......our answer to all your banking needs


Follow AllBankingSolutions


    Follow allbanking on Twitter


Which Banks Are Charging Lowest Rate of Interest on Education Loans



Rajesh Goyal 


Ads by Google




(Check Lowest Rate of Interest charged  by Banks in India / Minimum Rate of Interest charged  by Indian Banks. Best Education Loan Interest)



Which Banks Are Charging the Lowest Interest on Education Loan in 2016 ?  Best Rate of Interest on Education Loan  in India ? Comparative Education Loan Interest Rates.  Latest Education Loan Interest by Banks in India


Different banks charge different interest rates for Education loans.   The rate of interest also vary based on (a) the quantum of the loan; (b) period for which loan is intended to be availed (c) Educational Institute. 


Therefore, it is not possible to give a chart which can provide the details of the lowest rate of interest charged by banks for all categories.  


It is not possible to give the name of  one bank which charges the lowest rate of interest for all tenures and all levels of loan amount.     Moreover, these rates are frequently changed by banks and that too without informing media.  Sometimes the details are not even updated on the website or they are so confusing that it becomes impossible to decipher the details.    Therefore, we are giving below a broad idea as to the banks which are charging lowest rate of interest in a particular category.  Readers are advised to check the same by clicking on the link of relevant bank from where they intend to avail the loan and they check the websites of the following banks too to ensure that they get the best deals.     [The following rates have been updated in the Last Week of August,  2016)



Name of Bank

Rate of Interest (Range)


Central Bank of India

11.20% - 11.70%

Bank of Baroda 9.90% - 11.90%  
United Bank of India 9.65% - 13.25%  
IDBI Bank 9.45% - 12.35%  
Bank of Maharashtra 10.90% - 12.15%  
State Bank of India 10.80% - 11.10%  

Dena Bank

11.05 %

Interest concession available to girl student under Dena Shakti Scheme.

Bank of India 9.90 - 12.40 %  
Punjab National Bank 9.35% - 11.95%  



Note:- The above rates are floating rates, and are linked to base rate. Thus, these rates are liable to be changed by bank even during the tenor of the loan.



Ads by Google




S.No. Name of the Bank
1 Allahabad Bank
2 Andhra Bank
3 Axis Bank
4 Bank of Baroda
5 Bank of India
6 Bank of Maharashtra
7 Canara Bank
8 Catholic Syrian Bank
9 Central Bank of India
10 Corporation Bank
11 Corporation Bank
12 City Union Bank
13 Dena Bank
14 Federal Bank
15 HDFC Bank
16 ICICI Bank
17 IDBI Bank
18 Indian Bank
19 Indian Overseas Bank
20 Indus Ind Bank
21 J&K Bank
22 Karnataka Bank
23 Karur Vysya Bank
24 Kotak Bank
25 Lakshmi Vilas Bank
26 Punjab National Bank

Punjab and Sind Bank

28 South Indian Bank
29 State Bank of Hyderabad
30 State Bank of India
31 State Bank of Patiala
32 State Bank of Travancore
33 Syndicate Bank
34 The Ratnakar Bank
35 UCO Bank
36 United Bank of India
37 Union Bank of India
38 Vijay Bank




You can give your feedback / comments about this Article.   Please give only relevant comments as irrelevant comments are waste of time for yourself and our other readers.



blog comments powered by Disqus