Why to Choose LoanKorner?

LoanKorner.com is your guide to hassle-free Education Loan. We Help You Borrow Right !

Personalised Service

Our trained Relationship Managers will understand your requirements and your profile and help you find the most suitable Education Loan offer.

Zero Charges

LoanKorner offers personalised service to its customers at zero fees. Use our services to find the right Education Loan deal at no extra cost.

1,50,000+ Happy Customers

Our customers found LoanKorner easy & efficient to use, when they really needed Education Loan for Study in Abroad or in India.

Exclusive Offers & Rates

Our objective is to simplify your Loan search and we provide information in an unbiased and transparent manner

Education Loan EMI Calculator

Our Education Loan EMI Calculator is easy to use and quick to perform. You can calculate EMI of all banks education loan in India.

24x7 Support System

We offer 24×7 assistance and dedicated customer support system to loan borrower in India

Online Loan Application Form

Education Loan - SBI, HDFC Bank, All Banks

Key Features & Benefits of Education Loan

  • Rates as low as 9.33%*
  • Loan for 1000 + Courses
  • We cover 35 + Countries
  • Pre-Approved Loan Before Admission
  • Loan up to 100% of Educational Expenses
  • Get income tax benefits under Section 80(E) of Income Tax Act of India
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Testimonials

Don’t just take it from us, let our customers do the talking!
  • Obviously, I am writing this review because Team LoanKorner delivered on their promise to fund my loan and finally take me out of the cycle of the higher cost loan products that had plagued me and my business. Bharat Shukla and his staff were diligent in keeping me apprised of the status of my request, throughout the underwriting and approval process, and they provided me honest, direct feedback, every step of the way.
    Thanks again!

    Nitin Talwar
    CFO - Yepme.com
  • Recently I had a emergency and needed to get help quick for my Home Loan Balance Transfer. I went to their website which was clear and informative, filled out the quick and easy application and their representative were courteous, quick, and very helpful.
    Thank you Team LoanKorner for being there.

    Satish M
    Senior Manager - Accenture Services Pvt. Ltd.
  • Thank You Mr. Bharat Shukla for the splendid effort put in by you and your team in getting my home loan through. It was not an easy transaction but still you and your team made it quite easy and simple for us and also helped us achieve it in quick time. I must say that you and your entire team have been super responsive and always available, including weekends. In fact the transaction was closed late on a Saturday evening. Thanks a lot to all of you!!
    Really appreciate all the effort.

    V.V. Upadhyay
    Deputy Director - IGNOU
  • Very user-friendly service and quick response time. LoanKorner team on the phone stayed with me until my application was complete. This expedited the process and gave me confidence. He was well equipped to answer my questions. Also, my loan was paid out within a week. That was fabulous.
    Again, a hassle-free experience!
    Thanks Team LoanKorner!!!

    Raj Kamal Sharma
    Senior Manager - Zee Entertainment
  • I have approached LoanKorner.com for my home loan, car loan and personal loan need. My experience for all three requirement has been brilliant. Since all three departments are separate I did not hope that there would be any connection to make documentation easy but to my surprise all there staff is very well trained and they have proper knowledge about the product and work. My entire process was done in 1 week and I got funds for my respective need.
    Excellent services and prompt action.
    Keep up the good work Team LoanKorner

    Sachin Kalra
    Senior Manager - Sapient
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Our Banking Partners

We work with India’s top banks & NBFCs
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Education Loan Knowledgebase

Top Education Loan Providers in India to Study Abroad

Name of Bank Loan Amount Rate of Interest per Annum
State Bank of India 20 lakhs Upto 7.5 lakhs- 11.01%

Above 7.5 lakhs- 10.75%

Allahabad Bank 50 lakhs Upto 4 lakhs- 11.45%

Upto 7.5 lakhs- 11.45%

Above 7.5 lakhs- 10.95%

Axis Bank 20 lakhs and beyond depending on requirement Upto 4 lakhs- 16.50%

Upto 7.5 lakhs- 17.50%

Above 7.5 lakhs- 15.50%

HDFC Upto 10 lakhs Max-15.25%

Min- 9.50%

Avg-12.41%

Credila No limit. Depends on requirement 12.10%+ floating rate(depends on the risks points of the applicant)
Punjab National Bank (PNB) 20 lakhs Upto 7.5 lakhs- 11.25%

Above 7.5 lakhs- 11.85%

for education at premier foreign universities- 9.85%

IDBI Bank  Depends on requirement Upto 10 lakhs-10.45%

Above 10 lakhs-11.45%

Indian Overseas Bank (IOB) Upto 40 lakhs Upto 4 lakhs- 11.50%

Upto 7.5 lakhs- 12.00%

Above 7.5 lakhs- 12.25%

State Bank of Mysore Upto 40 lakhs Upto 4 lakhs- 12.20%

Upto 7.5 lakhs- 12.20%

Above 7.5 lakhs- 11.20%

Above 10 lakhs- 11.70%

Avanse Financial Services No limit. Depends on requirement 11.5%+ floating rate(depends on the risks points of the applicant)
Syndicate Bank 20 lakhs Upto 4 lakhs- 11.00%

Upto 7.5 lakhs- 11.25%

Above 7.5 lakhs- 12.25%

Canara Bank 20 lakhs. Depends on requirement Upto 4 lakhs- 11.15%

Upto 7.5 lakhs- 11.65%

Above 7.5 lakhs- 11.15%

Education Loan Eligibility Criteria 2017

Nationality Indian
Age Minimum – 16 yrs.
Maximum – 26 yrs.
Academic Record Proven – good
Income Source Parents/Guardians
Income Stable
University Applied to Recognized – In India/Abroad
Security Tangible collateral or guarantor – depending on loan amount and income source/stability

Documents Required For Education Loan

Depending on the lending institution

  • Application form duly signed with photographs affixed
  • Qualifying exam mark sheets
  • Proof of:
    • Admission at University applied to
    • Course expenses
  • PAN Card – Student/Parents/Guardians
  • Bank Statement – 6 months (borrower’s)
  • Income and tax proofs (borrower’s)
  • Age proof
  • Residence proof

Education Loan Interest Rates - AUG 2017

In India, there are a plethora of private and public sector financial institutions offering education loans to aspiring students wishing to continue their studies in premier institutions within the country or abroad. Here is a comparative table on the interest rates provided by lenders in India.

Public Sector Banks:

Bank Interest Rate*
State Bank of India 9.70% – 13.45%
Bank of Baroda 9.90% – 12.40%
United Bank of India 9.90% – 13.50%
Central Bank of India 11.45% – 11.95%
Bank of Maharashtra 11.25% – 12.50%
Canara Bank 11.60% – 13.60%
Dena Bank 11.25 %
Indian Overseas Bank 11.45 – 12.95%
Punjab National Bank 10.00% – 13.00%

 

Other Financial Institutions:

Banks Interest Rate*
Avanse Financial Services Avanse Base Lending Rate (11.5%) + Spread
Credila 11.75% – 12.50%
Axis Bank 15.00% – 16.50%
HDFC Bank 12% – 13%
IDBI Bank 10.75% – 13.25%