Cheapest Education Loan: These banks are offering cheapest education loans, check rates..
Banks Are Giving Cheapest Education Loans for Abroad Studies: Studying abroad is quite expensive. Apart from the study fees, the financial burden of living and eating there is also huge. Not only this, traveling by flight is also very expensive. This is the reason why many students are not able to fulfill their dream of studying abroad. You can fulfill this dream by taking an education loan from the bank. Many banks are offering education loans at affordable rates for studies abroad. However, these banks have many conditions. If you fulfill these conditions, you can easily take an education loan.
These banks are giving education loans at cheap interest rates
1. Indian Bank
This bank is giving education loans for studies abroad at an interest rate of 8.6 percent per annum. If you take an education loan of Rs 50 lakh for 7 years, then its EMI will be Rs 79,435.
2. IDFC First Bank
This bank is giving education loans at an annual interest rate of 9 percent. If you give a loan of Rs 50 lakh from this bank for 7 years, then you will have to pay Rs 89,606 as EMI.
3. Union bank of India
Union Bank is offering education loans at an interest rate of 9.25 percent per annum. If you take an education loan of Rs 50 lakh for 7 years, you will have to pay an EMI of Rs 81,081.
4. Bank of Baroda
This bank is giving education loans for studies abroad at the rate of 9.7 percent. If you take an education loan of Rs 50 lakh for 7 years, you will have to pay an EMI of Rs 82,233.
5. ICICI Bank
This bank is giving education loans at an interest rate of 10.25 percent per annum. If you take Rs 50 lakh for 7 years then its EMI will be Rs 83,653.
6. Canara Bank
Canara Bank is offering education loans at an interest rate of 10.85 percent per annum. If you take an education loan of Rs 50 lakh for 7 years, you will have to pay an EMI of Rs 85,218.
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