Education loan is offered by leading banks in India to help students achieve their academic dreams. Education loan Interest rates start from 8.50% p.a. with loan tenures of up to 15 years. Education loans are offered for higher education in both India and abroad.
What courses are eligible for an education loan will be decided by the lender. You can get an education loan for studies starting from Nursery. For higher studies, you can get a loan for full-time as well as part-time courses, and loans for working professionals.

Nationality:Indian citizens
Non-Indian Residents (NRIs)
Overseas Citizens of India (OCI)
Persons of Indian Origin (PIOs)
Students born to Indian parents abroad and wish to study in India

Recognized institutions and government colleges
Private institutes aided by government
Professional institutions
International colleges and universities

Recognized institutions and government colleges
Private institutes aided by government
Professional institutions
International colleges and universities

INDIA:
* Graduation and Post-Graduation courses (technical/professional/diploma) conducted by approved universities or colleges under UGC/IMC/AICTE/government.
* Regular degree/diploma courses administered by autonomous institutions such as IIM/IIT, etc.
* Regular degree or diploma courses such as pilot training, aeronautical, shipping, and more approved by the Director General of Civil Aviation/Shipping/other regulatory authority.
* Job oriented courses (professional/technical) for Graduation/Post Graduation/Diploma such as MBA/MCA/MS offered by reputed educational institutions, courses conducted by the Chartered Institute of Management * Accountants (CIMA) – London or Certified Public Accountant (CPA) – USA.

Abroad:
Job oriented courses (professional/technical) for Graduation/Post Graduation/Diploma such as MBA/MCA/MS, etc. offered by reputable institutions.
Courses conducted by CIMA and CPA.

INDIA:
* Graduation and Post-Graduation courses (technical/professional/diploma) conducted by approved universities or colleges under UGC/IMC/AICTE/government.
* Regular degree/diploma courses administered by autonomous institutions such as IIM/IIT, etc.
* Regular degree or diploma courses such as pilot training, aeronautical, shipping, and more approved by the Director General of Civil Aviation/Shipping/other regulatory authority.
* Job oriented courses (professional/technical) for Graduation/Post Graduation/Diploma such as MBA/MCA/MS offered by reputed educational institutions, courses conducted by the Chartered Institute of Management * Accountants (CIMA) – London or Certified Public Accountant (CPA) – USA.

Abroad:
Job oriented courses (professional/technical) for Graduation/Post Graduation/Diploma such as MBA/MCA/MS, etc. offered by reputable institutions.
Courses conducted by CIMA and CPA.

Here’s what the loan amount will cover:
*Tuition fees
*Hostel fees
*Travel expenses passage money for students studying abroad
*Insurance premium
*Cost of books/equipment/instruments/uniform
*Examination/laboratory/library fees
*Cost of a computer/laptop required for course completion
*Caution deposit, building fund/refundable deposit supported by institution bills/receipts
*Any other expense required to complete the course such as study tours/thesis/project work

*Loan financing up to Rs.1 crore available.
*Loan repayment tenure up to 15 years.
*Get Education loans for studies in India and abroad.
*Some lenders offer loan disbursal before applying for a Visa.
*Door-step service to collect required documents.
*Children of the bank’s employees enjoy preferential rates at several banks.
*Certain banks offer concessional interest rates to female students.
*Enjoy a moratorium period of up to 1 year after course completion. During this period, you do not have to *make payments on the loan.
*Enjoy tax benefits up to 8 years on the interest paid