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Top 10 Gramin Banks for Education Loan with lowest interest rate
By Ajay Saptaputre | October 7, 2017

Education Loan Overview

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.

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.


Find below the list of top 10 Regional Rural Banks (RRB)/ Gramin Banks providing Education Loan at lowest interest rates

BankInterest RateGet Full Details
Jammu and Kashmir Grameen Bank10% to 11.50%Click for full details of Education Loan
Meghalaya Rural Bank10% to 12%Click for full details of Education Loan
Narmada Jhabua Gramin Bank10.50% to 13%Click for full details of Education Loan
Purvanchal Gramin Bank10.75% to 12.50%Click for full details of Education Loan
Malwa Gramin Bank10.90% to 12.40%Click for full details of Education Loan
Central Madhya Pradesh Gramin Bank11% to 11.50%Click for full details of Education Loan
Assam Gramin Vikash Bank11% to 11.75%Click for full details of Education Loan
Tripura Gramin Bank11.05% to 11.60%Click for full details of Education Loan
Baroda Gujarat Gramin Bank11.15% to 12.40%Click for full details of Education Loan
Madhya Bihar Gramin Bank11.50% to 12.50%Click for full details of Education Loan

Quantum of Education Loan

Banks offer loans of Rs 10 lakh to 30 lakhs for courses in Indian colleges and up to Rs 20 lakh for studies abroad as per Indian Banks' Association norms. It differs from bank to bank. The quantum of a loan depends upon the course and the institution offering this course.

Time required for approval of Education Loan

Generally, it is granted by the lenders within 15 working days from the date of receipt of the application, if the application is complete in all respects.

You can take help of above article while applying for an education loan from any Gramin Bank in order to get benefitted by getting lower interest rate.

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About Ajay Saptaputre
Ajay Saptaputre is a Founder of CodeForBanks.com, Techstikers.com and Distancelatlong.com. Ajay Saptaputre is the founder of three web portals - CodeForBanks, best marketplace for banking solutions; Techstikers, one of the largest technology web developer sites and Distancelatlong, the largest tool for calculating latlong, distance between countries & cities on map.
Ajay is a serial entrepreneur, Internet visionary and has very successfully managed to build CodeForBanks one of the largest marketplaces for banking solutions in India. Having worked in the Software Industry for over 12 years, Ajay has rich experience in the search engine optimization, digital marketing, global Internet and E-commerce industry.
In January 2017, Ajay started CodeForBanks, best marketplace for banking solutions for comparing and selecting the best banking product and Distancelatlong, the largest tool for calculating latlong, distance between countries & cities on map. Prior to CodeForBanks & Distancelatlong in March 2015, Ajay founded Techstikers which is one of the largest technology web developer sites. Ajay is Masters in Computer Management.

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