education loan, do you want to study abroad? Get a loan at gummy interest! – these banks giving education loan with low interest rate check details inside

Education is essential for a prosperous life. Education is wealth. Money should not be a barrier to achieving that education. The cost of education is very high nowadays. It is no longer the case that only the affluent can pursue higher education. Anyone can read it.

Banks themselves help to meet the cost of education. Education loans are now widely available. Education loans can be taken not only in India but also for studying abroad. India’s leading banks offer education loans at low interest rates. If you are also taking an education loan, you can compare the interest and EMI.

For example, let’s say you take an education loan of Rs.7 lakh. Here is the calculation of interest and EMI at various banks if the repayment period is 7 years.

Central Bank

Interest – 6.95%
EMI – Rs.30,136

State Bank of India

Interest – 7%
EMI – Rs.30,185

Union Bank of India

Interest – 7%
EMI – Rs.30,185

Indian Overseas Bank

Interest – 7.25%
EMI – Rs.30,430

Indian Bank

Interest – 7.40%
EMI – Rs.30,578

Bank of Baroda

Interest – 7.45%
EMI – Rs.30,627

IDBI Bank

Interest – 7.50%
EMI – Rs.30,677

Punjab National Bank

Interest – 7.65%
EMI – Rs.30,825

Bank of India

Interest – 7.75%
EMI – Rs.30,924

Canara Bank

Interest – 7.80%
EMI – Rs.30,974

Bank of Maharashtra

Interest – 7.85%
EMI – Rs.31,023

Punjab & Sind Bank

Interest – 7.90%
EMI – Rs.31,073

UCO Bank

Interest – 8.20%
EMI – Rs.31,372

South Indian Bank

Interest – 8.95%
EMI – Rs.32,127

ICICI Bank

Interest – 9.25%
EMI – Rs.32,432

J&K Bank

Interest – 9.35%
EMI – Rs.32,535

Karnataka Bank

Interest – 10.37%
EMI – Rs.33,586

Federal Bank

Interest – 10.95%
EMI – Rs.34,192

Thanalakshmi Bank

Interest – 11%
EMI – Rs.34,245

Karur Vysya Bank

Interest – 11.50%
EMI – Rs.34,773

Axis Bank

Interest – 13.70%
EMI – Rs.37,149

City Union Bank

Interest – 14.25%
EMI – Rs.37,757