Private Student Loans in India
Private Student Loans in India: Private student loans are not as common as they are in the USA, but there are still a few options available for those who need additional funds to pay for their education. Here are some of the best private student loans in India for 2023:
Avanse Education Loans: This lender offers private education loans with interest rates starting from 10.25% per annum. They offer loan amounts ranging from Rs. 50,000 up to Rs. 1.5 crores, with repayment terms up to 15 years. They also offer a variety of repayment options, including deferred, fixed, and interest-only payments.
HDFC Credila: This lender offers private education loans with interest rates starting from 10.40% per annum. They offer loan amounts ranging from Rs. 1 lakh up to Rs. 1.5 crores, with repayment terms up to 15 years. They also offer a variety of repayment options, including deferred, fixed, and interest-only payments.
InCred Education Loans: This lender offers private education loans with interest rates starting from 10.50% per annum. They offer loan amounts ranging from Rs. 1 lakh up to Rs. 50 lakhs, with repayment terms up to 10 years. They also offer a variety of repayment options, including deferred, fixed, and interest-only payments.
Axis Bank Education Loans: This lender offers private education loans with interest rates starting from 11.50% per annum. They offer loan amounts ranging from Rs. 50,000 up to Rs. 75 lakhs, with repayment terms up to 15 years. They also offer a variety of repayment options, including deferred, fixed, and interest-only payments.
When considering a private education loan, it’s important to read the terms and conditions carefully, including the interest rate, fees, and repayment terms. It’s also important to exhaust all government education loan options before considering a private loan, as government loans typically offer more favorable terms and conditions.
