Education Loan
Fund your (or your child's) higher education — tuition, accommodation and more — with flexible repayment starting after your course.
Apply NowLoan Amount
₹50,000 – ₹20,00,000
Tenure
12 – 84 months
Interest Rate (APR)
10% p.a.
Processing Fee
Up to 1% of loan amount + GST
Moratorium
Course period + up to 12 months
Disbursal Time
3–7 working days after approval
*Indicative figures. Actual interest rate, moratorium and tenure depend on institution, course and credit assessment. See our Interest Rate & Fees Policy for full details.
Eligibility Criteria
- • Student aged 18 years or above with confirmed admission
- • Recognised institution/university (India or abroad)
- • Co-applicant (parent/guardian) with stable income required
- • Co-applicant credit score of 650 or above preferred
- • Valid PAN and Aadhaar (student and co-applicant)
Documents Required
- • Identity & Address Proof: Of both student and co-applicant
- • Admission Proof: Admission letter and fee structure from the institution
- • Academic Records: Mark sheets/certificates of previous qualification
- • Co-applicant Income Proof: Salary slips or ITR
- • Bank Statement: Last 6 months (co-applicant)
- • Photograph: Recent passport-size photo
All documents are collected digitally during the application process — no physical paperwork or branch visit required.
What You Can Use Education Loan For
Tuition Fees
Cover tuition and course fees for domestic or international programs.
Hostel & Accommodation
Fund hostel, PG or accommodation expenses.
Study Material & Laptop
Purchase books, equipment or a laptop for your course.
Travel Expenses
Cover travel costs for students studying abroad.
Exam & Certification Fees
Pay for competitive exams or professional certifications.
Factors That Affect Your Loan Approval
Institution & Course
Recognised institutions and in-demand courses are viewed favourably.
Co-applicant's Profile
The co-applicant's income and credit score strongly influence approval and loan amount.
Admission Confirmation
A confirmed admission offer with fee structure is required before disbursal.
Collateral (for higher amounts)
Larger loan amounts may require collateral or an additional guarantor.
Representative Example
For a loan of ₹5,00,000 at an interest rate of 12% p.a. (APR) for a tenure of 60 months, with a processing fee of 1% + GST:
- • Monthly EMI: approx. ₹11,122
- • Total amount payable: approx. ₹6,67,333
- • Total interest + fees: approx. ₹1,67,333
This is an illustrative example only. Your actual rate, fees and EMI will depend on your credit profile and will be shared before loan acceptance. Use our EMI Calculator for a personalised estimate.
Education Loan FAQs
Yes, a parent or guardian must be a co-applicant, and their income/credit profile is considered during assessment.
It is the period (typically your course duration plus a few months) during which you are not required to pay full EMIs, though interest may still accrue.
Yes, subject to admission confirmation, co-applicant eligibility and credit assessment.
Collateral may be required for higher loan amounts, as per the Company's credit policy.
Loan amounts for tuition fees are typically disbursed directly to the educational institution; other expenses may be disbursed to the co-applicant's account.