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17th December 2015, 01:07 PM
Super Moderator
 
Join Date: May 2012
Re: Which bank is best for student loans

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 the details of the lowest rate of interest charged by banks for all categories

Here I am giving you the details of the lowest rate of interest charged by some banks

Rate of Interest on Education Loans
Central Bank of India
9.75% - 11.75%

Bank of Baroda
9.65% - 12.15%

United Bank of India
9.65% - 13.25%

IDBI Bank
9.75% - 13.25%

Bank of Maharashtra
10.95% - 12.20%

Canara Bank
11.15% - 11.65%

State Bank of India
11.45% - 13.45%

Allahabad Bank
10.70% - 11.2%

PUNJAB National Bank
10.60% - 12.60%


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