Best Banks and NBFCs for Education Loans in India

Choosing the right lender can save you lakhs over the life of your loan. Banks generally offer lower rates, while NBFCs offer speed, higher unsecured limits and study-abroad expertise.

Public sector banks

Banks like SBI and Bank of Baroda offer some of the lowest interest rates and access to government interest-subsidy schemes, though processing can be slower and more document-heavy.

NBFCs and specialists

Lenders such as HDFC Credila, Avanse and Auxilo specialise in study-abroad loans, offering fast approvals and larger collateral-free amounts for premier universities, at slightly higher rates.