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Quick approval, competitive rates, and flexible repayment options. Check your eligibility in minutes!
Interest Rate
From 8.05% p.a. (With or without co-borrower)
Loan Amount
--
EMI Per Lakh
₹959 - ₹1184
Processing Fees
Rs. 10,000 + applicable taxes
Pre Payment Charges
There are NO penalty charges for prepayment. You can prepay your education loan anytime.
Interest Rate
4% - 12.50% p.a.
Loan Amount
Depends on scheme opted
EMI Per Lakh
₹740 - ₹1233
Processing Fees
For Studies in India – NIL For Studies abroad – 1% (Minimum ₹10,000) – Refundable after 1st Disbursement For PNB Pravasi Shiksha Loan – 1% of the loan amount (Minimum ₹10,000) – Non-refundable For PNB Kaushal – NIL
Pre Payment Charges
Nil
Interest Rate
Up to Rs.7.5 lakhs: BRLLR + 2.00 % p.a. Above Rs.7.5 lakhs: BRLLR + 1.75 % p.a.
Loan Amount
Depends on scheme opted
EMI Per Lakh
₹947 - ₹1056
Processing Fees
Zero processing fees on collateral-free education loan in India. 1% Processing Charge (Max.10,000/-) recovered upfront for loan above Rs. 7.5 lakhs for abroad studies.
Pre Payment Charges
Nil
Interest Rate
9.25% p.a.
Loan Amount
Ranges from Rs. 5,000 to Rs. 1 crore (based on scheme opted)
EMI Per Lakh
₹1029 - ₹1029
Processing Fees
Depends on scheme opted (mostly nil)
Pre Payment Charges
Nil
Interest Rate
8.10% p.a. to 11.30% p.a
Loan Amount
Varies by scheme opted
EMI Per Lakh
₹961 - ₹1156
Processing Fees
Nil
Pre Payment Charges
Nil
Interest Rate
9.75% p.a. to 13.00% p.a
Loan Amount
In India Rs. 15 lakh and abroad Rs. 30 lakh
EMI Per Lakh
₹1059 - ₹1265
Processing Fees
Contact the bank
Pre Payment Charges
Nil
Interest Rate
11.05% p.a. to 11.85% p.a
Loan Amount
Up to Rs. 40 Lakh (based on scheme opted)
EMI Per Lakh
₹1140 - ₹1191
Processing Fees
No processing fee for studies in India
Pre Payment Charges
--
Interest Rate
11.30% p.a. to 11.70% p.a
Loan Amount
Up to Rs. 75 Lakh (based on scheme opted)
EMI Per Lakh
₹1156 - ₹1181
Processing Fees
0.50% of the loan amount (maximum: Rs. 10,000) + GST
Pre Payment Charges
--
Education Loan is a comprehensive financial solution designed to support your academic aspirations. Here are the key features and benefits:
Check if you meet the eligibility criteria for our education loan
| Particulars | Eligibility |
|---|---|
| Nationality | Indian |
| Age | Minimum - 16 years and Maximum - 35 years |
| Academic record | Proven - good |
| Qualification | Completed 10+2 (12th Standard)/Diploma |
| For Pursuing | Graduation/Postgraduate Degree or a PG Diploma in Professional Education |
| University Applied to | Listed, Recognized and Accredited Institutes in India and Overseas |
| Loan can be sanctioned based on |
|
| Loan Amount |
|
| Co-borrower | Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grandparents, Parents-in-law, Maternal/Paternal Uncle |
| Security | Property i.e. House or Flat, Fixed Deposit, Existing ICICI Bank Home Loan for cross-collateral |
Note: The eligibility criteria mentioned above are indicative. Final approval is subject to the bank's discretion.
Calculate your monthly EMI and view detailed amortization schedule
Loan Amount
₹50,000
Total Interest
₹0
Processing Fee
₹0
Monthly EMI
₹0
| Year | Principal Paid | Interest Paid | Balance |
|---|
Note: This calculator provides an estimate. Actual EMI may vary based on the bank's terms and conditions.
Compare interest rates and processing fees from leading banks
| Name of Bank | Interest Rate (p.a) | Processing Fees |
|---|---|---|
| State Bank of India | 8.05% p.a to 11.75% |
|
| Central Bank of India | 8.05% p.a to 10.50% |
|
| Punjab National Bank | 9.40% p.a onwards |
|
| Canara Bank | 9.25% p.a onwards |
|
| IDFC FIRST Bank | 9.50% p.a onwards | Up to 1.5% of the loan amount |
| ICICI Bank | 8.55% p.a onwards |
|
| Bank of Baroda | 9.70% p.a onwards |
|
| Bank of India | 8.40% p.a onwards | No processing fee for studies in India |
| ICICI Bank | 11.50% p.a onwards | Up to 2% + GST |
| Bank of Maharashtra | 8.10% p.a onwards | Contact the bank |
| Axis Bank | 15.70% p.a to 15.20% p.a | 2.00% of the loan plus GST |
| HDFC Bank | 9.50% p.a | Maximum up to 1% of the loan amount |
| Kerala Mercantile Bank | 10.99% p.a onwards | Nil |
| Federal Bank | 13.20% onwards | Contact the bank |
| Tamilnad Mercantile Bank | 9.75% p.a onwards | 1% of the sanctioned loan amount above Rs.7.50 lakh for studies abroad |
Note: Interest rates and processing fees are subject to change. Please contact the respective banks for the latest information.
Here's what the loan amount will cover
Note: The coverage of expenses may vary based on the bank and loan scheme selected. Please check with your chosen bank for specific details.
Check the list of documents required for your education loan application
Find answers to commonly asked questions about education loans