Invest in learning without the stress
Pay school or college fees, professional and skill courses, or coaching classes. The loan can be taken by a parent, guardian or earning student.
- Fee for Vocational & Certification Courses
- Coaching classes
- Skill & certificate courses
- Laptops & study material
- Hostel fees
Loan details
- Loan amount
- Upto ₹ 1,00,000
- Repayment period
- Upto 24 months
- Interest rate
- 36% p.a.
- Processing fee
- 3% + GST, deducted at disbursal
- Disbursement
- To the institution or applicant
- Collateral
- None
Illustrative terms. Final amount, rate and tenure depend on your credit assessment, as per our Interest Gradation Policy. All charges are shown in your Key Fact Statement before you sign.
Who can apply
- Parent, guardian or earning student (co-applicant where required)
- Aged 21 – 36 years
- Regular income proof of the applicant
Documents required
- PAN card and address proof of the applicant
- Admission letter or fee receipt from the institution
- Income proof and bank statement of the applicant
- Student's ID proof
Avail Loan in 3 Easy Steps
Submit Basic Details
- Download the mobile application from App/Play Store
- Sign-in with Aadhar linked mobile number
- Submit basic details
Credit Assessment
- Submit basic documents (PAN card, ID proof, residence address proof, income proof)
- No mortgage or collateral needed
- Process can be completed within 20 minutes
Fast Decision Making & Disbursement
- Instant credit decision
- Loan amount is disbursed to your account within 24 hours after approval
Questions about the education loan
Can the loan be paid directly to the college?
Yes. The amount can be disbursed to the institution against the fee receipt or admission letter.
Who repays the loan?
The applicant (usually a parent or guardian) repays through monthly EMIs on the 5th of every month.
Is collateral required?
No. The education loan is unsecured.