Fees & Charges
Promised Interest Rate
Customer Service
Responsiveness
"I have taken a educational loan from State bank of India ,the customer service was very awesome rate of interest they offered me was fine compared to others in the market. The documents have been collected from the branch directly it was been eight years I have taken the loan from State bank of India."
Any of the following courses, as offered by recognized universities, is eligible for an education loan in India-
Generally, there are no restrictions. Most banks and financial institutions do not impose this rule. However, certain lenders do mark an age limit spanning from 16-35 years.
Not immediately. However, after you start repaying, you are free to deduct the loan interest amount from your total income when calculating tax.
The applicant is expected (and mandated) to submit his/her progress reports periodically. The progress reports could be mark sheets or a suitably attested letter from the applicant’s school/college.
I have visited a branch of Allahabad Bank, IFSC- ALLA0211786, I am pursuing Btech in CSE from Lovely Professional University, Punjab, which is UGC approved. When I went for an education loan to this branch the manager is saying that he couldn't give me loan, he wants AICTE approved University. But according to AICTE act, there is no need of AICTE approval for technical education, if a university is already UGC approved. When I showed it to him, he just ignored and said he doesn't know this kind of act and he will not give me loan any way.
Thank you for your vote
Thank you for your vote
I have taken a educational loan from State bank of India ,the customer service was very awesome rate of interest they offered me was fine compared to others in the market. The documents have been collected from the branch directly it was been eight years I have taken the loan from State bank of India.
Thank you for your vote
Thank you for your vote
I have taken Education Loan from Central Bank of India and my loan experience was good. I am not sure about the loan amount but the rate of interest was nominal when compared to other banks. The tenure of this loan is 7 years, documents were collected on time. There was no issues with the customer service, it was good and they responded on time.
Thank you for your vote
Thank you for your vote
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.
Thank you for your vote
Thank you for your vote
I have taken the education loan in SBI around Rs. 3.25 lakhs with the interest rate of 13% for the tenure of five years, now my tenure has been increased and my EMI got reduced. I am very much fine with SBI, my whole family is using SBI service always.
Thank you for your vote
Thank you for your vote
Oriental Bank of Commerce, customer service is not so good, their responsiveness is also not that much good. But they sanctioned the requested amount of Rs.2.5 lakhs for the tenure of five years. At the time I was not aware of the interest rate, I took it without verifying but I hope it was nominal.
Thank you for your vote
Thank you for your vote
I have taken education loan with PNB, unfortunately I have missed some of the dues. First they asked me do the final settlement of my loan. Later on, they understood due to financial criteria I were missed my dues and they helped me to close my loan without any hassles, its a great support. PNB is really appreciable they helped me to get education by their loan product.
Thank you for your vote
Thank you for your vote
The service offered by SBI was good in the initial stage.My repayment started from 2012 and at that time I was in search of job.I started to pay for education loan taken from Oct2015 but within that they have transferred the payment collection details to reliance and they were rushing me to make the full payment.
Thank you for your vote
Thank you for your vote
In the year 2005, I took the education loan from Allahad bank. The process was very simple. I re payed the loan within two years after completing the education.The personal relationship with the bank was also good. Loan documents was send on time .
Thank you for your vote
Thank you for your vote
Interest rate was considered to be high with Punjab and Sind bank and they are the only one to provide the educational loan at that time. My father took care of the entire loan process and the EMI amount was started in 2012. It would be nice if they lower the interest rate for the educational loan.
Thank you for your vote
Thank you for your vote
My educational loan was done with United bank of India. I took it on 2007 and I have completed last year. Good thing is, Branch is near my home town which is very convenient for me. Easy to approach them in terms of educational loan. Staff were less and it would be great if they increase the number of employees.
Thank you for your vote
Thank you for your vote
On 2008 I have taken my Educational loan from United bank of India. They have lots of documentary part. Very difficult to get loan from banks in terms of educational loan which is very secure. I am not happy with their service but I received my loan amount on time which was good in United bank of India.
Thank you for your vote
Thank you for your vote
BankBazaar.com is the world's first real-time online loan comparison website. We help you get lowest home loan, personal loan & car loan rates from all major banks in India.