Educational Loan
Educational Loan
An education loan helps students pursue higher studies in India or abroad by covering tuition fees, living expenses, books, and other academic costs. With attractive interest rates, flexible repayment options, and a moratorium (repayment holiday) period during the course, education loans provide financial support to build a better future without burdening the family’s savings.
Educational Loan
Application Process
Ensure you meet age, academic, and admission criteria. A co-applicant (parent/guardian) is usually required.
Select a recognized course from an eligible institution (India or abroad).
Fill out the loan application form with student and co-applicant details.
Provide admission letter, fee structure, academic records, ID/address proofs, income proof of co-applicant.
After document verification and loan approval, sign the loan agreement.
The loan amount is disbursed in instalments directly to the educational institution as per the fee schedule.