Which bank gives education loan with lowest interest rate Quora?

Which bank gives an education loan for less interest (20 lakhs)? – Quora. Any PSB offers lowest education interest rate than that of any Pvt. Bank . The lowest rate at this moment is of UNION BANK at 6.80\% followed by Central Bank of India/BOI at 6.85\% and PNB/ SBI at 6.90\% plus .

How can I get interest free education loan in India?

However, can education loans in India be actually interest-free? The answer is no. Or at least, technically, you cannot avail of an interest-free education loan unless you have availed some economic benefits or academic subsidies from either the government or your institution.

Is Axis bank good for education loan?

And here’s where an education loan serves as a great aid. Axis Bank India offers education loans at attractive interest rates for a loan amount ranging from Rs 50,000 to Rs 75 lakh. The education loan is available for career-oriented course such like medicine, engineering, management, etc.

Which is the best bank for education loan in India 2021?

First, let’s check the 11 best banks for education loan in India 2021. #1. HDFC Bank Education Loan Maximum Loan Limit: Rs. 20 Lakhs and above. HDFC Bank grants education loans to study in India and abroad. The maximum loan amount for studying in India is limited to Rs. 20 Lakhs.

How much collateral is required for education loan in India?

Here are details of banks which offer education loans and the collateral required: Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.7.5 lakhs no collateral is required Domestic Education – Up to Rs.15 lakhs Foreign Education – Up to Rs.20 lakhs For loans up to Rs.4 lakhs no collateral is required

Which banks in India do not charge processing fee for education loan?

The proof documents are the last three years IT returns, a copy of CA certificate, sale deed of immovable properties, FD and NSC receipt, Bonds or Demat statement. ” #3. Union Bank of India Education Loan Union Bank does not charge any processing fee from Indian students for education loans irrespective of the loan amount.

Which is the best option for education loan without collateral?

Here are some of the best options for education loan without collateral in 2021- Incred Financial Services is a non-banking financial corporation registered with the Reserve Bank of India. It gives an education loan without collateral of up to INR 40 lakhs. This includes a variety of fees and other expenses.