Get Started Now

---

An Education Loan may be availed for:

• Tuition fees
   
• Admission fees and examination fees
   
• Purchase of books, equipment, laptop, and study materials
   
• Hostel and accommodation expenses
   
• Travel expenses (for overseas education)
   
• Caution deposit and other refundable deposits (as per norms)
   
• Any other education-related expenses approved by the lender
   

An applicant must satisfy the following conditions:

• Must be an Indian citizen
   
• Secured admission in a recognized institution (India or abroad)
   
• Admission through merit-based selection or entrance exam (if applicable)
   
• Satisfactory academic record
   
• Co-applicant (Parent/Guardian/Spouse) with stable income
   

• Stable and regular source of income
   
• Acceptable credit score
   
• Ability to support repayment obligation
   
• Proper income and identity documentation
   

1. Duly filled and signed loan application form
    
2. PAN Card (Student & Co-applicant)
    
3. Aadhaar / Identity & Address Proof
    
4. Passport-size photographs
    
5. Admission letter from institution
    
6. Fee structure issued by college/university
    

1. Mark sheets and certificates (10th, 12th, Graduation – if applicable)
    
2. Entrance exam scorecard (if applicable)
    
3. Scholarship details (if any)
    

1. Income Proof (Salary slips / Income Tax Returns)
    
2. Bank statements for last 6 months
    
3. Form 16 (for salaried co-applicant)
    
4. Business proof & financial statements (for self-employed co-applicant)
    

1. Collateral property documents
    
2. Legal and valuation reports (as required by lender)
    

• Loan amount depends on course, institution, and co-applicant income
   
• Margin contribution may apply as per lender norms
   
• Moratorium period usually includes course duration plus additional time
   
• Interest rates vary based on profile and collateral
   
• Loan approval is subject to academic eligibility and credit assessment