Education Loan

Features & benefits

Invest in your future

Don't let finances stand between you and your educational goals. Our education loans cover tuition, living expenses, books, and equipment for studies in India or abroad — with a repayment moratorium until well after you graduate.

Loan amount up to ₹1 Crore
Interest rates starting from 9% p.a.
No collateral required for loans up to ₹10 Lakhs
Covers tuition, living expenses, books & equipment
Moratorium: course duration + 6-12 months
Tax benefit on interest under Section 80E

Apply for Education Loan → Check Eligibility →

₹0 Crore

Maximum loan amount

0% p.a.

Starting interest rate

No Collateral

Up to ₹10 Lakhs

Key benefits

Education loan advantages

100% Financing

Complete coverage of tuition fees and related expenses.

Flexible Repayment

Repay after your course ends, with a moratorium of 6-12 months post-completion.

Minimal Documentation

Simple paperwork — academic and financial documents only.

No Prepayment Penalty

Repay early without any prepayment charges.

Tax Benefits

Claim deduction on interest paid under Section 80E of the Income Tax Act.

Wide Coverage

Loans for studies in India and abroad across a wide range of courses.

Coverage

Eligible courses

Assetra mascot flying with open arms between cloud islands holding a graduation cap, books, a globe, a laptop, and a piggy bank — what an education loan can fund

Undergraduate

Recognized UG degree courses across disciplines.

Postgraduate

PG degree & diploma programs, including MBA and M.Tech.

Professional Courses

Medicine, engineering, law, CA, CS and other professional programs.

Vocational Courses

Skill-based and vocational training programs.

Foreign Education

UG/PG courses at recognized universities abroad.

Specialized Courses

Research programs, PhDs and other specialized study tracks.

Requirements

Eligibility criteria

Indian Citizenship

Applicant must be an Indian citizen or NRI, as applicable.

Admission Status

Confirmed admission to a recognized institution in India or abroad.

Academic Record

Consistent academic performance in prior qualifying examinations.

Age

Minimum 18 years of age at the time of application.

Co-Applicant Required

Parent or guardian must be a co-applicant on the loan.

Co-Applicant's Financial Standing

Stable income or financial standing of the parent/guardian co-applicant.

Loan details

Amount, interest & repayment

Loan Amount

Coverage scales with your destination of study.

₹10L – ₹1Cr

Studies in India: up to ₹50 Lakhs
Studies abroad: up to ₹1 Crore

Interest Rates

Rate depends on the loan amount and collateral.

9% – 14%

Up to ₹10 Lakhs: 9-11.5%
Above ₹10 Lakhs: 10.5-14%

Repayment

No EMIs while you're still studying.

Up to 15 Years

Moratorium: course duration + 6-12 months
No prepayment penalty

Documentation

Required documents

Identity & Address

Identity proof (Aadhaar, PAN, Passport)
Address proof of student & co-applicant

Academic Documents

Admission letter / offer letter
Mark sheets of qualifying examinations
Fee structure from the institution

Financial Documents (of co-applicant)

Income proof / salary slips / ITR
Bank statements for last 6 months

Collateral Documents (for loans above ₹10L)

Property or fixed deposit documents
Valuation certificate (where applicable)

Simple process

How to apply

Apply Online

Fill our short education loan form — takes just a few minutes.

Document Submission

Share your admission letter, academic and co-applicant financial documents.

Loan Approval

Our partner banks review and approve your application.

Loan Disbursement

Funds are disbursed directly to your institution or as per fee schedule.

Questions & answers

Frequently asked questions

No collateral is required for loans up to ₹10 Lakhs. For amounts above ₹10 Lakhs, banks typically require collateral such as property documents or a fixed deposit, along with a parent or guardian as co-applicant.

Repayment begins after a moratorium period covering your full course duration plus 6-12 months, giving you time to find employment before EMIs start.

The loan covers tuition fees, hostel or living expenses, books, equipment, and other course-related costs, whether you're studying in India or abroad.

Yes, a parent or guardian must be a co-applicant on the loan. Their income and financial standing are assessed alongside the student's academic profile and admission status.

Yes, the interest paid on an education loan qualifies for deduction under Section 80E of the Income Tax Act, with no upper limit on the deduction amount for up to 8 years.