Invest in Your Future with Education Loan
Turn your academic dreams into reality with flexible and affordable education loans.
Why Choose Us for Education Loan?
Competitive Interest Rates
Low-interest rates to make quality education affordable.
Quick Processing
Fast approval with minimal documentation to avoid delaying your education plans.
Comprehensive Coverage
Covers tuition fees, living expenses, travel costs, and other education-related expenses.
Flexible Repayment Terms
Multiple repayment options with moratorium periods during the course duration.
Eligibility Criteria
- Indian national with confirmed admission in a recognized institution (India or abroad).
- Applicant must be 18 years or above.
- Co-applicant (parent/guardian) with stable income may be required.
- Good academic record.
Documents Required
- Admission letter from the educational institution.
- Academic records and mark sheets.
- Identity proof (Aadhaar, PAN, Passport, Voter ID).
- Address proof (Aadhaar, Passport, Utility bill).
- Income proof of co-applicant (salary slips, ITR, bank statements).
- Collateral documents (if applicable).
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Key Features
Loan amounts up to ₹50 lakh or higher for select courses.
Coverage for domestic and international courses.
Flexible tenure up to 15 years.
Tax benefits under Section 80E.
No prepayment penalty.
Application Process
- Loan Application: Fill out the education loan form online or offline.
- Document Submission: Provide all necessary academic and financial documents.
- Loan Sanction: Bank verifies eligibility and sanctions the loan.
- Disbursement: Funds released directly to the educational institution.
EMI Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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FAQs
1. What is the maximum education loan amount I can get?
You can get an education loan of up to ₹35–50 lakhs for studies in India and up to ₹1 crore or more for studying abroad, depending on eligibility and lender terms.
2. What documents are required for an education loan?
You’ll need your admission letter, academic records, ID & address proof, income proof of co-applicant, and bank statements. Some lenders may request additional documents for verification.
3. Do I need collateral for an education loan?
Collateral is not required for all education loans. Many lenders offer collateral-free education loans, while higher loan amounts may need property or other security.
4. How long does it take to get an education loan approved?
Most education loans are approved within 3–7 working days after submitting all required documents, depending on the lender and loan amount.
5. Is education loan interest-free in India?
No, education loans in India are not interest-free, but a moratorium period is provided during the course and after completion.
6. Can I get 100% education loan for my studies?
Yes, many lenders offer education loans covering up to 100% of total education expenses, subject to eligibility.
7. How can I get the lowest interest education loan in India?
To get the lowest interest education loan, compare lenders, maintain a strong co-applicant credit score, and apply through an education loan expert like MudraX Capital.