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Education Loans: Your Path to Educational Excellence

Navigating the arena of education financing can be complex, but an education loan can open doors to your dream college or university not only in India but abroad. Guide Me Careers simplifies the complex world of education loans, helping you make informed choices that shape your educational path and ensure a bright future.

We've Got You Covered Under One Roof!

Empowering your academic ascent at every step, because your personalized education loan hub has everything you need!

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Estimate Your Repayments

Use our EMI Calculator to see what you'll pay each month for your education loan.

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Smart Choices

Easily compare loans, finding the best fit for your educational journey.

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Plan with Confidence

Our resources help you make informed decisions about education loans, shaping a brighter future

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Loan Eligibility Check

Determine your eligibility for various education loans effortlessly, ensuring a smooth application process

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Government Schemes

Explore available subsidy programs and schemes that can significantly ease your education loan burden

Loan Options from Leading Banks

At Guide Me Career, we not only provide guidance on scholarships but also simplify your journey through education loans. Discover a range of loan options offered by reputable banks. Our platform offers insights and assistance in choosing the right loan tailored to your needs. From interest rates to repayment plans, we've got you covered. Navigate the world of education loans confidently, ensuring a smooth pathway to your educational aspirations.

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Moratorium Benefit

Breathing Room for Repayment

Navigating loan repayment comes with a silver lining – the moratorium period. This grace period allows you to take a breather before you start making loan payments. In the meantime, you can focus on your studies or establish a stable financial base after graduation. To calculate your moratorium period, use the formula: [moratorium period] = [course duration] + [months after course completion]. Make the most of this flexibility as you begin your journey towards a successful career.

