Education loan interest rates today
Updated 8 Nov, 6:30 am · 9 lenders · RBI repo rate 5.50% · Lowest: 7.15% p.a. at State Bank of India
Education loan rates – November 2026
| Lender | Type | Rate (p.a.) | Up to | Source |
|---|---|---|---|---|
| State Bank of India Scholar Loan (premier institutes) | Public Sector Bank | 7.15% – 7.90% | ₹50 L | SBI website read 8 Nov, 6:30 am |
| Bank of Baroda Baroda Education Loan | Public Sector Bank | 8.50% – 10.25% | ₹1.5 Cr | Our lender list checked 25 Oct 2026 |
| State Bank of India Student Loan / Global Ed-Vantage | Public Sector Bank | 9.65% – 10.15% | ₹3 Cr | SBI website read 8 Nov, 6:30 am |
| Avanse Financial Education Loan | NBFC | 10.00% – 15.00% | ₹1 Cr | Avanse Financial website read 8 Nov, 6:30 am |
| HDFC Credila Education Loan | NBFC | 10.25% – 14.00% | ₹1.5 Cr | Our lender list checked 25 Oct 2026 |
| Auxilo Finserve Study Abroad Loan (unsecured) | NBFC | 11.00% – 14.50% | ₹45 L | Our lender list checked 25 Oct 2026 |
| Prodigy Finance Study Abroad Loan (no co-signer) | International lender | 11.10% – 13.50% | ₹1.85 Cr | Our lender list checked 25 Oct 2026 |
| InCred Finance Study Abroad Loan (unsecured) | NBFC | 11.80% – 13.50% | ₹80 L | Our lender list checked 25 Oct 2026 |
| Avanse Financial Services Study Abroad Loan | NBFC | 12.00% – 15.00% | ₹1.2 Cr | Our lender list checked 25 Oct 2026 |
Rates are the lenders’ published ranges for new loans. The lender decides the final rate at sanction. Sorted by lowest starting rate.
What decides your education loan rate
- The institution – premier institutes get lower rates under schemes like SBI Scholar
- Collateral – loans above ₹7.5 lakh with collateral are cheaper
- Co-borrower’s income and credit score
- Interest subsidy may be available for eligible students under government schemes
Common questions
Which lender has the lowest education loan interest rate today?
As on 8 Nov 2026, the lowest starting rate in our comparison is 7.15% p.a. at State Bank of India (Scholar Loan (premier institutes)). The rate you are offered depends on your credit score, income and the lender’s own grading of your profile.
How current are these rates?
3 of the 9 lenders in this table are read directly from the lender’s website twice a day, at 6:30 am and 2:30 pm. The others come from our lender list, with the date each was last checked.
Will I get the lowest rate shown?
The starting rate is for the strongest profiles. Check your own eligibility on Funding Desk to see the rate and amount each lender is likely to offer you – it does not affect your credit score.