Make college memories that last a lot longer than your student loan payments.

 4.0 / 5.0   by 703 users
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  1. For What Professional Courses can I get an education loan? You can get Student Loan for various higher education courses like, management, medical and engineering, etc.
  2. How much loan I can get? Depending on your course you can get more than 20 lakhs of student loan. The loan amount will depend on the course and the income of the loan guarantor.
  3. When will the repayment of loan start? Generally Repayment will start after the Course period + 1 year or 6 months after getting job, whichever is earlier.
  4. What is the Interest rate charged for Student/education loan? The interest rates vary from bank to bank for student loan.
  5. Is it possible to get 100% Loan to cover all educational expenses? Yes, most banks offer 100% loan to cover all educational expenses.
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Customer Reviews

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  • UCO Education Loan
    "Excellent Service"
    UCO BANK
    0.5 5.0/5 "Blown Away!"
    I have availed Education loan through UCO Bank directly .I have got the loan very quickly .I have got this loan with good rate of interest ,Still this loan is active and i will be closing this loan within 2 months .I have directly contacted Bank Manager and got this loan .There was no difficulties faced so far.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 12, 2019
  • SBI
    SBI Education Loan
    "Not happy with the branch people"
    STATE BANK OF INDIA
    0.5 4.0/5 "Great!"
    I took the educational loan from SBI and in my home town, only SBI available so there was no chance to contact with other banks. When i took the loan, i do not have any knowledge about the interest rates. Without proper information, they have deducted the money for insurance and all. When i come to know about this, i was not happy about the loan. I closed the loan in a proper way. I took the loan amount of Rs. 90000 but when i paid the amount was Rs. 2.5 lakhs. The bank manager behavior was not good and they treated me like a slaves. The way of approach with the customer is not good.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Oct 09, 2019
  • Canara Bank Education Loan
    "Very Good Loan Services"
    CANARA BANK
    0.5 5.0/5 "Blown Away!"
    From Canara bank, they have given me a loan immediately. Time belongs to the institute, they got only one signature after that they have provided me a loan. I bought the loan amount of Rs. 2.3 lakhs and they have provided me a interest rate of 8%. EMI tenure period has not started so far.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 08, 2019
  • Syndicate Bank Education Loan
    "Good bank experience"
    SYNDICATE BANK
    0.5 3.0/5 "Satisfactory"
    There was no other nationalized bank in our region thats the reason i approached the syndicate bank for my educational loan. I got the loan amount of Rs. 2.38 lakhs and they took around 20 days to sanctioned the loan. The interest rate is 12% and i have closed the loan 5 years back.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 03, 2019
  • IOB Education Loan
    "Going good"
    INDIAN OVERSEAS BANK
    0.5 4.5/5 "Excellent!"
    I am running an educational loan for my daughter with Indian Overseas Bank without any issues. I just applied for a loan and they have sanctioned the amount immediately. In my district, totally having 15wards which they have segregated 1-8 for SBI and 9 to 15 as IOB hence have approached this bank. The interest rate is transparent and explained while processing the loan.
    Was this review helpful? 0
    , tiruchirapalli
    Reviewed on Sep 24, 2019
  • SBI Education Loan
    "Need to improve the customer service"
    STATE BANK OF INDIA
    0.5 1.0/5 "Really Bad"
    I have applied for an educational loan with State Bank of India but they have rejected the loan and even I made a complaint then they have provided me the loan. The interest rate is economical but the services are not good as per my personal experience.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Sep 24, 2019
  • Union Bank of India Education Loan
    "Good Experience"
    UNION BANK OF INDIA
    0.5 5.0/5 "Blown Away!"
    Unione Bank of India process was faster, I availed for Rs. 1 lakh of education loan for the duration of 7 years. The rate of interest was nominal around 11.5% per annum, they do have part payment and foreclosure option. They release the amount based on the semester it was a good experience overall.
    Was this review helpful? 0
    , namakkal
    Reviewed on Sep 23, 2019
  • Corporation Bank Education Loan
    "Trust worthy bank"
    CORPORATION BANK
    0.5 5.0/5 "Blown Away!"
    I closed my father home loan from Corporation bank, the outstanding amount was Rs.10.45 lakhs for the duration of five years. The rate of interest was reasonable around 9% per annum and it was floating one. The process for closing the loan is very simpler. The response is very supportive because its my local branch.
    Was this review helpful? 1
    , vijayawada
    Reviewed on Sep 20, 2019
  • SBI Education Loan
    "Need scope of improvement"
    STATE BANK OF INDIA
    0.5 3.5/5 "Pretty good"
    During my engineering studies my father took education loan from SBI, the process was very difficult because they are not supportive and transparent. At that time the government started subsidiary who earn less income but bank was not disclosed it. I availed Rs.4.2 lakhs for the duration of five years.
