Following is the list of India's largest student loan providers. They offer loan to parents and students for higher education purpose. In these providers include the companies of both public and private banking sectors. In 1960, there was only few public sector banks providers but now, there are 35 Top banking companies who are the providers of student loan.
1st Andhra Bank
Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs. The scheme will apply to deserving/ meritorious students who wish to pursue studies abroad. Students can take loan for Graduation and post graduation – For job oriented profession/ technical courses offered by reputed universities.
2nd Allahabad Bank
Need based finance subject to repaying capacity of the parents / students with following ceilings:
Studies in India: Maximum Rs 10.00 lacs
Studies abroad: Maximum Rs. 20.00 lacs.
Repayment Holiday / Moratorium is Course Period + 1 year or 6 months after getting job, whichever is earlier. Loan to be repaid within a maximum period of 7 years after commencement of repayment.
3rd Axis Bank
Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad. The loan would be provided to students who have obtained admission to career-oriented courses eg, medicine, engineering, management etc., either at the graduate or post-graduate level.
4th Bank of Baroda
Education is the most important investment one makes in life. Higher studies and specialization in certain fields call for additional financial support from time to time.
Whether you are planning school education (nursery to standard XII) of your child, pursuing a graduate or post-graduate degree, the Bank of Baroda Education Loans, can help finance your ambitions and goals.
5th Bank Of India
The Star Educational Loan Scheme aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions.
6th Bank of Maharashtra
Rate of Interest
Loans up to Rs. 4.00 lac (BPLR – 2.00%)
Loans above Rs. 4.00 lac (BPLR - 1.25%)
Student can apply education loan in online mode through our website. This Facility is presently available only in selected 75 branches
7th Canara Bank
Financial assistance to needy and meritorious Indian students for pursuing studies from High School onwards including graduation, technical and professional courses.
Loans are also provided for study abroad for job oriented courses at degree level and advanced studies in all areas for post-graduation.
For payment of fees to school/college and for purchase of books, hostel fees, examination fees, etc.
8th. Central Bank of India
For payment of Hostel fee caution deposit, refundable deposit, admission, examination, library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated). One-way air passage in case of studies abroad. Reimbursement of admission fee books airfare etc., if already incurred, within 1 month for studies in India / 6 weeks for abroad. Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis.
9th. Centurion Bank of Punjab
For payment of Hostel fee caution deposit, refundable deposit, admission, examination, library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated). One-way air passage in case of studies abroad. Reimbursement of admission fee books airfare etc., if already incurred, within 1 month for studies in India / 6 weeks for abroad. Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis.
10th. City Union Bank
The Educational Loan Scheme aims to provide financial support to deserving/meritorious students for pursuing higher education in India and abroad. The Scheme also aims to provide financial assistance to the needy poor to undertake basic education. Need based finance subject to the repayment capacity of parents/guardian subject to
a) Max. upto Rs.10 Lakhs for studies in India.
b) Max. upto Rs.20.00 Lakhs for studies abroad.
11th. Corporation Bank
12th. Credila Financial Services
It doesn’t cost you anything to apply online to Credila. It just takes
5 minutes of your time!
13th. Dena Bank
Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan.
14th. Development Credit Bank
Educational Loans for providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad.
Post graduation courses from recognised universities
Professional courses from reputed institutes:.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.
Courses conducted by CIMA – London, CPA – USA, etc.,
Courses in Universities which take admissions through TOEFL,GMAT,GRE,SAT exams
Only one course at a time will be financed
15th. Dhanalakshmi Bank
16th. HDFC Bank
17th. HSBC
HSBC India Student Education Loan Program can help ease students' financial concerns as they embark on one of the biggest decisions in their life – attending the college / university of their dreams. The program enables you to borrow funds to cover the cost of education – tuition, fees, room charges, boarding, books, and other education-related expenses.
18th. Indian Bank
19th. IDBI Bank
Education loans from IDBI Bank aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing.
