Overview of Education Loan Rates in 2025

In 2025, education loan rates for higher studies in India remain competitive, driven by Fintech lending and government-backed schemes. Loanpao partners with leading banks and NBFCs to offer affordable financing for domestic and international studies, with streamlined digital applications. Apply now to explore your options.

Key Factors Driving Education Loan Rates

Several factors influence education loan rates in 2025:

  • Fintech Integration: Platforms like Loanpao leverage technology to reduce overheads, offering rates as low as 8.5% p.a.
  • Government Schemes: Subsidies under schemes like CSIS lower rates for eligible students.
  • Loan Tenure: Longer tenures (up to 15 years) often come with slightly higher rates.
  • Credit Profile: A strong credit score (700+) can secure lower rates.
  • Course and Institution: Loans for premier institutes may have preferential rates.

Learn more about how fintech is transforming education loans.

Comparison of Education Loan Rates

Here’s a snapshot of education loan rates from top lenders in 2025:

Lender Interest Rate Loan Amount Tenure
SBI 8.5%–10.5% Up to ₹50 lakh Up to 15 years
HDFC Bank 9.0%–11.0% Up to ₹75 lakh Up to 12 years
Axis Bank 9.5%–12.0% Up to ₹40 lakh Up to 10 years
Loanpao Partners 8.5%–10.0% Up to ₹1 crore Up to 15 years

Note: Rates vary based on eligibility and loan type. Check our eligibility checker for personalized rates.

Eligibility Criteria for Education Loans

To secure an education loan through Loanpao, applicants must meet:

  • Age: 18–35 years (co-applicant up to 60).
  • Admission: Confirmed admission to a recognized institution.
  • Credit Score: Minimum 650 (co-applicant preferred).
  • Income Proof: Co-applicant’s income proof for loans above ₹20 lakh.
  • Collateral: May be required for loans above ₹7.5 lakh.

Visit our education loan page for detailed criteria.

Documents Required

Loanpao simplifies documentation with:

  • Identity Proof: Aadhaar, PAN, or Passport.
  • Address Proof: Utility Bill or Aadhaar.
  • Admission Proof: Offer letter from institution.
  • Income Documents: Salary slips or ITR of co-applicant.
  • Academic Records: Marksheets of 10th, 12th, or degree.

Types of Education Loans

Loanpao offers tailored education loans:

  • Domestic Education Loans: For courses in India, up to ₹50 lakh.
  • International Education Loans: Up to ₹1 crore for studies abroad.
  • Skill Development Loans: For vocational and short-term courses.
  • Refinance Loans: To transfer existing education loans.

Explore international education loans for global studies.

Benefits of Loanpao’s Education Loans

Choosing Loanpao offers:

  • Competitive rates starting at 8.5% p.a.
  • Fast disbursal within 7–10 days.
  • Moratorium period during studies.
  • Flexible repayment up to 15 years.
  • Expert support for application process.

Frequently Asked Questions

Rates range from 8.5% to 12% p.a., depending on the lender and eligibility.

Students aged 18–35 with confirmed admission and a co-applicant are eligible.

Collateral may be required for loans above ₹7.5 lakh, depending on the lender.

Up to ₹1 crore for international studies and ₹50 lakh for domestic courses.

Loanpao disburses loans within 7–10 days post-verification.

Yes, Loanpao offers international education loans up to ₹1 crore.

Yes, a moratorium period is available during the study period plus 6–12 months.

Apply online via Loanpao’s website with required documents and eligibility details.

Yes, Loanpao offers refinance options to lower rates or extend tenures.

Contact Loanpao via the website or call the support number on the contact page.