Education Loan Interest rates starting at 9.25% p.a. onwards

  • Quick loan sanction
  • Part Prepayment available
  • Loan amount up to Rs 1 Crore
  • T&C Apply

Looking for a Education Loan?

Let us help you find the most suitable offers.

Education Loan

Going abroad for higher studies? Or there’s a course that is domestic and expensive? Whatever be your reason for higher studies, it’s understood that higher education is often very expensive, with the rising cost of education. But that shouldn’t stop you!

We, at PaisaPulse, understand about your career aspirations and offer the needed Student Loans, for successfully aiding your journey to higher education. Getting an Education Loan through PaisaPulse is an easy and simple process. We aim at providing financial support for aspiring students, for pursuing professional higher education in India and overseas.

Education Loan eligibility

Particulars Eligibility
Nationality Indian
Age Minimum- 16 years Maximum- 35 years
Academic record Proven - good
Qualification 12th Std
For Pursuing Graduate / Postgraduate Degree or a PG diploma in professional Education.
University applied to Listed and Recognized and Accredited Institutes in India and Overseas
Admission Status Pre- admission sanction / Basis entrance exam score like GRE,GMAT etc./ Confirmed
Loan Amount Domestic – Upto Rs 1 crore
International – Upto Rs 2 crore
Co-Borrower Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grand Parents, Parents in law, Brother in law, Maternal/Paternal Uncle.
Security Property i.e. House or Flat, FD –Fixed Deposit, Existing Bank Home Loan for cross collateral.

Required Documents

Here are the mandatory documents that a student need to provide to the banks while applying for a student loan:

  • Duly filled online iLENS application form with affixed photographs
  • 2 photographs of passport size
  • Copy of exam mark sheets of 10th/12th or latest education certificate
  • Admission letter with cost of education
  • Aadhaar Card and Pan Card of the student and Parent/ Guardian

    Age proof

  • Copy of Aadhaar Card /Voter ID/Passport/Driving License

    Identity proof

  • Copy of Voter ID/Aadhaar Card/Driving License/Passport

    Residence proof

  • Bank statement of 6 months of the student or co-borrower/guarantor/Copy of Ration card/Gas Book/Electricity Bill/Tel Bill

    Income proof

  • Most recent salary slips or Form 16 of the parent/ guardian/co-borrower
  • 6 months bank statement of the borrower or updated passbook of bank
  • Updated ITR (Income Tax Return with income computation) of 2 years or IT assessment order of last 2 years of parent/co-borrower/guardian
  • Documents stating the assets and liabilities of the parent/co-borrower/guardian

Enjoy pocket-friendly and transparent Fees & Charges

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