20th. Karnataka Bank
Vidyanidhi Education loan scheme
21st. Oriental Bank of Commerce
Air fare for joining the course abroad, Boarding & lodging expenses of hostel/boarding houses, where charges are standardized and paid to the Management of the Boarding House. Any other expenses required to complete the course like study tours, project work, thesis etc. Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR institutes recognized by a statutory body.
22nd. Punjab & Sind Bank
The educational loan scheme outlined below aims at providing financial support from the banking system to deserving and / meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to peruse education with the financial support from the banking system with affordable terms and conditions. No deserving student is denied an opportunity to peruse higher education for want of financial support.
23rd. Punjab National Bank
The Scheme aims at providing financial assistance to deserving / meritorious students pursuing higher education in India or abroad. viz., Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters & Ph.D; Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc., Computer Certificate courses of reputed Institutes accredited to Department of Electronics or institutes affiliated to University; Courses like ICWA, C.A., CFA, etc., courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc., Regular Diploma/Degree courses conducted by Colleges/Universities approved by UGC/Govt./AICTE/AIBMS/ICMR, Regular Degree / Diploma courses like Aeronautical, Pilot training, Shippling etc. approved by DGCA/ etc., Courses offered by National Institutes and other reputed Private Institutes.
24th. State Bank of Bikaner & Jaipur
To extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India & Abroad. Need based finance subject to repaying capacity of the parents / students.-
Studies in India - Maximum Rs.10.00 lacs
Studies abroad - Maximum Rs.20.00 lacs
25th. State Bank of Hyderabad
26th. State Bank of India (SBI)
SBI Student Loan Scheme
Loan Amount Rate of Interest
Loans upto Rs. 4.00 Lacs 0.50% below SBAR i.e. 11.25% p.a.
Loans above Rs. 4.00 Lacs and
upto Rs. 7.50 Lacs 1.00% above SBAR i.e. 12.75% p.a.
Loans above Rs. 7.50 Lacs At SBAR i.e. 11.75% p.a.
27th. State Bank of Indore
28th. State Bank of Mysore
To enable students with academic brilliance to meet tuition and other fees / maintenance costs / books and equipment and cost of passage for studies abroad etc., for pursuing studies at recognized school / college / institution.
Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university
29th. State Bank of Patiala
30th. State Bank of Travancore
To meet the tuition and other fees\Examination\Library\Laboratory fee, cost of books\purchase of Computers\equipments\instruments\uniforms and the cost of passage for studies abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the Tuition Fee. Any other expenses required to complete the course like study, tours, project work, thesis etc. also be financed.
31st. Syndicate Bank
SyndicateBank's involvement in education dates back to the decades prior to the Nationalization of Banks. The Bank was also the first to set up a string of Rural Training Institutes aimed at empowering the young India in rural areas through entrepreneurial education and training.
Continuing this commitment to education, the Bank has introduced a comprehensive Education Loan Scheme-SyndVidya, which is more student responsive and parent friendly. The Scheme covers the entire spectrum of educational needs from the school education to super specialty courses including overseas courses. The scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, caution deposit/building fund/refundable deposit upto 10% of tuition fee, Cost of Books, Equipments, Travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered. The loan scheme carries liberal limits of Rs.10.00 lac for courses within the country and Rs.20.00 lac for overseas courses.
32nd. Tamil Nadu Mercantile Bank Ltd
This is scheme of choice for parents who wish to educate their children in professional courses in India / Abroad and help them get graduation / post graduation in any field of choice of the student. The cost of the education can be born by the loan from our bank.
33rd. UCO Bank
34th. Union Bank of India
35th. Vijaya Bank
Eligibility
Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process. However there is no age restriction for the applicant.
1st Andhra Bank
Need based finance subject to repaying capacity of the parents/ students with a maximum of Rs. 10.00 lacs. The scheme will apply to deserving/ meritorious students who wish to pursue studies abroad. Students can take loan for Graduation and post graduation – For job oriented profession/ technical courses offered by reputed universities.
2nd Allahabad Bank
Need based finance subject to repaying capacity of the parents / students with following ceilings:
Studies in India: Maximum Rs 10.00 lacs
Studies abroad: Maximum Rs. 20.00 lacs.
