Himalayan Bank Education Loan interest rate 2083
Himalayan Bank's education loan is priced at 5.53%–9.03% effective in Shrawan 2083: a 5.03% base rate plus a 0.5%–4% premium. That ranks 2nd cheapest of the 18 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,115, plus a 0.5% processing fee.
- Effective rate
- 5.53% – 9.03%
- Base rate
- 5.03%
- Premium
- 0.5% – 4%
- Processing fee
- 0.5%
- Maximum tenure
- 180 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 2 / 18
- Rates effective
- Shrawan 2083
Effective from: 1 Shrawan 2083Source: himalayanbank.com/en/rates/loan-products-rates
Himalayan Bank Education Loan: effective rate 5.53%, EMI from Rs. 19,115 per month. Compare with 17 other banks.
Rate breakdown
Base rate
5.03%
Premium
0.5%–4%
Effective rate
5.53%–9.03%
Fixed
6.75%
- Processing fee
- 0.5% (Min Rs. 1,000)
- Prepayment penalty
- 1.39%
- 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)
Himalayan Bank Education Loan FAQ
What is Himalayan Bank's current Education Loan interest rate?+
Himalayan Bank's Education Loan floating rate is base rate 5.03% plus a premium of 0.5% to 4%, giving 5.53% to 9.03% effective from Shrawan 2083.
What is the EMI on a Rs. 10 Lakh Education Loan from Himalayan Bank?+
At 5.53% over 60 months, the EMI is roughly Rs. 19,115. Use the calculator above to change the amount or tenure.
Can I prepay a Himalayan Bank Education Loan?+
Yes. The published prepayment charge is 1.39% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
