Compare Top Education Loan Offers 2022 Name of Bank Interest Rate (p.a.) Processing Fees Axis 13.70% to 15.20% Nil to Rs.15,000 + GST Bank of Baroda 8.85% to 10.85% 1% of loan amount up to Rs.10,000 HDFC 9.55% to 13.25% Up to 1% of loan amount + tax Kotak Mahindra Bank Up to 16% Nil