24 lenders, one comparison

Find the education loan that actually fits your course

Government banks, private banks, NBFCs and international lenders, side by side — real interest rates, real limits, real processing times. No guesswork about who's cheapest or who's fastest.

Government Banks

11 lenders

The cheapest money on the market, but plan for a longer wait and collateral once you cross ₹7.5L.

Top Pick
State Bank of India
Government Banks
%

Without collateral

8.5% – 11.15%

Up to ₹50L

With collateral

6.9% – 8.9%

Up to ₹3 Cr

15–20 days
Sec 80E
Bank of Baroda
Government Banks
%

Without collateral

9.25% – 11.5%

Up to ₹40L

With collateral

8.4% – 10.9%

Up to ₹1.5 Cr+

12–18 days
Sec 80E
Punjab National Bank
Government Banks
%

Without collateral

9% – 11.25%

Up to ₹20L

With collateral

8.5% – 10.5%

Up to ₹1.5 Cr

10–15 days
Sec 80E
Canara Bank
Government Banks
%

Without collateral

8.75% – 11.25%

Up to ₹40L

With collateral

8.5% – 10.75%

Up to ₹1.5 Cr

10–20 days
Sec 80E
Union Bank of India
Government Banks
%

Without collateral

8.75% – 11.5%

Up to ₹40L

With collateral

8.25% – 10.8%

Up to ₹1.5 Cr

10–18 days
Sec 80E
Indian Bank
Government Banks
%

Without collateral

9% – 11.5%

Up to ₹15L

With collateral

8.6% – 11%

Up to ₹1.2 Cr

10–15 days
Sec 80E
Bank of India
Government Banks
%

Without collateral

9.25% – 11.75%

Up to ₹20L

With collateral

8.75% – 11%

Up to ₹1.5 Cr

12–20 days
Sec 80E
Central Bank of India
Government Banks
%

Without collateral

9.25% – 11.9%

Up to ₹15L

With collateral

8.75% – 11.25%

Up to ₹1 Cr

12–20 days
Sec 80E
UCO Bank
Government Banks
%

Without collateral

9% – 11.75%

Up to ₹15L

With collateral

8.6% – 11.2%

Up to ₹1 Cr

12–18 days
Sec 80E
Punjab & Sind Bank
Government Banks
%

Without collateral

9.25% – 12%

Up to ₹10L

With collateral

8.75% – 11.25%

Up to ₹1 Cr

12–18 days
Sec 80E
IDBI Bank
Government Banks
%

Without collateral

10.25% – 12.5%

Up to ₹10L

With collateral

9.25% – 12.25%

Up to ₹75L

10–15 days
Sec 80E

Private Banks

7 lenders

Sanctions move faster and collateral rules bend more — you trade a couple of interest points for speed.

HDFC Bank
Private Banks
%

Without collateral

10.75% – 13.5%

Up to ₹50L

With collateral

10.5% – 12.5%

Up to ₹1.5 Cr

5–10 days
Sec 80E
Top Pick
ICICI Bank
Private Banks
%

Without collateral

10.9% – 12.75%

Up to ₹40L

With collateral

10.75% – 12.5%

Up to ₹1 Cr+

7–10 days
Sec 80E
Axis Bank
Private Banks
%

Without collateral

11.5% – 13.75%

Up to ₹35L

With collateral

10.9% – 12.75%

Up to ₹75L

7–14 days
Sec 80E
IDFC FIRST Bank
Private Banks
%

Without collateral

11% – 13.5%

Up to ₹35L

With collateral

10.75% – 12.5%

Up to ₹75L

5–7 days
Sec 80E
Federal Bank
Private Banks
%

Without collateral

11.25% – 13.75%

Up to ₹30L

With collateral

11% – 12.75%

Up to ₹50L

5–10 days
Sec 80E
Kotak Mahindra Bank
Private Banks
%

Without collateral

11.25% – 13.75%

Up to ₹35L

With collateral

10.99% – 12.75%

Up to ₹75L

5–10 days
Sec 80E
YES Bank
Private Banks
%

Without collateral

11.5% – 14%

Up to ₹25L

With collateral

11% – 13%

Up to ₹75L

5–8 days
Sec 80E

NBFCs

4 lenders

Built for speed and higher no-collateral limits — useful when an offer letter has a tight deadline.

Top Pick
HDFC Credila
NBFCs
%

Without collateral

10.75% – 13%

Up to ₹50L

With collateral

10.25% – 12.75%

Up to ₹1.5 Cr

7–10 days
Sec 80E
Top Pick
Avanse Financial Services
NBFCs
%

Without collateral

11.25% – 13.75%

Up to ₹50L

With collateral

11% – 12.75%

Up to ₹1 Cr

5–7 days
Sec 80E
Auxilo Finserve
NBFCs
%

Without collateral

11.75% – 14.5%

Up to ₹50L

With collateral

11.5% – 13.5%

Up to ₹1 Cr

5–10 days
Sec 80E
Tata Capital
NBFCs
%

Without collateral

11.5% – 14.5%

Up to ₹40L

With collateral

11% – 13.5%

Up to ₹85L

5–10 days
Sec 80E

International Lenders

2 lenders

USD financing with no Indian collateral, priced instead on your admit and future earning potential.

Prodigy Finance
International Lenders
%

Without collateral

9% – 14%

Based on university cost

With collateral

No collateral model

7–15 days
Depends
MPOWER Financing
International Lenders
%

Without collateral

11% – 15%

Up to $100,000

With collateral

No collateral model

7–14 days
Depends

Not sure which lender fits your case?

Tell a Sukhada counsellor your course, university and collateral situation — they'll shortlist the right two or three lenders instead of all 24.

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