Education Loan

Education loan support for higher studies, professional courses, and skill programs

Education loans can support tuition fees, hostel costs, travel, books, and other approved study expenses for domestic or international courses, subject to eligibility and lender policy.

Course-led review
Institution and program acceptance matter
Co-applicant based
Parent or guardian support may be required
Study expense coverage
Fees and related approved costs can be included
Structured repayment
Moratorium and EMI structure depend on product policy

What is an education loan?

An education loan helps students finance eligible academic expenses for approved courses in India or abroad. Depending on the program, lender, and ticket size, the structure can include a co-applicant, margin contribution, and repayment start after a moratorium period.

This product is typically reviewed on academic profile, course quality, institution acceptance, and the co-applicant's income and credit strength.

Common expenses covered

  • Tuition fees and semester charges
  • Hostel or accommodation expenses as applicable
  • Books, equipment, and study tools
  • Travel and insurance for overseas studies where allowed
  • Exam, library, and caution deposit components in eligible cases
Eligibility

Typical education loan eligibility checkpoints

  • Admission into a recognized or acceptable course and institution
  • Student academic track record matching course expectations
  • Co-applicant income and repayment capacity where required
  • KYC and address documentation for student and co-applicant
  • Collateral may be required for larger ticket sizes in some products
  • Final approval depends on lender policy, course type, and total expense mix
Documents

Documents commonly requested for study loans

1
Student profile

KYC, photographs, academic mark sheets, admission letter, and fee structure are commonly required.

2
Co-applicant profile

Income proof, bank statements, ITR, and KYC of parent or guardian are typically checked.

3
Additional support

Collateral papers or expense estimates may be requested for larger education loan cases.

EMI Calculator

Estimate your education loan EMI

Use this calculator to model likely repayments after the repayment period begins.

This result is only indicative. Moratorium treatment and final repayment schedule depend on the selected lender.

EMI Result
Monthly EMI
Total Interest
Total Payable
Loan Amount
Interest Rate
Tenure

Apply for an education loan enquiry

Need help understanding co-applicant and course requirements?

We can help you review the likely document set and whether your course and institution fit common education loan criteria.

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