EDUCATION LOAN
Rise to your full heights with low interest rate education loans

To lead a complete and successful life, nothing is as important as quality education. However, education in India, at least the generally perceived ‘quality education’ imparted by the much-admired and prominent educational institutions, is absolutely costly and not easily available to everyone – particularly to those who deserve it based on merit alone. Thus, education loans are absolutely important

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Features & Benefits

Tax Concession

One of the important benefits of availing an education loan is you can enjoy tax benefits under Sections 80C and 80E of the Income Tax Act, 1961

Easy online loan approval process

You can apply for an education loan online by submitting the required documents and then choose the most suitable bank from the list for getting the loan.

Marginal Interest Rates

Low and fixed interest rates are offered by nationalized banks which do not fluctuate during the repayment timeline of the loan.

Moratorium offer

Banks provide a ‘moratorium period’, which allows you to start repaying your loan after 1 year of the completion of your education or after 6 months of getting a job

Security

Most lenders offer insurance for education loans. So, you can enjoy extra benefits of discount on interest rate and, in case of death, your loan will be paid off from the insurance.

Eligibility & Documents Required

Education Loan Eligibility Criteria

Individual looking for an education loan needs to fulfil the following eligibility criteria:

  • Citizenship
  • Age
  • Good Marks
  • Co-applicant eligibility
  • Eligible courses
  • For Studies in India
  • For Studies Abroad

Documents Required For Education Loan

You would need to submit the following documents along with the completed application form for the education loan process:

  • Identity proof
  • Residence proof
  • Admission proof
  • Co-applicants documents
  • If Salaried
  • If self-employed
  • Students Academic Score Documents