Any Indian citizen who has secured admission to a recognized institution in India or overseas can apply. A co-applicant (parent or guardian) with a stable income is generally required.

Education loans typically cover tuition fees, living expenses, accommodation, travel, books, insurance, and exam fees. For overseas studies, it may also include visa and flight costs.

Interest rates vary by lender and loan type, usually ranging from 8% to 13% per annum. Students with strong academic profiles or co-applicants with good credit scores can get lower interest education loans.

Not always. Many lenders offer collateral-free education loans up to a certain amount, especially for reputed universities or specific partner institutions. Larger loan amounts may require collateral like property or fixed deposits.

Most lenders offer a repayment tenure of 10–15 years. Repayment usually begins 6 to 12 months after course completion or once the student secures employment.

Yes. You can easily get a study abroad loan covering tuition, living, and travel expenses for universities in countries like the USA, UK, Canada, Australia, Germany, and more.

You’ll need your admission letter, academic records, ID & address proof, income proof of co-applicant, and bank statements. Some lenders may request additional documents for verification.

Most education loans are approved within 3–7 working days after submitting all required documents, depending on the lender and loan amount.

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