Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Personal Loan BYTES FROM OUR KITCHEN

    Loans for Students

    We all dream of studying at the best institutions and making the most out of the education system for a thriving career and future. But not all education is affordable and as most students do not earn an income, the burden on parents to provide a decent education for their children is ever increasing. However, banks and financial institutions offer education loans for students to complete their studies comfortably without applying much pressure on parents at the same time.

    Furthermore, you will enjoy tax benefits on educational loans under section 80(E) of the Income Tax Act, 1961.

    Find below some popular loans offered to students in India:

    HDFC Education Loan for Indian Education

    HDFC provides their loan services right at your doorstep. Find below the features of education loan offered by the bank:

    • Age - You must be between 16 years and 35 years of age.
    • Loan amount Unsecured loans up to Rs.7.5 lakhs and secured loans up to Rs.10 lakhs.
    • Choice of collateral – HDFC offers an array of collateral options including HDFC Bank Fixed Deposit, Residential Property, NSC or KVP policy, LIC policy etc.
    • Loan Tenure – You can choose a loan tenure up to 15 years post the repayment holiday period.
    • Loan disbursal – The loan will be disbursed directly to the educational institution according to your fee structure.
    • Processing fee – Up to 1% of the loan amount will be charged as processing fee for this loan.
    • For full-time programs, a co-applicant is required.

    Axis Bank Loan for Education

    You can apply for this loan for technical or professional education within India or overseas.

    • Loan amount – The minimum loan amount is Rs.50,000. The maximum loan amount for education in India is Rs.20 lakhs and Rs.30 lakhs for education overseas.
    • Loan approval – If all conditions are satisfied, your loan will be approved within 15 business days.
    • The loan amount can be used to cover the full tuition fee, books, hostel charges etc.
    • Margin – No margin for loan amount up to Rs.4 lakhs. 5% margin will be applicable for loan amount above Rs.4 lakhs for education within India and 15% margin will be applicable for loan amount above Rs.4 lakhs for education abroad.
    • Interest rate – MCLR or Marginal Cost Based Lending Rate of 8.85% will be applicable on the loan.

    BOI Star Loan for Education

    You can apply for this loan for the purpose of pursuing your higher education within the country or overseas.

    • Loan amount – The maximum loan amount for education in India is Rs.10 lakhs. The maximum loan amount for education overseas is Rs.20 lakhs.
    • Margin – No margin for loan amount up to Rs.4 lakhs. 5% margin will be applicable for loan amount above Rs.4 lakhs for education within India and 15% margin will be applicable for loan amount above Rs.4 lakhs for education abroad. Scholarships may be included in the loan margin.
    • Loan amount can be used for the payment of the full tuition fee, examination/laboratory/library fee, purchase of uniforms, books, equipment etc.
    • The applicant must have a good academic record to be eligible to apply for this loan.

    Bank of Baroda Loan for Educations

    Bank of Baroda offers a host of education loan options to customers starting from primary education to post-graduate education. Some of the education loans offered include the following:

    Baroda Vidya

    This loan is available for parents to finance their children’s school education starting from Nursery and up to Senior Secondary School.

      • Loan amount – Up to Rs.4 lakhs.
      • No collateral required for this loan.
      • Margin - No margin, processing fees or documentation fees charged.
      • Repayment – The loan must be repaid in 12 EMIs.
      • The parents must be residents of the place for at least 3 years. This does not include transferable jobs.

    Baroda Gyan

    This loan is available for students wishing to pursue their graduation, post-graduation, professional courses or any other course within India.

      • Loan amount – Up to Rs.10 lakhs.
      • Margin – No margin for loans up to Rs.4 lakhs. For loan amount of above Rs.4 lakhs, 5% margin will be applicable.
      • Repayment Moratorium Period – Repayment will start 1 year after the course period is completed or 6 months after getting a job, depending on whichever of the 2 occurs first.
      • Repayment Period – Up to 180 installment payments.
      • No processing fees charged.
      • This loan comes with a complimentary debit card.

    Baroda Scholar

    This loan is available for students wishing to pursue their professional or technical studies overseas.

      • Loan amount – Up to Rs.20 lakhs.
      • Margin – 15%.
      • Repayment Moratorium Period – Repayment will start 1 year after the course period is completed or 6 months after getting a job, depending on whichever of the 2 occurs first.
      • Repayment Period – Up to 180 installment payments.
      • No security required for loan amount up to Rs.4 lakhs.

    Never compromise on education. Secure your future by studying up to your full potential and strengthen your career prospects with an education loan.