    Was this review helpful? 3
    , madurai
    Reviewed on Sep 20, 2019
  • State Bank of Bikaner Jaipur Education Loan
    "Interest and service should be improved"
    STATE BANK OF BIKANER AND JAIPUR
    0.5 3.0/5 "Satisfactory"
    I am about to close my SBI education loan, the amount was Rs. 1.90 lakh, initially the rate of interest was very higher around 13.99% when I compared the education loan with car loan other banks are offering less interest. The SBI customer care service should be more proactive and they are providing lack of information.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Sep 12, 2019
  • Central Bank of India Education Loan
    "Not satisfactoy"
    CENTRAL BANK OF INDIA
    0.5 3.0/5 "Satisfactory"
    Long back, I have taken a Educational loan for my college studies in Central Bank of India which was closed. This is the one bank where I get this help, their services are not good. They don't have online facility every time I need to visit the branch. The staffs are not helping the customer in a good manner. The interest rate is low.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 09, 2019
  • andhra Bank Education Loan
    "Very helpful loan and lite process"
    ANDHRA BANK
    0.5 4.5/5 "Excellent!"
    Andhra bank had a tie up with college. When i approached them, it was easy process to availed the loan hence i have selected the Andhra bank for my educational loan. The repayment process also very lite. Took the loan amount of Rs. 4 lakhs and I'm not very sure about the interest rate. The EMI amount is Rs. 8000 per month for the tenure period of 4 years.
    Was this review helpful? 2
    , gurgaon
    Reviewed on Sep 08, 2019
  • Canara Bank Education Loan
    "Excellent Loan Service"
    CANARA BANK
    0.5 5.0/5 "Blown Away!"
    Taken my educational loan from Canara bank and the service is excellent. When the repo rate is reduced by RBI, Canara bank will also reduced the interest rate even they have given me a subsidy also. They took 15 to 20 days to sanctioned the loan. I took the loan amount of Rs. 4 lakhs. We can track the status of the loan through their app also.
    Was this review helpful? 0
    , thane
    Reviewed on Aug 30, 2019
  • Punjab National Bank Education Loan
    "Low interest educational loan"
    PUNJAB NATIONAL BANK
    0.5 5.0/5 "Blown Away!"
    Got my educational loan from Punjab National Bank. The only thing about the bank is rate of interest is low. Since its a nationalized bank, the process was bit slow. During that time, it was only bank provided me a hassle free loan. I have closed the loan within 3 years.
    Was this review helpful? 2
    , mumbai
    Reviewed on Aug 27, 2019
  • Canara Bank Education Loan
    "Better Loan service"
    CANARA BANK
    0.5 2.0/5 "Expected more"
    Chosen my educational loan from Canara bank since i had a account with them, i have approached them. They took 1 year to give the loan. Interest rate is very less and there was a special scheme to get the loan. I applied the loan amount of Rs. 2.5 lakhs. I have closed the loan in the year of 2014.
    Was this review helpful? 1
    , pune
    Reviewed on Aug 27, 2019
  • Canara Bank Education Loan
    "Easy to get"
    CANARA BANK
    0.5 5.0/5 "Blown Away!"
    I have a educational loan from Canara and its because of the lower interest rates i have chosen them. They have sanctioned the loan in 1 week. I applied the loan amount of Rs. 10 lakhs and i got the same amount. The documentation process is pretty easy. I have not started paying the EMI. The staff response is fine in the branch.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Aug 26, 2019
  • Indian Bank Education Loan
    "Genuine banking"
    INDIAN BANK
    0.5 5.0/5 "Blown Away!"
    In the year of 2005, i have taken a educational loan from Indian bank and i have closed the same in the year of 2010. Since the interest rate is less hence i have chosen them. When i took the loan, the rates were less and they took 3 months to sanctioned the loan.
    Was this review helpful? 2
    , chennai
    Reviewed on Aug 23, 2019
  • IOB Education Loan
    "Good Experience"
    INDIAN OVERSEAS BANK
    0.5 5.0/5 "Blown Away!"
    I recently closed Indian overseas education loan in the last month. I have taken Rs.1.45 lakh for three years, the amount was released based on the semester, the process was easy. IOB have quoted 12% of interest and there is no processing fee.
    Was this review helpful? 1
    , coimbatore
    Reviewed on Aug 19, 2019
  • Allahabad Bank Education Loan
    "Good"
    ALLAHABAD BANK
    0.5 4.0/5 "Great!"
    I have applied for educational loan with the ALLAHABAD BANK on 4 years before. The amount which was given sufficient for the tenure period of 10 years. The documentation process was simple. The rate of interest given was nominal. There is a pre closure option.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Aug 18, 2019
  • SBI Education Loan
    "Good experience with SBI"
    STATE BANK OF INDIA
    0.5 4.0/5 "Great!"
    When i was doing my post graduation i got my education loan from State bank of India. They came to my college and filled my application and within a week, they have provided the loan to me. The given interest rate is 8.75% which is a variable rates. I have taken the loan amount of Rs. 5 lakhs. I have closed the loan and got my NOC letter.
    Was this review helpful? 7
    , bangalore
    Reviewed on Aug 16, 2019
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