Education Loan Rates
| Education Loan Interest Rates as on September 17,2009 |
| Banks | Education Type | Interest Rate | Repayment | Cost Covered |
| Abhyuda y Co-op Bank Ltd | Study in India | 10.5% | NA | Fees/ exam fees/ cost of books/ equipments/ uniform and caution deposit |
| Abhyuda y Co-op Bank Ltd | Study Abroad | 10.5% | NA | Fees/ exam fees/ cost of books/ equipments/ uniform, caution deposit and travel expenses/ passage |
| Allahab ad Bank | Study in India | 10.5 - 11.25% | Repayment starts 1 year after course completion/ 6 months after obtaining employment (whichever earlier) | Fee payable to College/ School/ Hostel, Examination/ Library/ Laboratory Fee, Purchase of Books/ Equipments/ Instruments/ Uniforms, Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/ Receipts of the Institution, Travel Expenses, Purchase of Computers, Insurance premium for student borrower, Study Tours, Project Work, and Thesis |
| Allahab ad Bank | Study Abroad | 10.5 - 11.25% | Repayment starts 1 year after course completion/ 6 months after obtaining employment (whichever earlier) | Fee payable to College/ School / Hostel, Examination/ Library/ Laboratory Fee, Purchase of Books/ Equipments/ Instruments/ Uniforms, Caution Deposit/ Building Fund/ Refundable Deposit supported by Bills/ Receipts of the Institution, Travel Expenses/ Passage Money, Purchase of Computers, Insurance premium for student borrower, Study Tours, Project Work and Thesis |
| Andhra Bank | Study in India | 12.5% | NA | Fee payable to Tuition, Hostel, Examination, books, project work, study tours, refundable deposits |
| Andhra Bank | Study Abroad | 12.5% | NA | Fee payable to Tuition, Hostel, Examination, books, project work, study tours, refundable deposits, air passage and maintenance |
| Apna Sahakar i Bank Ltd | Study in India | 11% | NA | Payment of fees, purchase of books and study material, purchase of equipment/ instruments, hostel fees, incidental charges, purchase of clothing & other equipment |
| Apna Sahakar i Bank Ltd | Study Abroad | 11% | NA | Payment of fees, purchase of books and study material, purchase of equipment/ instruments, hostel fees/ boarding charges, air travel, incidental charges, purchase of clothing & other equipment |
| Axis Bank | Study in India | 15.75% | Repayable in maximum 7 years | Tuition fees, hostel charges (if any), cost of books, etc |
| Axis Bank | Study Abroad | 15.75% | Repayable in maximum 7 years | Tuition fees, hostel charges (if any), cost of books, etc |
| Bank of Baroda | Study in India | 12% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fees payable to College / Examination / Library / Laboratory / Hostel / Purchase of books / equipments / instruments, Purchase of Computer / Caution deposit / building fund |
| Bank of Baroda | Study Abroad | 12% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fees payable to College / Examination / Library / Laboratory / Hostel / Purchase of books / equipments / instruments, Purchase of Computer / Caution deposit / building fund |
| Bank of India | Study in India | 10% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to college / hostel / Examination / Library / Laboratory / Purchase of books / equipments / instruments / Caution deposit / building fund / Purchase of computer |
| Bank of India | Study Abroad | 10% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to college / hostel / Examination / Library / Laboratory / Purchase of books / equipments / instruments / Caution deposit / building fund / Purchase of computer |
| Bank of Maharas htra | Study in India | 11% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition fees, hostel expenses, purchase of books / equipments / instruments |
| Bank of Maharas htra | Study Abroad | 11% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition fees, hostel expenses, purchase of books / equipments / instruments, travel expense |
| Canara Bank | Study in India | 12% | NA | Course fees, purchase of books, equipments, instruments, payment of hostel fees, examination fees |
| Canara Bank | Study Abroad | 12% | NA | Course fees, purchase of books, equipments, instruments, payment of hostel fees, examination fees, study tours, passage expenses |
| Catholi c Syrian Bank | Study in India | 14.75% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition fees, cost of Books, purchase of computer, refundable deposits supported by bills, receipts |
