Education Loan

Question

I am applying for masters in CS in fall 23 I need to know which bank offers best education loan with low ROI. I require loan till 50 lakhs that too non- collateral. Please help accordingly I will select universities.

A D · Answer

Hi, 
The loan amount and the rate of interest depend on the profile of an applicant.

Collateral loans: 
Canara Bank, SBI, Bank of Baroda, hdfc bank rate of interest starts around: 8.5% 
ICICI starts at 9%

Non-collateral loans: 
HDFC bank starts around 10% 
https://yocket.com/blog/hdfc-credila-study-abroad-education-loan 
Auxilio starts around 10% 
Avanse starts around 10.5%

Other loan providers are leap finance, Mpower, prodigy 
https://yocket.com/blog/your-3-step-guide-to-getting-a-prodigy-finance-loan-for-american-ms-degrees 
https://yocket.com/blog/q-a-with-prodigy-finance-borrowers

IMPORTANT- Here is an article for the terms that you need to know before opting for a bank loan: https://yocket.com/blog/11-important-education-loan-terms-you-need-to-know

You can also apply for the loans via Yocket.

In the next 2-3 days, I am planning to post a detailed article about various loan reviews that I have taken. I will add the link here as soon as I publish it. It might be helpful to you.

Ravi KCS · Answer

All banks in India require collateral for amount above Rs.7.5 lakh

Ravi KCS · Answer

Idiot mind your language

Santosh Reddy · Answer

I think HDFC Credila is good

Santosh Reddy · Answer

I have taken loan from avanse ROI is higher but they give upto 65 Lakhs non collateral loan