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Education Loan

10% p.a. ₹50,000 - ₹5,000,000 | 1 - 10 Years

Important Education Loan Information

Please review the loan terms, repayment period and representative cost before applying.

Loan Amount

₹50,000 – ₹5,000,000

Subject to lender eligibility and approval.

Maximum Annual Percentage Rate (APR)

Up to 10% APR

Actual APR may vary based on the lending partner and applicant profile.

Repayment Period

1 – 10 Years

Final tenure depends on lender approval and eligibility.

Processing Fee

₹0 Platform Fee

Any lender charges, if applicable, are disclosed before acceptance.

Representative Example

The following is a representative illustration based on the loan terms displayed on this page.

Loan Amount

₹50,000

Annual Percentage Rate (APR)

10.00%

Repayment Period

1 Year

Estimated Monthly Payment

₹4,395.79

Total Interest

₹2,749.53

Processing Fee

₹0.00

Total Cost of Representative Loan

₹52,749.53

This representative example is illustrative. Actual APR, EMI, tenure, fees and total repayment may vary according to the lending partner's assessment and the applicant's eligibility.

Important Disclaimer

Education Loan applications are subject to the lending partner's eligibility, verification, credit assessment and approval process. LoanWala facilitates loan enquiries and does not guarantee approval or disbursement. Final loan amount, APR, repayment period, EMI, fees and other applicable terms are determined by the respective lending partner and are disclosed before acceptance of the loan.

About This Loan

Invest in your future with our Education Loan. Cover tuition fees, living expenses, books, and travel for studies in India or abroad. Moratorium period till course completion + 6 months.

Key Features

Loan up to ₹5 Lakh for India, higher for abroad
Covers tuition, hostel, books, travel, laptop
Moratorium: Course period + 6 months
Tax benefit under Section 80E
No collateral up to ₹4 Lakh
Simple interest during moratorium period
Flexible repayment after course completion
Quick approval with admission letter

Eligibility Criteria

Student age: 16 to 35 years
Admission confirmed in recognized institution
Co-applicant mandatory (parent/guardian)
Co-applicant minimum income: ₹20,000/month
Academic record: Minimum 60% in last qualification
For abroad: Valid passport & visa
Course should lead to employment

Required Documents

1 Student & Co-applicant Aadhaar & PAN
2 Admission Letter / Offer Letter
3 Fee Structure from Institution
4 Mark Sheets (10th, 12th, Graduation)
5 Co-applicant Income Proof (Salary/ITR)
6 Bank Statement (co-applicant, 6 months)
7 Passport copy (for abroad studies)
8 Property Documents (if collateral required)

What Can You Use It For?

Tuition FeesHostel & LivingBooks & EquipmentTravel ExpensesLaptop/ComputerExam & Lab FeesProject WorkOverseas Studies

Calculate Your EMI

Your Monthly EMI

₹4,249

Loan Amount ₹2,00,000
₹50,000 ₹5,000,000
Tenure 1 Years
1 Yr 10 Yr
Total Interest ₹54,960
Total Payment ₹2,54,960
Apply for Education Loan →
Free Apply No Charges 24hr Approval

Quick Info

Interest Rate 10% p.a.
Processing Fee ₹0 (Nil)
Prepayment Penalty None
Approval Time 24 Hours
Collateral Not Required

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