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Education Loan

Cover tuition, living and travel costs for studies in India or abroad, with moratorium during the course period.

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Interest rate
8.5% – 15%
Loan amount
₹1 L – ₹1.50 Cr
Tenure
1 yr – 15 yr
Processing
Fast & paperless

Key features

  • ✦Covers tuition, living & travel
  • ✦Moratorium during course
  • ✦Studies in India or abroad
  • ✦Tax benefits u/s 80E

Eligibility

  • ✓Admission to a recognised institution
  • ✓Indian resident student
  • ✓Co-applicant (parent/guardian)
  • ✓Good academic record

Documents required

  • ●Admission letter
  • ●KYC of student & co-applicant
  • ●Co-applicant income proof
  • ●Fee structure / cost estimate

Estimate your EMI

Based on indicative rates for education loan.

₹10 L
8.50%
5 years

Monthly EMI

₹20,517

Principal₹10,00,000
Total Interest₹2,30,992
Total Payable₹12,30,992
● PrincipalInterest ●

Indicative figures on a reducing-balance basis. Actual EMI depends on the lender, your profile and applicable charges. Total of 60 instalments.

See how much you qualify for

Check your education loan eligibility for free — it takes less than a minute.

Check Eligibility