Am I eligible for an Education Loan at Tata Capital?

Yes, you are -If you are an Indian nationalBetween the age of 18- 45 years, pursuing Undergraduate Postgraduate Program, Executive MBA or other Vocational coursesA student with proven academic record

Who can apply for the ed loan?

To apply for an education loan, you must-Be an Indian nationalBe between 18 and 35 years of ageHave completed 10+2/diplomaBe pursuing a Graduation, Postgraduate degree, or PG diploma in professional educationHave applied to accredited institutes in India or abroad

What are the courses for which one can avail a student Loan?

You can apply for an education loan for-Graduation/post-graduation degrees from recognised universitiesExecutive and other courses from reputable universitiesPhD programsUndergraduate, postgraduate, executive, and vocational courses in India or overseas for students aged 18 to 45

What is the minimum salary requirement to apply for an Education Loan?

The co-applicant must have a regular income. Required financial documents include-Last three months' salary slipsLast two years' Form 16ITRs of the last three yearsBalance sheets and P&L accountsBank statements for the last six monthsProof of business

Apply for Education Loan Online in India: Up to ₹ 2 Crore*

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Education Loan

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Overview Document Required Rates and Charges EMI Calculator

Get Education Loan Up to ₹ 2 Crore*

We, at Tata Capital align with Tata Group’s commitment to Education. We believe that education is the key to a nation’s progress & a brighter future. Thereby, quality education should be accessible to all socio – economic backgrounds. With a thorough understanding on the transformative power of higher education, Tata Capital is now introducing Education Loans to enable students to pursue higher education, both in India & Overseas, thereby facilitating their personal and professional growth.

We are here to empower your dreams with our tailored education loan solutions.

Disclaimer: Education Loans are at the sole discretion of Tata Capital Limited (TCL).

Loan amount offered

Upto ₹ 85 Lakhs unsecured

Upto ₹ 200 Lakhs secured

Loan tenure

Upto 13 Years

Interest rate

11.00* to 13.50%

Education Loan Interest Rates & Charges

Education Loan – TCL Retail Prime Lending Rates (TCL RPLR)

Effective From	TCL RPLR
September 1st 2024	11.50%
May 1st 2024	11.30%

Note: The above PLR will be applicable for the cases disbursed on or after 1st May 2024.

Effective From	TCL RPLR
March 11th 2024	15.25%
December 22nd 2023	15.00%

Note: The above PLR will be applicable for the cases disbursed before 1st May 2024.

Penal Charges

Penal Charges, if any, in case of delayed payments

3% per month on overdue amount

Dishonour of any cheque/
payment instruments

These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 per instrument per instance.

Mandate Rejection Service Charge

Charges will be levied if a new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the borrower’s bank for any reason whatsoever. Tata Capital charges a nominal amount of Rs. 450 + GST.

Other Charges

Foreclosure Charges, if applicable

Charges for switching of loans from floating to fixed rate and vice versa

Part Payment Charges

NIL

Payment Instruments Swapping Charges

Rs. 550/- per swap instance

Cancellation Charges

Duplicate Repayment Schedule

Rs. 550/-

Duplicate NOC

Rs. 550/-

Outstation Collection Charges

At Actuals

Statement of Account (SOA)

Customer Portal – Nil

Branch walk-in – Rs. 250/-

Foreclosure Letter

Nil

Processing Fee

Upto 2% + applicable taxes

For issue of duplicate copy of agreement

Nil

List of Documents
(LOD) Statement charges

Nil

Provisional Interest certificate charges

Nil

Final Interest certificate charges

Nil

Other Statement request charges

Nil

ROC Charges

Nil

Legal and Technical Charges (incase of secured)

RS. 5000/-

Document retrieval charges (incase of secured)

Rs. 5,000/-

CERSAI Charges (Non Refundable)

For loans upto ₹ 5 Lacs - ₹ 50 (per filing/modification)

For loans above ₹ 5 Lacs - ₹ 100 (per filing/modification)

Or such other charges as may be stipulated by Central Registry from time to time

Education Loan Eligibility

Factor	Eligibility
Nationality	Indian
Age	18 to 35 years
Qualification	Completed 10+2/diploma
To pursue course	Graduation/Postgraduate degree or a PG diploma in professional education
University applied to	Listed, recognized, and accredited institutes in India and abroad
Basis for loan sanction	Pre-admission sanction Entrance exam scores like GRE, GMAT etc. 12th/HSC results Confirmed admission
Loan amount	Up to Rs. 85 lakhs unsecured Up to Rs. 2 crores secured
Co-borrower	Father, mother, brother, sister, spouse (husband/wife), grandparents, parents-in-law, maternal/paternal uncle
Security	Property, fixed deposit, Existing Tata Capital home loan for cross collateral.

Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

Documents Required for Education Loan

Photograph
Photo Identity Proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Permanent Account Number OR Form 60 (wherever applicable)
Address Proof:
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Signature Verification
Income Proof- Submit Form 16 for the last 2 years and a copy of your bank statements for the last 6 months
Salary Slips
A Copy of your Salary slips for the last three months

Photograph
Photo Identity Proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Permanent Account Number OR Form 60 (wherever applicable)
Address Proof- A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Signature Verification
Income Proof
Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last 6 months

How do I Apply for Student Loan?

Online Application for Student Loan

Want maximum convenience when applying for an education loan? Apply online through our website by just filling up your basic details.

