Description

Education Loans are designed to help students and parents finance higher studies in India or abroad. With low interest rates and flexible repayment options, students can pursue their dream education without financial burdens.

Your dreams shouldn’t be limited by finances. Get an Education Loan at affordable interest rates with flexible repayment options and start your journey towards success today.

Eligibility Criteria for Education Loan

Required Documents for Education Loan Application

  • Admission letter from university/college
  • KYC documents of student & co-applicant
  • Income proof of co-applicant (ITR, Salary Slips)
  • Collateral documents (if applicable)
  • Academic records & fee structure

Education Loan FAQs – Retail Sales Team

Tuition fees, books, accommodation, travel, and other expenses.

Up to 15 years, with a moratorium period.

Yes, a parent/guardian is required as a co-applicant.

Yes, loans are available for studying abroad.

Required for loans above ₹7.5 Lakhs.

No, a co-applicant is mandatory.

INR 50,000 to INR 1.5 Crores, depending on course & institute.

Visa, admission letter, GRE/GMAT/IELTS scores, etc.

Yes, usually course duration plus 6 to 12 months.

Yes, most banks allow online applications.

Generally 7.5% to 13%.

Some lenders charge a nominal processing fee.

Yes, with or without foreclosure charges.

 

The repayment moratorium allows time for job search.

Yes, under Section 80E of the IT Act.