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 Education Loan Ratings
4.0 / 5.0 by 404 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

 Education Loan Reviews

"My son have taken a educational loan from UCO and I am the co applicant for the loan process it was a prompt service from UCO they took only 3 days to process my loan within the 2 day they sanctioned the loan amount and during the process they have asked for the college id card,bills ,fees bill we never get any difficulty during the service it was good from UCO for our educational loan service. "

Jerome Kujur, Bangalore
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What is Education Loan?

An Education Loan is designed to help students pay for university tuition, books, and living expenses.

Student Loan Income Tax Benefits

Get tax benefits under Section 80E of Income Tax Act of India for the Student Loans.

Student Loan Repayment

Generally Repayment will start after the Course period + 1 year or 6 months after getting job.
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Education Loan

education loan Interest RatesUpdated on

Details of education loan

Education Loan Interest Rate.(Monthly reducing balance)
12.00% to 17% floating.
Processing Fees
NA
Education Loan Tenure
1 year to 10 years
Educationa Loan Amount
Up to 100% of educational expenses
Pre-closure Charges
NA
Guarantor Requirement
Yes, guarantor required

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  • Some fields are incorrect or have not been filled in. Please correct this to proceed.
  • Details of Course For Which Loan is Needed
  • Slowly start typing your university's name and choose from the recommendations provided. If you do not see your university on our list, simply type the name in this field.
  • Include all tuition fees, living expenses, hostel expenses, purchases of books & equipment, and travel fare to country of study (if applicable).
  • Co-borrower Details
  • A relative with good income who can support your education loan applicant. Father or Mother are highly preferred as co-borrowers.
  • This is the co-applicant's net monthly salary as credited to his/her bank account after all deductions.
  • Gross Total Income as per latest ITR.
  • You will be charged a lower interest rate and be eligible for a higher loan amount if you provide collateral for the loan. Collateral can be a flat, house, non-agricultural land or fixed deposit.
  • Details of Collateral That Can Be Provided For Loan
  • Property with an existing loan on it can only be accepted as collateral if HDFC Ltd is the lender. Commercial properties and agricultural land cannot be accepted as collateral.
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Reviews

   Education Loan Reviews
Page 1 of 35 1 2 3 4 5
  • Validated User
    (0)

    Canara Bank is beside to my home, hence I visited and approached for Education loan. They coordinated well and sanction the loan on time. They gave me 13% of interest for the education loan now its revised around 11% to 12%. I took the amount of 2 .3 lakhs for the tenure of 7 years.

    Was this review helpful? Yes
    sharat took a Education Loan from CANARA BANK Reviewed on
  • Validated User
    (0)

    I took Education loan from Syndicate bank before five years at the time processing was very long and there was no proper communication about the interest rate, EMI, loan details etc. Interest rate was also below average in Syndicate bank for the education loan.

    Was this review helpful? Yes
    thirumurthy took a Education Loan from SYNDICATE BANK Reviewed on
  • good service
    /images/common/default-unknown-person.png
    , bangalore
    Recommend Recommended by user
    Validated User
    (0)

    My son have taken a educational loan from UCO and I am the co applicant for the loan process it was a prompt service from UCO they took only 3 days to process my loan within the 2 day they sanctioned the loan amount and during the process they have asked for the college id card,bills ,fees bill we never get any difficulty during the service it was good from UCO for our educational loan service.

    Was this review helpful? Yes
    jerome took a Education Loan from UCO BANK Reviewed on
  • Validated User
    (0)

    My education loan was taken with DENA bank. I would say that it was a bad experience because their customer service and responses was bad . The loan amount was 3.6 lakhs and the rate of interest was 10.5% initially later they have increased to 13.5% which is not satisfactory.I have faced so many issues while surrendering my loan, The pre closer process is very bad and charger are also there. They are not providing any door step service for the documentation collation.

    Was this review helpful? Yes
    saurabh took a Education Loan from DENA BANK Reviewed on
  • Its Better
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    , pune
    Recommend Recommended by user
    Validated User
    (0)

    SBI helped to graduate me, I took education loan of Rs. 1.5 lakh from SBI for the tenure of two years. They gave me interest rate around 10 to 12%, they gave me flexible option repay the amount. I paid different EMI amount to close my loan very earlier it was good.

    Was this review helpful? Yes
    ganesh took a Education Loan from STATE BANK OF INDIA Reviewed on
  • Best bank
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    , tirupati
    Recommend Recommended by user
    Validated User
    (0)

    When I approached Canara Bank for a educational loan. The bank checked my details and was willing to offer me a a loan amount of ten lakhs. The services has always been beneficial and the bank has always given me the best of offers as they value the existing customers.

    Was this review helpful? Yes
    gopichand took a Education Loan from CANARA BANK Reviewed on
  • (0)

    I had very good experience with PNB, they didn't take any charges on the loan disbursement. They have sanction the requested amount for an education loan with lower interest. I took the amount of 3 lakhs, then I closed my loan and got the loan closure letter from them.

    Was this review helpful? Yes
    nilesh took a Education Loan from PUNJAB NATIONAL BANK Reviewed on
  • Good
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    , hyderabad
    Recommend Recommended by user
    Validated User
    (0)

    I have closed the educational loan with the Andhra bank and they have disbursed the loan amount within two days of time. I would like to say that the response is good one with the Andhra bank.

    Was this review helpful? Yes
    amar took a Education Loan from ANDHRA BANK Reviewed on
  • DISSATISFIED
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    , kolkata
    Recommend Recommended by user
    Validated User
    (0)

    Before 11 years I availed a Educational loan with the State Bank of India.The rate of interest was 10% as fixed was way high at that time.The loan got disbursed within a month The documentation is really huge with them.The service should be improved with them.Any updated status should be notify with the customers.They should clearly explain each and everything to the customers.

    Was this review helpful? Yes
    saptarshi took a Education Loan from STATE BANK OF INDIA Reviewed on
  • Good for education
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    , bangalore
    Recommend Recommended by user
    Validated User
    (0)

    SBI is better than HDFC, I took education loan with short term. I took principal amount Rs.10 lakhs from SBI, for the tenure of one year. Service is not upto the mark they need to improve on it but the interest rate is attractive than other banks.

    Was this review helpful? Yes
    adishesha took a Education Loan from STATE BANK OF INDIA Reviewed on
  • Validated User
    (0)

    From SYNDICATE BANK i have taken an education loan with 14% rate of interest.The process was too long. The documentation taken so much days. The executive gave proper response and all needful at the time of the application. Since the process takes time i wont recommend this bank.

    Was this review helpful? Yes
    jineesh took a Education Loan from SYNDICATE BANK Reviewed on
  • Validated User
    (0)

    I have taken a educatin loan from INDIAN BANK. The process took lot of time for approval. Everyday i have to visit the branch for the inquiry for the education loan. The approved loan amount is 75000. It almost took 20 days for the approval. The promised rate of interest is 10% which is compulsory for all banks.

    Was this review helpful? Yes
    selvaraj took a Education Loan from INDIAN BANK Reviewed on
Page 1 of 35 1 2 3 4 5

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