| Catholi c Syrian Bank | Study Abroad | 14.75% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition fees, cost of Books, purchase of computer, refundable deposits supported by bills, receipts, travel expenses |
| Central Bank of India | Study in India | 10% | NA | Fee payable to College / Hostel, Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer |
| Central Bank of India | Study Abroad | 10% | NA | Fee payable to College/Hostel, Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer, Travel expenses / passage of money |
| City Union Bank | Study Abroad | 15.75% | NA | College/ School/ Hostel Fees,Examinatio n/ Library/ Laboratory Fees, purchase of books/ equipments/ instruments, payment of Caution Deposits/ Building Funds/ Refundable Deposits, Travel Expenses/ Passage Money for studies abroad, expense required for study tours, project work, thesis |
| Corpora tion Bank | Study in India | 13% | NA | Fee payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, caution deposit, purchase of computers, insurance premium for student borrower, any other expense like study tours, project work, thesis |
| Corpora tion Bank | Study Abroad | 13% | NA | Fee payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, caution deposit, purchase of computers, insurance premium for student borrower, any other expense like study tours, project work, thesis, travel expenses/ passage money |
| Credila Educati on Loan Service | Study in India | 11.95% | NA | Fee payable to college/ school/ hostel; examination/ library/ laboratory fees; purchase of books/ equipments/ instruments/ uniforms; Caution deposit/ building fund/ refundable deposit supported by institution bills/ receipts; purchase of computers, any other expense required to complete the course- like study tours , project work, thesis; travelling expenses/ passage money and living expenses |
| Credila Educati on Loan Service | Study Abroad | 11.95% | NA | Fee payable to college/ school/ hostel; examination/ library/ laboratory fees; purchase of books/ equipments/ instruments/ uniforms; Caution deposit/ building fund/ refundable deposit supported by institution bills/ receipts; purchase of computers, any other expense required to complete the course- like study tours, project work, thesis; travelling expenses/ passage money and living expenses |
| Dena Bank | Study in India | 12 - 12.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to college / hostel, Examination / Library / Laboratory, Purchase of books / equipment / instruments, Purchase of computer |
| Dena Bank | Study Abroad | 12 - 12.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to colleges / hostels, Examination / Library / Laboratory, Purchase of books / equipment / instruments, Purchase of computer, Passage fare for travel |
| Dhanala kshmi Bank Ltd | Study Abroad | 16% | NA | Payment of fees, purchase of books and study material, purchase of equipment/ instruments, hostel fees, purchase of clothing & other equipment, boarding charges, air travel, incidental charges |
| Federal Bank | Study in India | 14.75% | NA | NA |
| Federal Bank | Study Abroad | 14.75% | NA | NA |
| HDFC Bank | Study in India | 12 - 14% | NA | Fee payable to college/ hostel/ Examination/ Library/ Laboratory, Purchase of books/ equipments/inst ruments, Caution deposit/ building fund, Purchase of computer |
| HDFC Bank | Study Abroad | 12 - 14% | NA | Fee payable to college/ hostel/ Examination/ Library/ Laboratory, Purchase of books/ equipments/ instruments, Caution deposit/ building fund, Purchase of computer, Travel expenses/ passage money |
| ICICI Bank | Study in India | 13.75% | NA | NA |
| IDBI Bank | Study in India | 12.75% | NA | Fee payable to college/hostel, Examination/ Library/ Laboratory, Purchase of books/equipment /instruments, Purchase of computer |
| IDBI Bank | Study Abroad | 12.75% | NA | Fee payable to college/hostel, Examination/Lib rary/Laboratory , Purchase of books/equipment /instruments, Purchase of computer, Passage fare for travel |
| Indian Bank | Study in India | 12% | Repayable in 5 - 7 years | Fee payable to college / hostel / exam, purchase of books / equipments, purchase of computer |
| Indian Bank | Study Abroad | 12% | Repayable in 5 - 7 years | Fee payable to college / hostel, exam, purchase of books / equipments, purchase of computer, travel expenses / passage money |
