Education loan
What borrowing actually costs over the life of the loan, and where to compare lenders.
If you borrow
An education loan is usually the largest financial commitment a student makes before they have an income. Worth seeing the full cost, not just the monthly figure.
Paying interest during study costs less overall but needs income you may not have.
A simplified model: interest during study is not compounded and repayment is a level monthly instalment on a reducing balance. Real lenders differ on fees, moratorium terms and compounding.
Where to compare lenders in India
| Lender | Type | Where to look |
|---|---|---|
| Vidya Lakshmi | Government portal, many banks | vidyalakshmi.co.in |
| State Bank of India | Public bank | sbi.co.in |
| Bank of Baroda | Public bank | bankofbaroda.in |
| HDFC Credila | Non-bank lender | hdfccredila.com |
| Avanse | Non-bank lender | avanse.com |
| Auxilo | Non-bank lender | auxilo.com |
A starting point for an Indian applicant, not a ranking and not complete. Rates, collateral rules and limits change constantly, so check each lender directly.
Every figure here is yours to enter. Nothing is a lending offer. Confirm rates and terms with the lender before acting on any of it.