LASYA SRI EDUCATION LOAN ADVISORY
Compare • Understand • Choose Better
SMART EDUCATION LOAN COMPARISON
Choose the right education loan, not just the lowest rate.
Compare bank / NBFC options across interest rate, loan quantum, collateral, margin, fees, moratorium and repayment terms.
START HERE
Start ComparisonFind your best-fit education loan bank / NBFC
Use the calculator and analytical screening first, then select a bank / NBFC to review the complete education-loan information.
WHY THIS PAGE IS DIFFERENT
Six factors decide the real loan fit
01
Sanction Fit
Required amount, course and institute eligibility.02
Collateral Fit
Unsecured ceiling versus secured loan structure.03
True Cost
ROI plus processing, legal, valuation and insurance.04
Moratorium Period Cost
How study-period interest affects future repayment.EDUCATION LOAN EMI CALCULATOR
Calculate EMI first. Compare bank / NBFCs separately.
₹50,00,000
₹1L₹3Cr
50 Lakh Rupees
8.50%
6%16%
15 Years
1 Year15 Years
Estimated Repayment
Monthly EMI
₹0
Principal₹0
Total Interest₹0
Total Payable₹0
Tenure180 Months
Indicative EMI only. Education-loan moratorium interest, fees, insurance,
margin and future floating-rate changes are not included in this estimate.
AT-A-GLANCE
Quick Bank / NBFC Comparison
BASED ON YOUR LOAN AMOUNT
Bank / NBFC preference for ₹50,00,000
Move the Loan Amount slider above. This shortlist updates automatically using the bank / NBFC scheme limits and conditions already shown on this page.
First bank / NBFC to evaluate
—
Bank / NBFC
Indicative ROI*
Indicative EMI
Collateral-Free Eligibility
Moratorium Period
SBI Global Ed-VantagePublic Sector
8.90%
₹50,416 / month
Up to ₹50L for select premier institutions
Course period + 6 months
Bank of Baroda ScholarPublic Sector
8.45%
₹49,091 / month
Scheme page lists no security up to ₹7.5L; BOB FAQ separately says no collateral-free abroad under Baroda Scholar—confirm applicability with BOB
Course period + 1 year
Union Bank of India – Premier AbroadPublic Sector
8.00%
₹47,783 / month
Up to ₹40L for eligible Category A institutes
Course period + 1 year
Credila Financial Services LimitedNBFC
9.95%
₹53,577 / month
Unsecured eligibility is profile/institute dependent; verify live eligibility directly with Credila
Product/sanction specific
Bank of India – Star Education LoanPublic Sector
10.60%
₹55,580 / month
Up to ₹7.5L under CGFSEL for eligible cases
As per current BOI Star Education Loan scheme / sanction
STUDENT BANK FINDER
Research & analytical view before you shortlist a bank / NBFC
This layer does not replace the detailed bank / NBFC data below. It helps students identify which bank deserves the first detailed review based on the funding need.
DECISION SUPPORT
Start with the right question—not only the lowest displayed ROI.
Institute category, collateral availability, maximum sanction, margin, processing cost and moratorium structure can materially change the practical fit of an education loan.
Research principle
Eligibility + Funding + Security + Upfront Cost + Repayment Fit
FIRST LENDER TO EVALUATE FOR THIS PRIORITY
Union Bank of India – Premier Abroad
Among the comparison inputs currently displayed on this page, Union Bank has the lowest indicative ROI. Final pricing remains scheme, institute and profile dependent.
Why this deserves attention
Displayed ROI8.00% indicative input
Premier abroadCategory-linked scheme structure
Collateral-freeUp to ₹40L for eligible Category A institutes
Student fit matrix
A practical screening layer built from the same bank / NBFC information already shown on this page. “Strong / Good / Case dependent” is a decision aid, not a bank / NBFC approval or guarantee.
