— Reference: what lenders offer

Explore education loans.

A reference catalogue of what India’s top banks and NBFCs typically offer for education loans. Browse to learn the landscape.

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Showing 13 schemes

State Bank of India

PSU Bank

SBI Education Loan Scheme

India’s largest PSU bank. Multiple schemes — Student Loan for India, Global Ed-Vantage for abroad, Scholar Loan for premier institutes.

Rate
8.6511.15%
Tenure
Up to 15 yrs
Cap (India)
₹50 L
Cap (Abroad)
₹1.50 Cr
  • Full moratorium during course + 12 months
  • 0.50% concession for women borrowers
  • Lower rates for premier institutes (Scholar Loan)

Bank of Baroda

PSU Bank

Baroda Education Loan

Specialised schemes — Baroda Vidya for schooling, Baroda Gyan for UG/PG in India, Baroda Scholar for studying abroad.

Rate
9.1511.20%
Tenure
Up to 15 yrs
Cap (India)
₹80 L
Cap (Abroad)
₹1.50 Cr
  • Premier institutes get reduced rates
  • Women borrowers get a concessional rate
  • No collateral up to ₹7.5L (with co-applicant)

Punjab National Bank

PSU Bank

PNB Saraswati / Pratibha / Udaan

Three flagship schemes — Saraswati (general), Pratibha (premier institutes only, lower rates), Udaan (specifically for studies abroad).

Rate
8.7512.00%
Tenure
Up to 15 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹1.25 Cr
  • Pratibha — lowest rates for IIT/IIM/AIIMS/ISB etc.
  • Up to ₹40L without third-party guarantee
  • 0.50% rate concession for women + girl child

Canara Bank

PSU Bank

IBA Model Education Loan

Standard IBA-model loan plus specialised schemes — Vidya Turant (quick small loans up to ₹4L), Masters Degree Loan, and PM Vidyalaxmi.

Rate
9.4011.30%
Tenure
Up to 15 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹1.25 Cr
  • Vidya Turant — quick approval for loans up to ₹4L
  • Premier institute concession via Vidya Sagar
  • Tax benefit under Section 80E

Union Bank of India

PSU Bank

Union Education Loan

Three variants — Union Education (general), Union Education-Premier (lower rates for top institutes), Union Education-Abroad.

Rate
9.3011.40%
Tenure
Up to 15 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹2.00 Cr
  • Up to ₹2 Cr for select premier abroad institutes
  • Online application & sanction
  • Concessional rate for women borrowers

ICICI Bank

Private Bank

ICICI Bank Education Loan

Digital-first education loan with pre-approved offers for premier domestic and international institutes.

Rate
9.8512.50%
Tenure
Up to 14 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹3.00 Cr
  • Pre-approved offers for top institutes (digital sanction)
  • In-principle approval before admission
  • Up to ₹3 Cr for selected universities abroad

Axis Bank

Private Bank

Axis Bank Education Loan

Flexible education loan for India and abroad. Tie-ups with select institutes for no-margin loans.

Rate
10.5013.50%
Tenure
Up to 15 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹75 L
  • No margin money for select institute tie-ups
  • Flexible tenure up to 15 years
  • Tax benefit under Section 80E

Federal Bank

Private Bank

Federal Bank Education Loan

Strong presence in South India. Schemes for school, UG, PG, and abroad. Faster processing for smaller-ticket loans.

Rate
9.0012.00%
Tenure
Up to 12 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹1.00 Cr
  • Competitive rates, especially in South India
  • Faster processing for ticket sizes ≤ ₹10L
  • Vidyaprabha scheme for premier institutes

Credila Financial Services

NBFC

HDFC Credila Education Loan

India’s largest education-loan specialist (formerly part of HDFC group, now Credila Financial Services). Optimised for studying abroad and large ticket sizes.

Rate
9.8513.00%
Tenure
Up to 14 yrs
Cap (India)
₹75 L
Cap (Abroad)
₹2.00 Cr
  • Specialist NBFC — fast turnaround for abroad applications
  • 100% financing including living costs for top universities
  • Pre-admission loan sanctions available

Avanse Financial Services

NBFC

Avanse Education Loan

Education-loan NBFC backed by Warburg Pincus. Wide university list including non-traditional and online courses.

Rate
11.0014.00%
Tenure
Up to 15 yrs
Cap (India)
₹50 L
Cap (Abroad)
₹1.75 Cr
  • Accepts non-traditional and online courses
  • Dedicated counselors for application process
  • Disburses tuition + living + travel + insurance

Auxilo Finserve

NBFC

Auxilo Education Loan

Pro-education NBFC (RBI-registered). Covers India studies, abroad, executive education, skill development, and refinancing.

Rate
11.0014.50%
Tenure
Up to 15 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹1.50 Cr
  • Pre-admission sanctions to strengthen visa applications
  • Refinancing of existing education loans
  • Executive education segment specifically covered

InCred Finance

NBFC

InCred Education Loan

Digital-first NBFC, growing fast in education. Quick decisioning and AI-based eligibility for students and co-applicants.

Rate
10.5014.50%
Tenure
Up to 12 yrs
Cap (India)
₹40 L
Cap (Abroad)
₹1.00 Cr
  • Quick digital application & sanction
  • Flexible eligibility — accepts gap years and varied profiles
  • Disburses both tuition and living expenses

Prodigy Finance

NBFC

Prodigy Finance Loan

International lender for Indian students going abroad. No co-signer, no collateral — eligibility based on the university and course.

Rate
9.6513.00%
Tenure
Up to 20 yrs
Cap (India)
Cap (Abroad)
₹1.80 Cr
  • No co-signer or collateral required
  • Universities-list based — top global Master’s programs
  • Loan in USD/EUR/GBP, repaid after course

Indicative as of May 2026. Rates and limits change with the RBI repo rate (currently 5.25%) and lender-specific revisions. Always verify with the lender before applying.

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