Repayment Holiday / Moratorium is Course Period + 1 year or 6 months after getting job, whichever is earlier. Loan to be repaid within a maximum period of 7 years after commencement of repayment.
3rd Axis Bank
Axis Bank's Study Power aims to provide financial support to deserving students for pursuing higher professional or technical education in India and abroad. The loan would be provided to students who have obtained admission to career-oriented courses eg, medicine, engineering, management etc., either at the graduate or post-graduate level.
4th Bank of Baroda
Education is the most important investment one makes in life. Higher studies and specialization in certain fields call for additional financial support from time to time.
Whether you are planning school education (nursery to standard XII) of your child, pursuing a graduate or post-graduate degree, the Bank of Baroda Education Loans, can help finance your ambitions and goals.
5th Bank Of India
The Star Educational Loan Scheme aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions.
6th Bank of Maharashtra
Rate of Interest
Loans up to Rs. 4.00 lac (BPLR – 2.00%)
Loans above Rs. 4.00 lac (BPLR - 1.25%)
Student can apply education loan in online mode through our website. This Facility is presently available only in selected 75 branches
7th Canara Bank
Financial assistance to needy and meritorious Indian students for pursuing studies from High School onwards including graduation, technical and professional courses.
Loans are also provided for study abroad for job oriented courses at degree level and advanced studies in all areas for post-graduation.
For payment of fees to school/college and for purchase of books, hostel fees, examination fees, etc.
8th. Central Bank of India
For payment of Hostel fee caution deposit, refundable deposit, admission, examination, library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated). One-way air passage in case of studies abroad. Reimbursement of admission fee books airfare etc., if already incurred, within 1 month for studies in India / 6 weeks for abroad. Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis.
9th. Centurion Bank of Punjab
For payment of Hostel fee caution deposit, refundable deposit, admission, examination, library, laboratory, cost of books, equipments, uniforms, computer (Hypothecated). One-way air passage in case of studies abroad. Reimbursement of admission fee books airfare etc., if already incurred, within 1 month for studies in India / 6 weeks for abroad. Repayment to commence 12 months after completion of studies or 6 months after securing jobs whichever is earlier. Maximum period 5 to 7 years. Repayment on EMI basis.
10th. City Union Bank
The Educational Loan Scheme aims to provide financial support to deserving/meritorious students for pursuing higher education in India and abroad. The Scheme also aims to provide financial assistance to the needy poor to undertake basic education. Need based finance subject to the repayment capacity of parents/guardian subject to
a) Max. upto Rs.10 Lakhs for studies in India.
b) Max. upto Rs.20.00 Lakhs for studies abroad.
11th. Corporation Bank
12th. Credila Financial Services
It doesn’t cost you anything to apply online to Credila. It just takes
5 minutes of your time!
13th. Dena Bank
Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan.
14th. Development Credit Bank
Educational Loans for providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad.
Post graduation courses from recognised universities
Professional courses from reputed institutes:.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.
Courses conducted by CIMA – London, CPA – USA, etc.,
Courses in Universities which take admissions through TOEFL,GMAT,GRE,SAT exams
Only one course at a time will be financed
15th. Dhanalakshmi Bank
16th. HDFC Bank
17th. HSBC
HSBC India Student Education Loan Program can help ease students' financial concerns as they embark on one of the biggest decisions in their life – attending the college / university of their dreams. The program enables you to borrow funds to cover the cost of education – tuition, fees, room charges, boarding, books, and other education-related expenses.
18th. Indian Bank
19th. IDBI Bank
Education loans from IDBI Bank aim at providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad. With an array of courses to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing.
20th. Karnataka Bank
Vidyanidhi Education loan scheme
21st. Oriental Bank of Commerce
Air fare for joining the course abroad, Boarding & lodging expenses of hostel/boarding houses, where charges are standardized and paid to the Management of the Boarding House. Any other expenses required to complete the course like study tours, project work, thesis etc. Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR institutes recognized by a statutory body.
