Education Loan: Many students dream of studying abroad, but its cost often becomes a big challenge. In such a situation, education loan becomes an important support. If you are thinking of applying from September, start looking for loan options with low interest rates from now on. There is a list of 10 banks here for your convenience.
PNB: Punjab National Bank gives loans for foreign studies at the lowest interest rate of 8.35%. EMI is made only ₹ 48,798 on a 15 -year loan of ₹ 50 lakh.
Union bank of india: Union Bank’s interest rate starts at 8.50%. EMI comes around ₹ 49,237 for 15 years on a loan of ₹ 50 lakh.
SBI: The interest rate of State Bank of India starts at 8.65%. EMI is around ₹ 49,678, which comes with large brands and security.
Bank of baroda: Bank of Baroda gives a loan at 8.7%, EMI is ₹ 49,825 for ₹ 50 lakh. This bank is considered sharp and transparent in processing.
Indian overseas bank: The rate of IOB starts at 8.75%. 15 -year EMI ₹ 49,947 is made on ₹ 50 lakh loan, which is cheaper than private banks.
Canara bank: Canara Bank has an interest rate of 9.5%. EMI is ₹ 52,211. This bank often provides easy moratorium and long -term convenience.
Central Bank of India: EThe initial interest rate is 10.05%. EMI ₹ 53,883 is made on ₹ 50 lakh loan, which can put pressure in the budget.
ICICI Bank: ICICI’s interest rate starts at 10.25%. EMI is ₹ 54,498, but processing is fast and digital.
Bank of india: The BOI charges 10.85% interest, and offers only 7 years of tenure. EMI is made ₹ 56,630, which is one of the most expensive.