Updated March 2026
Education Loan Bank Guides
In-depth guides for 10 banks and lenders. Compare interest rates, eligibility, collateral requirements, and find the best education loan for you.
5 Public Sector Banks 2 Private Banks 2 NBFCs 1 International
Public Sector Banks
Government-backed banks with the lowest interest rates and zero processing fees.
Bank of Baroda
PSB
Rate: 8.35% - 10.35%
Collateral-free: ₹7.5 Lakh (₹40 Lakh for premier institutes)
Tenure: 15 years
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Canara Bank
PSB
Rate: 8.65% - 10.65%
Collateral-free: ₹7.5 Lakh (₹50 Lakh for premier institutes under Vidya Turant)
Tenure: 15 years
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PNB
PSB
Rate: 8.45% - 10.65%
Collateral-free: ₹7.5 Lakh
Tenure: 15 years
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Bank of India
PSB
Rate: 9.05% - 10.55%
Collateral-free: ₹7.5 Lakh
Tenure: 15 years
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Union Bank
PSB
Rate: 8.90% - 11.40%
Collateral-free: ₹7.5 Lakh
Tenure: 15 years
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Private Banks
Faster processing, digital-first approach, and higher loan amounts for studies abroad.
NBFCs (Non-Banking Financial Companies)
Flexible eligibility, high collateral-free limits, and specialized education lending.
International Lenders
No collateral, no co-signer options for postgraduate studies abroad.
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