Bank Name Interest Rate Max Time Loan Type Scheme Apply
Bank Up to INR 7.50 Lacs: 10.55%Above INR 7.50 Lacs: 10.80% 15 years Student Padho Pardesh,CSIS,Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: MCLR + 2.00% above INR 7.5 Lacs: 2.60% 15 years Saraswat Padho Pardesh,CSIS,Skill Loan Scheme Apply
Bank 12.10%+ floating rate(depends on the risks points of the applicant) Loan amount upto INR 7.5 Lacs: 10 yearsLoan amount above INR 7.5 Lacs: 15 years HDFC Education CSIS Apply
Bank Upto 4 Lacs- 16.50% Upto 7.5 Lacs- 17.50% Above 7.5 Lacs- 15.50% 7 years Axis Education CSIS Apply
Bank up to INR 4 Lacs: 13.6% above INR 4 Lacs: 14.6%. 5-7 years ICICI Education Skill Loan Scheme, CSIS Apply
Bank Up to INR 7.5 Lacs: 10.70% Above INR 7.5 Lacs: 10.50% Up to INR 7.5 Lacs: 10 years Above INR 7.5 Lacs: 15 years IBA Model for India CSIS Padho Pardesh Apply
Bank 1 year MCLR Strategic Premium of 2% Up to INR 7.5 Lacs- 10 years Above INR 7.5 Lavs- 15 years Baroda Gyan CSIS Skill loan Scheme Padho Pardesh Apply
Bank For IIMs, ISBs, and XLRI: base rate+1.50%. For IITs, BITS, and other premier institutes: base rate+2.0%. For NITs and other reputed institutes: base rate+2.5%.For other colleges: base rate+3% 15 years Allahabad Education CSIS, Skill loan Scheme, Padho Pardesh Apply
Bank 12.50% 15 years IBA Model CSIS Skill Loan Scheme Padho Pardesh ACSISOBCEBC Subsidy Apply
Bank Up to INR 10 Lacs : 1 year MCLR+0.85% Above INR 10 Lacs:1 year MCLR+1.45% 15 years Non Vocational Course CSIS Skill Loan Scheme Apply
Bank Upto 7.5 Lacs: 11.10% Above 7.5 lacs: 13.30% 15 years KBL Vidya Nidhi Padho Pardesh CSIS Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: 11.50% to 24%. Above INR 7.5 Lacs, the RoI is 15.75%. 5-7 years Kotak Mahindra Education CSIS Skill Loan Scheme Padho Pardesh Apply
Bank For Category A: 1-year MCLR. For Category B: 1-year MCLR+0.50% For other institutes: Up to 7.5 Lacs- 1-year MCLR+2%.; Above 7.5 Lacs- 1-year MCLR+1.75% 15 years Oriental Education CSIS Apply
Bank up to INR 4 Lacs: 1-year MCLR+1.60%. 4 Lacs to 7.5 Lacs: 1-year MCLR+1.85%. above INR 7.5 Lacs: 1-year MCLR+2.85%. 15 years Synd Vidya CSIS Skill Loan Scheme Apply
Bank For IBA approved course: PLR-3.75=10.65%.For IBA non-approved courses: PLR-2.00=12.40% Maximum 12 years inclusive of moratorium period. Saraswat Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Up to INR 7.5 Lacs:1-year MCLR+2.00% Above INR 7.5 Lacs: 1-year MCLR+2.40% 15 Year UCO Education CSIS Skill Loan Scheme Apply
Bank Up to INR 4 Lacs:11.85%. From INR 4-7.5 Lacs:11.60% Above INR 7.5 Lacs: 10.70%. 15 Year Union Education CSIS Skill Loan Scheme CGFSEL Padho Pardesh Apply
Bank Up to 4 Lacs: 10.90% Between 4 Lacs and 7.5 Lacs : 10.90% Above 7.5 Lacs : 10.75% For students admitted to premier institutes : 8.75% 15 Year Vijaya IBA Model CSIS Skill Loan Scheme Apply
Bank Up to 4 Lacs : 12.75% Between 4 Lacs and 7.5 Lacs : 12.25% Above 7.5 Lacs 11.50% 15 Year Bank of Maharashtra Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Male students: 1-year MCLR+2.00% Female students and SC/ST community : 1-year MCLR+1.50% For IIT students: 1-year MCLR+1.50% 15 Year Cent Vidyarthi Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Bank approved Ed Institutes:8.30% Other institutes: 9.85% 15 Year Dena Vidya Laxmi Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank With Subsidy: 13.50% Without Subsidy: 15.25% N.A. Dhanlaxmi Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs:1-year MCLR+1.70% Above INR 7.5 Lacs: 1-year MCLR+2.50% 15 Years BOI Star Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 15.15% From INR 4 to 7.50 Lacs: 16.15% Above INR 7.50 Lacs: 14.15% 5-7 years RBL Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank 10.50% to 12% on all amounts. 7 years DNS Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 13.25% Above INR 4 Lacs 14.75% 5-7 years Special Vidya Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs : 10.95% Above INR 7.5 Lacs : 11.30% For vocational courses : 10.45% 15 Years Corp Vidya Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: 10.70% Above INR 7.5 Lacs: 11.70% For vocational course: 11.70% For the wards of staff members: 10.40% 5-7 Years Vidya Jyoti Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 10 Lacs: 11.75% Above INR 10 Lacs: 12.75% 15 Years Abhyudaya Higher Studies Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank MCLR + 2.5 % to MCLR +3.5% 15 Years SIB Vitjnan pradhan Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank 11% to 12% on all amount 10 Years GP Parsik Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank The bank?s current MLR is 12.25% For a loan up to INR 4 Lacs, the RoI is MLR+0.25% For a loan above INR 4 Lacs, the RoI is MLR+1.25% 1 to 7 years Pragathi Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Minimum: 11.85% Maximum: 12.35% 5 to 7 years Karur Vysya Education CSIS Skill Loan Scheme Apply
Bank Up to INR 4 Lacs : 12% Between INR 4 Lacs and INR 10 Lacs, the RoI is 12.5% Between INR 10 Lacs and INR 20 Lacs, the RoI is 13% 15 Years New India Cooperative Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Up to INR 7.5 Lacs : 1-year MCLR+2.00% Above INR 7.5 Lacs : 1-year MCLR+1.70%. 15 Years Andhra Higher Education CSIS Skill Loan Scheme Andhra Bank Education Loan Subsidy Scheme Padho Pradesh Apply
Bank Up to INR 7.5 Lacs is 1-year MCLR+2.00% The RoI for loan above INR 7.5 Lacs is 1-year MCLR+1.50% 15 Years PSB Model Education CSIs Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 13.05% Between INR 4 Lacs to INR 7.5 Lacs : 14.75% Above INR 7.5 Lacs : 13.75% 15 Years TMB Education CSIS Padho Pradesh Apply
Bank Upto INR 5 Lacs:12.25% From INR 5 to 10 Lacs:13.25% Above INR 10 Lacs:14.00% 15 Years J&K Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Upto INR 7.50 lac : 11.05% Above INR 7.50 lac : 11.00% 15 Years UBI Education CSIS Padho Pradesh Apply
Bank Up to INR 10 Lacs: 12.75%-14.00% Above INR 10 Lacs: 11.75%-13.75% 10-15 years InCred Education None Apply