    Personal Loan Reviews

    • Axis Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have applied for Axis Bank Personal Loan through online .The agent clearly explained the process of the loan.The rate of interest was as ok and the processing fee was also ok. while submitting the documents not yet faces any issues .The documentation part was more.The loan amount got on time .The loan amt was sufficient s well .The Overall Service is Good.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I came to know about Bank bazaar through advertisement only.Then i have checked for credit score .Bank bazaar is providing very good service as of now need to avoid calling the same person frequently.Then i have tried to apply for Tata Capital Personal loan .The agent clearly explained the process of the loan and not yet faced any issues as of now.The rate of interest was little bit high and the processing fee was acceptable .The Overall Service is Good .
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Tata capital Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I have applied for Tata capital Personal Loan.I have not faced any issues. The rate of interest was littile bit high and the processing fee was little bit acceptable.The agent clearly explained the process of the loan.I have not faced any issues till now .The Overall Service is Good and satisfactory .
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "GOOD PORTAL TO USE"
      0.5 4.0/5 "Great!"
      It is the first time experience with the Bankbazaar.com and i had a very good experience also i am using it through the mobile application as the application is user friendly and convenient to access. The customer service is very good and responsive. by explaining the details of the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 24, 2019
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the personal loan with the ICICI since from last few years the loan amount with them was good also the documentation process was simple and it was hassle free to use. The rate of interest with this nominal added on that the service is very good with this bank.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the ICICI BANK the loan amount with this bank what they have offered was satisfactory. The rate of interest with this bank was nominal also i am using it since from last one year and it is good to use.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "ONE STOP SOLUTION"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com i have been using it since from last few months and i have a very good experience i have been using it through the mobile application as the application is user friendly also it is convenient to access. The customer service is good and they are responsive.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the personal loan with the INDUSIND BANK. The loan amount was good and the rate of interest was 10.5% which is nominal when compared to the others. The documentation process was easy and it is comfortable.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through online only .The Bank bazaar is the only online website giving all details about the banking products .I have applied for Tata Capital Personal Loan and not yet faced any issues .The agent clearly explained the process and not yet faced any issues as of now.The Overall Service is Good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Tata capital Personal Loan. No clue on the rate of interest and charges levied by them,The agent clearly explained the process .I have not faced any issues till now .I have cancelled the plan of taking the personal loan since not require the personal loan .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Kotak Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The reason for taking the personal loan with the KOTAK MAHINDRA BANK is i am an existing customer customer with this bank. The loan amount was good also the rate of interest was 11.5% with this loan and the duration is for 48months for repaying he loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bankbazaar.com and i had a very good experience with the Bankbazaar.com. I am using it through the mobile application as the application is user friendly and convenient to access. The customer service is very good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It is the best loan that i have taken with the EarlySalary when compared to the other so i have taken this loan. The documentation process was simple and and also i got a loan within a day after the documents. The loan amount was lesser with this loan as they have given also the rate of interest was lesser.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 24, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan with the HDFC BANK and have been using it since from last few years and the documentation process was simple and it is easy procedure to get the loan. I got the loan within 10-15 days with this bank. The rate of interest was lesser with 11.5% with 4 years of duration.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com i am using it from last one year and i have a good experience and i am using it through the mobile application as well as the website both are easy and user friendly portal to access. The customer service is good and they are responsive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The loan amount was lesser along with that it is with lesser duration which is comfortable so taken the personal loan with the EarlySalary. The documentation process was simple and the documents collected at the doorsteps. I got the loan within 8-10days with this loan also, the loan amount is good with 12-13% of rate of interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the consumer durable loan with the AXIS BANK they have offered with the good loan amount also the documentation process was simple to get the loan. I have taken the MOBILE PHONE with this bank, the duration for repaying the loan is for 9 months.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Bank Bazaar Personal Loan
      "CONVENIENT PORTAL"
      0.5 4.0/5 "Great!"
      Bankbazaar.com this is the first time experience as i have been using it through the website the portal is convenient also it is user friendly to access.The customer service is good and also they are good by explaining the details of the loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      The documentation process was good with the EarlySalary where i have applied for the personal loan. The loan amount was good also the processing fee was nominal. The rate of interest was higher with this loan when compared to the other loans.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 24, 2019
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Personal Loan Early Salary. The agent clearly explained the process .The rate of interest was nominal and the processing fee was nominal. I have got loan amount on time .The loan amount was sufficient and not yet faced any difficulties.The Overall Service is Good and Satisfactory .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 24, 2019
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