All FAQs

The requirement for a co-applicant depends on the lender, loan amount, course and applicant’s financial profile. In many cases, a parent or guardian may be required as a co-applicant, particularly when the student has limited or no independent income.

Repayment terms vary depending on the lender and loan scheme. Some Education Loans may provide a moratorium period covering the course duration and an additional period after completion of the course. The applicable repayment schedule is specified in the loan agreement.

Collateral requirements depend on factors such as the loan amount, course, institution, study location and lender’s policies. Some Education Loans may be available without collateral, while others may require security or a guarantee.

Education Loan interest rates vary depending on the lender, loan scheme, course, institution and applicant profile. The applicable interest rate and other loan terms are confirmed by the lender based on its eligibility and assessment criteria.

The eligible loan amount depends on factors such as the course and institution, total education expenses, applicant and co-applicant profile, repayment capacity and the lender’s policies. The final amount is determined after the lender’s assessment.

Commonly required documents may include identity and address proof, academic records, admission or offer letter, course and fee details, co-applicant’s income documents and bank statements. Additional documents may be required depending on the lender and loan type.

Yes, eligible students may apply for an Education Loan to pursue higher education abroad. The lender may consider factors such as the course, institution, admission status, academic profile, co-applicant’s financial profile and other eligibility criteria.

Depending on the lender and loan scheme, an Education Loan may cover tuition fees, examination fees, books and study materials, accommodation, travel expenses for eligible overseas education and other course-related expenses.

Students pursuing eligible courses at recognised educational institutions may apply for an Education Loan, generally with a parent, guardian or eligible family member as a co-applicant. Eligibility requirements vary depending on the lender and course.

An Education Loan is a financing option designed to help students and their families meet eligible education-related expenses. It can cover expenses such as tuition fees, examination fees, books, accommodation and other approved educational costs, subject to the lender’s terms.