Bank of Baroda
Bank of Baroda Education Loan
Rate from8.45%
Max amount₹1.5 Cr
EMI/L · 7y₹1,581
Disbursal10-15 business days
- Lowest education loan rates
- Government bank reliability
CIBIL: 700+ · Student
Education Loan
IDFC FIRST Bank Education Loan
IDFC FIRST Bank
BANK · Since 2015
IDFC FIRST Bank Education Loan with digital-first application and coverage of premier Indian institutes.
Interest rate11.25%– 14.00%
Up to₹1 Crmax amount
Disbursal7-12 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
11.25%
Your actual rate depends on your credit profile, income, and employer category.
Monthly EMI
Total interest
Total payment
Processing fee (2%)
Total cost of this loan
✨ interest + processing fee
Key features
- Digital-first application
- Covers premier Indian institutes
- Short moratorium options
Who is this loan best for?
Students at premier Indian institutes (IIT/IIM/AIIMS) wanting a digital-first bank process.
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
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
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