By Admin 
Education Loan Interest rates 2025: Today in the changing world the prices of everything are increasing. People have to spend lakhs even for basic and essential things like education and health. Education is becoming expensive in big cities as well as small towns. Children’s school fees have also started reaching lakhs. Higher education is a different matter. Engineering and other graduate courses have also become very expensive. Private college fees are increasing day by day.
In such a situation, many people depend on education loans from banks for the education of their children. If you are also thinking of taking an education loan for yourself or your family, then you should know the education loan interest rates of private and government banks of the country. So that you can choose the right bank and do not face any kind of problem. You can also avoid financial loss.
Interest rates of different banks
State Bank of India (SBI), the country’s largest government bank, provides loans to students at interest rates ranging from 7.15 percent to 10.15 percent. At the same time, HDFC Bank, the largest bank in the private sector bank sector, offers education loans at interest rates ranging from 9 percent to 10.25 percent. However, the interest rates of both the banks depend on which course you are doing and what is your loan amount. Apart from this, many other things are also looked after by the banks. Education loan is available quickly after getting admission in a good and well-known college.
Punjab National Bank (PNB) also provides education loan facility to students. Its interest rate starts from around 8.55 percent. Similarly, Bank of Baroda (BOB) provides loans to its customers at interest rates ranging from 7.10 percent to 9.95 percent. At the same time, the interest rates on education loan of Canara Bank range from 7.10 percent to 10.35 percent.
Also read: Now you will get digital life certificate sitting at home! India Post Payments Bank and EPFO made a big partnership