Education Financing

Complete Education Loan Guide

Finance your dream education in India or abroad

Types of Education Loans

Domestic Education Loan

Amount

₹10 lakhs - ₹2 crores

Rate

7-9% p.a.

For engineering, medical, MBA in Indian universities

Overseas Education Loan

Amount

₹20 lakhs - ₹1 crore

Rate

8-11% p.a.

For studies in US, UK, Canada, Australia, and other countries

Professional Course Loan

Amount

₹5 lakhs - ₹50 lakhs

Rate

7.5-10% p.a.

For CA, CS, CFA, TOEFL, GMAT, IELTS preparation

Research & Higher Studies

Amount

₹10 lakhs - ₹1 crore

Rate

7-9% p.a.

For PhD, Post-doctorate, and research programs

Education Loan Eligibility

Age

Student: 18-35 years, Co-applicant: up to 60 years

Admission

Must have admission in recognized institution

Course Duration

Minimum 6 months course (full-time)

Academic Score

12th pass or higher with good grades

Co-applicant

Parent/guardian with stable income required

CIBIL Score

Minimum 650+ (family credit score)

Repayment & Moratorium Options

Study Period Moratorium

During course + 6 months

No EMI during studies, only interest paid by bank/student

Post-Study Moratorium

1-2 years after studies

Grace period before starting full EMI repayment

Tenure Options

5-15 years

Choose EMI duration based on course and future income

Flexible Repayment

Variable EMI

Lower EMI initially, increase as income grows

Required Documents

12th & graduation mark sheets

Course admission letter

Fee structure document

Identity proof (Aadhaar, PAN)

Co-applicant ITR/salary slips

Bank statements (6 months)

Property documents (if applicable)

Loan guarantee/collateral details

Apply for Education Loan

Get funding for your dream course and build your future

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