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Education Loan for Germany

Updated on Nov 15, 2022
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Numerous students choose to study abroad in order to obtain a better education. Education loans are considered one of the best ways to cover the cost of studying abroad. As the number of outbound students grows, numerous banks offer low-interest education loans for international studies. Below is the comprehensive information containing the list of interest rates provided by banks.

The interest rate on a German educational loan typically runs from 8.85 % to 16 %. The actual interest rate is determined by the student's profile.

Educational Loan Options - Without Collateral 

 Public Banks: 10%-11%

Private Banks: 11.25%-12%

Educational Loan Options - With Collateral 

Public Banks : 8.85%-10.25%

Private Banks: 11%-13.5%

Here are some education loans and interest rates for Germany 

Bank 

Interest Rates

SBI

10.80% to 12.50%

ICICI

12.25% to 14.25%

PNB

10.35% to 12.25%

Credila

13% to 16%

Avanse 

12% to 16%

InCred

11.75% - 16%

Axis

10.5% to 15%

MPOWER Financing 

11.99% to 13.99%

IDFC

12.25% to 14.25%

Bank of Baroda

7.85% to 9.85%

HDFC

9.55% to 13.25%

Tata Capital Education Loan

10.99% onwards

Union Bank of India

8.80% to 10.05%

Kotak Mahindra Bank

Up to 16%

Federal Bank

10.05% onwards

Bank of India

9.05% onwards

Canara Bank

8.50% onwards

Indian Overseas Bank

10.65% onwards

UCO Bank

9.30% onwards

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