Education Loan

Education loans encompass tuition fees, accommodation costs, examination fees, library charges, travel expenses, the purchase of books, laptops/equipment, and other expenses related to the course. Additionally, for overseas education, foreign exchange expenses and travel costs are included.

The moratorium period refers to the timeframe in which you are not required to make EMI payments. This period generally encompasses the duration of the course along with an additional 6 months to 1 year following the completion of the course or the acquisition of employment, depending on which event occurs first.

For loans amounting to ₹7.5 lakhs or less, collateral is typically not necessary. However, for larger sums, collateral such as property, fixed deposits, or liquid securities may be required, contingent upon the lender and the total loan amount.

Indeed, we provide educational loans for pursuing studies overseas at accredited universities. The loan encompasses tuition fees, living costs, travel expenses, and additional charges. We have partnerships with institutions globally to streamline the process.

Generally, parents or legal guardians may serve as co-borrowers. In certain situations, a spouse (if the student is married) or a sibling may also qualify as co-borrowers. It is essential for the co-borrower to possess a stable income and a solid credit history.