Education Loan: These banks are offering education loan of Rs 50 lakh at the lowest interest rate, know how much will be the monthly EMI..

Bank For Education Loan: In today's time, most students dream of studying abroad. But to study abroad, a lot of expenses have to be paid. In such a situation, it becomes very difficult to make such a big expense in a lump sum.

In this situation, most people have to resort to an education loan (Best Bank For Education Loan). Different banks across the country offer different interest rates on education loans. But we are giving you information about some such banks that are providing you with an education loan up to 50 lakhs at a low interest rate. Know complete information about these banks in the news.

Interest rates of education loans in Punjab National Bank -

Punjab National Bank is allowing studying abroad at the lowest interest rate (Punjab National Bank loan interest rate) of 8.35 percent. On taking a loan of Rs 50 lakh from the bank for 15 years, the EMI of Rs 48,798 will have to be paid per month.

Union Bank interest rate-

Talking about the interest rates of Union Bank (Union Bank of India), in this bank, your education loan starts from 8.50 percent. The EMI for 15 years on a loan of 50 lakhs comes to around 49,237.

Interest rates in SBI Bank-

Talking about the interest rates of the State Bank of India (State Bank of India Loan EMI), it starts from 8.65 percent. Its EMI is going to be around Rs 49,678. Which comes with a big brand and security.

Bank of Baroda interest rates-

Bank of Baroda (Bank of Baroda Loan) is offering you a loan at 8.7 percent. Apart from this, you will have to pay Rs 49,825 as interest on a home loan of 50 lakhs. This bank is considered fast and transparent in processing.

Interest rate in Indian Overseas Bank-

Talking about the interest rates of Indian Overseas Bank, it starts from 8.75 percent (Indian Overseas Bank). Apart from this, the EMI of 15 years on a loan of 50 lakhs is Rs 49,947, which is cheaper than private banks.

Interest rate of Canara Bank-

Talking about the interest rate of Canara Bank, it is up to 9.5 percent. The EMI on this is going to be Rs 52,211. This bank often offers easy moratorium and long-term facilities.

Interest rate in the Central Bank-

If you take an education loan from the Central Bank, then its starting interest rate (Central Bank of India) will be up to 10.05 percent. On taking a loan of 50 lakhs, Rs 53,883 has to be paid as EMI. This can put pressure on the budget.

Interest rates of education loans in ICICI Bank-

ICICI's interest rate (ICICI Bank Loan EMI) starts from 10.25 percent. Its EMI starts from Rs 54,498. However, the processing is going to be fast and digital.

Bank of India's interest rate-

Talking about the interest rates of education loans in the Bank of India, it is going to be up to 10.85 percent. Bank of India (Bank of India loan interest rate) offers only 7 years tenure. Its EMI becomes Rs 56,630, which is one of the most expensive.

Education loan rate in Axis Bank-

Talking about the starting rates of education loan in Axis Bank (Axis Bank Loan EMI), it is going to be 11.08 percent. On taking a loan of 50 lakhs from this bank, the EMI is going to be Rs 57,081. However, the processing is digital and the service is fast.

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