Punjab National Bank
PNB Education Loan
Rate from8.45%
Max amount₹2 Cr
EMI/L · 7y₹1,581
Disbursal10-15 business days
- High ceiling for overseas study with collateral
- PMSSS subsidy for minority community
CIBIL: 700+ · Student
★ FeaturedEducation Loan
Bank of Baroda Education Loan
Bank of Baroda
BANK · Since 1908
Bank of Baroda Education Loan — one of the lowest rate bands in Indian education loans, with Vidyalakshmi subsidy eligibility.
Interest rate8.45%– 10.45%
Up to₹1.5 Crmax amount
Disbursal10-15 business days
Min CIBIL700+
Calculate your EMI
Move the sliders to see monthly EMI, total interest, and total cost of this loan.
₹10,00,000
7 years
8.45%
Your actual rate depends on your credit profile, income, and employer category.
Monthly EMI
Total interest
Total payment
Total cost of this loan
✨ interest + processing fee
Key features
- Lowest education loan rates
- Government bank reliability
- Vidyalakshmi interest subsidy eligible
Who is this loan best for?
Rate-optimising students — lowest starting rate plus Vidyalakshmi interest subsidy access.
Rate and prepayment
This is a floating-rate loan. No prepayment penalty — you can foreclose or pre-pay any amount at any time, free of charge (RBI mandate for floating-rate individual loans).
Compare with other education loans
State Bank of India
SBI Education Loan
Rate from8.55%
Max amount₹1.5 Cr
EMI/L · 7y₹1,586
Disbursal7-15 business days
- Largest education loan disburser in India
- No collateral up to ₹20L
CIBIL: 700+ · Student
HDFC Credila
HDFC Credila Education Loan
Rate from10.50%
Max amount₹2 Cr
EMI/L · 7y₹1,686
Disbursal10-15 business days
- Specialized education loan NBFC
- Pre-visa disbursal
CIBIL: 700+ · Student
ICICI Bank
ICICI Bank Education Loan
Rate from10.50%
Max amount₹1 Cr
EMI/L · 7y₹1,686
Disbursal10-15 business days
- Branch network advantage
- Digital application via iMobile
CIBIL: 700+ · Student