Education loan

Find the Best Education loan

About Education loan

A range of benefits on Education loan from Loan-Wala, irrespective of your loan amount or type of Education loan.

Education loan:-

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and all kind of expenses.

Education Loan Eligibility:-

The student applying for the education loan must be a resident of India. He/she must have confirmed admission in recognised educational institutes in India or abroad. The age of the candidate must fall within the bracket of 18 to 35 years during education loan application.

    Eligibility Details Eligibility
    Nationality Indian
    Age Minimum- 18-35 years
    Academic record Proven- good
    Qualification Pursuing graduate/postgraduate degree or a PG diploma.
    Income source Parents/Guardians
    Income Stable
    University Applied to Recognised – In India/Abroad
    Admission Status Confirmed
    Security Tangible collateral or guarantor- depending on the loan amount and income source.

Education Loan Interest Rates:-

A education loan is the good way to pursue higher education without getting your finances disturbed. You can take education loan for courses in India or abroad. For unemployed students, their guardian or parents need to be guarantors.

EMI:-

The Equated Monthly Installment consists of the principal portion of the loan amount and the interest.

Documents Required:-

Since education loan terms differ from one to another, required documents remain largely the same.

    Loan Documents Academic Documents Income documents
    Completed and signed loan application form Admission letter/Offer letter/CAS Last three months' salary slip
    Two passport sized photographs Fee details and break up Income tax return for the last two years
    Photo ID proof Score reports of IELTS/TOEFL/GMAT/GRE --
    Residence Proof Copy of student visa (if applicable) --
    Income Documents Mark sheets of the tenth and twelfth board examinations --
    Mark sheets of an undergraduate degree or any diploma/certificate Educational Qualifications Certificate and Proof of Business

Education Loan Interest Rate

    Axis Bank 15.20%
    Bank of Baroda 8.50% onwards
    Canara Bank 10.40%
    HDFC Bank 11.57%
    Kotak Mahindra Bank 11.5% to 24%
    Punjab National Bank 10.30% onwards
    State Bank of India 10.25%
    Indian Bank 8.60%

If you are looking for an Education Loan for yourself or your ward, you have come to the right place. Loan-Wala provides Education Loans for students looking to pursue higher education in India or abroad, at attractive interest rates.

About Education Loan

Know More About Education Loan

Education, is a must for a complete and successful life. For many, it is equivalent to graduating from a top institute. The cost of education is, however, increasing day by day. In fact, the cost of studying at reputed institutions is already quite high.

But despite all this , one may still encounter shortage of funds. An education loan, therefore, plays a vital role in such a scenario by helping to bridge the gap between the shortfall and the required amount.

According to studies, the cost of education is increasing at an average of 15% per annum. The tentative cost of an MBA is up from Rs 3 lakh to Rs 25 lakh in 15 years. So if a couple starts saving Rs 2,000 per month for 15 years, at an average rate of 12%, they will be able to save approximately Rs 10 lakh.

Our Associated Bank

We have associated with given bank list we also working other bank also

  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • IDBI Bank
  • IndusInd Bank
  • Bandhan Bank
  • State Bank of India
  • Union Bank of India
  • Punjab and Sind Bank
  • Bank of India