If you are also planning to take loan for higher education, then we will tell you about 10 such government banks which have the lowest interest rate on education loan up to Rs 20 lakh. At the same time, you are also getting 7 years time for loan repayment in these banks. The list of these banks has been prepared by bankbazaar.com.
IDBI Bank- You are getting loan from this bank at an interest rate of 6.75 percent. You will get 7 years for repayment on a loan of Rs 20 lakh. That is, its EMI will be Rs 29,942.
Central Bank of India- The interest rate of this bank is 6.85 percent. For 7 years repayment tenure, you will have to pay an EMI of Rs 30,039 every month.
Indian Bank- The interest rate of this bank is 6.9 percent while you will have to pay EMI of Rs 30,088.
Union Bank- The interest rate on this loan is 7 percent. EMI for 7 years tenure will be Rs 30,185.
Bank of Baroda- You will get a loan from Bank of Baroda at an interest rate of 7.15 percent.
Bank of Baroda- You will get a loan from Bank of Baroda at an interest rate of 7.15 percent.
SBI- SBI’s interest rate is 7.25 percent. For this, you will have to pay an EMI of Rs 30,340.
Bank of India- Like SBI, it also has an interest rate of 7.25 percent and you have to pay EMI of Rs 30,340.
Indian Overseas Bank- Here also the interest rate is only 7.25 percent. The loan repayment tenure is 7 years.
Canara Bank – This bank is giving loans at an interest rate of 7.30 percent above all of these. If you take a loan from here, you will have to pay an EMI of Rs 30,480.
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