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Education Loan Decoded.

An education loan helps you finance higher studies in India or abroad. Banks typically cover tuition fees, hostel charges, exam fees, and other study-related expenses. The loan is given directly to the student, with a parent or guardian as co-applicant. Repayment usually begins after you complete your course, with a grace period of 6-12 months to find employment.

Last reviewed: 20 Feb 2026SBI Education Loan

How we source data

  • ✓Primary sources only: All interest rates, fees, and eligibility data are collected directly from official bank websites, RBI circulars, NHB guidelines, and IBA publications.
  • ✓No aggregators or PR: We never use third-party aggregator data, press releases, or unverified rate comparison sites as source material.
  • ✓Regular audits: Each loan type page is reviewed quarterly. The "Last reviewed" date on each page reflects the most recent full data audit.
  • ✓Independence declaration: The Credit Compass has zero commercial relationships with any bank or lender. We earn no referral fees, commissions, or advertising revenue from financial institutions.
  • ✓Last full data audit: January 2026 — covering RBI Monetary Policy Committee rates, all eight comparison banks' official rate cards, and scheme eligibility criteria.
Sources: RBI.org.in · NHB.org.in · IBA.org.in
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