Nothing can replace quality education when it comes to building a bright and successful future for your child and education is the only thing that can get a happy life going. However, due to the rising cost of higher education for students in India as well as abroad, parents are finding it more and more difficult to self-finance their children's education hence there is a huge demand for loans to cover education expenses. Unlike most educational institutions today, educationalloans are given to meritorious and deserving students so that nothing hinders their progress and they achieve the best of education in India or abroad. At present, almost every Indian bank and NBFC offer education loans in India to students interested in pursuing a wide range of graduate, post graduate, professional and doctoral courses/degrees..

The quantum of expenses covered by this type of loan covers not just the direct expenses such as tuition fees and registration/examination fees, but also allied expenses such as those for uniforms, lab equipment/tools required for the course, travelling expenses and laptop. Aside from the fee payable to the school/college, other expenses covered by most education loans include

Under this Scheme Interest is given during the moratorium period i.e., Course period plus one year on Education Loan taken from the Scheduled Banks under the Model Education Loan Scheme of Indian Banks Association to students belonging to economically weaker sections whose annual.


  • An Education loanplan is a safe and efficient way to gain finance for when compromising on your child’s education is not an option. It is a long-term investment in your child’s secure future. It has the following features.
  • Anyone can opt for Education loan to study abroador in India for graduate, post graduate, professional and/or doctoral courses/degrees.
  • Loan cannot be assigned to the student alone, the parent or guardian needs to be co-signor for the loan.
  • Female students are usually offered discounts and/or lower interest rates when it comes to education loans.
  • The normal student loan repayment period is 5 to 7 years, but flexible options for settlement of education loanswith longer time period, i.e. 10to15 years is also available.
  • You should be an Indian citizen.