Education and Career Forum

Hello sir, I am planing to study degree course after 12th from New Zealand. So, Please tell me which bank is good to apply for an education loan? Rate of interest, tenure, repayment period for it?

There are several banks in India that provide education loans for studying abroad, including in New Zealand. Some of the popular banks include State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, and Bank of Baroda.

The interest rates, tenure, and repayment period may vary depending on the bank and the loan amount. Generally, the interest rates for education loans are higher than other types of loans and may range from 8% to 15%. The tenure for repayment of the loan can be anywhere from 5 to 15 years, depending on the bank and the loan amount.

It is advisable to compare the interest rates, repayment terms, and other benefits offered by different banks before applying for an education loan. You can visit the websites of different banks to get more information about their education loan products and apply online. It is also recommended to check the eligibility criteria and documentation requirements before applying for a loan.