Education Loan 50K+ Monthly · High Growth June 2026 · Karthik, Vijayawada AP · 8 min read

Education Loan India 2026 Complete Guide for Students and Parents

Complete education loan guide for India 2026. Eligibility, loan amounts up to ₹1.5 crore, moratorium period, Section 80E tax benefit. Top banks compared with interest rates.

Education Loan in India 2026 — Key Facts

Parameter	Domestic Studies	Abroad Studies
Maximum Loan	Up to ₹75 lakh	Up to ₹1.5 crore
Moratorium Period	Course duration + 1 year	Course duration + 1 year
Repayment Tenure	Up to 15 years	Up to 15 years
Collateral (above ₹7.5L)	Property/FD required	Property/FD required
Section 80E Tax Benefit	100% interest, 8 years	100% interest, 8 years

Education Loan Interest Rates — All Banks 2026

Bank	Domestic Rate	Abroad Rate	Girl Student Concession
SBI Scholar Loan	9.55%	11.15%	0.50% lower
Canara Bank Vidya Turant	9.50%	10.50%	0.50% lower
Bank of Baroda Baroda Scholars	9.70%	10.60%	0.50% lower
HDFC Credila	10.50%	11.50%	Case-by-case
Avanse Financial	12%	13%	Faster processing

Section 80E Tax Benefit — Education Loan Interest

100% of interest deductible — no upper limit
Available for 8 consecutive years from first EMI
Old Tax Regime only
For: self, spouse, children, legal ward
Not for principal repayment (unlike home loan)

Education Loan EMI After Moratorium

Loan Amount	Rate	Tenure	Monthly EMI
₹5,00,000	9.5%	10 years	₹6,455/month
₹10,00,000	9.5%	10 years	₹12,910/month
₹20,00,000	10.5%	15 years	₹22,098/month
₹50,00,000	11.5%	15 years	₹58,240/month

FAQs

PM Vidyalakshmi Portal — what is it? +

vidyalakshmi.co.in is a government portal to apply for education loans from all major banks in one place. Compare loan offers, check eligibility, apply online, track status. Also gateway for PM Central Sector Scholarship scheme. Recommended starting point for all education loan applications.

Is there subsidy on education loan interest? +

Yes! Central Sector Interest Subsidy (CSIS): Government pays full interest during moratorium for students from families with income below ₹4.5 lakh/year. Apply through Vidyalakshmi portal within 1 month of loan disbursal. Also: Dr. Ambedkar scheme for OBC/EBC students for professional courses.