What would be the interest rate for the education loans you provide?
27 Jul 2026 · Answered by Thaiba Nazreen · 1 min read
Education loan interest rates in India (as of June 2026) vary by lender, loan amount, collateral, and course. Typical ranges:
- Public sector banks: 8.5% - 11.5% per annum
- Private banks: 9.0% - 10.25% (secured), higher for unsecured
- NBFCs: 9.95% - 15.5% per annum
Secured loans (with collateral) usually offer lower rates than unsecured loans. Your credit profile and course choice can also affect the final rate.
These rates are subject to change.
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