Personal Loan
An unsecured loan for medical needs, weddings, travel, education or any personal need, arranged through our partner banks and NBFCs.
Loans
Loans for college, professional and overseas study, covering tuition, hostel, books and travel, arranged through our partner banks and NBFCs.
- Loans
- Usually 1 to 3 weeks from a complete file, depending on the lender*
About Education Loan
An education loan pays for higher studies in India or abroad: tuition fees, hostel and living costs, books, a laptop, exam fees and travel. Repayment usually starts after the course ends, with a moratorium period set by the lender.
We help the student and the co-borrower (usually a parent) understand the options, collect the admission and income documents, compare partner banks and NBFCs and follow up until the lender decides. The amount, interest rate and security needed are set by the lender.
Education loans are subject to the lender’s approval and credit policy. We are not the lender.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Who Needs This Service
- Students admitted to a graduate, post-graduate or professional course in India
- Students with an admission offer from a university abroad
- Parents who want to fund their child’s studies without using all their savings
- Working professionals going back to study for a higher degree
Key Benefits
Most course costs covered
Tuition, hostel, books, equipment and travel can usually be included, as per the lender’s policy.
Repay after the course
Most lenders allow a moratorium during the course and for a period after it.
Tax benefit on interest
Interest paid on an eligible education loan can be claimed as a deduction under the Income Tax Act, as per current rules.
Lenders compared for you
We compare partner banks and NBFCs so you choose with the full picture.
Eligibility and Applicability
- Indian students with confirmed admission to a recognised course
- A parent, guardian or spouse as co-borrower with a regular income
- Collateral or a third-party guarantee for higher amounts, as the lender decides
- Courses in India and abroad, as per the lender’s list of approved institutions
Loan limits, collateral rules and the list of approved courses differ by lender and change often. We confirm the current criteria before you apply.
Documents Commonly Required
Student
- Aadhaar and PAN card
- Admission or offer letter
- Fee structure from the institution
- Marksheets of the last qualifying exams
- Passport and visa, for study abroad
Co-borrower
- Aadhaar and PAN card
- Salary slips and Form 16, or ITR for the last 2 years if self-employed
- Bank statements for the last 6 months
- Property papers, if collateral is offered
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Share your admission details
Tell us the course, institution, fees and how much you need.
Eligibility check
We check the co-borrower’s income and credit score and the course’s eligibility.
Compare lenders
We explain the options from partner lenders, including moratorium and security.
File preparation
We check every document so the application goes in complete.
Sanction and disbursal
After sanction, the lender usually pays the fees directly to the institution.
Estimated Timeline and Fees
Estimated timeline
Usually 1 to 3 weeks from a complete file, depending on the lender
Loans with collateral or for study abroad can take longer because of valuation and verification.
Our service fee
Our service fee, if any, is explained to you in writing before you apply.
Lender / third-party charges
The lender may charge a processing fee, stamp duty and other charges as per its policy. These are shown in the sanction letter.
* Approval, interest rate, loan amount, moratorium and tenure are decided by the lender under its credit policy.
Common Mistakes to Avoid
- Applying only after the fee deadline is close
- Not checking whether the course and institution are on the lender’s approved list
- Ignoring the interest that builds up during the moratorium
- Giving incomplete income documents for the co-borrower
Frequently Asked Questions
Is collateral always needed?
No. Lenders often give smaller amounts without collateral, against the co-borrower’s income. Higher amounts usually need property or another security. The limits are set by each lender.
When does repayment start?
Most lenders allow a moratorium for the course period plus some months after it. Some ask for simple interest to be paid during the course. The sanction letter shows the exact terms.
Can I get a loan for study abroad?
Yes. Many partner lenders fund study abroad for approved universities. You need the offer letter, fee details and, usually, the passport and visa.
Is there a tax benefit?
Interest paid on an education loan from an approved lender can be claimed as a deduction under the Income Tax Act for a limited number of years, as per current rules. We can explain how it applies in your return.
Related Services
You May Also Need
Personal, Business, Home and Vehicle Loans
Help choosing and applying for personal, business, home, property, vehicle and education loans through our partner banks and NBFCs.
Income Tax Return Filing
Preparation and filing of income tax returns for salaried individuals, professionals, freelancers and business owners.
Talk to Our Team
Have a Question About Education Loan?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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