Education Loan
Understanding education loans helps students make well informed financial decisions, ensuring they have the necessary funds to pursue their dreams without worrying about finances.
Secured Loans
Secured loans require collateral such as property, fixed deposits, or insurance. These loans generally offer lower interest rates and higher loan amounts in comparison to the unsecured loans.
Unsecured Loans
These loans do not need collateral but may have slightly higher interest rates. Loan amount depends upon your financial background, academic profile, and the institute you are applying for.
To Finance your education abroad is a crucial step in your study abroad journey. To help you make an informed decision, we’ve compared the starting interest rates for secured and unsecured loans from some of the leading lenders.
ICICI Bank
Secured Loan Interest Rate:
9.50% – 12.00%
Unsecured Loan Interest Rate:
11.00% – 12.75%
Axis Bank
Secured Loan Interest Rate:
9.99%
Unsecured Loan Interest Rate:
10.75% – 12.50%
IDFC First Bank
Secured Loan Interest Rate:
9.50% – 11.00%
Unsecured Loan Interest Rate:
10.75% – 13.00%
Credila
Secured Loan Interest Rate:
10.25% – 10.75%
Unsecured Loan Interest Rate:
11.25% – 12.75%
Avanse
Secured Loan Interest Rate:
10.75% – 12.00%
Unsecured Loan Interest Rate:
11.50% – 13.00%
InCred Finance
Secured Loan Interest Rate:
NA
Unsecured Loan Interest Rate:
11.50% – 13.25%
*Interest rates may vary based on loan amount, tenure, and student profile.
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