| Indian Oversea s Bank | Study in India | 11.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | NA |
| Indian Oversea s Bank | Study Abroad | 11.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | NA |
| J&K Bank | Study in India | 11.5% | NA | NA |
| J&K Bank | Study Abroad | 11.5% | NA | NA |
| Karnata ka Bank | Study in India | 13.25% | NA | Expenses for tuition fees, books, study material, hostel boarding and air travel |
| Karnata ka Bank | Study Abroad | 13.25% | NA | Expenses for tuition fees, books, study material, hostel boarding and air travel |
| Karur Vysya Bank | Study in India | 12% | NA | NA |
| Karur Vysya Bank | Study Abroad | 12% | NA | NA |
| Lakshmi Vilas Bank | Study in India | 12.25% | NA | NA |
| Lakshmi Vilas Bank | Study Abroad | 12.25% | NA | NA |
| Orienta l Bank of Commerc e | Study in India | 11.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Admission fee / Monthly fee / Examination fee, Books, equipments, expenses of hostel / expenses for study tours, project work, thesis |
| Orienta l Bank of Commerc e | Study Abroad | 11.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Admission fee / Monthly fee / Examination fee, Books, equipments, Air fare expenses of hostel, expenses for study tours, project work, thesis |
| Punjab & Sind Bank | Study in India | 13% | NA | College/ School/ hostel fee, Examination/ library/ laboratory fee, Purchase of books/ equipments/ instruments/ uniforms, Caution deposit/ building fund/ refundable deposit supported by institution bills/receipts, Purchase of computers, any other expense required to complete the course- like study tours, project work, thesis |
| Punjab & Sind Bank | Study Abroad | 13% | NA | College/ School/ hostel fee, Examination/ library/ laboratory fee, Purchase of books/ equipments/ instruments/ uniforms, Caution deposit/ building fund/ refundable deposit supported by institution bills/receipts, Purchase of computers, any other expense required to complete the course- like study tours, project work, thesis |
| Punjab Nationa l Bank | Study in India | 12.25% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to College / Hostel, Examination / Library / Laboratory fee, Purchase of books / equipments / instruments, Caution Deposit / Building Fund |
| Punjab Nationa l Bank | Study Abroad | 12.25% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to College / Hostel, Examination / Library / Laboratory fee, Purchase of books / equipments / instruments, Caution Deposit / Building Fund, Travel Expenses / Passage, Purchase of computers |
| SBI | Study in India | 10.75% | NA | Fees payable to College / hostel / Examination / Library / Laboratory fees / Purchase of Books / Equipment / Instruments / Caution Deposit / Building Fund / Refundable Deposit / Purchase of computer |
| SBI | Study Abroad | 10.75% | NA | Fees payable to college / hostel / Examination / Library / Laboratory fees / Purchase of Books / Equipment / Instruments / Caution Deposit / Building Fund / Refundable Deposit / Travel Expenses / Passage money / Purchase of computer |
| Saraswa t Bank | Study in India | 12.5% | from 6 months upto 3 years | all expense related to course |
| Saraswa t Bank | Study Abroad | 12.5% | from 6 months upto 3 years | all expense related to course |
| State Bank of Bikaner & Jaipur | Study in India | 11.75% | NA | NA |
| State Bank of Bikaner & Jaipur | Study Abroad | 11.75% | NA | NA |
| State Bank of Hyderab ad | Study in India | 12.5% | NA | Fee payable to the educational institution, Caution deposit/ building fund/ refundable deposit supported by institution bills/ receipts |
| State Bank of Hyderab ad | Study Abroad | 12.5% | NA | Fee payable to the educational institution, Caution deposit/ building fund/ refundable deposit supported by institution bills/ receipts |
| State Bank of Indore | Study in India | 13% | NA | NA |
| State Bank of Indore | Study Abroad | 13% | NA | NA |
| State Bank of Mysore | Study in India | 13.25% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition and other fees / maintenance costs / books and equipment |
| State Bank of Mysore | Study Abroad | 13.25% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Tuition and other fees / maintenance costs / books and equipment and cost of passage |
