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.
Enquiry Now
| Particulars | Income | Quantum of Finance | Funding & Margin | Rate of Interest | Study Level & Courses | Tenure | Disbursement | Property Acceptable | Security Margin | Bank charges + VR + SR | Sponsorers | Offer Letter | Simple Interest | Moratorium Period | Stamp Duty for Mortgage Process | TAT | Facing Balance |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
The loan amount will be approved based on the sponsorers' income criteria. | * SL - upto ₹ 2 Crore (No Limit, depending on CP) * UL - PL upto ₹ 1 Cr, * UL - NPL upto ₹ 20 lakhs | SL / UL - 100% funding | *UL/SL ROI - 10.5% - 11.25% | * SL for all courses & Selected courses in Bachelors * UL for STEM courses listed under Prime Listing * No loan for UG Diploma/Certificates courses. | 15 years | For on-campus accommodation, tuition fees should be remitted directly to the university account; for private accommodation, 3 to 6 months of living expenses should be remitted directly into a bank forex card or a landlord account or a country account as per visa requirements. "Pre-Visa and Post-Visa disbursements are possible based on country norms." | • Loan on Residential Flat, House, Shop. * No loan on Open Plot. | * Against Market value 100% and against FDR 100% of amount is sanctioned for loan | * SL - VR + SR - 7000/- * PF - 1% of LSA + 18% GST to get Sanction Letter. | Parents / Grandparents / Immediate Family | Can be processed on the basis of Conditional / Unconditional offer letter for loan. * For USA, I-20 is not required to process for loan. | After the loan is disbursed, Simple Interest must be paid. | Course duration + 6 months | * Equity Mortgage - SL - 0.3% of loan amount * Notice of intimation - SL - 0.5% of loan amount max to ₹ 15000/- | 10-15 Days for SL and UL | Facing Balance required to show. |
 |
The loan amount will be approved based on the sponsorers' income criteria. | * SL as per COA upto 100% * UL upto ₹ 75 Lakhs for USA and ₹ 35 lakhs for other countries. | 100% funding. include living expenses, tuition costs, and other expenses. | SL - 10.25% to 11.5% UL - 11.5% to 12,75% | •SL for all level (UG/PG/Masters/Bach.) of courses. • UL only for PG/Masters. | 12 years including course duration | Loan amount is deposited into the parent's or student's savings account. Pre- and post-visa disbursements may be feasible based on country norms | Loan for Fixed Deposit, Open Plot, Shop, Residential Apartment, and House. Both rural and urban properties qualify for the loan. | Provide double the loan amount against 50% of the property value or fixed deposit; 100% of the loan amount is sanctioned toward property assessment. | * PF - 1% to 1.25% + GST to get Loan letter | Parents / Grandparents / Immediate Family | Pre-Admission Loan available only in the USA based on income product and GRE/IELTS results. One can proceed with an education loan on the basis of the conditional offer letter. | SL - SI / PSI (all courses), SL - Direct EMI (UG & Bach.) UL - SI / PSI (Masters/PG), | Course duration + 12 months | * Equity : SL - NOI - 0.5%, Stamp Duty - 0.3% | 7 - 10 working days | Facing Balance is required |
 |
The loan amount will be sanctioned based on the sponsors' income criteria. * GRE Product - 300 plus; ITR is not necessary. | SL as per COA upto 100% * UL upto ₹ 75 Lakhs for USA and ₹ 35 lakhs for other countries. * Dollar Loan max of $ 91000 (Stem) and $ 121000 (MBA) | 100% funding. Including tution fees, living expences, other expences. | SL - 11% to 12.5% UL - 11.5% - 14% UL - Dollar Loan - 10.50% - 13.50% (Stem), 11.00 - 14.00% (MBA) | •SL for all level of courses (UG/PG/Masters/Bach.) * UL only for PG (Stem and Mgt courses) | 10 - 14 years including course duration | Loan amount deposited to the student's HSBC account. Remitting tuition fees will only be handled by Avanse. The rest of the amounts will be sent to an Ebixcash or Zenith forex card. Once the loan has been approved, full disbursement may occur. | Loan on Residential Flat, House, Open Plot, Shop, Fixed Deposit. | Provide double the loan amount against 50% of the property value. * 100% of the loan amount is sanctioned towards property valuation. * Depending on their profile, students can receive a loan of between 30 and 35 lacs on a fixed deposit of between 5 and 10 lacs. | * PF - 1% to 1.25 % + GST to get Loan letter | * Parents / Grandparents / Immediate Family /NRI * Dollar Loan- Parents will be considered as Non guarantor. | Pre-Admission Loan exclusively available to USA residents based on income product and GRE/IELTS results One can proceed with an education loan on the basis of the conditional offer letter. | SL - SI / PSI (all courses), SL - Direct EMI (UG & Bach.) UL - SI / PSI (Masters/PG), | Course duration + 12 months | * Equity : SL - NOI - 0.5%, Stamp Duty - 0.3% | 7 - 10 working days | Facing Balance not required |
