Education opens doors of opportunities! The best investment in life could be money spend for Education. In todays times to make your dreams come true education loan might be a great support.

Here is a list of various Banks providing Education Loans in India.( Education Loan Interest Rates As On : September 30, 2009)

Bank Of Baroda

Max loan amount- Study in India & Abroad-Rs.20 lakh

Loan amount(Interest rate applicable)-upto Rs.4 lakh - Interest Rate: 10.00%

Loan amount(Interest rate applicable)-above Rs.4 lakh-Rs. 20 lakh - Interest Rate: 12.00%

Bank Of India

Max loan amount- Study in India -Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)-upto Rs.4 lakh - Interest Rate: 9.50%

Loan amount(Interest rate applicable)-above Rs.4 lakh upto Rs.7.5 lakh - Interest Rate: 10.00%

Loan amount(Interest rate applicable)-above Rs.7.5 lakh - Interest Rate: 10.75%

Canara Bank

Max loan amount- Study in India - Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)- upto Rs.4 lakh - Interest Rate: 11.00%

Loan amount(Interest rate applicable)- above Rs.4 lakh upto Rs.7.5 lakh - Interest Rate: 12.00%

Loan amount(Interest rate applicable)- above Rs.7.5 lakh - Interest Rate: 9.75%

Punjab National Bank

Max loan amount- Study in India -Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)-upto Rs.4 lakh - Interest Rate: 10.50%

Loan amount(Interest rate applicable)-above Rs.4 lakh - Interest Rate: 11.25%

State Bank of India - SBI

Max loan amount- Study in India -Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)-upto Rs.4 lakh - Interest Rate: 11.00%

Loan amount(Interest rate applicable)-above Rs.4 lakh upto 7.5 lakh - Interest Rate: 10.75%

Loan amount (Interest rate applicable)-above Rs.7.5 lakh - Interest Rate: 10.50%

Union Bank Of India

Max loan amount- Study in India -Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)-upto Rs.4 lakh - Interest Rate: 11.75%

Loan amount(Interest rate applicable)- above Rs.4 lakh upto Rs.7.5 lakh - Interest Rate: 12.50%

Loan amount(Interest rate applicable)- above Rs.7.5 lakh -Interest Rate: 12.00%

Vijaya Bank

Max loan amount- Study in India -Rs.10 lakh. Study Abroad Rs. 20 lakh

Loan amount(Interest rate applicable)-irrespective of loan amount - Interest Rate: 11.00%

Please Note: Many banks offer concession of 0.5% to 1% on interest rate for girl students and another 1% if interest is service during the loan holiday period.

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This entry was posted on Friday, October 9th, 2009 at 11:14 am and is filed under Education. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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