Marksheet loans for students: From eligibility to interest rates; all you need to know

To pursue higher education anywhere in the world, students not only require good grades but having enough finances is equally important. Banks Interest rate HDFC Bank 9.55% to 13.25% p.a State Bank of India 6.85% to 8.65% p.a Axis Bank 13.70% to 15.20% p.a Union Bank of India 6.80% to 10.05% p.a Punjab National Bank 6.90% to 9.55% p.a Canara Bank 8.75% to 9.25% p.a UCO Bank 7.30% to 9.70% p.a Bank of Baroda 7.60% to 9.70% p.a Eligibility for a marksheet loan Please note that the eligibility criteria may differ from bank to bank, the listed points are some common factors: Academics : The basic requirement for a marksheet loan is good academic performance. Banks will need a minimum mark or percentage in qualifying examinations, which may include marksheet of Class 10th or 12th or graduation : The basic requirement for a marksheet loan is good academic performance. Banks will need a minimum mark or percentage in qualifying examinations, which may include marksheet of Class 10th or 12th or graduation Education : Banks provide marksheet loans to students who pursue those courses recognised by them. Costs covered by marksheet loan Some of the common costs covered by marksheet loans are: Tuition fees Examination fees Accommodation costs Books and related expenses Library fees Two-wheeler Travel costs for students planning to study abroad.