Explore catalogue loan products, compare planning estimates and read lender-linked reviews. Rates, eligibility and conditions need checking with each lender.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.
3 Catalogue products · Sorted by catalogue starting rate
| Bank and product | Interest Rate | Benchmark spread | Maximum term | Processing fee | Actions |
|---|---|---|---|---|---|
State Bank of India | 10.15% - 11.15% p.a. on reducing | EBLR + 3.65% | 15 years (180 months) | Nil | |
HDFC Credila | 10.25% - 13.50% p.a. on reducing | MCLR + 3.75% | 15 years (180 months) | 1% (cap ₹15,000) + 18% GST | |
Avanse Financial Services | 11.50% - 14.50% p.a. on reducing | REPO + 5.00% | 15 years (180 months) | 1.25% (cap ₹20,000) + 18% GST |
Education loans from scheduled commercial banks are linked to the RBI Repo Rate (EBLR) or 1-year MCLR. Female students frequently receive an exclusive 0.50% concession on the applicable interest rate across both domestic and overseas degree programs.
Under RBI directives, retail education loans sanctioned to individual students or co-borrower parents carry strict 0% prepayment and foreclosure charges. Borrowers can make partial payments during the moratorium or tenure to drastically curb interest compounding.
Under Section 80E of the Income Tax Act, the entire interest component paid on an education loan is deductible from gross taxable income without any upper cap for up to 8 consecutive assessment years, making education loans one of the most tax-efficient borrowings in India.
Under RBI Master Directions, individual retail borrowers paying floating interest rates on home, auto, and personal credit lines are legally protected against any foreclosure or prepayment penalty.
Commercial banks must price retail credit off external benchmarks like the RBI Repo Rate (EBLR). Spread adjustments are strictly governed and cannot be arbitrary during the loan tenure.
CredSutra factors in Day-1 upfront cash outlays, including processing charges, 18% GST, and valuation fees alongside lifetime compounding interest for 100% objective cost discovery.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.