Loan
Comparison
Explore the current interest rates for student loans offered by major banks in India, empowering you to compare and choose the one that aligns with your requirements. Gain insights into the various factors influencing these interest rates, repayment term, eligibility, application process , loan reviews and more.
Find out everything you need to know about the eligibility criteria and papers you will need to submit your application so it has a better chance of being approved.
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| Select | Bank | Interest Rate | Loan Amount | Funding and Margin | Eligibility | Courses Covered | Repayment Tenure | Disbursement |
|---|---|---|---|---|---|---|---|---|
State Bank of India (SBI)
|
9.65% (Secured) & 10.15% (Unsecured) | Up to ₹3 Cr (Secured) & Up to ₹50 L (Unsecured) | 90% bank + 10% student | Parents as co-applicant | UG, PG, Diploma & PhD | Up to 15 years | Direct to institution | |
ICICI Bank
|
9.5% onwards (Secured) & 11% (Unsecured) | Up to ₹2 Cr+ | 100% funding | Parents as co-applicant | UG, PG & Diploma (select unsecured) | Up to 15 years | Direct to institution | |
Axis Bank
|
10.25% (Secured) & 11–13% (Unsecured) | Up to ₹1.5 Cr+ | 85% funding | Parents as co-applicant | UG, PG & Diploma | 10–15 years | Direct to institution | |
Prodigy Finance
|
10.55% – 14.5% (Fixed) | Up to ₹1.85 Cr+ | Full or partial | No collateral, income-based eligibility | Masters (partnered universities) | 7–15 years | Direct to institution | |
Bank of Baroda
|
9.45% (Premier) ~10% (Non-premier) | Up to ₹1.5 Cr | 100% (Premier), 90% + 10% (Non-Premier) | Parents as sponsor | UG, PG, Masters & Diploma | Up to 15 years | Direct to institution | |
IDFC First Bank
|
11% – 13.25% | Up to ₹1 Cr (Platinum Plus) | 100% funding | Parents as co-applicant | Masters/PG & Diploma (STEM & Mgmt.) | Up to 12 years | Direct to institution | |
Eduvanz
|
11% – 14% | Up to ₹75 L | 100% (tuition + living) | Parents as co-applicant (for minors) | UG, PG, Diploma & Masters | Up to 12 years | Direct to institution | |
Auxilo
|
10.25% – 12.75% | Up to ₹65 L+ | 100% funding (tuition + living) | Parents as co-applicant | PG & Masters | Up to 12 years | Direct to institution | |
Punjab National Bank (PNB)
|
10.50% (0.5% concession for girls) | Up to ₹1.5 Cr | 85% bank + 15% student | Parents/guardians as sponsor | UG, PG, Diploma & PhD | Up to 15 years | Direct to institution | |
Credila
|
9.75% – 12.75% | Up to ₹75 L (Unsecured), 100% of COA (Secured) | 100% (incl. living) | Parents as co-applicant | UG, PG, Masters & Diploma | Up to 15 years | Direct to institution | |
Avanse
|
11.5% – 14% | 100% of COA (flexible) | 100% funding (tuition + living) | Parents as co-applicant | UG, PG & Masters | Up to 14 years | Direct to institution | |
Mpower Finance
|
11.99% (Fixed) | Up to ₹40 L | Full or partial | No collateral, based on student profile | Masters & UG (final years) | Up to 10 years | Direct to institution | |
Poonawalla Fincorp
|
9.65% (Secured) & 10% – 14% (Unsecured) | Up to ₹75 L (Unsecured), ₹3 Cr (Secured) | 100% funding (tuition + living) | Parents as co-applicant | UG, PG, Masters & Diploma | Up to 15 years | Direct to institution | |
Tata Capital
|
10.20% – 12% (Secured) & 11.25% – 13.5% (Unsecured) | 10.20% – 12% (Secured), 11.25% – 13.5% (Unsecured) | 100% funding | Parents as co-applicant | UG, PG, Master's | Up to 12 years | Direct to institution | |
IN cred
|
10.25% – 11.5% (Secured) & 11.5% – 12.75% (Unsecured) | 10.25% – 11.5% (Secured), 11.5% – 12.75% (Unsecured) | 100% funding | Parents as co-applicant | UG, PG, Master's | Up to 13 years | Direct to institution |