While commercial banks under RBI control offer Education Loans, some NBFCs also provide education loans through their sponsor like Credila, Avense etc.
Education loans from banks give you the option for easy EMI for regular repayment.
A student can get a maximum of loan of Rs 10 lakhs for higher studies in India and Rs 20 lakhs for higher studies in abroad.
Tuition fees, exam fees, hostel fees are among the important aspects covered under education loan.
Consumer VOICE has compared education loans of 9 public sector banks and 5 private sector banks.
The detailed findings are available in July 2019 issue of “Consumer VOICE” print and digital magazine.