60% to 11%In 15 years after the Holiday | Moratorium Period Explore
Union Bank Of India11.50% to 12.25% In 10 to 15 years after the Holiday | Moratorium Period Explore
United Bank Of India10.95% to 11.00%In 15 years after the Holiday | Moratorium Period Explore
Vijaya Bank9.45% to 10.65%In 15 years after the Holiday | Moratorium Period Explore

Private Banks Education Loan (updated on 21 Sep 2018)

BankInterest RateTenureExplore
Axis BankPlease contact bank branchContact Bank Branch Explore
Catholic Syrian Bank Limited14.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
City Union Bank Limited14.25%Contact Bank Branch Explore
Dhanalakshmi Bank11.68% to 15.65%Duration of the course plus 6 months or getting a job, whichever is earlier Explore
Federal Bank10.65% to 14%Contact Bank Branch Explore
Hdfc BankPlease contact bank branchContact Bank Branch Explore
Icici Bank Limited11%In 5 to 7 years after the Holiday | Moratorium Period Explore
Indusind Bank11% to 30.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Jammu And Kashmir Bank Limited10.20% to 10.95%In 5 to 7 years after the Holiday | Moratorium Period Explore
Karnataka Bank Limited10.85% to 12.95%In 5 to 7 years after the Holiday | Moratorium Period Explore
Karur Vysya Bank12.10% to 12.60%In 5 to 7 years after the Holiday | Moratorium Period Explore
Kotak Mahindra Bank Limited11.5% to 24%In 5 to 7 years after the Holiday | Moratorium Period Explore
Laxmi Vilas Bank11.70% to 12.80%In 5 to 7 years after the Holiday | Moratorium Period Explore
Rbl Bank LimitedPlease contact bank branchIn 5 to 7 years after the Holiday | Moratorium Period Explore
South Indian Bank11.60% - 12.60%In 5 to 7 years after the Holiday | Moratorium Period Explore
Tamilnad Mercantile Bank Limited13.30% to 13.80%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Nainital Bank Limited11.25% to 12.25%In 5 to 7 years after the Holiday | Moratorium Period Explore

Gramin Banks Education Loan (updated on 21 Sep 2018)

BankInterest RateTenureExplore
Allahabad Up Gramin Bank12.75%Contact Bank Branch Explore
Andhra Pradesh Grameena Vikas Bank11% to 11.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Andhra Pragathi Grameena Bank13% to 14%In 5 to 7 years after the Holiday | Moratorium Period Explore
Assam Gramin Vikash Bank11% to 11.75%Contact Bank Branch Explore
Bangiya Gramin Vikash Bank11.50% to 12.25%In 5 to 7 years after the Holiday | Moratorium Period Explore
Baroda Gujarat Gramin Bank11.15% to 12.40%Contact Bank Branch Explore
Baroda Rajasthan Kshetriya Gramin Bank12.75%In 10 to 15 years after the Holiday | Moratorium Period Explore
Baroda Up Gramin Bank13.25% to 15%Contact Bank Branch Explore
Bihar Gramin Bank12.45% to 12.70%Contact Bank Branch Explore
Central Madhya Pradesh Gramin Bank11% to 11.50%In 3 to 7 years after the Holiday | Moratorium Period Explore
Chhattisgarh Rajya Gramin Bank12% to 12.50%Contact Bank Branch Explore
Dena Gujarat Gramin Bank12.50% to 13%Contact Bank Branch Explore
Gramin Bank Of Aryavart12% to 12.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Jammu And Kashmir Grameen Bank10% to 11.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Jharkhand Gramin Bank11.75% to 13.25%Contact Bank Branch Explore
Karnataka Vikas Grameena Bank12.50% to 13%Contact Bank Branch Explore
Kashi Gomti Samyut Gramin Bank11.75% to 12%Contact Bank Branch Explore
Kaveri Grameena Bank13.50% to 14.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Kerala Gramin Bank12.50% to 13.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Madhya Bihar Gramin Bank11.50% to 12.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Madhyanchal Gramin Bank11.75% to 13.25%Contact Bank Branch Explore
Maharashtra Gramin Bank13% to 14%In 5 to 7 years after the Holiday | Moratorium Period Explore
Malwa Gramin Bank10.90% to 12.40%In 5 to 10 years after the Holiday | Moratorium Period Explore
Manipur Rural Bank11.75% to 13%Contact Bank Branch Explore
Meghalaya Rural Bank10% to 12%Contact Bank Branch Explore
Mizoram Rural Bank13.50% to 15%Contact Bank Branch Explore
Narmada Jhabua Gramin Bank10.50% to 13%In 5 to 7 years after the Holiday | Moratorium Period Explore
Odisha Gramya Bank14.25%In 5 to 7 years after the Holiday | Moratorium Period Explore
Paschim Banga Gramin Bank12.70% to 13.20%Contact Bank Branch Explore
Prathama Bank11.50% to 13%In 5 to 7 years after the Holiday | Moratorium Period Explore
Puduvai Bharathiar Grama Bank15.50%Contact Bank Branch Explore
Punjab Gramin BankPlease contact bank branchIn 5 to 7 years after the Holiday | Moratorium Period Explore
Purvanchal Gramin Bank10.75% to 12.50%Contact Bank Branch Explore
Rajasthan Marudhara Gramin Bank11.05% to 11.55%Contact Bank Branch Explore
Sarva Haryana Gramin Bank11.40%Contact Bank Branch Explore
Saurashtra Gramin Bank12% to 13.50%Contact Bank Branch Explore
Sutlej Kshetriya Gramin Bank13.25% to 14.75%Contact Bank Branch Explore
Telangana Grameena Bank13% to 14%Contact Bank Branch Explore
Tripura Gramin Bank11.05% to 11.60%Contact Bank Branch Explore
Utkal Grameen Bank13.25% to 14.50%Contact Bank Branch Explore
Uttar Banga Kshetriya Gramin Bank11.50% to 12.75%In 5 to 7 years after the Holiday | Moratorium Period Explore
Vananchal Gramin Bank13% to 14.50%Contact Bank Branch Explore
Vidharbha Konkan Gramin Bank13% to 14%Contact Bank Branch Explore

