Which banks do you have partnerships with for education loans?
There is no single partner bank locking you in. You can compare loans across public banks like SBI, Bank of Baroda and Punjab National Bank, private banks like Axis, ICICI and HDFC, and specialised NBFCs like Avanse and HDFC Credila, and track every offer on the government's Vidya Lakshmi portal.
You are not locked into one partner bank for your education loan. That is actually good news, since it means you can shop around and compare offers across multiple public banks, private banks and specialised lenders based on your course and profile.
Major Education Loan Providers to Compare
| Lender Type | Examples | What They Are Known For |
|---|---|---|
| Public sector banks | SBI, Bank of Baroda, Punjab National Bank | Generally the lowest interest rates for premier institutes |
| Private sector banks | Axis Bank, ICICI Bank, HDFC Bank | Faster processing and higher loan amounts for studies abroad |
| Specialised NBFCs | Avanse, HDFC Credila, Auxilo | Flexible collateral requirements for international courses |
How to Compare and Apply
- Use the Vidya Lakshmi portal, an official Government of India platform, to view, apply for and track education loans across multiple banks in one place.
- Shortlist two or three lenders and compare interest rates, collateral requirements and processing time before you commit.
- Keep your admission letter, cost of study breakup and co-applicant income documents ready, since these speed up approval with any lender.
My Advice
Do not settle for the first loan offer you get. Apply through the Vidya Lakshmi portal to compare multiple banks side by side, and separately check one NBFC option like Avanse or HDFC Credila if your university is not on a public bank's approved list, since NBFCs are often more flexible on collateral.
More expert answers
We partner with a wide range of banks and financial institutions for education loans.
- Public sector banks: State Bank of India (SBI), Bank of Baroda, Bank of India, Punjab National Bank, Canara Bank
- Private sector banks: HDFC Bank, ICICI Bank, Axis Bank, IDFC First Bank, Yes Bank, Kotak Mahindra Bank
- NBFCs (Non-Banking Financial Companies): HDFC Credila, Avanse Financial Services, Auxilo, InCred, Poonawalla Fincorp
These partnerships offer flexible loan options and competitive interest rates.
Will you qualify for a US education loan?
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