Study will not stop without money, take advantage of these study loans

Education loan: Most parents want to give the best education to their children. However, high quality education is usually quite expensive. Due to which thousands of children miss their education every year across the country. Now some banks are coming forward to solve this problem.

Education Loan from Central Bank of India

Punjab National Bank Education Loan

Punjab National Bank (PNB) is offering education loan at an interest rate of 7.45%. Its total EMI for a loan of Rs.20 lakh is Rs.30,627.

SBI 

SBI gives loans to students at an interest rate of 7.5%, which is slightly higher than normal. The EMI of this loan is Rs 30,677. Apart from this, Union Bank of India and IDBI Bank also offer education loan at the same rate of interest.

Indian Bank

Indian Bank charges an interest rate of 7.9% for a seven-year loan of Rs 20 lakh. Its EMI is Rs 31,073.

Bank of Baroda

Bank of Baroda charges interest at the rate of 7.9% on education loan of Rs 20 lakh for a tenure of seven years. Bank of Baroda loan EMI is Rs 31,073  

BOI 

Canara Bank 

Education loan of Rs 20 lakh from Canara Bank with payback period of seven years offers an interest rate of 8.3%. The total EMI of its loan is Rs 31,472.

Bank of Maharashtra Education Loan Policy

Bank of Maharashtra interest rate for student loans is 8.35%. Its monthly payment is Rs 31,522.

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