| Bank / NBFC | Rate-led search | High-value funding | No-collateral search | Upfront-fee sensitivity | Best search use |
|---|---|---|---|---|---|
| SBI Global Ed-Vantage | Good | Strong | Strong* | Good | Large overseas funding and select premier-institute cases |
| Bank of Baroda Scholar | Good | Good | Case dependent | Strong | Students focused on margin/processing-cost structure and premier-institute classification |
| Union Bank – Premier Abroad | Strong | Good | Strong* | Good | Rate-led comparison and eligible Category A overseas institutes |
| Credila | Profile based | Good | Profile based | Case dependent | Students needing a customised NBFC underwriting route |
| Bank of India – Star Education Loan | Scheme based | Case dependent | Good* | Good | Public-sector alternative where applicable scheme concessions or CGFSEL fit matters |
Research signal 01
Institute category can change the deal
Premier/select classification can affect collateral, margin, pricing and maximum eligible quantum.
Research signal 02
Moratorium Period is not “free time”
Interest treatment during course and moratorium can materially increase the eventual repayment burden.
Research signal 03
High sanction ≠ high disbursement
Students should compare eligible expenses, margin contribution and stage-wise disbursement conditions.
Research signal 04
Pre-visa timing can matter
For overseas admissions, sanction timing and document readiness can be as important as the nominal interest rate.
*“Strong” no-collateral fit applies only where the student/institute qualifies under the relevant bank / NBFC scheme. The matrix is an analytical screening aid based on the bank / NBFC information already displayed on this page and supplementary review of official bank / NBFC scheme material; it does not change the original comparison data below.
BANK-WISE INFORMATION
Select a bank to view full information
SBI Global Ed-VantagePublic SectorROI 8.90%*Above ₹7.50L up to ₹3.00 CrIndicative EMI₹50,416
ROI 8.90%*Above ₹7.50L up to ₹3.00 Cr
Processing Fee0.50% of loan amount; minimum ₹10,000 and maximum ₹50,000 + applicable GST
Maximum LoanAbove ₹7.50L up to ₹3.00 Cr
Collateral-Free EligibilityUp to ₹50L for select premier institutions
MarginScholarship/assistantship is included in margin; margin is brought pro-rata as per SBI scheme
Moratorium PeriodCourse period + 6 months
Repayment TenureUp to 15 Years
Pre-Visa / SanctionSanction/disbursement prior to I-20/Visa available
TakeoverAvailable above ₹10L; rate depends on collateral/select-institute category
InsuranceInsurance to be obtained for loans above ₹7.50L
CoursesFull-time regular courses at eligible foreign colleges/universities
Expenses CoveredCollege/hostel fees, exams, books/equipment, travel, computer, eligible course-related expenses and insurance premium
ROI Range / BasisSelect institutions: without collateral 9.40%; with collateral 8.90%; takeover 8.90%–9.40%. Other Global Ed-Vantage cases may be 9.40%.
Charges & Concessions
- Processing fee: 0.50% of loan amount, minimum ₹10,000 and maximum ₹50,000 + GST
- 0.50% girl-student concession applies to specified non-select Global Ed-Vantage pricing; no additional girl concession for select-institution rates
- Simple interest during course period + moratorium
- Section 80E tax benefit subject to applicable tax law
Key Advantages
- Loan amount up to ₹3.00 crore
- Collateral-free up to ₹50 lakh for select premier institutions
- Repayment up to 15 years
- Sanction/disbursement before I-20/Visa
- Eligible overseas education expenses covered
- Official SBI rate table linked for student verification
Bank of Baroda ScholarPublic SectorROI 8.45%*₹150L Premier / ₹60L Non-PremierIndicative EMI₹49,091
ROI 8.45%*₹150L Premier / ₹60L Non-Premier
Processing FeeNIL up to ₹7.5L; above ₹7.5L: 1% of loan amount, max ₹10,000 + GST; refundable on first disbursement for premium institutions
Maximum Loan₹150L Premier / ₹60L Non-Premier
Collateral-Free EligibilityScheme page lists no security up to ₹7.5L; BOB FAQ separately says no collateral-free abroad under Baroda Scholar—confirm applicability with BOB
Margin≤₹4L NIL | ₹4L–₹7.5L 15% | >₹7.5L: Premier NIL / Non-Premier 10%
Moratorium PeriodCourse period + 1 year
Repayment TenureUp to 15 Years
Pre-Visa / SanctionCase / sanction-process dependent
TakeoverPrepayment rules depend on floating/fixed rate and source of funds
InsuranceAdditional risk premium may apply above ₹7.5L if Group Credit Life/Life Insurance is not taken
CoursesProfessional/technical studies abroad including eligible MBA/MCA/MS and other approved courses
Expenses CoveredTuition, hostel/mess, examination/library/lab, books/equipment, laptop, eligible deposits and related study expenses
ROI Range / BasisFloating: Premier Abroad = BRLLR + 0.55%; Non-Premier ≤₹7.5L = BRLLR + 2.00%; Non-Premier >₹7.5L = BRLLR + 1.05%.
