About Education Loan

Loanskart brings you Education Loans for studies both in India and abroad starting from Rs. 50,000 at attractive interest rates. With an Loanskart Education Loan you can enjoy a host of benefits such as simple documentation, quick loan disbursal, tax benefit u/s 80(E), long repayment tenure, etc. Find out more about the features and benefits of Student Loan in India, below.

PRIME ABROAD

  • Education Loan for full-time Premier Courses Abroad
  • Unsecured Loan upto 40Lakhs*
  • Door-Step Service
  • Multi-currency Forex Card
  • Loan Tenure upto 15 yrs

PRIME DOMESTIC

  • Education Loan for selected leading full-time courses in India
  • Unsecured Loan upto 40Lakhs*
  • Door-Step Service
  • Loan Tenure upto 15 yrs

GRE based Funding

  • Unsecured Loan for Abroad universities on the basis of GRE score
  • Moratorium during course period
  • Loan tenure upto 10 yrs

Loan for Higher Study

  • Education loan for pursuing higher education in India or abroad
  • No Collateral security upto 7.5Lakhs
  • No Pre-closure Charges
  • Door-Step Service

Loan for Working Professionals

  • Unsecured Loan upto 20Lakhs to working professionals
  • No co-applicant
  • Loan repayment tenure upto 10yrs

BALANCE TRANSFER

  • Switch your existing high cost Education Loan & reduce your monthly EMI
  • No Pre-closure Charges
  • Door-Step Service
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Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Yes, banks do charge a processing fee of 2-3% on the loan amount. But you can negotiate with the bank to reduce the fee.

Education loans can be prepaid in parts or fully at any point of time. Some banks charge a prepayment penalty while some don’t. Very few banks allow the part-prepayment. Thus read all the loan documents carefully before signing.

Yes, you can club your spouse’s income in order to boost your eligibility to get a Education loan.

Applying for a Education loan on Ruloans involves few easy steps:

 

  • How to Apply For a Education Loan on Loanskart?
  • Step 1: Go to the ‘Education Loan’ page on our website and click on ‘Apply Now’ box.
  • Step 2: Fill out the initial Education and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
  • Step 3: Our loan calculator presents you a list of banks and NBFCs most suitable for you as per your eligibility criteria. The list will include the name of the financial institutions, interest rates, required document list etc.
  • Step 4: From the given list, you can choose the financial institute of your choice. You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
  • Step 5: Your application will be sent electronically to the bank you selected. You will be informed about the status of your application via SMS, email or you can track it via website too.

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