Education Loan Interest Rate Comparison — 2025-26
Current education loan rates: SBI 8.65-10.2%, Bank of Baroda 8.8-10.5%, HDFC Credila 9-12%, Avanse 11-14%. On ₹15 lakh for 10 years, the 8.65% vs 12% difference means ₹3.8 lakh extra in total interest.
Monthly EMI
₹23,097
Total Payable
₹27,71,696
Accrued Interest (Moratorium)
₹2,85,000
Effective Principal
₹17,85,000
Interest accrues (simple) during the course + 6-12 month grace period (moratorium). EMI starts after moratorium ends. Interest paid during repayment is deductible under Section 80E (no upper limit).
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Calculated with CalcHub