Charges & Concessions
- No processing charge up to ₹7.5L
- Above ₹7.5L: 1% of loan amount, maximum ₹10,000 + GST
- Premium-institution processing fee refundable on first disbursement
- PMVLP charge ₹200
- ₹8,500 per mortgaged property toward advocate/valuer charges
- No documentation charges
- 0.20% ROI concession for girl child at Non-Premier institutes
Key Advantages
- Up to ₹150 lakh for Premier institutions
- Up to ₹60 lakh for Non-Premier institutions
- No documentation charges
- Course period + 1 year moratorium
- Repayment up to 15 years
- Official scheme and live-rate pages linked
Union Bank of India – Premier AbroadPublic SectorROI 8.00%*₹150LIndicative EMI₹47,783
ROI 8.00%*₹150L
Processing Fee₹10,000 where minimum 100% collateral is offered; other processing terms depend on category/loan structure
Maximum Loan₹150L
Collateral-Free EligibilityUp to ₹40L for eligible Category A institutes
Margin15% in applicable slabs; NIL where minimum 100% collateral is offered
Moratorium PeriodCourse period + 1 year
Repayment Tenure180 months / 15 years after moratorium
Pre-Visa / SanctionSubject to scheme and sanction terms
TakeoverSubject to applicable Union Bank education-loan policy
InsuranceAs per applicable scheme / sanction conditions
CoursesEligible courses in notified premier institutes abroad
Expenses CoveredEligible education expenses as defined under the Union Bank scheme
ROI Range / BasisUnion Bank EBLR benchmark is 8.00% w.e.f. 13-06-2026. Final education-loan ROI is scheme/security/category-linked and must be confirmed from the current retail-rate schedule.
Charges & Concessions
- ₹10,000 processing charge where minimum 100% collateral security is offered
- Borrower bears advocate/title-verification and approved-valuer fees where property is mortgaged
- Other processing/security conditions vary by category and loan structure
Key Advantages
- Maximum loan ₹150 lakh
- Category A: collateral-free up to ₹40 lakh
- Repayment up to 15 years after moratorium
- Course period + 1 year moratorium
- Current EBLR benchmark page linked for verification
Credila Financial Services LimitedNBFCROI 9.95%*Funding depends on course, institute, applicant/co-borrower profile and securityIndicative EMI₹53,577
ROI 9.95%*Funding depends on course, institute, applicant/co-borrower profile and security
Processing FeeReferenced official B.Tech product page: origination fee 1.25% + GST
Maximum LoanFunding depends on course, institute, applicant/co-borrower profile and security
Collateral-Free EligibilityUnsecured eligibility is profile/institute dependent; verify live eligibility directly with Credila
MarginProfile/product dependent
Moratorium PeriodProduct/sanction specific
Repayment TenureUp to 15 Years on the referenced official page
Pre-Visa / SanctionPre-admission/application options available; final sanction subject to underwriting
TakeoverProduct-specific; verify current terms
InsuranceProduct/sanction specific
CoursesIndia and overseas education products; eligibility varies by course/institute
Expenses CoveredEducation costs including tuition and living expenses subject to eligibility and sanction
ROI Range / BasisCredila rates are customised/profile-based. The referenced official B.Tech product page shows floating ROI starting from 9.95% p.a.