Co-Operative Banks Education Loan (updated on 21 Sep 2018)

BankInterest RateTenureExplore
Abhyudaya Cooperative Bank Limited11.50% to 12.50%In 15 years after the Holiday | Moratorium Period Explore
Ahmedabad Mercantile Cooperative Bank10%In 5 to 7 years after the Holiday | Moratorium Period Explore
Akola Urban Coop Bank 12.50% to 13.00%In 7 years including moratorium period. Explore
Amanath Cooperative Bank Ltd. Bangalore13% to 14%In 5 to 7 years after the Holiday | Moratorium Period Explore
Apna Sahakari Bank Limited11%In 7 years after the Holiday | Moratorium Period Explore
Bassein Catholic Cooperative Bank Limited9.00% to 10.00%In 5 years after the Holiday | Moratorium Period Explore
Bharat Cooperative Bank (mumbai) Ltd., MumbaiPlease contact bank branchIn 7 years after the Holiday | Moratorium Period Explore
Bombay Mercantile Co Op Bank Ltd12.75% to 13.75%In 5 to 7 years after the Holiday | Moratorium Period Explore
Citizen Credit Cooperative Bank Limited10.5% to 11.50%In 5 to 9 years after the Holiday | Moratorium Period Explore
Dombivli Nagari Sahakari Bank Limited10.50% to 12%In 7 years after the Holiday | Moratorium Period Explore
G P Parsik Bank11.00% to 12.00%In 10 years inclusive of the Holiday | Moratorium Period Explore
Jalgaon Janata Sahakari Bank Limited10.50% to 12%In 5 years excluding the Holiday | Moratorium Period Explore
Janakalyan Sahakari Bank LimitedPlease contact bank branchIn 8 to 10 years after the Holiday | Moratorium Period Explore
Janata Sahakari Bank Ltd10.75% to 11.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited12.50%In 10 years inclusive of the Holiday | Moratorium Period Explore
Kalupur Commercial Cooperative Bank9.25%In 7 years after the Holiday | Moratorium Period Explore
Kalyan Janata Sahakari Bank11.90%In 5 years after the Holiday | Moratorium Period Explore
Kapol Cooperative Bank Limited14%60 months (maximum) with moratorium period of 6 months (max) Explore
Khamgaon Urban Co Op Bank Ltd12.00%In 66 months excluding moratorium period. Explore
Mahanagar Cooperative Bank12.00%In 7 years inclusive of the Holiday | Moratorium Period Explore
Nagar Urban Co Operative Bank15.00%In 5 to 7 years after the Holiday | Moratorium Period Explore
Nagpur Nagarik Sahakari Bank Limited13.50%In 7 years excluding moratorium period. Explore
Nasik Merchants Cooperative Bank Ltd.13.50%In 5 years excluding the Holiday | Moratorium Period Explore
Nkgsb Cooperative Bank LimitedPlease contact bank branchIn 7 years excluding additional 3 years moratorium period or course duration, whichever is less. Explore
Nutan Sahakari Bank Ltd11%In 5 to 7 years after the Holiday | Moratorium Period Explore
Pravara Sahakari Bank Ltd15%In 5 to 7 years after the Holiday | Moratorium Period Explore
Punjab And Maharshtra Cooperative BankPlease contact bank branchIn 10 to 15 years inclusive of the Holiday | Moratorium Period Explore
Rajarambapu Sahakari Bank Ltd10.00%In 5 to 7 years after the Holiday | Moratorium Period Explore
Rajkot Nagrik Sahakari Bank LimitedPlease contact bank branchIn 5 to 7 years after the Holiday | Moratorium Period Explore
Sangli Urban Co Op Bank Ltd Sangli11%In 5 to 7 years after the Holiday | Moratorium Period Explore
Saraswat Cooperative Bank Limited11.75%In 12 years after the Holiday | Moratorium Period Explore
Sardar Bhiladwala Pardi Pepls Co Bk9.50% to 10.50%In 5 years after the Holiday | Moratorium Period Explore
Shikshak Sahakari Bank LimitedPlease contact bank branchIn 5 to 7 years after the Holiday | Moratorium Period Explore
The A.p. Mahesh Cooperative Urban Bank Limited12% to 13.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Akola Janata Commercial Cooperative Bank Ltd., Akola.12.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Cosmos Co Operative Bank Limited12.50% to 13%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Goa Urban Co Op Bank Ltd12.50%In 7 years inclusive of the Holiday | Moratorium Period Explore
The Jalgaon Peopels Cooperative Bank Limited13.25%In 5 years excluding the Holiday | Moratorium Period Explore
The Karad Urban Cooperative Bank LimitedPlease contact bank branchIn 5 to 7 years after the Holiday | Moratorium Period Explore
The Mehsana Urban Cooperative Bank9.50%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Shamrao Vithal Cooperative Bank12.50%In 10 years after the Holiday | Moratorium Period Explore
The Surath Peoples Cooperative Bank Limited10% to 11%In 5 to 7 years after the Holiday | Moratorium Period Explore
The Thane Bharat Sahakari Bank Limited12.00%In 54 months after the Holiday | Moratorium Period Explore
The Zoroastrian Cooperative Bank LimitedPlease contact bank branchIn 72 months excluding the Holiday | Moratorium Period Explore
Tjsb Sahakari Bank LtdPlease contact bank branchIn 144 months including the Holiday | Moratorium Period Explore