 |
Average income is acceptable | * SL - Premier Listing -1.5 Cr * SL - Non-Premier Listing - 60 L | Premier : 100% funding •Non Premier : 90% + 10% | Premier University – ROI 9.70 % p.a. •Non-Premier University - ROI 10.35 % p.a • 0.50% - Girl Concession | Secured Loans for Foundation, Pathway, Graduate, Postgraduate, and Bachelor's Degree Programs No loans available for undergraduate certificates and diploma programs. | 15 years | For on-campus accommodation, tuition fees should be remitted directly to the university account; for private accommodation, 3 to 6 months of living expenses should be remitted directly into a bank forex card or a landlord account or a country account as per visa requirements. "Pre-Visa and Post-Visa disbursements are possible based on country norms." | Loan for Fixed Deposit, LIC Policy, Residential Apartment, House, Shop, and Commercial Property. Open plot is not accepted. | A loan of 100% of the amount is authorized against the realisable value. | SR & VR - Rs. 10030/- * P.F. - ₹ 10000 + GST (refundable only if the university is in prime listing) | Parents / Grandparents / Immediate Family / Family friends | Can be processed on the basis of Conditional / Unconditional offer letter for loan. * For USA, I-20 is not required to process for loan. | Serving simple interest is optional | Course duration + 12 months | * Equity Mortgage - 0.3% of loan amount * Notice of intimation - 0.5% of loan amount max to ₹15000/- | 20 - 25 days | Facing Balance must be provided at the time of sanctioning; at some banks, this is also required at the time of distribution. Therefore, before applying to any bank, students should have access to the finances. |
 |
The loan amount will be approved based on the sponsors' income criteria. | * SL as per student requirement. * UL upto ₹ 45 Lakhs for USA and ₹ 25 lakhs for other countries. | 100% funding. Including tution fees, living expences, other expences. | SL - 10.25% to 11.5% UL - 11.5% to 12,75% | • SL for all level (UG/PG/Masters/Bach.) of courses. • UL only for PG/Masters. | 12 years including course duration | The loan money is credited to the student's USA account, the tuition is transferred to the university account, and other expenses are credited to the student account. | Loan on Residential Flat, House, Open Plot, Shop, Fixed Deposit. | * 100% of loan amount is sanctioned towards valuation of property. | * PF - 1% to 1.25% + GST to get Loan letter | Parents / Grandparents / Immediate Family | Pre-Admission Loan available only in the USA based on income product and GRE/IELTS results. One may proceed with the education loan application based on the terms of the conditional offer letter. | SL - SI / PSI (all courses), SL - Direct EMI (UG & Bach.) USL - SI / PSI (Masters/PG), | Course duration + 12 months | * Equity : SL - NOI - 0.5%, Stamp Duty - 0.3% | 8 - 10 days | Facing Balance is required |
 |
* The loan amount will be sanctioned based on the sponsors' income ratio. Titanium and Platinum: ITR is not necessary | * UL - Upto USD $100,000 for Masters | SL / UL - 100% funding | *SL/UL ROI - 11% - 13.25% | * UL - Masters/PG Diploma for STEM and Management and others (Medical, Arts & Economics) courses * UL/SL for UG Diploma, Certificate and Bachelors. | 12 years including course duration | The loan amount will be deposited into the co-applicants' IDFC Bank savings account and the university's account for tuition fees.Pre- and post-Visa disbursements may be made in accordance with country norms. | Loan on Residential Flat, House, Shop, Open Plot | * Against Market value 80% and against open plot 50% of loan is sanctioned | Parents / Grandparents / Immediate Family | Mandatory to pay partial interest for Titanium, Platinum Plus, and SI / Direct EMI in the Gold and Bronze category | Course duration + 12 months | |||||
