Moratorium

Education Loan

Study first. Repay after you graduate.

Tuition, hostel, living expenses, laptop and flight tickets — for courses in India or overseas. Repayment starts only after the course (plus a grace period), and the interest earns you a tax deduction.

Amount
Up to ₹1.5 crore
Tenure
Up to 15 years
Disbursal
7 – 15 working days
Collateral
Above lender limits
Who it's for

Made for moments like these

Engineering & medicineMBA in IndiaMasters abroad (US, UK, Canada, Australia, Germany)Vocational & skill coursesParents as co-applicantsScholarship holders
Why this loan, with us

Key features

Everything covered

Fees, accommodation, books, laptop, travel and insurance in one sanction.

Moratorium period

No EMIs during the course and for 6 – 12 months after; simple interest can be serviced to reduce cost.

Tax benefit (Sec 80E)

Interest paid is deductible for up to 8 years — a real saving for the co-applicant.

Collateral-free bands

Up to ₹7.5 lakh (and higher for premier institutes) without security under lender and government schemes.

Before you apply

Eligibility & documents

Eligibility

  • Confirmed admission to a recognised institute
  • Indian citizen; co-applicant (parent / guardian / spouse)
  • Academic record as per lender norms
  • Collateral for amounts above the unsecured band

Documents

  • Admission letter and fee structure
  • Marksheets (10th, 12th, graduation) and entrance scores
  • KYC + income proof of co-applicant
  • Collateral papers if applicable; passport & visa for overseas

We send you a single checklist and collect everything once — doorstep in Mysuru, digital elsewhere.

The process

From enquiry to money in your account

01

Apply in 2 minutes

Form or WhatsApp — amount, purpose and a few basics. A real person calls back within working hours.

02

Lender match

We check your profile against partner policies and shortlist the offer most likely to approve at the best rate.

03

Documents & verification

One checklist, one collection. We coordinate any valuation, legal or field verification.

04

Sanction & disbursal

We follow up with the lender until disbursal — typical timeline: 7 – 15 working days.

Plan your EMI

Education Loan calculator

Pre-set with typical education loan ranges. Figures are indicative — your lender's final rate applies.

₹20,00,000
10% p.a.
10 years
Your monthly EMI
Total interest
Total payable
Principal Interest
Apply for this amount
Good to know

Education Loan FAQs

When do I start paying?

After the course ends plus a grace period of 6 – 12 months. You may choose to pay just the interest during study to keep the total cost down.

Do I need collateral for a US or UK Masters?

Not always. Several lenders fund top-ranked programmes unsecured up to ₹40 – 50 lakh based on the institute and course.

Can the loan cover living expenses abroad?

Yes — most lenders fund living costs, travel and health insurance alongside tuition, up to the I-20 / offer-letter estimate.

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Ready to apply for a Education Loan?

Two minutes to apply. Zero consultation fee. A real answer within hours.