Best Education Loan Rates: Although pursuing higher education overseas can be costly, education loans offer students crucial financial support. Comparing interest rates on student loans from several banks is crucial to getting the best deal as the February academic year draws near.

Students should take into account some important aspects when selecting an education loan provider, such as processing costs, loan length, and repayment terms. Additionally, they should search for special interest rates for students enrolled in specialized courses or attending highly regarded universities. Furthermore, a lot of banks provide all-inclusive loans that pay for living expenses, books, laptops, and other necessities in addition to tuition. Here are a few banks that give good interest rates on Education loans:

1. BankBazaar.com:
According to the portal, Bankbazaar is offering a Rs. 50 lakh education loan for 15 years with 8.25% to 10.25% as of September 8th.

2. Union Bank of India:
Union Bank of India is giving you an education loan at just an 8.25% interest rate for Rs. 50 Lakhs over 15 years.

3. State Bank of India:
SBI is providing an 8.65% interest rate for Rs. 50 Lakhs, which can be repaid in 15 years.

4. Bank of Baroda:
Bank of Baroda is offering an 8.70% interest rate for 50 Lakhs, which can also be repaid over 15 years.

5. IDBI Bank:
IDBI bank offers a 9.30% interest rate for of 50 lakhs loan which can also be repaid in 15 years.

Also Read: IRCTC New Rule: Here’s Who Can Book Train Tickets in First 15 Minutes

6. IDFC First Bank:
IDFC First Bank offers you a 9.5% interest rate for a 50 lakh loan, which can be repaid in the span of 15 years.

7. Canara Bank:
Canara Bank offers you a 9.5% interest rate for the same amount and can be repaid in the span of 15 years.

8. ICICI Bank:
ICICI Bank is the only place you get a 10.25% interest rate for the same amount and the same repayment time period.

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