 |
The loan amount will be approved based on the sponsorers' income criteria. | SL - upto ₹ 1.5cr (No Limit, depending on CP) UL - Prime A upto ₹ 75L | Prime B upto ₹ 50L | Prime C upto ₹ 7.5 lakhs | * UL upto 100% Funding * SL Upto 1.5 Cr and above - 85% + 15% (with each disb. Irrespective of loan amt) | *UL/SL ROI - 10.5% - 11.25% | •Secured Loan for all level of courses. •No loan for UG Diploma / Certificates | 15 years | For on-campus accommodation, tuition fees should be remitted directly to the university account; for private accommodation, 3 to 6 months of living expenses should be remitted directly into a bank forex card or a landlord account or a country account as per visa requirements. "Pre-Visa and Post-Visa disbursements are possible based on country norms." | •No loan on Open plot •No loan on two properties •Against market value 65% of amount is sanctioned for loan | * Against Market value 85% and against FDR 90% of amount is sanctioned for loan | * No charges for valuation and search report. * PF. - 0.5% - 0.75% of LSA + 18% GST to get Sanction Letter | Parents / Grandparents / Immediate Family | Can be processed on the basis of Conditional / Unconditional offer letter for loan. * For USA, I-20 is not required to process for loan. | After the loan is disbursed, Simple Interest must be paid. | Course duration + 1 yr | * Equity Mortgage - 0.3% of loan amount * Notice of intimation - 0.5% of loan amount max to ₹15000/- | 20 - 25 days for SL and UL | Facing Balance must be shown in form of FD, savings, or CA certificate. |
 |
Average income is acceptable | • SL - upto ₹ 1.5 Cr | * 90% + 10% (with each disb.) | * Basic ROI - 11.15% (-) * Concession : • 0.50% - Girl Child • 0.50% - Rin Raksha Insurance | The loan is secured for all levels of courses, including pathway, foundation, and integrated courses, such as bachelor's degree, master's degree, undergraduate diploma, and graduate degree. Diploma etc. | 15 years | For on-campus accommodation, tuition fees should be remitted directly to the university account; for private accommodation, 3 to 6 months of living expenses should be remitted directly into a bank forex card or a landlord account or a country account as per visa requirements. "Pre-Visa and Post-Visa disbursements are possible based on country norms." | * Loan for residential flats, houses, open plots (above 2000 square feet), shops, commercial properties, fixed deposits, and LIC policies. | * 100% of the realisable value is sanctioned for a loan. | * SR - Rs. 4000/- * VR - Rs. 2500/- * P.F.- ₹ 10000 + GST | Parents / Grandparents / Immediate Family | * Can be handled based on a loan offer letter, either unconditional or conditional. I-20 is not required in the USA in order to apply for a loan. | Serving simple interest is optional | Course duration + 6 months | * Notice of Intimation - 0.5% of loan amount up to ₹15000/- * Equity Mortgage - 0.3% of loan amount | 20 - 25 days | At the time of sanctioning, the facing balance must be shown for some banks, this is required at the time of distribution. Therefore, before applying to any bank, students should have access to the finances. |
 |
The loan amount will be sanctioned based on the sponsors' income ratio. | * SL as per student requirement. * UL upto ₹ 45 Lakhs for USA and ₹ 25 lakhs for other countries. | 100% funding. Including tuition fees, living expenses, other expenses. | SL - 10.25% to 11.5% UL - 11.5% to 12,75% | • SL for all levels (UG/PG/Masters/Bach.) of courses. • UL only for PG/Masters. | 12 years including course duration | Incred - Loan amount is disbursed in student USA a/c and Tuition fees is transferred to Uni a/c, Misc exp are transferred to stu A/C. Auxilo - | Loan on Residential Flat, House, Open Plot, Shop, Fixed Deposit. | * 100% of loan amount is sanctioned towards valuation of property. | * PF - 1% to 1.25% + GST to get Loan letter | Parents / Grandparents / Immediate Family | Pre-Admission Loan available only in the USA based on income product and GRE/IELTS results. One can proceed with the education loan application based on the terms of the conditional offer letter. | SL - SI / PSI (all courses), SL - Direct EMI (UG & Bach.) USL - SI / PSI (Masters/PG) | Course duration + 12 months | * Equity : SL - NOI - 0.5%, Stamp Duty - 0.3% | 8 - 10 days |