What are the typical interest rates for secured and unsecured education loans?

Typical education loan interest rates in India depend on whether the loan is secured (with collateral) or unsecured (without collateral):

- Secured loans: Usually 8% - 11.5% per annum. Public sector banks often offer lower rates, especially for loans up to ₹7.5 lakh without collateral, with slightly higher rates for larger secured amounts.
- Unsecured loans: Typically 9% - 16% per annum. Private banks and NBFCs (Non-Banking Financial Companies) generally charge more for unsecured loans, with rates varying by lender, amount, and your profile.

Actual rates depend on the lender, loan amount, course, institution, and your credit history.