Education has become expensive, making it necessary to take a loan! Find out which bank offers the cheapest education loan.

If you're considering an education loan for yourself or your family, you should know the education loan interest rates from private and public banks in the country.

Education Loan Interest Rates 2025: In today's changing world, the price of everything is rising. People are spending lakhs of rupees even for basic and essential things like education and health. Education is becoming more expensive in both big cities and small towns. School fees for children are reaching lakhs. Higher education is a different matter altogether. Engineering and other graduate courses have also become very expensive. Private college fees are increasing day by day.

In such a situation, many people rely on education loans from banks to fund their children's education. If you're considering an education loan for yourself or your family, you should know the education loan interest rates from private and public banks in the country. This will help you choose the right bank and avoid any hassles. You can also avoid financial loss.

Interest Rates of Various Banks

State Bank of India (SBI), the country's largest public sector bank, offers student loans at interest rates ranging from 7.15% to 10.15%. HDFC Bank, the largest private sector bank, offers education loans at interest rates ranging from 9% to 10.25%. However, the interest rates for both banks depend on the course you pursue and the loan amount. Banks also consider several other factors. Admission to a good and reputable college can help you secure an education loan faster.

Punjab National Bank (PNB) also offers education loans to students. Its interest rates start at around 8.55%. Similarly, Bank of Baroda (BOB) offers loans to its customers at interest rates ranging from 7.10% to 9.95%. At the same time, the interest rates on Canara Bank's education loan range from 7.10 percent to 10.35 percent.