HDFC Bank, Axis, Canara & more: Banks offering interest rates below 13.7% on education loans
Produced by: BT Desk Designed by: Manoj Kumar
Indian Bank
Interest rates start at 8.6%. EMI for a Rs 50-lakh loan over seven years is Rs 79,435.
Union Bank of India
Interest rates start at 9.25%. EMI for a Rs 50-lakh loan over seven years is Rs 81,081.
Bank of Baroda
Interest rates start at 9.7%. EMI for a Rs 50-lakh loan over seven years is Rs 82,233.
ICICI Bank
Interest rates start at 10.25%. EMI for a Rs 50-lakh loan over seven years is Rs 83,653.
Canara Bank
Interest rates start at 10.85%. EMI for a Rs 50-lakh loan over seven years is Rs 85,218.
State Bank of India
Interest rates start at 11.15%. EMI for a Rs 50-lakh loan over seven years is Rs 86,007.
Bank of India
Interest rates start at 11.85%. EMI for a Rs 50-lakh loan over seven years is Rs 87,863.
HDFC Bank
Interest rates start at 12.5%. EMI for a Rs 50-lakh loan over seven years is Rs 89,606.
Axis Bank
Interest rates start at 13.7%. EMI for a Rs 50-lakh loan over seven years is Rs 92,873.
Data sourced from bankbazaar as of May 15. EMIs calculated for a seven-year tenure, taking zero processing and other charges.