| State Bank of Patiala | Study in India | 13% | Repayment starts 1 year after course completion/ 6 months after obtaining employment (whichever earlier) | Fee payable to college/ hostel/ Examination/ Library/ Laboratory, Purchase of books/ equipments/inst ruments, Caution deposit/ building fund, Purchase of computer |
| State Bank of Patiala | Study Abroad | 13% | Repayment starts 1 year after course completion/ 6 months after obtaining employment (whichever earlier) | Fee payable to college/ hostel/ Examination/ Library/ Laboratory, Purchase of books/ equipments/ instruments, Caution deposit/ building fund, Purchase of computer, Travel expenses/ passage money |
| State Bank of Travanc ore | Study in India | 12.25% | NA | Tuition\ Examination\ Library\ Laboratory fee, cost of books\ purchase of Computers\ equipments\ instruments\ uniforms, cost of passage for studies abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the tuition fee, expenses required for study, tours, project work, thesis |
| State Bank of Travanc ore | Study Abroad | 12.25% | NA | Tuition\ Examination\ Library\ Laboratory fee, cost of books\ purchase of Computers\ equipments\ instruments\ uniforms, cost of passage for studies abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the tuition fee, expenses required for study, tours, project work, thesis |
| Syndica te Bank | Study in India | 10.5% | NA | fee payable to college/ school/ hostel, examination fee, cost of books |
| Syndica te Bank | Study Abroad | 10.5% | NA | fee payable to college/ school/ hostel, examination fee, cost of books |
| Tamilna d Mercant ile Bank Ltd | Study in India | 14.75% | NA | Fee payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, Caution deposit/ building fund / refundable deposit supported by institution bills/ receipts, purchase of computers, any other expense required to complete the course - like study tours , project work, thesis |
| Tamilna d Mercant ile Bank Ltd | Study Abroad | 14.75% | NA | Fee payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, Caution deposit/ building fund / refundable deposit supported by institution bills/ receipts, purchase of computers, any other expense required to complete the course - like study tours , project work, thesis, travel expenses/ passage money |
| The Kapol Co-op Bank Ltd | Study in India | 13.5% | NA | NA |
| The Kapol Co-op Bank Ltd | Study Abroad | 13.5% | NA | NA |
| The Ratnaka r Bank | Study in India | 14.5% | NA | NA |
| The Ratnaka r Bank | Study Abroad | 14.5% | NA | NA |
| UCO Bank | Study in India | 11.75% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Course Fees, Hostel fees, Books, Equipment, Computers, Examination / Library / Laboratory fees |
| UCO Bank | Study Abroad | 11.75% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Course Fees, Hostel fees, Books, Equipment, Computers, Examination / Library / Laboratory fees, Travel Expense |
| Union Bank of India | Study in India | 12.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | NA |
| Union Bank of India | Study Abroad | 12.5% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | NA |
| United Bank of India | Study in India | 11.25% | NA | Fees payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts, purchase of computer, any other expenses required to complete the course like study tours, project work, thesis |
| United Bank of India | Study Abroad | 11.25% | NA | Fees payable to college/ school/ hostel, examination/ library/ laboratory fee, purchase of books/ equipments/ instruments/ uniforms, caution deposit/ building fund/ refundable deposit supported by Institution bills/ receipts, purchase of computer, any other expenses required to complete the course like study tours, project work, thesis |
| Vijaya Bank | Study in India | 11% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to college / hostel / Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer |
| Vijaya Bank | Study Abroad | 11% | Repayment starts 1 year after course completion / 6 months after obtaining employment (whichever earlier) | Fee payable to college / hostel / Examination / Library / Laboratory, Purchase of books / equipments / instruments, Caution deposit / building fund, Purchase of computer, Travel expenses / passage money |
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