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Education Loan

Fund Your Academic Future with
Education Loan

Loan amount | Quick Disbursal | Flexible EMI

Home>Education Loan>Overview

Education Loan Overview

Pursue higher education in top Indian universities and leading overseas institutions with student-friendly education loans starting from 8.50% p.a., full tuition and living expense coverage, and flexible repayment tenures up to 15 years.

Education Loan Interest Rates & Key Details
Interest RatesFrom 8.50% p.a.
Loan Amount₹2L – ₹1.5Cr
Maximum TenureUp to 15 Years
Disbursal Turnaround2 to 3 Working Days
Upfront ChargesZero Advance Cash Fees
verifiedAuthorized Lending Bank PartnersInstant Sanction Desks
State Bank of India
SBIStarting 8.50% p.a.
Punjab National Bank
PNBStarting 8.50% p.a.
Canara Bank
Canara BankStarting 8.60% p.a.
HDFC Bank
HDFC BankStarting 9.00% p.a.
ICICI Bank
ICICI BankStarting 9.25% p.a.
Axis Bank
Axis BankStarting 9.50% p.a.
Direct Disbursal Channel

Apply for Education Loan

Compare instant quotes across 50+ banks with zero upfront charges.

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₹25,00,000
₹2,00,000₹1,50,00,000
speed
Estimated EMI (~5 Yrs)₹53,735 /mo
Sanction SLAWithin 24 Hours
lock256-Bit SSL•verified_userDPDP Compliant•money_offZero Upfront Fee

Authorized Co-Lending Network With 50+ Scheduled Banks & Premier NBFCs

HDFC Bank
HDFC Bank
Starting 8.75% p.a.
State Bank of India
State Bank of India
Starting 7.25% p.a.
Punjab National Bank
Punjab National Bank
Starting 7.25% p.a.
Canara Bank
Canara Bank
Starting 7.25% p.a.
Indian Bank
Indian Bank
Starting 7.25% p.a.
ICICI Bank
ICICI Bank
Starting 8.90% p.a.
Axis Bank
Axis Bank
Starting 9.25% p.a.
Kotak Mahindra Bank
Kotak Mahindra Bank
Starting 8.50% p.a.
IDFC FIRST Bank
IDFC FIRST Bank
Starting 9.75% p.a.
Tata Capital
Tata Capital
Starting 9.99% p.a.
Bajaj Finserv
Bajaj Finserv
Starting 10.50% p.a.
Piramal Finance
Piramal Finance
Starting 9.40% p.a.
L&T Finance
L&T Finance
Starting 10.25% p.a.
IndusInd Bank
IndusInd Bank
Starting 9.40% p.a.
Bank of Baroda
Bank of Baroda
Starting 8.60% p.a.
Poonawalla Fincorp
Poonawalla Fincorp
Starting 9.99% p.a.
HDFC Bank
HDFC Bank
Starting 8.75% p.a.
State Bank of India
State Bank of India
Starting 7.25% p.a.
Punjab National Bank
Punjab National Bank
Starting 7.25% p.a.
Canara Bank
Canara Bank
Starting 7.25% p.a.
Indian Bank
Indian Bank
Starting 7.25% p.a.
ICICI Bank
ICICI Bank
Starting 8.90% p.a.
Axis Bank
Axis Bank
Starting 9.25% p.a.
Kotak Mahindra Bank
Kotak Mahindra Bank
Starting 8.50% p.a.
IDFC FIRST Bank
IDFC FIRST Bank
Starting 9.75% p.a.
Tata Capital
Tata Capital
Starting 9.99% p.a.
Bajaj Finserv
Bajaj Finserv
Starting 10.50% p.a.
Piramal Finance
Piramal Finance
Starting 9.40% p.a.
L&T Finance
L&T Finance
Starting 10.25% p.a.
IndusInd Bank
IndusInd Bank
Starting 9.40% p.a.
Bank of Baroda
Bank of Baroda
Starting 8.60% p.a.
Poonawalla Fincorp
Poonawalla Fincorp
Starting 9.99% p.a.
auto_awesomeKey Advantages

Education Loan Features & Benefits

Key product features and underwriting advantages tailored for you.

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01

Up to 100% Complete Financing

Covers full tuition fees, accommodation, laboratory charges, laptop, books, and living expenses.

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02

Lowest Student Rates from 8.50% p.a.

Special concessionary interest rates for premier institutes (IITs, IIMs, AIIMS, and Ivy League universities).

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03

Moratorium Period Included

Repayment holiday during the course period plus 6 to 12 months after course completion or job placement.

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04

Collateral-Free up to ₹50 Lakhs

Fast-track unsecured education financing based on admission offer letter and co-applicant profile.

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05

Pre-Visa Sanction Letters

Fast in-principle loan sanction letters to meet international student visa financial clearance.

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06

Tax Deduction Under Sec 80E

Claim 100% tax deductions on interest paid towards education loan without any upper financial cap for 8 years.

fact_checkFast-Track Verification

Eligibility & Documents Required

Minimal documentation with 100% digital verification.

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Eligibility Criteria

Basic qualifications to apply

  • check_circleNationality: Indian citizen with confirmed admission in recognized higher education courses in India or abroad.
  • check_circleEligible Courses: Graduation, Post-Graduation, Engineering, Medical, MBA, STEM, and certified vocational programs.
  • check_circleCo-Applicant Requirement: Parent, spouse, legal guardian, or sibling with verifiable income as co-borrower.
  • check_circleAcademic Track Record: Minimum 50%+ aggregate in qualifying examinations.
  • check_circleCredit Profile: Minimum 650+ CIBIL score for co-applicant.
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Documents Required

Simple digital paperless upload

  • task_altStudent KYC: PAN Card, Aadhaar Card, Passport (mandatory for overseas studies).
  • task_altAcademic Records: 10th, 12th, Degree Marksheets, and Entrance Exam Scorecard (GRE, GMAT, IELTS, TOEFL, CAT, etc.).
  • task_altAdmission Proof: Formal Admission Offer Letter / I-20 / CAS from the university with detailed fee schedule.
  • task_altCo-Applicant KYC & Income Proof: PAN, Aadhaar, 3 Months Salary Slips (Salaried) / 2 Years ITR (Self-Employed), and 6 Months Bank Statements.
calculateInstant Financial Underwriting Tools

EMI Calculator for Education Loan

Simulate your monthly installment and total interest for Education Loan.

₹25,00,000
₹1 Lakh₹1 Crore₹5 Crore
8.50%
7.20%15.00%24.00%
10 Yrs (120 Mos)
1 Year5 Years10 Years20 Years
Estimated Monthly EMI
₹30,996/ month
Principal: 67%Interest: 33%
Principal Amount₹25,00,000
Total Interest₹12,19,520
Total Amount Payable₹37,19,520
10 Years Tenure
quizFAQs

Frequently Asked Questions

Education loans cover 100% of university tuition fees, exam fees, hostel & living accommodation, books, equipment (laptop), health insurance, and return air travel for overseas courses.

Ready to Apply for Education Loan?

Get matched across 50+ premier banks & NBFCs with zero upfront fees and minimal paperwork.

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