If you are here then you might be searching for the best bank for education loan. No need to worry about that we are here to help you to out. Firstly, all you need to know about education loan- when speaking about education loan then it’s one of the most important parts of all students who apply for the loan. If you are applying for the loan then you must be a resident of India. If you want an education loan then you must have established admission in acknowledge educational institutes in India or foreign it’s up to you where you want to study. And the most important thing is your age should be 18 to 35 years during loan application. If you want to apply for an education loan then some mandatory documents are required by the bank such as the offer of admission, 10th /12th mark sheets and pass certificate, address proof, identity proof, income documents and all. These all are mandatory documents required by the bank.
Now you can look at some of the best banks for education loan all across the world is discussed below;
Sbi bank is one of the best banks for education loan when you are applying for education loan in SBI then there are some features of SBI education loan are as follows;
If you are taking a loan up to RS. 7.5 LACS then your interest rate will be 10.15%.
If you want above RS.7.5 LACS then your interest rate will be 10.40%. After taking a loan your repaid time will be up to 15 years after the course period + 12 months of repayment. And the most important thing is no processing/upfront charges will be levied on education loans.
Axis bank is also one of the best banks for education loans all across the world. if you are planning to take education loan in axis bank then your interest rates will be like this godown and check;
If you are taking a loan up to RS. 4 lacs then your interest rate will be 15.20%.
If you want above RS. 4 LACS TO RS. 7 LACS then your interest rate will be 14.70%. Axis bank providing education loans up to RS. 75 lacs. After completion of all devices, your loan will be disbursed within 15 days.
I hope we have included all the information about the best bank for education loans. stay tuned for more updates.
Thanks for visiting.