Which courses are covered?

UG, PG, doctoral programs, professional courses (MBA, MS, MBBS, etc.), and vocational courses in recognized institutes worldwide.

Do I need collateral?

For loans up to ₹7.5L: no collateral. ₹7.5L-₹40L: third-party guarantee or partial collateral. Above ₹40L: full collateral usually required.

When do I start repaying?

Moratorium = course period + 6-12 months. EMI starts after that. Simple interest accrues during moratorium and is added to principal.

What is the tax benefit?

Section 80E: Full interest paid on education loan is tax-deductible for 8 years from start of repayment. No upper limit.

Can I get a loan for an online course?

Some lenders fund online courses from top universities (e.g., Coursera+Top Uni). Most require offline/regular full-time courses.

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Home Loans Education Loan

Starting at 9.15% p.a.

Education Loan

Study in India or Abroad — Loans up to ₹1.5 Crore

Loan up to

₹1.5 Cr

Tenure

15 Years

Processing Fee

0 - 1%

Apply Now Calculate EMI

Education Loan EMI Calculator

Calculate your monthly EMI instantly

Loan Amount

₹

Interest Rate (% p.a.)

Tenure (Years)

yrs

Monthly EMI

₹31,872

Total Interest

₹13,24,670

Total Payment

₹38,24,670

About Education Loan

Don't let finances come in the way of your dreams. Our Education Loans cover tuition, accommodation, books, travel, and other expenses for courses in India and abroad. With loans up to ₹1.5 Cr, moratorium during the course, and tax benefits under Section 80E, you can focus on your studies while we handle the funding.

Key Features & Benefits

Loan up to ₹1.5 Crore

For premier institutes abroad

Moratorium Period

Pay only after course ends

Tax Benefit u/s 80E

Full interest deduction

Cover All Expenses

Tuition, living, travel

Quick Approval

For top universities

No Collateral (up to ₹7.5L)

Government schemes

Eligibility Criteria

For Salaried

Student: Indian citizen
Age: 18-35 years
Admission: Confirmed in recognized institute
Co-applicant: Parent/Guardian required

For Self-Employed

Same as above for student
Co-applicant: Stable income required
Income proof: ITR / Salary slips of co-applicant
Collateral: For loans above ₹7.5L

Documents Required

Student

•KYC documents
•Admission letter
•Mark sheets (10, 12, graduation)
•Entrance exam scores

Co-applicant

•KYC
•Income proof (3 years ITR)
•Bank statements

Course

•Fee structure from institute
•Course duration & accreditation
•Estimated expenses breakdown

Collateral (if needed)

•Property documents OR FD certificate
•Valuation report

Interest Rates Comparison

Bank / NBFC	Interest Rate	Processing Fee	Apply
SBI	9.15% - 11.15%	0 (up to ₹20L)	Apply →
HDFC Credila	10.25% - 13.00%	Up to 1%	Apply →
Axis Bank	13.70% - 15.20%	Up to 2%	Apply →
ICICI Bank	10.50% - 13.50%	Up to 1%	Apply →
PNB	9.25% - 11.85%	1%	Apply →
Bank of Baroda	9.70% - 11.95%	1%	Apply →

Application Process

Apply

Submit admission letter

Eligibility

Course & co-applicant check

Documents

Submit financial docs

Sanction

Sanction letter for visa

Disbursal

Direct to institute

Frequently Asked Questions

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