Education Loan Transfer From One Bank To Another: Guide 2025 | GyanDhan

Question

Let’s say, Rohit, a postgraduate student took an education loan of INR 30 Lakh at 12%. His EMI was INR 43,566 and his total amount payable to the bank including the interest was INR 71,84,00. However, he transferred his loan to another bank with a 10% interest rate, where his EMI became INR 40,462. And his total amount payable became INR 63,12,000. Can you see the amount that Rohit will be saving? Can you imagine how much money you can save, even with a 2% lower interest rate? If you are wondering if we can transfer education loan from one bank to another? This is a companion discussion topic for the original entry at