Education Loans Made Simple.
Apply Online at 8.33%*
Compare education loan options from banks and NBFCs and apply online for studies in India or abroad. Check eligibility, estimate your EMI and get guidance throughout your education financing journey.
Study Loan
Finance your education with flexible loan options.
*Rates, processing times and loan amounts are indicative and depend on lender policies, institute, course, applicant profile and other eligibility conditions.
Choose Your Education Loan Requirement
Explore education loan options for studying in India or pursuing higher education abroad.
Education Loan for Abroad Studies
Finance your higher education in countries such as the USA, UK, Canada, Australia, Germany, UAE and more with suitable education loan options.
- ✓ Loan amounts up to ₹1 Crore*
- ✓ Collateral-free options for select profiles
- ✓ Tuition and eligible education expenses
Education Loan for Study in India
Secure funding for recognised universities and institutions, including professional and higher education programmes in India.
- ✓ Competitive education loan rates
- ✓ Collateral-free options may be available
- ✓ Flexible repayment structures
Apply for Education Loan in Top Countries
Explore education financing options for students planning higher education across popular destinations.
How to Apply for an Education Loan
Applying online can be simple. Follow these three steps to start your education loan application.
Check Your Eligibility
Fill in basic details about your course, university, income and co-applicant to understand potential loan eligibility.
Submit Documents Online
Provide the required KYC, academic, income and collateral documents depending on your loan type.
Loan Approval & Disbursement
After verification, the lender reviews the application and proceeds with sanction and disbursement according to the loan terms.
Why Choose Us?
We aim to make education financing simple, transparent and convenient.
Eligibility Guidance
Understand the basic eligibility requirements before moving forward with your application.
Financing Options
Explore secured and collateral-free education loan options depending on lender criteria.
Expert Guidance
Get assistance in understanding loan terms, documents and application requirements.
Competitive Rates
Compare available financing options and understand the applicable interest rates.
Banking Partners & Financial Institutions
Explore education loan options from banks and financial institutions, subject to lender eligibility.
Partner availability, loan products, interest rates and approval criteria may vary. The names above are provided as examples of lenders operating in the education finance segment.
What are Education Loans?
An education loan is a specialised credit facility designed to help students and their families finance eligible education-related expenses.
Depending on the lender and loan product, financing may cover tuition fees, examination fees, hostel expenses, books, equipment, travel and other approved educational costs.
Education loans can also include a moratorium period during which repayment of principal may be deferred, subject to the lender's terms.
What Can Your Loan Cover?
- ✓ Tuition and academic fees
- ✓ Hostel and accommodation expenses
- ✓ Books and study materials
- ✓ Laboratory and examination fees
- ✓ Approved travel expenses
- ✓ Eligible equipment and laptop costs
Education Loan Eligibility Criteria
General requirements can vary between lenders, universities and loan products.
Indian Citizenship
Applicants generally need to meet the citizenship requirements specified by the lender.
Confirmed Admission
A valid admission or offer letter from a recognised university or educational institution is generally required.
Academic Record
Academic performance and course/institution details may be considered during assessment.
Co-Applicant
A parent, guardian, spouse or other eligible co-applicant may be required depending on the loan.
Why is a Co-Applicant Important?
For many education loans, the co-applicant provides financial support and may be responsible for repayment obligations. Lenders may evaluate income, existing liabilities, credit history and repayment capacity.
Documents Required for Education Loan
Keeping the required documents ready can help make the application process smoother.
KYC Documents
- ✓ Aadhaar Card
- ✓ PAN Card
- ✓ Passport where applicable
- ✓ Address proof
Academic Documents
- ✓ 10th marksheet
- ✓ 12th marksheet
- ✓ Graduation marksheets
- ✓ Entrance examination scores
- ✓ University admission letter
Co-Applicant Income
- ✓ Bank statements
- ✓ Salary slips
- ✓ Income Tax Returns
- ✓ Employment/business proof
Property Documents
- ✓ Title deeds
- ✓ Property tax receipts
- ✓ Valuation documents
- ✓ Other collateral documents
Education Loan Repayment Options
Depending on the lender, different repayment structures may be available.
Standard EMI
Pay a fixed monthly instalment after the applicable moratorium period ends.
Step-Up Repayment
Some lenders may offer repayment structures where instalments increase as the borrower's income grows.
Interest During Moratorium
Some borrowers may choose to service interest during the study period to reduce the amount capitalised later.
Types of Education Loans
Different education loan products are designed for different study requirements and financial situations.
Domestic Education Loans
Designed for students pursuing higher education within India, including professional courses, undergraduate programmes and postgraduate studies.
Education Loan for Study Abroad
Designed to finance eligible overseas education expenses including tuition and other approved academic costs.
Secured Education Loans
Backed by eligible collateral such as property or approved financial assets. Terms depend on the lender.
Education Loan Without Collateral
Certain lenders may provide unsecured financing based on the institution, course, student profile and co-applicant's financial strength.
What is Collateral?
Collateral is an asset offered as security against a secured loan. Depending on lender policy, this may include residential property, non-agricultural land, fixed deposits or other approved financial assets.
Education Loan Comparison
The following figures are indicative and based on the information supplied for this page. Always confirm the current terms directly with the lender.
| Lender | Interest Rate | Max Tenure | Collateral-Free Limit |
|---|---|---|---|
| SBI Scholar Loan | 8.15% – 10.05%* | 15 Years | Up to ₹50 Lakhs* |
| HDFC Bank | 9.50% – 14.10% | 15 Years | Up to ₹7.5 Lakhs* |
| ICICI Bank | 10.25% – 13.75% | 15 Years | Up to ₹1 Crore* |
| HDFC Credila | 9.75% – 13.80% | 15 Years | Up to ₹1 Crore* |
*Indicative figures. Actual interest rate, loan amount, collateral requirement, tenure and other charges depend on lender policy, institute, course, student profile, co-applicant and prevailing terms.
Education Loan Processing Fees
Processing fees differ across lenders and loan products. Public sector banks may offer reduced or waived processing charges for selected education loans, while private lenders and NBFCs may charge a percentage of the sanctioned amount.
Education Loan Disbursement Process
Once the education loan is sanctioned and all applicable conditions are satisfied, the lender generally disburses the sanctioned amount according to the approved schedule.
Tuition fees are commonly paid directly to the educational institution in instalments according to the course or semester schedule.
Depending on the loan agreement, approved amounts for living expenses, books and other eligible costs may be credited to the student's or co-applicant's account.
Application is approved subject to lender verification and conditions.
Required academic, financial and collateral documents are verified.
Approved tuition and other eligible expenses are released according to the schedule.
How to Improve Education Loan Approval Chances
Preparing your academic and financial profile carefully can make the application process smoother.
Maintain a Strong Academic Profile
Keep your academic records, admission documents and relevant entrance examination scores organised.
Maintain a Healthy Credit History
The co-applicant's credit history and existing repayment obligations may be considered by lenders.
Choose Your Course & Institution Carefully
Institution, course, employability and lender-specific institute lists can influence available loan terms.
Keep Financial Documents Ready
Prepare income proof, bank statements, ITRs and collateral documents where applicable.
Ready to Fund Your Education?
Start your education loan application and explore financing options for your studies in India or abroad.