Education Loan
Fund higher education in India and abroad with tenure up to 15 years and moratorium during study.
Empowering Dreams with Education Loans
An education loan makes premier education accessible without depleting family savings. Loansathi Finverse partners with all leading banks to offer education loans for undergraduate, postgraduate, PhD, professional and vocational courses — in India and 30+ countries abroad.
Loans include tuition fees, exam fees, living expenses, books, laptop, travel and even insurance. During the study period plus a 6–12 month grace period (moratorium), only optional simple interest is payable — full EMIs start after course completion.
Tax benefits under Section 80E apply on the interest paid for up to 8 years, and premier-institute students get preferential rates and unsecured loans up to ₹1 Cr.
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Key Features & Benefits
India & Abroad
Fund studies in 30+ countries.
Moratorium
No EMI during study period.
Full Coverage
Tuition, living, travel, laptop.
High Amount
Up to ₹1.5 Cr for select programs.
Low Rates
From 9.15% for premier institutes.
Tax Benefit
Section 80E deduction on interest.
Eligibility Criteria
- ✅ Indian citizen aged 16–35 years
- ✅ Confirmed admission at recognised institute
- ✅ Co-applicant parent/guardian required
- ✅ Good academic record
- ✅ For loans >₹7.5 L: collateral typically required
Documents Required
- 📄 Admission letter & fee structure
- 📄 Academic records (10th, 12th, graduation)
- 📄 KYC of student & co-applicant
- 📄 Co-applicant income proof
- 📄 6 months bank statement
- 📄 Passport & visa (for abroad)
- 📄 Collateral documents (if applicable)
FAQs about Education Loan
Loans up to ₹7.5 Lakh are typically unsecured. Higher loans usually require collateral or third-party guarantee.
Course duration + 6 to 12 months. No EMI, only optional interest.
Yes. CSIS, Padho Pardesh and Dr Ambedkar interest subsidy schemes are available for eligible categories.
Yes. Many banks offer 100% financing for premier institutes like IIMs, IITs, Ivy League, top 500 QS.