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8 Indian lenders compared. Public-sector banks (lowest rates, slower processing, strict collateral above ₹7.5L). Private banks (faster, slightly higher rates). NBFCs (fastest, often non-collateral up to ₹40-50L for premium institutions, highest rates). Shishya has zero affiliate or referral arrangement with any lender on this page. Numbers are indicative — actual rate depends on co-applicant income + co-applicant credit + institution + program.
Largest single education-loan provider for Indians studying abroad. Strict collateral discipline; reliable disbursement; longer processing than NBFCs.
Fastest sanction (4-7 days for top universities). Higher rates than banks but faster + more flexible on documentation. Very common for US MS / Canada PG.
Strong for premium-institute list (IIMs, top US/UK). Slightly higher rates than SBI; faster processing.
Good for ICICI bank account holders (existing relationship discount). Decent processing speed.
Among the lowest rates from public-sector banks. Slower processing than NBFCs.
Quick sanction + flexible documentation. Higher rates than banks. Often funds the bridge between PG admit and bank loan.
Not a lender — compares offers from SBI, HDFC, Axis, ICICI, Avanse + others. Useful first stop before approaching individual lenders. Shishya does NOT have an affiliate relationship with them — just an honest mention.
Specialised in international students; USD-denominated so no rupee depreciation risk. Premium for top US MBA / MS programs; rejects most non-premium institutions.
Under Section 80E of the Income Tax Act, the interest paid on an education loan is fully deductible from taxable income for the borrower (no upper limit). The deduction is available for 8 assessment years starting from the year you begin repayment, or until interest is fully paid — whichever is earlier.