EDUCATION LOAN
Invest in Knowledge, Unlock the Future
“Flexible Education Loans Designed to Empower Your Academic Aspirations.”
% Affordable rates to ease the financial burden.
🌍 Support for Global Opportunities
Plan Your Future: Education Loan EMI Calculator
Why choose us for Education Loan ?
"Comprehensive Coverage"
Covers tuition fees, accommodation, and other educational expenses.
"Global Reach"
Loans available for both domestic and international education.
"Financial Independence"
Cover your education expenses without burdening your family.
"Simple Documentation"
Hassle-free application process with minimal paperwork.
Education Loan Eligibility
Here are the necessary eligibility requirements for education loan:
📚 Course Type: Graduation, post-graduation, or professional courses.
🌟 Academic Record: Consistent academic performance.
💼 Co-Applicant: Parent/guardian with a stable income.
Interest Rate
STARTING FROM
9.75%*
on Loan of 10 lakh up to 1 cr.
How to Apply for an Education Loan?
Step 1: Submit your application online.
Step 2: Provide required documents.
Step 3: Get approval and disbursement.
Discover with Clear Classification
💼 Self-Employed Professional
- Doctor [MBBS, BDA],
- Lawyer [High Court, Supreme Court],
- Chartered Accountant,
- Architect Engineer.
🏬 Self Employed Non-Professional
- Service Provider,
- Trader,
- Manufacturing,
- Retailer.
💻 Salaried Category
- IT Professional,
- Government Employee,
- Corporate Employee,
- Teacher,
- Accountant.
Documents Categorized for your convenience
Self Employed Professional [SEP]
Self Employed Non-Professional [SENP]
Salaried Category
Loan Disbursement
> Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.
> For purchase of house/ flat from an individual on resale, the loan amount will be paid in lump-sum to the seller at the time of transfer after confirming that the customer has paid his own contribution.
> For commercial property under construction, the loan amount will be disbursed in stages based on the progress of construction.
> A customer has to invest his proportionate share of the cost, prior to disbursement of loan. The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.
Loan Repayment
Loan repayment is in Equated Monthly Installments [EMI] comprising of principal and interest through Post Dated Cheques or Electronic Clearance System over a maximum period of 15 years.
Frequently Asked Questions [FAQ]
What is an education loan?
An education loan is a type of financial assistance designed to help students cover the cost of tuition, books, living expenses, and other education-related costs.
Who can apply for an education loan?
Students enrolled in a recognized educational institution can apply. In most cases, a parent or guardian acts as a co-borrower.
What expenses are covered under an education loan?
Typically, the loan covers:
- Tuition fees
- Exam, library, and lab fees
- Cost of books, equipment, and uniforms
- Travel expenses for studying abroad
- Accommodation and living expenses (if applicable)
Can I get a loan for studying abroad?
Yes, many lenders provide loans for international education. They may also cover additional expenses like visa fees and travel costs.
Are there tax benefits on education loans?
Yes, under many tax systems (like Section 80E in India), the interest paid on education loans can be claimed as a tax deduction.
Can I prepay my education loan?
Yes, most lenders allow prepayment of the loan. Check for any associated penalties or charges.
What happens if I cannot repay the loan?
In case of repayment difficulties, it’s best to contact the lender immediately. Some lenders offer restructuring or deferment options in specific circumstances.