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Education Loan

Education loans for studies in India and abroad, covering tuition, living, travel, and books. Rates from 9.5%, ticket sizes up to ₹1.5 crore, moratorium during course plus 12 months.

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Rate from
9.5%
Max Amount
₹1.5 Cr
Tenure
Up to 15 yr

Available Education Loan Products

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Product Overview

Everything you need to know before applying

Education loans for studies in India and abroad, covering tuition, living, travel, and books. Rates from 9.5%, ticket sizes up to ₹1.5 crore, moratorium during course plus 12 months. Collateral-free options up to ₹40 lakh for premier institutions.

Interest / Features

Category-level pricing and highlights

Interest starts
9.5% p.a.

Indicative starting rate across partner lenders.

Loan amount
₹1.5 Cr

Maximum category-level amount available.

Repayment tenure
Up to 15 yr

Flexible repayment window by lender.

Covers tuition, living, travel
Moratorium during course
Collateral-free up to ₹40L
Tax benefit under Sec 80E

Key Benefits

Why thousands choose this loan category

  • Covers tuition, living, travel
  • Moratorium during course
  • Collateral-free up to ₹40L
  • Tax benefit under Sec 80E
  • Co-borrower-friendly underwriting
  • Pre-visa sanction letter

Eligibility Criteria

Check if you qualify before applying

Indian citizen
Admission to recognised institution
Co-applicant (parent/guardian)
Course of 1+ year
Age 18–35

Documents Required

Keep these ready to speed up your application

Admission letter
KYC of student & co-applicant
Income proof of co-applicant
Academic records
Cost-of-study breakup

Education Loan EMI Calculator

Estimate your monthly payments instantly

₹20,00,000
10.50 %
120 mo
Principal vs interest38% interest share
PrincipalInterest
Monthly EMI
₹26,987
Total interest
₹12,38,440
Total payable
₹32,38,440

Indicative only. Actual EMI depends on lender pricing, processing fees, and your credit profile.

Frequently Asked Questions

Quick answers before you apply

Loans up to ₹40L for premier institutions are typically collateral-free; beyond that, security is required.
After course completion plus a moratorium of 6–12 months.
Yes — most partners fund studies in the US, UK, Canada, Australia, and Europe.
Interest paid is deductible under Section 80E for 8 years from start of repayment.
Yes — and many students choose to service simple interest during the course to reduce capitalisation.