Fulfil your academic dreams with the right education loan. Compare top banks, calculate EMI, and apply with expert guidance — all in one place.
₹1.5 Cr
Max Loan Amount
8.5%
Interest From
15 Yrs
Max Tenure
Banks Providing Education Loans
Why Choose Us
Loan Categories
Loans for students pursuing higher education in India at recognized institutions. Cover tuition, books, hostel, and examination fees.
Finance your international education dream. Covers tuition, accommodation, travel, and living expenses abroad.
Short-term loans for vocational and skill-based courses recognized by NSDC, IITs, IIMs, and polytechnics.
Compare Banks
State Bank of India
Punjab National Bank
HDFC Bank
Axis Bank
ICICI Bank
Canara Bank
Estimate your monthly instalment instantly
Use sliders or type in values for accurate EMI computation
Who Can Apply
Must be an Indian national (NRI students may apply under specific schemes)
Minimum age: 18 years (minor applicants need parent/guardian as co-applicant)
Secured admission in a recognized institution in India or abroad
Satisfactory academic record (minimum 50% in qualifying examination)
Co-applicant required — parent/guardian/spouse with regular income
Good credit history for co-applicant (CIBIL score 650+ preferred)
What You Need
Identity & Address
Academic
Financial
Loan Specific
Save More
Check if you qualify for interest subsidies that can save you lakhs
Central Sector Interest Subsidy
Full interest subsidy during moratorium period for economically weaker sections (parental income ≤ ₹4.5 Lakh/year). Applicable for technical/professional courses in India.
Study Abroad Subsidy
Interest subsidy for meritorious students from minority communities pursuing education abroad. Covers the entire moratorium period.
OBC & EBC Students
Interest subsidy for OBC and EBC students pursuing education abroad during moratorium period. No ceiling on income for EBC.
Vocational Courses
Government-backed loans for ITI, polytechnic, and NSQF courses. Quick processing with minimal documentation for courses up to 3 years.
Simple Process
Collect Admission Letter
Obtain official admission letter from college or university.
Fill Application Form
Complete the education loan application with required details.
Submit Documents
Provide mark sheets, fee structure, KYC, co-applicant documents.
Approval & Disbursement
Bank approves and disburses loan directly to institution.
Save on Taxes
Under Section 80E of the Income Tax Act, 1961, you can claim a deduction on the interest paid on your education loan — with no upper cap on the deduction amount.
Section 80E Deduction
Deduction on interest paid on education loan for up to 8 consecutive years from year of repayment.
No Upper Limit
There is no upper limit on the deduction amount — you can claim the entire interest component.
Both Loan Types
Applicable for both domestic and international education loans from approved lenders.
Self & Relative
Loan can be taken for self, spouse, children, or a student for whom you are legal guardian.
Section 80E
Interest deduction
8 Years
Max deduction period
No Limit
On interest amount
Self + Family
Eligible borrowers
Additional Finance
A Top Up Loan is permitted within the overall limit to pursue additional professional or technical courses in India or abroad. This facility is available when further studies begin during the moratorium period of your first loan.
After the second loan, the moratorium period extends for the second course duration. Repayment commences one year after completion or 6 months after employment — whichever is earlier.
Success Stories
“SBI's Vidyalakshmi scheme was seamless. The process was fully online and they covered all my expenses — tuition, accommodation, and even travel. Highly recommend!”
Rahul Mehta
MS Computer Science, USA
“HDFC processed my loan in just 5 days. The documentation was minimal and the executive was very helpful throughout the process. Best experience!”
Priya Sharma
MBBS, Manipal University
“Got 0.5% concession for female applicants through Axis Bank. The online portal made tracking the application very easy. Disbursement was on time.”
Amit Verma
MBA, IIM Bangalore
“No collateral needed for my loan. Canara Bank processed everything quickly and the interest rate was among the lowest. Very satisfied with the service.”
Sneha Patel
B.Tech, IIT Delhi
Common Questions
Government banks offer up to ₹1.5 Crore for abroad studies and ₹20–40 Lakh for domestic studies. Private banks and NBFCs may offer higher limits based on the profile.
Still have questions? Our counselors are here to help.
Our certified financial advisors will help you choose the right loan, calculate your EMI, and complete your application — completely free of charge.
2L+
Students Helped
50+
Partner Banks
₹500Cr+
Loans Disbursed
4.8★
Customer Rating