Education Loan
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Education Loan
Invest in your future with our comprehensive education loan solutions covering studies in India and abroad. We finance up to ₹1.5 crores for international education and ₹50 lakhs for domestic courses, covering tuition fees, accommodation, travel, and other expenses. Our education loans come with attractive interest rates starting at 8.50% p.a. and repayment moratorium periods up to 12 months after course completion. With collateral-free loans available up to ₹40 lakhs and quick processing, we make quality education accessible to all deserving students.
Why Choose Our Education Loan?
Our education loans stand out with features like 100% finance for top global universities, flexible repayment options up to 15 years, and interest subsidies for meritorious students. We cover all major courses including engineering, medicine, management, arts, and vocational programs at recognized institutions worldwide. Special benefits include zero processing fees for some courses, forex assistance for abroad studies, and doorstep document collection. Our dedicated education loan counselors help you navigate the entire process from application to disbursement.
- Loan amounts up to ₹1.5 crore for international education
- Moratorium period up to course completion + 12 months
- Competitive interest rates starting at 8.50% p.a.
- Collateral-free loans available up to ₹40 lakhs
We understand that every student's educational journey is unique. That's why we offer customized solutions covering undergraduate, postgraduate, doctoral, and diploma courses across all disciplines. Our partnerships with leading universities worldwide help streamline the admission and loan process. Special concessions are available for female students and those pursuing courses in premier institutions. With our digital platform, you can track your application status, make payments, and access repayment calculators anytime.
Frequently Asked Questions
What expenses are covered under education loans?
Our education loans cover tuition fees, examination/library fees, accommodation charges, travel expenses, insurance premium, study tours/thesis expenses, and cost of equipment like computers. For abroad studies, we also cover airfare, caution deposits, and initial settling-in expenses. The complete list of covered expenses varies based on the course and institution.
What is the eligibility criteria for education loans?
The student should be an Indian national aged 16-35 years with confirmed admission to a recognized institution. For loans above ₹7.5 lakhs, collateral security is required. The co-applicant (parent/guardian) should have regular income sufficient to service the loan during moratorium. Academic performance and future earning potential are also considered.
When does repayment of education loan begin?
Repayment typically begins after the course completion period plus 6-12 months (moratorium period). For employed students, EMI payments start immediately after moratorium ends. During studies, only simple interest needs to be paid (optional). Some loans offer interest-only repayment during moratorium to reduce final burden.
