Overview
Education Loans help students finance their academic goals in India and abroad, covering tuition fees, accommodation, travel, and books. Repayment starts after course completion.
Features & Specifications
- Loan amounts up to Rs. 1.5 Crores for foreign education.
- Moratorium period during the course plus 6-12 months.
- Collateral-free loans up to Rs. 7.5 Lakhs.
- Tax benefits under Section 80E.
Interest Rate
9.50% - 12.50% p.a.
Processing Fee
Nil to 1.00%
Eligibility Criteria
- Indian National.
- Secured admission in recognized course/university.
- Co-borrower (parents/spouse) with stable income.
Documents Required
- Admission letter with fee structure.
- Academic marksheets (10th, 12th, Graduation).
- Co-borrower KYC and income documents.
- Collateral documents (if loan > 7.5 Lakhs).
Key Benefits of Applying via Loan Sahyog
- Relieves parents' immediate financial burden.
- No payment during studies.
- Boosts student responsibility.