Education Loan

you can make the process easier by choosing us.

The number of students opting for higher education abroad has increased exponentially in the past two decades. Also, there is a drastic increase in the number of students opting for overseas education loan due to increase in the expenses of quality education abroad. Today there are numerous lenders offering loans to students.

Education loan

Education loan for India is also available for students wanting to study in Indian colleges. There is, however, some difference in the requirements for overseas and Indian education loans. In general, when applying for a study loan, you must keep in mind the following criteria:

  • A co-applicant is a must (could be parents, a sibling or a spouse)
  • For loans between Rs 4 – 7.5 lacs a third party guarantor is required
  • Collateral needs to be provided for student loans above Rs 7.5 lacs
  • Loan repayment commences 6 to 12 months after course completion
  • If a student goes abroad, lender recovers the remainder from co-applicant

we make every possible effort to provide students, a smooth and convenient process of relocation for higher education.

  • Mark sheet for last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course
  • Copy of letter confirming scholarship, if any
  • Copy of Foreign Exchange permit (if available)
  • Two passport size photographs
  • Statement of borrower’s bank account for last six months
  • Income Tax assessment order not older than two years
  • Brief statement of Borrowers Assets and Liabilities
  • If not a customer of the lending bank provides proof of identity and residence
  • SSC, HSC or Graduation mark sheets whatever is applicable
  • KYC
  • Age Proof
  • Signature Proof
  • Identity Proof
  • Residence Proof
  • Application Form and Photographs
  • Income Documents of parents/guardian
  • Collaterals in the form of FDs / Immovable Property