Indian Education Loans: SBI vs HDFC vs ICICI Comparison

Financing higher education is one of the most significant investments a student and their family can make. In India, leading banks like SBI, HDFC, and ICICI offer a range of education loan products, each with its own set of features, interest rates, and repayment terms.

Key Comparison Points

1. Interest Rates: SBI often offers competitive rates, especially for premier institutions, but HDFC and ICICI may have more flexible rate options.
2. Loan Margin & Collateral: For loans above a certain amount (typically ₹7.5 lakhs), banks require collateral. The terms and valuation methods can differ significantly.
3. Processing Fees & Other Charges: Always look beyond the interest rate. Processing fees, prepayment penalties, and insurance requirements can add to the overall cost.
4. Moratorium Period: This is the period after your course completion before you have to start making EMI payments. Its duration and interest accrual policy are crucial.

Choosing the right loan involves weighing all these factors against your specific needs. Our AI tool is designed to help you navigate this complexity.

Compare loan options with the AI Indian Education Loan Calculator.