Allied Financial Services • 2027 Admission Cycle
Education Loans & Partner Bank EMI Calculator
Compare transparent interest rates, verify collateral-free eligibility up to ₹50 Lakhs, and get pre-approved digital sanctions across premier banks.
Interactive EMI & Eligibility Estimator
Calculate Your Monthly Education Loan EMI
Loan Amount Required₹12.0 Lakhs
₹2 Lakhs₹30 Lakhs₹60 Lakhs
Expected Interest Rate (p.a)9.5%
8.0% (Public Sector)10.5% (Average)14.0% (NBFC/Private)
Repayment Period (Tenure)7 Years (84 Months)
1 Year7 Years15 Years
Estimated Monthly Repayment
₹19,613/ month
Principal Loan Amount:₹12,00,000
Total Interest Payable:₹4,47,492
Total Amount Payable:₹16,47,492
Zero impact on CIBIL Score • 100% Free Consultation
Compare Top Education Loan Banks in India (2027)
Verified interest rates, collateral requirements, and digital sanction timelines across leading public and private lenders.
State Bank of India (SBI)
Lowest Interest RateInterest Rate:8.15% - 10.20%
Max Loan Amount:Up to ₹1.50 Crore
Repayment Tenure:Up to 15 Years
Collateral Free:Up to ₹7.5 Lakhs (₹40L for premier NIT/IIT)
Key Benefits:
- 0.50% special concession for girl students
- Moratorium period: Course period + 12 months
- Direct disbursement to college account
HDFC Credila
Fastest SanctionInterest Rate:9.25% - 12.50%
Max Loan Amount:Up to ₹1.00 Crore
Repayment Tenure:Up to 14 Years
Collateral Free:Up to ₹50 Lakhs for top institutes
Key Benefits:
- Digital sanction letter within 48 hours
- 100% finance including living & laptop costs
- Doorstep document collection service
Avanse Financial Services
Customized RepaymentsInterest Rate:10.50% - 13.50%
Max Loan Amount:Up to ₹75 Lakhs
Repayment Tenure:Up to 12 Years
Collateral Free:Up to ₹40 Lakhs
Key Benefits:
- Flexible EMI & simple interest repayment options
- Covers tuition fees, hostel, books and study material
- Pre-visa disbursement for global study programs
Axis Bank Education Loan
High Collateral-Free LimitInterest Rate:9.70% - 13.00%
Max Loan Amount:Up to ₹75 Lakhs
Repayment Tenure:Up to 15 Years
Collateral Free:Up to ₹40 Lakhs without guarantor
Key Benefits:
- Tax rebate under Section 80E with no upper limit
- Quick online pre-approval tracking
- Part prepayment facility without penalty
ICICI Bank iSMART Loan
Zero Margin MoneyInterest Rate:9.50% - 12.75%
Max Loan Amount:Up to ₹1.00 Crore
Repayment Tenure:Up to 12 Years
Collateral Free:Up to ₹50 Lakhs for 200+ listed colleges
Key Benefits:
- Pre-approved loans for existing ICICI customers
- Instant paperless provisional approval
- Coverage for all Indian AICTE/UGC universities
Section 80E Income Tax Benefit
Under Section 80E of the Income Tax Act, you or your parent/co-applicant can claim a 100% tax deduction on the total interest paid on your education loan with no upper limit for up to 8 continuous assessment years.
Mandatory Documents Checklist
- • College Admission Letter with Detailed Fee Structure
- • Student & Co-applicant KYC (Aadhaar & PAN Card)
- • 10th, 12th & Graduation Marksheets
- • Co-applicant 6-Month Bank Statement & Latest ITR/Form 16