Education Loan Interest Rates

Education Loan Interest Rates by Leading banks.

Note from Editor

Compare Education Loan Interest Rates. Different banks will charge different rate of interest based on the quantum of Loan.
Loan Interest rates for girl candidates are lower by .50 basis point as compared to boys.

Rates Update Year : 2022

Bank NameEducation Loan Interest Rate
State Bank of India SBI STUDENT LOAN SCHEME:
For loans upto Rs.7.5 lacs : 9.05% p.a.
Above Rs.7.50 lacs : 9.05% p.a.
SBI SKILL LOAN SCHEME
Upto Rs 1.5 Lacs : 8.55%
ICICI 10.50 % onwards.
Bank of Maharashtra 9.35 %
Axis Bank 1.Education Loan
Upto Rs. 4 lacs :15.20%
Loans greater than Rs. 4 lacs and upto Rs. 7.5 lac : 14.70%
Loans greater than 7.5 lacs : 13.70%

Central Bank of India 9.40 % for male students and 8.90% for female.
Bank of Baroda Baroda Gyan : 7.70 %
Bank of India Education Loan covered under Credit Guarantee Fund Scheme for Education Loan(CGFSEL) limit upto Rs.7.50 lacs 9.20%

For loans above Rs.7.50 lacs 10%

IDBI Up to Rs.7.5 lakhs 9.00%

Above Rs. 7.5 lakhs 9.50%
Union Bank of India Up to ₹ 4.00 lakh : 10.95 %
>₹4.00-₹7.50 lakh : 10.70 %
Above ₹ 7.50 lakh : 9.80 %
For female student concession of 0.5 % is there.
For Skillset development : 10.95 %
IOB 10.05%
UCO Bank Upto Rs 7.50 lacs :- 10.20%
Above Rs.7.50 lacs :- 10.60%
Indian Bank Without Credit Guarantee cover 9.90%
With Credit Guarantee cover 9.70%
Jammu and Kashmir Bank Up to Rs. 10.00 lacs : 10.85 %
Above Rs.10.00 lacs and up to Rs.20.00 lacs : 11.85 %
Above Rs.20.00 lacs : 12.35 %
Federal Bank 10.95 % onwards
Punjab and Sind Bank Upto Rs 4 lacs :10%
Above 4 lacs and upto 7.5 lacs : 10%
Above 7.5 lacs : 9.50%

Karnataka Bank i. General Up to Rs. 7.50 lakh
i.a. Normal:10.37%
i.c. Girl Student:10.37%
ii. General above Rs. 7.50 lakh
ii.a. Normal:12.77%
ii.c. Girl Student: 12.77%

Skill Development : 9.87%