Bank Ranges between 12.70%-14.50% 5-7 years Auxilo Education None Apply
Bank Ranges between 10%-16.50% 10 years Avanse Education None Apply
Bank 12.99% onwards 5 years Bajaj Finance Education None Apply
Bank 11%-15% 5-7 years Tata Capital Education None Apply
Bank 15%-40% 20 years Fullerton Education None Apply
Bank Domestic Undergraduate Loan is 9.99% Domestic Graduate Loan is 7.99% International Undergraduate Loan is 13.99% International Graduate Loan is 11.99% Repayment of interest and principal over a ten-year period begins six months after graduation. MPower Financing Education Loan None Apply
Bank APR ranges from 6.7% to 11% 7,10,15,20 years Prodigy Finance Education None Apply
Bank 12.99% 5 years Propelld Education Loan None Apply
Bank Name Interest Rate Max Time Loan Type Scheme Apply
Bank Up to INR 7.50 Lacs: 10.55%Above INR 7.50 Lacs: 10.80% 15 years Student Padho Pardesh,CSIS,Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: MCLR + 2.00% above INR 7.5 Lacs: 2.60% 15 years Saraswat Padho Pardesh,CSIS,Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: 10.70% Above INR 7.5 Lacs: 10.50% Up to INR 7.5 Lacs: 10 years Above INR 7.5 Lacs: 15 years IBA Model for India CSIS Padho Pardesh Apply
Bank 1 year MCLR Strategic Premium of 2% Up to INR 7.5 Lacs- 10 years Above INR 7.5 Lavs- 15 years Baroda Gyan CSIS Skill loan Scheme Padho Pardesh Apply
Bank For IIMs, ISBs, and XLRI: base rate+1.50%. For IITs, BITS, and other premier institutes: base rate+2.0%. For NITs and other reputed institutes: base rate+2.5%.For other colleges: base rate+3% 15 years Allahabad Education CSIS, Skill loan Scheme, Padho Pardesh Apply
Bank 12.50% 15 years IBA Model CSIS Skill Loan Scheme Padho Pardesh ACSISOBCEBC Subsidy Apply
Bank For Category A: 1-year MCLR. For Category B: 1-year MCLR+0.50% For other institutes: Up to 7.5 Lacs- 1-year MCLR+2%.; Above 7.5 Lacs- 1-year MCLR+1.75% 15 years Oriental Education CSIS Apply
Bank The bank?s current MLR is 12.25% For a loan up to INR 4 Lacs, the RoI is MLR+0.25% For a loan above INR 4 Lacs, the RoI is MLR+1.25% 1 to 7 years Pragathi Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs : 1-year MCLR+2.00% Above INR 7.5 Lacs : 1-year MCLR+1.70%. 15 Years Andhra Higher Education CSIS Skill Loan Scheme Andhra Bank Education Loan Subsidy Scheme Padho Pradesh Apply
Bank Up to INR 7.5 Lacs is 1-year MCLR+2.00% The RoI for loan above INR 7.5 Lacs is 1-year MCLR+1.50% 15 Years PSB Model Education CSIs Skill Loan Scheme Apply
Bank Upto INR 7.50 lac : 11.05% Above INR 7.50 lac : 11.00% 15 Years UBI Education CSIS Padho Pradesh Apply
Bank Name Interest Rate Max Time Loan Type Scheme Apply
Bank 12.10%+ floating rate(depends on the risks points of the applicant) Loan amount upto INR 7.5 Lacs: 10 yearsLoan amount above INR 7.5 Lacs: 15 years HDFC Education CSIS Apply
Bank Upto 4 Lacs- 16.50% Upto 7.5 Lacs- 17.50% Above 7.5 Lacs- 15.50% 7 years Axis Education CSIS Apply
Bank up to INR 4 Lacs: 13.6% above INR 4 Lacs: 14.6%. 5-7 years ICICI Education Skill Loan Scheme, CSIS Apply
Bank Up to INR 10 Lacs : 1 year MCLR+0.85% Above INR 10 Lacs:1 year MCLR+1.45% 15 years Non Vocational Course CSIS Skill Loan Scheme Apply
Bank Upto 7.5 Lacs: 11.10% Above 7.5 lacs: 13.30% 15 years KBL Vidya Nidhi Padho Pardesh CSIS Skill Loan Scheme Apply
Bank Up to INR 7.5 Lacs: 11.50% to 24%. Above INR 7.5 Lacs, the RoI is 15.75%. 5-7 years Kotak Mahindra Education CSIS Skill Loan Scheme Padho Pardesh Apply
Bank With Subsidy: 13.50% Without Subsidy: 15.25% N.A. Dhanlaxmi Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 15.15% From INR 4 to 7.50 Lacs: 16.15% Above INR 7.50 Lacs: 14.15% 5-7 years RBL Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 13.25% Above INR 4 Lacs 14.75% 5-7 years Special Vidya Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank MCLR + 2.5 % to MCLR +3.5% 15 Years SIB Vitjnan pradhan Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Minimum: 11.85% Maximum: 12.35% 5 to 7 years Karur Vysya Education CSIS Skill Loan Scheme Apply
Bank Up to INR 4 Lacs: 13.05% Between INR 4 Lacs to INR 7.5 Lacs : 14.75% Above INR 7.5 Lacs : 13.75% 15 Years TMB Education CSIS Padho Pradesh Apply
Bank Upto INR 5 Lacs:12.25% From INR 5 to 10 Lacs:13.25% Above INR 10 Lacs:14.00% 15 Years J&K Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Name Interest Rate Max Time Loan Type Scheme Apply
Bank For IBA approved course: PLR-3.75=10.65%.For IBA non-approved courses: PLR-2.00=12.40% Maximum 12 years inclusive of moratorium period. Saraswat Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Up to INR 10 Lacs: 11.75% Above INR 10 Lacs: 12.75% 15 Years Abhyudaya Higher Studies Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank 11% to 12% on all amount 10 Years GP Parsik Education Padho Pradesh, CSIS, Skill Loan Scheme Apply
Bank Up to INR 4 Lacs : 12% Between INR 4 Lacs and INR 10 Lacs, the RoI is 12.5% Between INR 10 Lacs and INR 20 Lacs, the RoI is 13% 15 Years New India Cooperative Education CSIS Skill Loan Scheme Padho Pradesh Apply
Bank Name Interest Rate Max Time Loan Type Scheme Apply
Bank Up to INR 10 Lacs: 12.75%-14.00% Above INR 10 Lacs: 11.75%-13.75% 10-15 years InCred Education None Apply
Bank Ranges between 12.70%-14.50% 5-7 years Auxilo Education None Apply
Bank Ranges between 10%-16.50% 10 years Avanse Education None Apply
Bank 12.99% onwards 5 years Bajaj Finance Education None Apply
Bank 15%-40% 20 years Fullerton Education None Apply
Bank Domestic Undergraduate Loan is 9.99% Domestic Graduate Loan is 7.99% International Undergraduate Loan is 13.99% International Graduate Loan is 11.99% Repayment of interest and principal over a ten-year period begins six months after graduation. MPower Financing Education Loan None Apply
Bank APR ranges from 6.7% to 11% 7,10,15,20 years Prodigy Finance Education None Apply
Bank 12.99% 5 years Propelld Education Loan None Apply