Education Loan

The most important dream of all parents is that their children get a quality education so that they can lead a bright and successful life. Parents are finding it very difficult to self-finance their children's education due to the increasing cost of higher education. For example, for engineering courses, the fees is around Rs 5-10 lakh, for any medical course at a private college, the fees is appox. in the range of Rs. 40 lakh and Rs. 50 lakh and for professional courses like MBA etc, fees could be around Rs 4-5 lakh. Here comes into picture the importance of Education Loan to cover these education expenses.

Students from various disciplines can now take their first step on the path to success and fuel their dreams for professional or technical education in India or abroad with financial assistance in the form of Education Loan offered by banks so that nothing can hinder their progress.

Education Loan provides financial aid to deserving and meritorious students to pursue higher studies in India and abroad. It helps students to pay their tuition fees, examination, library, books, laboratory and hostel while studying. It also covers travel expenses for studying abroad, study tours, project work, refundable deposit, etc.

Almost all banks in India offer education loans on attractive interest rate and easy repayment options and hence there is a huge demand for loans to cover education expenses.

Benefits of Education Loan

  1. Provides financial assistance to fulfil the dream of higher education of deserving and meritorious students.
  2. Loans for a variety of courses are available on attractive rates of interest.
  3. Female students are often offered discounts or lower interest rates when it comes to education loans.
  4. Government sponsors subsidy schemes to help students from the economically backward sections of society avail the benefits of education loan.
  5. Education loans below Rs.4 lakh usually are offered by banks without any security or guarantor.
  6. The interest paid on the education loan can be claimed as deduction without any upper limit under Section 80E of the Income Tax Act of India, 1961.

Upcoming Bank Holidays

2018 October 02 is a bank holiday in Andaman And Nicobar Island due to Mahatma Gandhi Jayanti.
2018 October 08 is a bank holiday in Andaman And Nicobar Island due to Mahalaya Amavasye.
2018 October 16 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahasaptami).
2018 October 17 is a bank holiday in Andaman And Nicobar Island due to Durga Puja (Mahastami).
2018 October 18 is a bank holiday in Andaman And Nicobar Island due to Durga Puja/Ayudhapooja/Dussehra (Mahanavami/Vijaya Dashmi).
2018 October 19 is a bank holiday in Andaman And Nicobar Island due to Durga Puja/Dussehra (Vijaya Dashmi)/Kati Bihu.

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