Charges & Concessions
- Referenced B.Tech product: 1.25% + GST origination fee
- Referenced B.Tech product: NIL prepayment and foreclosure charges
- Other product-specific fees/terms should be checked on the official sanction letter
Key Advantages
- Customised education-loan pricing
- Flexible repayment plans
- Repayment tenure up to 15 years on referenced product page
- Multi-city co-borrower and collateral flexibility
- Online application
- Official Credila product page linked for verification
Bank of India – Star Education LoanPublic SectorROI 10.60%*As per Star Education Loan scheme / eligible course and securityIndicative EMI₹55,580
ROI 10.60%*As per Star Education Loan scheme / eligible course and security
Processing FeeStudy in India: NIL | Study abroad: ₹10,000; for abroad loans up to ₹20L, processing charge excluding GST is refundable after loan availment
Maximum LoanAs per Star Education Loan scheme / eligible course and security
Collateral-Free EligibilityUp to ₹7.5L under CGFSEL for eligible cases
MarginAs per BOI scheme norms
Moratorium PeriodAs per current BOI Star Education Loan scheme / sanction
Repayment TenureUp to 15 Years, subject to scheme/sanction
Pre-Visa / SanctionCase / sanction-process dependent
TakeoverSubject to BOI policy
InsuranceOptional/financeable where permitted by scheme
CoursesEligible studies in India and abroad
Expenses CoveredEligible tuition, hostel, books, equipment, travel and other approved education expenses
ROI Range / BasisOfficial BOI Star Education Loan rate sheets are benchmark-linked. The published IBA-scheme sheet located shows 10.80% up to ₹7.5L and 10.60% above ₹7.5L; students should verify the latest BOI rate sheet before applying.
Charges & Concessions
- No processing charge for study in India
- Study abroad processing fee: ₹10,000
- For study-abroad loans up to ₹20L, processing charge excluding GST is refundable after actual loan availment
- 0.50% interest concession for girl students
- 0.50% concession for eligible professional courses, subject to BOI scheme conditions
Key Advantages
- CGFSEL coverage up to ₹7.5 lakh for eligible cases
- India and abroad education-loan options
- Girl-student concession under applicable Star Education Loan pricing
- Professional-course concession under applicable scheme
- Official BOI pages linked for final verification
LASYA SRI DECISION GUIDE
What should a student compare first?
No collateral available
Start with institute-category eligibility and unsecured ceiling. Then compare co-applicant requirements and effective pricing.High-value overseas course
Prioritise maximum sanction, collateral coverage, margin contribution and total moratorium cost—not only ROI.Premier university
Check whether the bank / NBFC classifies your institute as premier/select because this can change collateral, margin and pricing.Low upfront budget
Compare processing fee, GST, legal/valuation charges, insurance and margin money together.Visa deadline approaching
Prioritise pre-admission/pre-visa sanction capability and document readiness along with pricing.Concerned about EMI
Model repayment after moratorium. A longer tenure lowers EMI but can increase total interest outflow.Best Bank ≠ Lowest ROI
The better bank / NBFC is the one that fits the student’s complete funding and repayment profile.Eligibility + Cost + Security + Repayment = Better Loan Fit
STUDENT FAQs
Questions to answer before applying
Which bank is best for an education loan?
There is no single best bank / NBFC for every student. Compare course and institute eligibility, required amount, collateral, co-applicant profile, total charges, moratorium and repayment terms.Should I select the bank with the lowest ROI?
Not automatically. A lower rate can still come with a higher margin, stricter collateral requirement, lower sanction amount or additional charges.Why is moratorium important?
Interest treatment during the course and moratorium can increase the balance that must be repaid later, so it should be reviewed before sanction acceptance.Can I get an education loan without collateral?
It depends on bank / NBFC scheme, loan amount, institute category and applicant/co-applicant profile. Use the bank / NBFC-specific details above as an initial comparison.*Rates and terms shown are indicative comparison inputs cross-checked with official bank / NBFC sources where publicly available. Final ROI, collateral, margin, processing charges, concessions, insurance, sanction amount and eligibility depend on the bank / NBFC’s prevailing policy, institute/course, applicant and co-applicant profile. Verify the final sanction letter before making a decision.