Everest Bank Education Loan interest rate 2083
Everest Bank's education loan is priced at 6.13%–8.13% effective in Bhadra 2083: a 4.13% base rate plus a 2%–4% premium. That ranks 7th cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,393, plus a 0.5% processing fee.
- Effective rate
- 6.13% – 8.13%
- Base rate
- 4.13%
- Premium
- 2% – 4%
- Processing fee
- 0.5%
- Maximum tenure
- 180 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 7 / 18
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: everestbankltd.com/supports/interest-and-rates/interest-rates-loans-and-advances/
Everest Bank Education Loan: effective rate 6.13%, EMI from Rs. 19,393 per month. Compare with 17 other banks.
Rate breakdown
Base rate
4.13%
Premium
2%–4%
Effective rate
6.13%–8.13%
Fixed
8%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.48%
- Fixed-rate terms
- Up to 7 years
- Loan amount
- Rs. 2 Lakh – Rs. 1 Cr
- Tenure
- 12 – 180 months
- Max financing
- 80%
- Age
- 21 – 40 years
Highlights
- Nepal and abroad study
- Moratorium during study
- Covers tuition, living and travel
Who is eligible
Admission letter and fee structure required. Parent or guardian as co-borrower.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Admission letter
- Fee structure
- Passport (for abroad)
Everest Bank Education Loan FAQ
What is Everest Bank's current Education Loan interest rate?+
Everest Bank's Education Loan floating rate is base rate 4.13% plus a premium of 2% to 4%, giving 6.13% to 8.13% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Everest Bank?+
At 6.13% over 60 months, the EMI is roughly Rs. 19,393. Use the calculator above to change the amount or tenure.
Can I prepay a Everest Bank Education Loan?+
Yes. The published prepayment charge is 1.48% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
