Most common Study Abroad Loans Questions

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Which bank has the lowest interest for abroad education loans?

As an Indian student, if you’re looking to study abroad, you’ll want to find a bank with the lowest interest rate for an education loan. While there are many different banks to choose from, we’ve compiled a list of the five best options for study abroad loans, based on interest rates and other factors.

1. HDFC Bank: HDFC Bank offers education loans at an interest rate of 10.75% for students studying in India and 11.25% for students studying abroad. They also offer a variety of repayment options, making it a flexible option for borrowers.

2. Axis Bank: Axis Bank offers education loans at an interest rate of 11.5% for both students studying in India and those studying abroad. They offer a variety of repayment options, making them a flexible option for borrowers.

3. ICICI Bank: ICICI Bank offers education loans at an interest rate of 11.75% for students studying in India and 12.25% for students studying abroad. They offer a variety of repayment options, making them a flexible option for borrowers.

4. SBI: SBI offers education loans at an interest rate of 11.9% for students studying in India and 12.4% for students studying abroad. They offer a variety of repayment options, making them a flexible option for borrowers.

5. PNB: PNB offers education loans at an interest rate of 12.0% for students studying in India and 12.5% for students studying abroad. They offer a variety of repayment options, making them a flexible option for borrowers.

So clearly unexpectedly, a private giant HDFC, is a winner here. You all have thought that it was SBI,  right? This was shocking for many of us.

Which bank is best for education loans for abroad studies without collateral?

The cost of studying abroad is no joke. But don’t worry, we’re here to help you find the best education loan for your needs. If you’re an Indian student looking to study abroad, you’ll need to take out a loan to cover the costs. But which bank is best for an education loan without collateral?

After seeing the Interest rates, this answer may surprise you. It turns out that the best bank for an education loan without collateral is the State Bank of India (SBI). SBI offers an education loan of up to Rs. 30 lakhs for Indian students studying abroad. The best part? You don’t need any collateral to qualify for the loan.

So if you’re looking for an education loan without collateral, SBI is your best bet.

 

Which bank gives study loans easily?

Everyone wants a loan but no one wants to buy the loan. Here I mean that we want the process to happen easily. As a student looking to study abroad, you may be wondering which bank gives study loans easily.

The answer may surprise you! While most Indian banks require a co-signer for study loans, there are a few that don’t.

Here also the award goes to again, The State Bank of India, for instance, offers study loans without a co-signer for Indian students studying abroad. So, if you’re an Indian student looking for a study loan, still feel blessed that we have the State Bank of India! whereas many other nations still lack a strong banking structure like ours.

With EduCred, we are committed to getting you the best deal as per your condition and requirements. We deal with you so that you get the best terms for your loan with your job only left to study and score in the entrance examination.

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