Pursuing higher education can be expensive, especially if you aim for top universities or overseas programs. Thankfully, various public and private banks in India offer student loans tailored for both domestic and international studies. Choosing the right bank is key to securing a low interest rate, flexible repayment terms, and minimal stress throughout your academic journey.
In this 2025 guide, we’ve compared and listed the top banks offering education loans in India, their features, interest rates, and eligibility conditions—so you can make an informed choice.
🏦 Why Choosing the Right Bank Matters
Not all education loans are created equal. Different banks offer different:
- Interest rates
- Processing fees
- Repayment tenures
- Collateral requirements
- Loan limits
A smart choice can save you lakhs in interest and give you peace of mind during your studies.
Compare details and apply smartly at:
👉 https://pwwpw.in/top-banks-offering-education-loans-in-india-for-2025
✅ Top Banks for Education Loans in 2025
Here’s a curated list of top banks and their current education loan offerings.
1. State Bank of India (SBI)
Scheme: SBI Global Ed-Vantage / Student Loan Scheme
Loan Limit: ₹7.5L (no collateral) up to ₹1.5 Cr (with collateral)
Interest Rate: 8.55% – 10.15%
Processing Fee: ₹10,000 + GST (waived in some cases)
Moratorium: Course period + 12 months
Why Choose SBI:
- Competitive rates for overseas education
- Covers full tuition, travel, and living expenses
- Large national reach
More details:
👉 https://pwwpw.in/top-banks-offering-education-loans-in-india-for-2025
2. Bank of Baroda (BOB)
Scheme: Baroda Scholar / Baroda Gyan
Loan Limit: ₹7.5L (no collateral), ₹80L (with collateral)
Interest Rate: 8.45% – 10.75%
Repayment Tenure: Up to 15 years
Why Choose BOB:
- Minimal processing charges
- Flexible loan limits
- Government subsidy compatible
Explore loan guides:
👉 https://pwwpw.in/interest-rates-on-education-loans-in-india
3. Punjab National Bank (PNB)
Scheme: PNB Udaan (overseas) / PNB Saraswati (domestic)
Loan Limit: ₹20L+ (depending on course)
Interest Rate: 8.75% onwards
Collateral: Required for loans above ₹7.5L
Why Choose PNB:
- Supports wide range of Indian and foreign institutions
- Integrated with CSIS and Padho Pardesh subsidies
- Custom repayment options
Check updated policy:
👉 https://pwwpw.in/government-schemes-and-subsidies-for-student-loans-in-india
4. HDFC Credila (Now part of HDFC Bank)
Loan Limit: No upper limit (based on eligibility)
Interest Rate: 10.5% – 13.5%
Repayment Flexibility: Prepayment allowed anytime
Why Choose HDFC Credila:
- Tailored for international students
- Quick processing
- Pre-visa disbursement
Full details at:
👉 https://pwwpw.in/education-loans-for-studying-abroad
5. Axis Bank
Loan Limit: Up to ₹40 lakhs
Interest Rate: 9.25% – 13%
Repayment Tenure: 15 years
Why Choose Axis:
- Fast digital application
- Interest concession for girls
- No prepayment charges
See repayment guides:
👉 https://pwwpw.in/how-to-repay-your-student-loan-in-india
6. ICICI Bank
Loan Limit: ₹20 – ₹50 lakhs
Interest Rate: 9% – 11.5%
Coverage: Tuition + Living + Travel
Why Choose ICICI:
- High-value loans for global education
- Quick sanction process
- Minimal paperwork
Loan documentation checklist:
👉 https://pwwpw.in/documents-required-for-student-loans-in-india
🔁 Summary Comparison Table
| Bank | Max Loan | Rate (Approx) | Collateral Needed |
|---|---|---|---|
| SBI | ₹1.5 Cr | 8.55% – 10.15% | Yes (for >₹7.5L) |
| BOB | ₹80 Lakhs | 8.45% – 10.75% | Yes |
| PNB | ₹20 Lakhs+ | 8.75%+ | Yes (for >₹7.5L) |
| HDFC Credila | No Limit | 10.5% – 13.5% | Often required |
| Axis Bank | ₹40 Lakhs | 9.25% – 13% | Depends |
| ICICI Bank | ₹50 Lakhs | 9% – 11.5% | Often required |
🎯 How to Choose the Right Bank
When choosing a bank, ask yourself:
- What’s the total interest cost over the tenure?
- Do they offer a moratorium or grace period?
- Are subsidies or government schemes applicable?
- What’s the documentation and processing timeline?
Start with your eligibility:
👉 https://pwwpw.in/eligibility-criteria-for-student-loans-in-india
⚠️ Things to Watch Out For
- Always check the actual APR (Annualized Percentage Rate)
- Ask about hidden fees and insurance requirements
- Confirm disbursement timelines (especially for visa and university deadlines)
- Know the prepayment clauses in detail
For a full guide on avoiding mistakes:
👉 https://pwwpw.in/common-mistakes-to-avoid-when-applying-for-a-student-loan-in-india
📌 Final Word
Choosing the right bank can mean the difference between manageable EMIs and long-term financial strain. Whether you’re aiming for IITs or international MBAs, start early, compare wisely, and plan your student loan in India for 2025 with confidence.
Bookmark this guide and stay updated:
👉 https://pwwpw.in/top-banks-offering-education-loans-in-india-for-2025
