HOW TO GET EDUCATION LOAN FOR ENGINEERING

How to Get Education Loan For Engineering

How to Get Education Loan For Engineering

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Best Banks Offering Education Loans for Engineering Courses in India

Introduction
Pursuing an engineering degree in India can be financially demanding, but education loans help ease the burden for students and families. How to Get Education Loan For Engineering. Many banks in India—both public and private—offer education loans specifically designed for engineering aspirants. Here's a quick guide to the best banks offering education loans for engineering courses in India in 2025.

Top Banks Offering Education Loans for Engineering:

 


  • State Bank of India (SBI):


 





 

  • Canara Bank:


 



      • Provides education loans through the IBA Model and Vidya Turant Scheme for premier colleges.

      • Supports loans without collateral for select institutions.




 

  • Punjab copyright (PNB):


 



      • Offers loans under the PNB Saraswati Scheme.

      • Attractive interest rates with options for moratorium and subsidy under central government schemes.

      • Collateral-free loans up to ₹7.5 lakhs for eligible students.




 

  • Axis Bank:


 



      • Provides quick and customizable loans up to ₹40 lakhs for domestic courses.

      • Flexible EMI options and online application facility.




 

  • HDFC Credila:


 



      • India’s first NBFC dedicated to education loans.

      • Offers fully customized loans with coverage for 100% academic expenses.




 

  • Bank of Baroda:


 


    • Covers all engineering-related expenses with low processing fees and long repayment periods.



Conclusion
How to Get Education Loan For Engineering Choosing the right bank for your engineering education loan depends on factors like loan amount, interest rate, collateral requirements, and institution eligibility. Public banks like SBI and Canara offer stability and subsidies, while private options like Axis Bank and HDFC Credila provide speed and flexibility. Start early, compare options, and choose the loan that aligns best with your academic and financial goals to ensure a smooth journey toward your engineering career.

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