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Education Loan -

About Education Loan

We believe, given the right tools and aid every child has the potential to be successful. Our education loans aim to be the very tool that will enable them to reach their goals in life. Educational Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions.

The quantum of expenses covered by this type of loan covers not just the direct expenses such as tuition fees and registration/examination fees, but also allied expenses such as those for uniforms, lab equipment/tools required for the course, travelling expenses and laptop, books and uniform.

An Education loan plan is a safe and efficient way to gain finance for when compromising on your child’s education is not an option. It is a long-term investment in your child’s secure future.

Let your dreams take wing with – the smart study abroad loan. Whatever be your financial situation or status of admission, don’t compromise your goals or hesitate about taking a decision to better your future. Come to and we will find a solution to make your dream take shape.

Apply for loan

Get financing for whatever you need now

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Student Loan

100% education finance now at your doorstep!! You can also pay your easy repayment from abroad also. Customized education loan solution as per your needs.

Foreign Education Loan

Apply now for best education loan with 1000+ happy customers who are granted for education loan. Instant response from our advisor.

Employer Education

To get Education Loan, apply online and check your eligibility, for flexi EMI repay and you can also compare education loan with our compare table with others.

Certificate Courses is one of the best online loan platform to provide variation in loan products. For more detail you can check our loan products. Get a student loan upto 10lakhs and get higher education..

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Features of Education Loan

All loans are not created equal, personal loan has become a great option for people to use.

Amount Limits

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Loan Tenure

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Wider Options

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Tax Rebeate

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Education Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.


Maximum age of applicant : 30 years

A good academic record and good credit history of the co-borrower (parent or guardian) helps with quick education loan approvals.

Loan Guarantor

Taking up an education loan requires a co-applicant which can be the applicant’s parent, spouse, siblings or in-laws. For loans of amounts up to Rs. 4.00 lakh, most banks do not ask for any guarantor or security


You need to have a confirmed admission offer from a recognized college/institution (banks usually have a list of institution that they update from time to time)

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Along with a duly filled education loan application form of the lender bank/ institution and photographs, the applicant is required to submit the following documentation:

  • Letter of admission confirmation received from the college/institution
  • Fee breakdown, stating the tuition fees and other charges provided by the college/institution
  • Copies of mark sheets starting from class 10th to the last qualifying exam cleared
  • A declaration/affidavit to confirm no other loan has been availed for the same or another course
  • Identity and signature proof [Passport, Pan Card, Driving License, Voter ID Card, Aadhar Card or the Employee identity Card in case of government employees]
  • Address Proof [Bank statement, Rent Agreement, Voter ID Card, Ration Card, Passport, Driving License; telephone, electricity, or water bill; Credit Card Bill or Property Tax]
  • Age Proof [Voter ID Card, Secondary School Certificate (class 10), Birth Certificate, Passport or Aadhaar Card]
  • Income proof of co-borrower or the applicant if he/she is employed
  • In case of a salaried individual [Latest salary slip with Form 16 or Salary account bank statement for the six months prior to applying for an education loan]
  • Self-employed businessmen/professionals [Latest ITR, computation of income, Profit & Loss and Balance Sheet certified by a CA, Business continuity proof]
  • Qualification proof of highest professional degree acquired.

The interest rates on Education Loans vary from bank to bank. There are some standard factors that affect interest rates on like education loan tenure, the amount borrowed and the competitive market rates being an important factor.

In case of education loan, girl students are eligible for an additional discount of 0.5% on the rate offered to male borrowers. Usually, the education loan interest rate is computed as a certain percentage usually, between 1.5-2.5% over base rate hence interest rate start from as low as 11.25%.

However, in India, education loans usually charge floating interest rates ranging from 12.00% to 16.00% and repayment periods upto 10 years.

Normally, the repayment of a general loan begins after it is disbursed. The payments or Equated Monthly Installments (EMIs) have to be made each month. But for education, it is different;for ensuring convenience to the students, loan repayment usually starts after the 6 months of course completion or the starting of a job, whichever is earlier.

The period during which borrower is not required to make any repayment is called the moratorium period. Interest calculations do not start on the entire loan amount at once, but only when amounts are disbursed.

During the moratorium period, on an education loan the bank will calculate interest on your loan on simple interest basis and will be accumulated until the end of the moratorium period.There are some banks that offer a concessional interest rate if one agrees to pay the interest portion of the loan in the moratorium period.

Any Indian citizen over 18 years of age with a proven academic track record and a confirmed letter of admission from an Indian or international institute is eligible for an education loan.

Get a Quote

Now apply for a Education Loan online, All you need to do is provide your details below application form.