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ing to RBI data, Tamil Nadus gross market borrowings through SDLs stood at ₹87,000 crore in FY23 and FY22 after raising ₹87,977 crore in FY21. As per 2023-24 budget, Tamil Nadu government plans to borrow a total amount of ₹1.43-lakh crore in 2023-24 and make repayments of ₹51,331.79 crore.
Complete List of Bank BankInterest Rate(%)ActionICICI Bank13.6-14.6%Find My Rate Know More Union Bank Of India10.3-12.25%Find My Rate Know More InCred11.75-14%Find My Rate Know More HDFC Credela11.25-14%Find My Rate Know More 22 more rows
Summary: Best Education Loan in December 2023 CompanyForbes Advisor RatingInterest Rate RangeState Bank of India4.58.30% to 11.50%Punjab National Bank4.58.55% to 11.25%Bank of Baroda4.09.10% to 12.45%ICICI Bank4.09.50% onwards3 more rows
When applying for an education loan, the following documentation is required: Educational certificates. KYC documents. Admission letter. Fee Structure. Income proof and KYC documents of co-applicant.
For studies in India: Bank NameScheme NameLoan amount- Collateral RequiredICICI BankEducation loan for study in IndiaUpto 50 Lakhs unsecuredIDFC First BankEducation loan for study in IndiaUpto 50 Lakhs unsecuredAvanseEducation loan for studying in IndiaUpto 60 LakhsIncredEducation loan for studying in IndiaUpto 60 Lakhs7 more rows Sep 25, 2023
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Top Education Loan providers in India for study abroad. Name of BankLoan AmountIDBI BankDepends on requirementIndian Overseas Bank (IOB)Upto 40 lakhsBank of Baroda1,50,00,000Avanse Financial ServicesNo limit. Depends on requirement8 more rows Aug 29, 2023
How to get an education loan in Karnataka? Most public banks and private banks offer low-interest rates on your loan while they look for a strong profile with collateral whereas NBFCs usually offers unsecured loan without security at a higher rate of interest. With Credenc, getting into your dream school is easy.
Compare Education Loan Interest Rates 2023 BanksInterest RatesProcessing FeesBank of India10.95% p.a. to 11.75% p.a.Study in India: Nil Study in abroad: Rs.5,000UCO Bank9.7% p.a. to 13.10% p.a.Refer to the banks websiteFederal Bank12.55% p.a. onwardsContact the bankKotak Mahindra BankUp to 16% p.a.Nil15 more rows

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