Education and Career Forum

SBI or ICICI Bank, which is better to apply for an Education Loan for MS-Abroad aspirant? Kindly, explain in details not in short.

SBI is a PSU bank and ICICI Bank is a private sector bank in India. You should go with the bank which is available near to your residence. SBI is the first choice among students because it has reach all over India. Also, government banks offer better interest rates than private sector banks.

ICICI Bank may be good in terms of customer service but they may charge you slightly higher than PSU banks. Just take decision according to your location.

Originally Posted by Unregistered

SBI or ICICI Bank, which is better to apply for an Education Loan for MS-Abroad aspirant? Kindly, explain in details not in short.

As per my knowledge, State Bank of India (SBI) is one of the largest banks in India and many students who wish to pursue an MS in abroad universities prefer SBI. SBI is one of the banks offering education loan in India with very attractive interest rate. ICICI Bank is also one of the largest private sector banks in India and it also offers education loan to students for pursuing higher education in India and abroad. There are also various other nationalized banks and private banks offering education loan for studies in abroad.