Document Submission

Post receiving your basic loan eligibility, furnish the required documents to take your application ahead.

Verification

We will verify your application and submitted documents.

Approval & Sanction

Post approval, the loan is sanctioned.

Disbursal

Receive the amount in the bank account - it's that simple!

Features & Benefits of Education Loan

Tata Capital’s education loan in India is designed to ease the financial load of pursuing higher studies. Here’s what makes it a reliable choice:

High Loan Amount

Get ample funding to cover tuition, accommodation, travel, and other academic costs.

Attractive Interest Rates

Benefit from competitive rates that make repayment easier for students and families.

Pre-Admission Sanction

Secure your loan even before you receive admission confirmation.

No Margin Money Required

Cover the entire cost of education without needing to contribute from your pocket.

Covers Various Courses

Apply for funding across undergraduate, postgraduate, professional, or vocational programs.

Easy Disbursal

Enjoy a quick and efficient loan disbursal process to meet payment deadlines without stress.

Apply with a Guardian

Students can strengthen their application by applying jointly with a parent or guardian.

Why Should I Apply for an Education Loan at Tata Capital?

Affordable & Quality Education

Don't let tuition fees or educational expenses hold you back from pursuing your dreams. Our quality education must be accessible to all, regardless of financial constraints.

Flexible Repayment Options

We provide Education Loan Repayment Options where you can start paying after completing your education, so that you can focus on studies without any immediate financial burden.

Competitive Interest Rates

Enjoy competitive Education Loan Interest Rates that make borrowing affordable and manageable. We understand the importance of keeping your financial burden low, while you invest in your education.

No Collateral Required

With our unsecured education loans (i.e., Education Loan without Collateral), you don't need to worry about providing collateral. We want to help your dreams become a reality, without any additional burden , with a non-collateral loan.

Quick Hassle-free Process

Our Education Loan Application process is short and simple. We value your time and to ensure that your experience is hassle-free, we have a dedicated team to assist you at every step.

Expert Financial Guidance

Our financial experts are equipped to provide you with personalized guidance and support. We'll help you make informed decisions about your education financing, ensuring that you choose the right loan for your needs.

Courses Eligible for Education Loan from Tata Capital

At Tata Capital, we offer Student Loans (Secured & Unsecured) for courses in India and Overseas. You can find the list of courses eligible for Education Loan from Tata Capital below.

Courses Covered in India & Overseas

Graduation/post-graduation degree from recognised universities
Executive & other courses from reputed universities
PhD
Between the age of 18- 45 years, pursuing Undergraduate / Postgraduate Program, Executive and other courses in India or Overseas.

FAQs on Loan for Education

Yes, you are -

If you are an Indian national
Between the age of 18- 45 years, pursuing Undergraduate Postgraduate Program, Executive MBA or other Vocational courses
A student with proven academic record

Tuition fee, Living Expenses: (Rent & Utility, Food, Grocery and Local Conveyance), Miscellaneous Expenses: Laboratory Fees, Purchase of books, Purchase of Computers /Laptops, Travel fare

Co-applicant(s) may be any of your following immediate family - Father/ Mother/ Brother/ Sister/ Spouse. You could also have maternal or paternal (uncle/aunt) Or any Blood Relatives, as your Education Loan Co-applicant.

If you apply for a Student Loan with Tata Capital, you can repay basis plans that are available & designed specially to meet your unique needs. Our repayment tenor starts 1 year after you have completed your education and you get 12 months and up to 120 months to repay in equal monthly instalments. You can pay the EMIs through Auto Debit or online, by accessing our website from anywhere, anytime. You can also drop a cheque at the nearest Tata Capital branch. You have complete control over your student loan repayment.

Yes, you can prepay their education loans before the completion of the tenure. There are No Prepayment charges

To apply for an education loan, you must-

Be an Indian national
Be between 18 and 35 years of age
Have completed 10+2/diploma
Be pursuing a Graduation, Postgraduate degree, or PG diploma in professional education
Have applied to accredited institutes in India or abroad

Tata Capital offers flexible repayment options, competitive interest rates, and no collateral requirements. With unsecured loans up to Rs. 85 lakhs, you can cover all your educational expenses, including living costs, travel expenses, and purchasing books and a laptop.

You can apply for an education loan for-

Graduation/post-graduation degrees from recognised universities
Executive and other courses from reputable universities
PhD programs
Undergraduate, postgraduate, executive, and vocational courses in India or overseas for students aged 18 to 45

You must have a co-applicant with a stable income to apply for an education loan. This requirement ensures financial security and improves the chances of loan approval.

At Tata Capital, we offer 100% financing. This means the loan can cover the entire cost of your education, making it easier to pursue international studies.

The co-applicant must have a regular income. Required financial documents include-

Last three months' salary slips
Last two years' Form 16
ITRs of the last three years
Balance sheets and P&L accounts
Bank statements for the last six months
Proof of business

Yes, you can get an unsecured loan.

Yes, Tata Capital offers 100% financing for education loans, eliminating the need for margin money. This means you can cover the entire cost of your education, including tuition, living expenses, and other related costs, through their loan offerings

ED loans are not eligible for forgiveness. Borrowers must repay their student loan as per the agreed schedule. However, repayment terms are flexible, allowing easier management of your financial obligations after completing your education.

You can get student loan approval quickly through the online application process. Once eligibility is confirmed and documents are submitted, disbursal is quick. This makes it possible to avail education loan support when needed, especially for students applying for loan for students online.