Disclaimer: The information provided on this education loan portal is intended for general guidance and informational purposes only. Please note that bank interest rates and policies related to education loans are subject to periodic updates and changes. It is advisable to verify and confirm the latest terms, conditions, and rates with your respective bank before making any financial commitments or decisions based on the information presented here. We do not assume any liability for inaccuracies, discrepancies, or changes in the bank's policies and rates.

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Get Education Loan to Invest in Your Dreams Without Draining Savings

Instead of using up your hard-earned savings, opt for an education loan to secure your academic future. Education loans offer a smart strategy to achieve your educational aspirations while safeguarding your financial stability. These loans are designed to match your budget, with attractive interest rates and flexible repayment plans that give you financial freedom. By opting for an education loan, you ensure the protection of your savings for future needs, maintain your financial balance and even avail tax benefits. This opportunity allows you to pursue a quality education both in India and abroad, while being in line with your financial objectives. Make a judicious choice of education loan to lay the foundation for a prosperous journey ahead.

Why Education Loans?
  • Customized Plans for Every Budget:Banks can tailor an education loan plan to match your financial needs, making it easier for you to save and manage your expenses.
  • Keep Your Savings Intact:Save your savings for future goals like marriages or retirements. Let the bank cover your education expenses.
  • Low Interest Rates and Flexible Repayment Terms:Due to intense competition, banks offer attractive interest rates and flexible repayment options.
  • Hassle-free Disbursal:Banks now offer streamlined loan procedures, making the process hassle-free and efficient.
  • Tax Benefits on Interest Payments:Avail of tax deductions under Section 80E of the Income Tax Act, 1961, for the interest on your education loan EMIs.
  • Access to Quality Education:Gain entry to prestigious institutions without financial stress. Let education loans guide your way to academic excellence both in India and abroad.
  • Global Study Opportunities:Seamlessly pursue education abroad. Unlock the door to global education with well-structured education loans.

How to Apply for an Education Loan

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Secure Your Admission Letter

Start by obtaining your admission letter from the college you're aspiring to join.

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Complete the Loan Application Form

Fill out the loan application form provided by the bank.

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Submit Required Documents

Submit the necessary documents according to the specific loan scheme you're applying for.

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Loan Approval and Disbursement

Once approved, you'll receive a demand draft or direct credit to your account.

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Scholarships and Financial Aid

We believe that education should be accessible to everyone and scholarships are vital to achieve this. Take advantage of endless scholarship and financial aid possibilities through our platform. We are here to guide you through the process of applying for scholarships, grants and financial aid programs that can significantly reduce the cost of education. Explore diverse avenues to finance your academic pursuits while ensuring that quality education remains accessible.

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