Education Loan

An Education Loan is a financial solution designed to support students in pursuing higher education in India or abroad. The loan covers education-related expenses and allows repayment after the completion of studies, making quality education accessible without immediate financial pressure.

✔ Government-recognized universities and colleges
✔ Accredited private institutions
✔ Deemed universities
✔ International universities (subject to eligibility and approval norms)

Loan Amount
🔹 Domestic Education: Loan amount based on course cost and institution
🔹 Overseas Education: Higher loan eligibility considering tuition and living expenses
🔹 Loan amount depends on:
-Course fee structure
-Institution reputation
-Student profile
-Co-applicant income and credit profile
-Expenses Covered

Education loans generally cover:
✔ Tuition fees
✔ Examination, library, and laboratory fees
✔ Hostel and accommodation charges
✔ Books, study materials, and equipment
✔ Travel expenses for overseas studies
✔ Insurance and other approved academic expenses

Interest & Repayment Structure
🔹 Competitive interest rates based on student and co-applicant profile
🔹 Moratorium period available (course duration + additional grace period)
🔹 Repayment starts after completion of studies
🔹 Flexible repayment tenure extending up to several years

Security / Collateral Requirements
✔ Loans up to a certain limit may be collateral-free
✔ Higher loan amounts may require:
-Residential property=
-Other acceptable securities
✔ Parent or guardian usually acts as co-applicant

Eligibility Criteria
✔ Indian national
✔ Confirmed admission to a recognized institution
✔ Parent / guardian as co-applicant with stable income
✔ Satisfactory academic background
✔ Credit profile of co-applicant considered

Documents Required : Typically required documents include
✔ Student KYC documents
✔ Admission letter and fee structure
✔ Academic records
✔ Co-applicant KYC and income proof
✔ Bank statements
✔ Collateral documents (if applicable)

Benefits of Education Loans
✔ Enables access to quality education
✔ Reduces immediate financial burden on families
✔ Tax benefits on interest paid (as per applicable laws)
✔ Builds financial discipline for students
✔ Flexible repayment options

Our Support Services : We assist students and parents with:
✔ Loan eligibility assessment
✔ Documentation guidance
✔ Course and expense mapping
✔ Application coordination
✔ End-to-end process support until disbursal

Our goal is to make the education loan process simple, transparent, and stress-free.