loan; education; banking; Bank of Baroda 8.4 and PNB offering 8.45% interest rate education loan, will get 80 lakhs. Loan up to | Bank of Baroda 8.40 and PNB offering education loan at 8.45% interest rate, will get 80 lakhs. Loan up to

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  • Loan; Education; Banking; Bank Of Baroda 8.4 And PNB Offering 8.45% Interest Rate Education Loan, Will Get 80 Lakhs. Loan up to

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Students or their parents can take education loan from banks for children’s graduation, post graduation or professional course.

  • SBI is offering loans up to 40 lakhs at 8.85% interest rate
  • Indian Bank is offering loans up to 25 lakhs at 8.60% interest rate.

The Corona epidemic has adversely affected the income of many people. Due to this, many people are also facing difficulty in affording higher education fees. If you are also facing such problem then you can complete your studies by taking education loan. There are many banks including State Bank of India (SBI) and Indian Bank which provide education loans at the cheapest rates not only for studying in the country but also for studying abroad. Let us know how much education loan can be taken from which bank and at what interest rate.

This includes all expenses related to studies.
Students or their parents can take education loan from banks for children’s graduation, post graduation or professional course. The condition here is that the educational institution must be recognized by the government. It is easy to take an education loan from the bank where you already have an account. The education loan covers college, hostel, library, purchase of computers for studies as well as travel expenses in the case of international education.

Know which bank is offering loans at what interest rate

Bank Rate of interest (%) Loan amount for studies in India Loan amount for studying abroad Loan amount for IIT, IIM, ISB courses Period
SB I 8.85 to 10.00 10 million 2 million 40 million 10-12 years
Axis Bank 13.70 75 lakhs 75 lakhs 75 lakhs 7 years
IDBI Bank 9.50 10 million 2 million 10 million 10 to 15 years
Canara Bank 9.95 10 million 2 million 2 million 10 to 15 years
Uco bank 10.65 10 million 2 million 10 million 10 to 15 years
Punjab National Bank 8.45 to 10.45 10 million 2 million 1.5 million 10 to 15 years
Indian Bank 8.60 to 10.60 1.5 million 2.5 million 10 million 7 years
Bank of baroda 8.40 to 9.15 8 million 8 million 8 million 10 to 15 years
Central bank 10 to 10.10 10 million 2 million 2 million 10 to 15 years

Source: Myloncaredotcom

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