About Education Loan.
Education loans help fund tuition fees, living expenses and other study-related costs for courses in India or abroad, generally with a moratorium period during the study duration.
We help students and parents understand the broad requirements before approaching a lender.
Why applicants choose
this route.
- ✓India & abroad coursesGuidance for recognised courses within India and select international destinations.
- ✓Moratorium periodMany products offer a repayment holiday during the course and a short period after.
- ✓Co-applicant guidanceUnderstand the role of a parent/guardian co-applicant in the application.
- ✓Course-wise supportGuidance tailored to the course, institute and funding requirement.
Broad eligibility
factors.
Actual eligibility, sanction amount and terms are decided solely by the concerned bank / NBFC based on their internal policy.
- ✓Admission confirmationA confirmed admission offer from a recognised institute is generally required.
- ✓Co-applicant incomeA parent or guardian co-applicant's income is usually assessed.
- ✓Academic recordAcademic performance may be considered as part of the evaluation.
- ✓Collateral (if any)Some loan amounts may require collateral, depending on the lender and amount.
Documents typically
requested.
Rate & fee
pointers.
Figures below are illustrative starting points only and vary by lender, profile and policy at the time of application.
| Aspect | Typical Range* |
|---|---|
| Loan tenure | Up to 15 years, post moratorium |
| Moratorium | Course duration + 6–12 months, per lender |
| Collateral | May apply above certain loan amounts |
| Coverage | Tuition, living cost, travel — per policy |
How the enquiry
moves forward.
Share your requirement
Tell us the loan type, city and approximate amount you need.
Understand your options
We explain broad eligibility factors, likely documents and the applicable process.
Move forward confidently
Proceed with the relevant lender's process, with guidance at each step.
Common questions on
education loan.
Is collateral always required?+
Not always — this typically depends on the loan amount, institute and lender policy.
Does the loan cover living expenses?+
Many education loans cover tuition along with living and incidental expenses, subject to the sanctioned amount.
When does repayment start?+
Most products offer a moratorium during the study period, with repayment usually starting a few months after course completion.
Can loans be used for study abroad?+
Yes, many lenders offer education loans for recognised international courses, subject to their specific criteria.