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Compare Education Loan Interest Rates

Secured loans from 9.00% p.a. — find the best deal across 10+ banks and NBFCs, instantly.

Rate Comparison 2024

Education Loan Interest Rates at a Glance

Interest rates on education loans depend on your loan type, collateral, lender, and credit profile. Comparing rates before you apply can save you lakhs over the loan tenure.

ICICI Bank education loan
Secured
Interest Rate
9.9% – 10.0%
Unsecured
Interest Rate
10.99% – 12.75%
Max Secured Loan
₹2,00,00,000
Max Unsecured Loan
₹1,00,00,000
Axis Bank education loan
Secured
Interest Rate
9.99%
Unsecured
Interest Rate
10.75% – 12.5%
Max Secured Loan
₹1,00,00,000
Max Unsecured Loan
₹75,00,000
SBI education loan
Secured
Interest Rate
10.15% – 11.15%
Unsecured
Interest Rate
Not Available
Max Secured Loan
₹2,00,00,000
Max Unsecured Loan
N/A
Bank of Baroda education loan
Secured
Interest Rate
9.70% – 10.00%
Unsecured
Interest Rate
10.99% – 14.75%
Max Secured Loan
₹1,50,00,000
Max Unsecured Loan
₹1,00,00,000
HDFC Bank education loan
Secured
Interest Rate
9.55% – 13.25%
Unsecured
Interest Rate
9.55% – 13.25%
Max Secured Loan
₹2,00,00,000
Max Unsecured Loan
₹1,00,00,000
Yes Bank education loan
Secured
Interest Rate
9.9% – 10.0%
Unsecured
Interest Rate
10.99% – 12.75%
Max Secured Loan
N/A
Max Unsecured Loan
N/A
Union Bank education loan
Secured
Interest Rate
9.25% – 11.5%
Unsecured
Interest Rate
9.75%
Max Secured Loan
₹1,00,00,000
Max Unsecured Loan
₹40,00,000
IDFC First Bank education loan
Secured
Interest Rate
9.9% – 10.0%
Unsecured
Interest Rate
10.99% – 12.75%
Max Secured Loan
₹1,00,00,000
Max Unsecured Loan
₹50,00,000
NBFC education loan partners
Secured
Interest Rate
9.00% – 13.0%
Unsecured
Interest Rate
10.99% – 15.00%
Max Secured Loan
₹2,00,00,000
Max Unsecured Loan
₹1,00,00,000

Rates are indicative and subject to change. Contact us for the latest offers from our 15+ banking partners.

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Know the Basics

Fixed vs Floating Interest Rates

Understanding which rate type suits you is key to managing your loan effectively over its full tenure.

Floating Interest Rate

  1. Varies with changes in financial market conditions.
  2. Interest rates fluctuate during the loan term.
  3. EMIs may change based on market conditions.
  4. Offers potential benefits if market rates decrease.
  5. Involves a degree of uncertainty in future payments.

Fixed Interest Rate

  1. Remains constant during the entire loan term.
  2. Not influenced by changes in financial markets.
  3. Monthly EMIs stay the same throughout.
  4. Provides stability and predictability in repayment.
  5. Allows for better financial planning and budgeting.

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