Know More About Education Loan for UK Now.

Updated on Aug 30, 2024
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Table of Contents

1 Educational Loan Options - Without Collateral

Features

Public Banks

Private Banks

NBFCs

Lenders

SBI, Bank of Baroda,Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, Bank Of India, Central Bank of India,Allahabad Bank etc

Axis Bank, ICICI, HDFC, HSBC

Avanse, Incred, HDFC Credila

Loan Amount (INR)

Do not offer unsecured loans more than INR 7.5L for the UK

Do not offer unsecured loans more than INR 7.5L for the UK

Upto INR 25 lacs

Interest Rates 

6.55% to 10.05%

9.55% to 16%

13.5%-16%

2 Educational Loan Options - With Collateral

Features

Public Banks

Private Banks

NBFCs

Lenders

SBI, Bank of Baroda,Punjab National Bank, Punjab & Sind Bank, Syndicate Bank, Bank Of India, Central Bank of India,Allahabad Bank etc

Axis Bank, ICICI, HDFC, HSBC

Avanse, Incred, HDFC Credila

Loan Amount (INR)

Upto 1.5 Crores, depending upon the collateral value

Upto 50 lakhs depending upon collateral value and co-applicants income

Upto INR 50 lacs

Interest Rates 

8.85% - 9.75%

11% -12%

12.5%-15%

Processing Fees (INR):  Approximately 10,000/- + GST + Property Evaluation charges

Upto 20 lakhs : Rs. 15000/- (refundable) 

More than 20 lakhs: Rs. 750/- on every lakh above 20 lakhs +  + Property Evaluation charges

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