State Bank of India
SBI Education Loan
Rate from8.15%
Max amount₹1.5 Cr
EMI/L · 7y₹1,566
Disbursal7-15 business days
- Largest education loan disburser in India
- No collateral up to ₹20L
CIBIL: 650+ · Student
OTP-verified soft check · won’t affect your credit score · DPDP-consented
Move the sliders to see monthly EMI, total interest, and total cost of this loan.
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
✓ Best for
Borrowers with strong collateral chasing the lowest possible secured rate (7.45% start) — Axis is the cheapest among private banks for collateralised education loans.
⚠ Not ideal for
Pure unsecured borrowers without co-applicant net worth — Avanse / Auxilo handle that segment better.
For a ₹10 L loan over 7 yrs at 7.45% — your best-case scenario.
You repay ₹12,86,343 for ₹10,00,000 borrowed.
Customize amount, tenure & rate in the EMI calculator above ↑
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).
Third-largest private bank. Home loans from 8.35%, personal 9.99–22%, new-car from 9.30%, education 7.45% (secured starting) – 13%, business 11.40% secured / 12.90% unsecured.
Visit Axis Bank websiteSee how Axis Bankcompares on rate, fees & eligibility.
State Bank of India
CIBIL: 650+ · Student
Bank of Baroda
CIBIL: 700+ · Student
Punjab National Bank
CIBIL: 700+ · Student
HDFC Credila
CIBIL: 0+ · Student
Cover the education loan
Term life insurance ensures the education loan never becomes a burden on your family — pick a sum assured covering the loan plus living expenses.
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