Fund the course, not the compromise.
One application puts your profile in front of multiple education lenders, so you can weigh secured against unsecured, and rate against repayment, before you commit to anything.
- Loan amount
- ₹1L – ₹1.5Cr
- Indicative rate
- 9% – 14% p.a.
- Tenure
- Up to 15 years
- Moratorium
- Course + 6–12 months
Indicative ranges across partner lenders, not an offer of credit. Your rate and limit are set by the lending partner on the basis of your profile.
Partner lenders
- HDFC Credila
- Avanse
- Auxilo
- InCred
- Axis Bank
- ICICI Bank
- Union Bank
- Tata Capital
What the loan can cover
- Tuition and university fees
- Accommodation and living expenses
- Travel and visa costs
- Laptop, books and equipment
- Examination, library and laboratory fees
- Health insurance where the university requires it
Who can apply
- Indian national with a confirmed or conditional admission offer
- Admission to a recognised institution in India or abroad
- A co-applicant, usually a parent, guardian or spouse
- Co-applicant income or collateral in line with the loan amount
- Final criteria are set by each lending partner
Documents usually requested
- Admission letter and course fee structure
- Academic records and entrance test scores
- KYC for applicant and co-applicant
- Co-applicant income proof and bank statements
- Collateral papers, for secured loans only
Plan ahead
What would this cost per month?
Opens on figures typical for education loans. Move the sliders to match your own situation.
Estimated monthly instalment
₹33,734
- Principal
- ₹25,00,000
- Total interest
- ₹15,48,050
- Total payable
- ₹40,48,050
Indicative estimate on a reducing-balance basis. It excludes processing fees, insurance and any moratorium interest. Your actual rate and instalment are set by the lending partner.
Questions
Education loans, explained.
Do I need collateral for an education loan?
Not always. Unsecured loans are common up to roughly ₹40–50 lakh depending on the lender, the course and the co-applicant profile. Larger amounts usually need property or a fixed deposit as security, and secured loans generally carry lower rates.
When do repayments start?
Most education loans include a moratorium covering the course period plus six to twelve months. Interest may still accrue during that window, and some lenders offer a reduced rate if you service the interest while studying.
Can I claim tax benefit on an education loan?
Section 80E allows a deduction on the interest paid on an education loan, for up to eight years from when repayment begins. There is no cap on the deductible interest amount. Confirm your position with a tax adviser.
Can I apply before I have an admission letter?
You can start the process and get an indication of eligibility, but lenders sanction against a confirmed admission. Beginning early means the paperwork is ready when your offer arrives.
Other ways we can help
- Explore
Personal Loans
Medical bills, a wedding, a renovation, consolidating costlier debt. A personal loan is unsecured, so approval rests on your income and credit history rather than on security.
- Explore
Study Abroad Finance
Studying abroad adds moving parts: currency, visa timelines, proof of funds. We help you line up a lender whose disbursement schedule fits the dates your university and consulate actually work to.
- Explore
Real Estate Finance
Buying, building or borrowing against what you already own. Secured against the property itself, these carry the longest tenures and the lowest rates of anything on this site.
See what you qualify for.
A few questions, no paperwork to start, and no obligation to proceed.