Education Loan made simple
Finance your admission to top universities in India or overseas. Get cover for tuition, boarding, flights, and books with flexible repayment options.
Loan Highlights
Key Features & Benefits
Get flexible solutions built to match your lifestyle and financing goals.
Quick Disbursal
Direct semester-wise fee disbursals to the university account. Travel and living funds transfer directly to student.
Minimal Documentation
Simple document collection including university admission letter, academic history, and co-applicant income details.
Collateral Terms
Unsecured loans available up to ₹50L for premium universities. Higher amounts require collateral.
Attractive Interest Rates
Favorable interest rates starting from 9.25% p.a. with special discount rates for female students.
Calculate your EMI
Plan your repayments before applying. Use our interactive slider tool to estimate your monthly payouts.
Everything you need to know about education loans
An education loan is a specialized credit program designed to finance a student's higher education in India or abroad. It covers academic tuition fees, exam charges, university hostel fees, library subscriptions, travel tickets, and study materials. Lenders offer a moratorium period, during which the student is not required to pay the principal until course completion plus 6 to 12 months.
Typical use cases include funding postgraduate degrees abroad, undergraduate courses at top Indian colleges, or professional certification programs. Eligibility depends on the student securing admission in a recognized college/course, academic credentials, and the co-borrower's (usually a parent or guardian) monthly income and credit score. It's critical to review processing charges, documentation fees, and the overall APR.
Fund Rupee's multi-lender panel streamlines student loan matching. We help you compare rate discounts, moratorium terms, and collateral vs. collateral-free limits across various banks and specialized student loan companies, ensuring you get maximum tuition funding with the lowest possible EMIs.
Types of Education Loans
Explore different custom-tailored Education Loan variants configured for specific life goals and use cases.
| Loan Type | Primary Use Case Description |
|---|---|
| Domestic Education Loan | Fund undergraduate or postgraduate studies at recognized colleges and universities within India. |
| Overseas Education Loan | Finance higher education at accredited universities abroad, including tuition fees, travel costs, and insurance. |
| Skill Development/Certification Loan | Avail short-term loans for vocational training, specialized coding bootcamps, and professional certifications. |
| Loan for Coaching/Competitive Exams | Fund prep classes, tutorial fees, and books for competitive tests like JEE, NEET, IAS, or GRE. |
| Loan for Study Materials & Expenses | Get specialized credit lines to purchase laptops, technical equipment, and cover monthly boarding/lodging expenses. |
| Education Loan Top-up | Obtain additional funds to cover sudden college fee hikes, exam changes, or extended course durations. |
Are You Eligible?
Confirm these 6 general prerequisites before initiating your loan verification check.
Student applicant must be an Indian citizen.
Secured admission in a recognized degree/diploma course in India or abroad.
A co-applicant (parent/spouse/sibling) is mandatory.
Co-applicant must have a stable, verifiable income source.
Co-applicant's age must be between 21 and 65 years.
Favorable co-applicant credit track record with no defaults.
Documents Required
Keep these documents ready to fast-track your approval pipeline.
Identity & Address Proof
- Student KYC: PAN, Aadhaar Card, Passport (mandatory for abroad)
- Co-borrower KYC: PAN, Aadhaar, Voter ID
- Proof of admission (Admission Letter reflecting fee breakdown)
- Student's academic transcripts (SSC, HSC, Degree marks sheets)
Income Proof (Salaried)
- Co-borrower's Salary slips for the last 3 months
- Co-borrower's Form 16 for the past 2 years
- Co-borrower's 6 months' salary bank statements
Income Proof (Self-Employed)
- Co-borrower's last 2 years' ITR copies
- 12 months' business bank account statements
- Co-borrower's business registration certificate (GST/MSME)
- Audited financials if turnover exceeds tax audit limits
How to Apply
Get from eligibility estimation to disbursement in 4 simple checkpoints.
Submit University Offer
Fill in your course name, university details, country, and fee structures.
Add Co-Borrower Details
Provide your co-applicant's income parameters and credit history.
Secure Underwriting
Submit university admission letters, co-applicant income slips, and academics.
Direct Fee Disbursal
Get tuition fee disbursed directly to the college and travel funds to the student.
Frequently Asked Questions
Answers to common queries regarding Education Loan structures.
Is a co-applicant mandatory for Student Loans?
What is a moratorium period?
Can I get an education loan without pledging collateral?
Ready to secure your Education Loan?
Check your eligibility online in under 3 minutes and get personalized offers from top Indian lenders.
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