Education Loan Features

Low Interest Rates

Interest rates starting as low as 7% p.a.

Flexible Repayment

Repayment options from 12 to 15 years.

Quick Processing

Fast approval and disbursal to help you meet your educational goals.

No Collateral

Get an education loan without the need for collateral.

Why Choose Our Education Loan?

Benefit from our specialized education loans:

  • Loans for higher education in India and abroad
  • Minimal documentation and fast approval
  • Flexible repayment tenure options
  • Loan amounts up to ₹50 lakhs
  • Transparent terms with no hidden charges

Finance Your Higher Education

Get the education loan you need to pursue your dreams, whether for undergraduate or postgraduate courses.

  • Quick and easy application process
  • Flexible repayment plans
  • Competitive interest rates

Apply for Education Loan Now

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Education Loan Eligibility

Check your eligibility for an education loan:

  • Age - 18 to 35 years old
  • Income - Minimum monthly income of ₹20,000
  • Credit Score - Minimum 650

Documents Required

  • Identity Proof (Aadhar, PAN Card)
  • Address Proof (Utility Bills, Passport)
  • Income Proof (Salary Slips, Bank Statements)
  • Admission Letter (University or College Letter)

Education Loan Calculator

Estimate your monthly EMI for an education loan using the formula below.

EMI Calculation Formula:

The formula for calculating EMI is:

EMI = P × r × (1 + r)^n / [(1 + r)^n - 1]

Example EMI Calculation:

Example details:

  • Loan Amount (P): ₹5,00,000
  • Annual Interest Rate: 8% (monthly r = 0.00667)
  • Tenure (n): 5 years (60 months)

EMI = ₹10,090.53

Frequently Asked Questions
What is an education loan?
An education loan is a financial product designed to help students pay for higher education. It covers tuition fees, accommodation, and other related expenses.
How much can I borrow for an education loan?
The loan amount typically ranges from ₹50,000 to ₹20,00,000, depending on the course, institution, and your eligibility criteria such as income and credit score.
What is the repayment tenure for an education loan?
The repayment tenure for an education loan generally ranges from 5 to 15 years, with the option of starting repayment after completing your studies.
Do I need collateral for an education loan?
For loans up to ₹7.5 lakh, no collateral is required. For loans above ₹7.5 lakh, you may need to provide collateral, such as property or fixed deposits.
What are the eligibility criteria for an education loan?
To qualify for an education loan, you must be an Indian citizen, enrolled in a recognized institution, and meet the lender's income and credit score requirements.