Education Loan:

Empowering Your Academic Journey

Whether you're planning to study in India or abroad, our education loans are designed to support your ambitions with flexible, student-friendly features.

Key Benefits :

• Student: Must be an Indian citizen, aged 16-35, with a confirmed admission to a recognized course. A good academic record is important.

• Co-borrower: A parent, guardian, or spouse is mandatory. They must have a stable income to guarantee repayment.

• Collateral: Required for larger loan amounts, especially for overseas studies. Loans below a certain limit (e.g., ₹7.5 lakh) are often unsecured.

Eligibility Criteria

Eligibility may vary based on the institution, course, and lender, but generally includes:

• Age: Applicant must be at least 18 years old.

• Confirmed Admission: Valid admission letter from a recognized educational institution.

• Academic Record: A good academic track record strengthens the application.

• Co-borrower Requirement: Most loans require a parent or guardian as co-borrower.

• Creditworthiness: Good credit history of applicant or co-borrower enhances loan approval chances.

• Financial Stability: Lender may assess repayment ability based on co-borrower’s income.

• Loan Amount & Collateral: Higher loan amounts may require collateral; smaller loans are usually unsecured.

Documents Required

Eligibility may vary based on the institution, course, and lender, but generally includes:

For Student

• Academic Proof: Marksheets, degree certificates, and entrance exam scorecards.

• Admission Proof: Confirmed admission letter from the university.

• KYC: Passport, Aadhaar, and PAN Card.

  For Co-borrowers:

  • KYC: PAN Card and Aadhaar Card.

  • Income Proof: Salary slips/ITRs, and bank statements.