Education loan for MS

Question

I have 6.6 cgpa with few backlogs and a 1 yearback in between, i have taken only Duolingo(125), I'm looking for non collateral loan with low to none processing fee and low interest rate as possible... Pls suggest me some finances, thanks in advance

A D · Answer

Hi,
Everyone looks for the best terms but that doesn't mean they will get the terms that they want. If the non-collateral loan gets you a high-interest rate then you might want to consider a collateral loan. So, also adding the collateral loan details. The loan amount and the rate of interest depend on the profile of an applicant. Being a fall 2022 applicant, here is what I found during my loan research -
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
Inr Loans IDFC Bank (upto 50L) - 10.5% fixed = the best Option HDFC Credila ( Upto 45L)- 11%-14% based on Your Profile Axis Bank (Upto 40L Based on Your Profile and GRE) - 11-14% ICIC Bank (Upto 40L ) - 11.5%+ Usd Loans Leapfinance (Upto 100$K) - 8-9.6% based on your profile and College Location Prodigy (Upto 100% of Cost) - 8.5-12% based on Profile Mpower (Upto 100$k) - 12.5%
Auxilo 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

If you need a review on loans from Bank of Baroda, HDFC Credila, ICICI, SBI Education Loan, Auxilio, Avanse :
https://yocket.com/feed/bank-loan-review-part-1-734757

If you need a review on loans from Prodigy, Leap finance, Mpower, Incred, Axis bank educational loan, and Punjab national bank :
https://yocket.com/feed/bank-loan-review-part-2-734756

Hope it helps !!!