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Education Loan

10% p.a. ₹50,000 - ₹5,000,000 | 1 - 10 Years

About This Loan

Invest in your future with our Education Loan. Cover tuition fees, living expenses, books, and travel for studies in India or abroad. Moratorium period till course completion + 6 months.

Key Features

Loan up to ₹5 Lakh for India, higher for abroad
Covers tuition, hostel, books, travel, laptop
Moratorium: Course period + 6 months
Tax benefit under Section 80E
No collateral up to ₹4 Lakh
Simple interest during moratorium period
Flexible repayment after course completion
Quick approval with admission letter

Eligibility Criteria

Student age: 16 to 35 years
Admission confirmed in recognized institution
Co-applicant mandatory (parent/guardian)
Co-applicant minimum income: ₹20,000/month
Academic record: Minimum 60% in last qualification
For abroad: Valid passport & visa
Course should lead to employment

Required Documents

1 Student & Co-applicant Aadhaar & PAN
2 Admission Letter / Offer Letter
3 Fee Structure from Institution
4 Mark Sheets (10th, 12th, Graduation)
5 Co-applicant Income Proof (Salary/ITR)
6 Bank Statement (co-applicant, 6 months)
7 Passport copy (for abroad studies)
8 Property Documents (if collateral required)

What Can You Use It For?

Tuition FeesHostel & LivingBooks & EquipmentTravel ExpensesLaptop/ComputerExam & Lab FeesProject WorkOverseas Studies

Calculate Your EMI

Your Monthly EMI

₹4,249

Loan Amount ₹2,00,000
₹50,000 ₹5,000,000
Tenure 1 Years
1 Yr 10 Yr
Total Interest ₹54,960
Total Payment ₹2,54,960
Apply for Education Loan →
Free Apply No Charges 24hr Approval

Quick Info

Interest Rate 10% p.a.
Processing Fee ₹0 (Nil)
Prepayment Penalty None
Approval Time 24 Hours
Collateral Not Required

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