22nd. Punjab & Sind Bank
The educational loan scheme outlined below aims at providing financial support from the banking system to deserving and / meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student though poor is provided with an opportunity to peruse education with the financial support from the banking system with affordable terms and conditions. No deserving student is denied an opportunity to peruse higher education for want of financial support.
23rd. Punjab National Bank
The Scheme aims at providing financial assistance to deserving / meritorious students pursuing higher education in India or abroad. viz., Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters & Ph.D; Professional courses, Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc., Computer Certificate courses of reputed Institutes accredited to Department of Electronics or institutes affiliated to University; Courses like ICWA, C.A., CFA, etc., courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc., Regular Diploma/Degree courses conducted by Colleges/Universities approved by UGC/Govt./AICTE/AIBMS/ICMR, Regular Degree / Diploma courses like Aeronautical, Pilot training, Shippling etc. approved by DGCA/ etc., Courses offered by National Institutes and other reputed Private Institutes.
24th. State Bank of Bikaner & Jaipur
To extend financial assistance to all eligible / deserving / meritorious students for pursuing higher education in India & Abroad. Need based finance subject to repaying capacity of the parents / students.-
Studies in India - Maximum Rs.10.00 lacs
Studies abroad - Maximum Rs.20.00 lacs
25th. State Bank of Hyderabad
26th. State Bank of India (SBI)
SBI Student Loan Scheme
Loan Amount Rate of Interest
Loans upto Rs. 4.00 Lacs 0.50% below SBAR i.e. 11.25% p.a.
Loans above Rs. 4.00 Lacs and
upto Rs. 7.50 Lacs 1.00% above SBAR i.e. 12.75% p.a.
Loans above Rs. 7.50 Lacs At SBAR i.e. 11.75% p.a.
27th. State Bank of Indore
28th. State Bank of Mysore
To enable students with academic brilliance to meet tuition and other fees / maintenance costs / books and equipment and cost of passage for studies abroad etc., for pursuing studies at recognized school / college / institution.
Diploma / Graduate / Post-graduate courses in the faculties of Engineering, Technology, Architecture, Medicine, Dental Science, Agricultural Science, Veterinary Science and Computer Certificate courses of reputed institutes accredited to department of electronics or affiliated to university
29th. State Bank of Patiala
30th. State Bank of Travancore
To meet the tuition and other fees\Examination\Library\Laboratory fee, cost of books\purchase of Computers\equipments\instruments\uniforms and the cost of passage for studies abroad. Caution Deposit, Building Fund, Refundable deposit subject to 10% of the Tuition Fee. Any other expenses required to complete the course like study, tours, project work, thesis etc. also be financed.
31st. Syndicate Bank
SyndicateBank's involvement in education dates back to the decades prior to the Nationalization of Banks. The Bank was also the first to set up a string of Rural Training Institutes aimed at empowering the young India in rural areas through entrepreneurial education and training.
Continuing this commitment to education, the Bank has introduced a comprehensive Education Loan Scheme-SyndVidya, which is more student responsive and parent friendly. The Scheme covers the entire spectrum of educational needs from the school education to super specialty courses including overseas courses. The scheme makes available need based finance to cover expenses related to education such as fees payable to College, Hostel, Examination, Library, Laboratory fees, caution deposit/building fund/refundable deposit upto 10% of tuition fee, Cost of Books, Equipments, Travel expenses for studies abroad etc. Only capitation fees, donation or external coaching fee are not covered. The loan scheme carries liberal limits of Rs.10.00 lac for courses within the country and Rs.20.00 lac for overseas courses.
32nd. Tamil Nadu Mercantile Bank Ltd
This is scheme of choice for parents who wish to educate their children in professional courses in India / Abroad and help them get graduation / post graduation in any field of choice of the student. The cost of the education can be born by the loan from our bank.
33rd. UCO Bank
34th. Union Bank of India
35th. Vijaya Bank
Eligibility
Student should be an Indian National and should have secured admission to the relevant Professional/ Technical courses in India or Abroad through Entrance Test/ Merit Based Selection process. However there is no age restriction for the applicant.
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