Key Features
- Competitive interest rates starting at 8.00% p.a.
- Study in India and abroad
- Moratorium period during study + 6 months
- Simple documentation process
- Competitive interest rates starting at 8.00% p.a.
- Study in India and abroad
- Moratorium period during study + 6 months
- Simple documentation process
What Does Our Education Loan Cover?
Tuition & Academic Fees
- College/University fees
- Examination fees
- Library charges
- Laboratory fees
- Hostel & accommodation
Living & Other Expenses
- Books and study materials
- Purchase of equipment/laptop
- Travel expenses
- Insurance premium
- Caution deposit/refundable fees
Eligibility Criteria
Student
Indian national with confirmed admission to recognized institutions
Good academic record in previous examinations
Co-Applicant
Parent/Guardian/Spouse as co-applicant is mandatory
Co-applicant should have stable income source
Course
Professional/technical courses from recognized universities
Graduate, post-graduate, and doctoral programs eligible
Age Limit
Minimum 18 years; no maximum age limit for student
Documents Required
Student Documents
- Admission letter from institution
- Mark sheets of last qualifying examination
- Fee structure from institution
- PAN Card and Aadhaar Card
- Passport (for study abroad)
- 2 passport size photographs
Co-Applicant Documents
- Income proof (salary slips/ITR)
- Bank statements (6 months)
- Identity and address proof
- PAN Card
- Property documents (if any)
- Employment/Business proof
Interest Rates & Charges
| Particulars | Details |
|---|---|
| Interest Rate (Study in India) | 8.00% – 10.00% p.a. |
| Interest Rate (Study Abroad) | 9.00% – 11.00% p.a. |
| Processing Fee | 1% of loan amount + GST |
| Moratorium Period | Course duration + 6 months |
| Repayment Tenure | Up to 15 years after course |
Why Choose Our Education Loan?
Study in India & abroad
Lowest interest rates
Moratorium period
Tax benefits u/s 80E