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Information About Education Loan

About Education Loan

The highest quality of education should be available for all regardless of someone’s financial background. That’s precisely the reason why we have made the availability of Education Loans as accessible as possible. Whether you are a student or a parent seeking to provide your children with the very best, we are here to support you.

How does one take an Education Loan?

We have made the process of getting an Education Loan very easy. You just have to follow these simple steps:

  • Check your student loan eligibility online
  • Select your loan amount and period
  • Submit your application & documents
  • Get your money

What are the basic requirements in getting your education loan approved?

In order to get an Education Loan, you have to meet some basic eligibility criteria and documents for faster approal. Check your Eligibility criteria and Documents required for availing an Education Loan.

Benefits of an Education Loan

A ticket to the best institutes

Access to education in some of the premier institutes in India or abroad is now affordable with an Education Loan.

A better career

Statistics show that students who graduate from educational institutes that have a good reputation tend to secure better jobs post their studies. This eventually sets them on a path to a fruitful career.

Customisable repayment options

Students can choose how they want to pay their Education Loan. This could be based on the interest rate or tenure. It’s that easy. 

Features and Advantages

Customised Solutions

Your education is unique to you. That’s why we let you tailor the Education Loan based on your needs.   

Easy Repayment

You have the flexibility and control over how you want to repay your loan. Choose the option that best suits you.

Minimal Paperwork

We pave the way for your bright future by making the process easy and accessible. 

Quick Approval

Submit just a few documents with your application and get your educational loan sanctioned instantly. 

Deferred repayment option

The student is required to begin Education Loan repayment only after completing the studies and starts working. 

What does the Education Loan cover?

Our Education Loan covers:

  • Tuition fees
  • Hostel expenses
  • The exam, library, and Laboratory fee when applicable
  • Travelling expenses
  • Other varied costs

Interest Rates

We offer competitive personal loan interest rates starting at 10.99%. However, education loan eligibility, financial institution, your future earning capacity are some of the factors that determine the interest rates for the loan offered.

How much EMI do you need to pay?

Equated Monthly Instalment (EMI) depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

You can choose your EMI amount that is comfortable to you by using the Education Loan EMI calculator.

How can you repay an Education Loan?

You can decide how you want to repay your personal loan for education. For a fixed amount of loan and interest, you can choose the tenure and EMI that is comfortable for you. The longer the tenure, lower will be the EMI. You can also prepay your education loan after meeting defined terms and conditions. 

You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

Eligibility and Documentation


You are eligible for an Education Loan if you are an Indian National, between the age of 16-26 years and have a good past academic record. We expect you or your parents to have a stable income source. You should either show security or have a guarantor and your eligibility also depends on the credit history of your co-applicants. 


These are the documents you will need to submit:

  • Photo identity proof of both the student & parent (any one): Voter ID/Passport/Driving license/Aadhaar Card
  • Attested Marks Sheets & Certificates (from 10th standard)
  • Admission Letter as issued by the admitting School/College/Institute
  • All essential documents issued by the admitting School/College/Institute, including prospectus, breakup of fees, etc.
  • Income Proof - Bank statements for the past six months
  • Salary slips for the last three months & ITR of Parent/Guarantor
  • Studying Abroad-, Entry Permit, Admission letter & I-20 Form from Foreign Institution
  • Property documents (if immovable property is offered as security)
  • If Employed- Resignation letter, Acceptance of Resignation letter or Sanction letter for study leav