Education Loan & School Financing
From school fees to a degree in India or abroad — fund your child's future without touching your savings. Flexible repayment, a study-period moratorium and tax benefits, handled end to end.
*Indicative. Amount, rate and collateral depend on course, institution and lender.
Features & benefits
Covers everything
Tuition, exam & library fees, hostel, books, laptop and even travel for abroad study.
Study-period moratorium
Repayment can begin after the course (plus a grace period) — not during it.
Tax benefit
Interest paid is eligible for deduction under Section 80E of the Income Tax Act.
India & abroad
Fund studies at recognised institutions in India or overseas.
School fee financing
Spread school and junior-college fees into easy instalments instead of one lump sum.
Protect your savings
Keep your investments intact and let the loan fund education at a low rate.
Who can apply
- Indian student with confirmed admission to a recognised course
- A parent / guardian / spouse as co-applicant
- Course at a recognised school, college or university (India or abroad)
- Co-applicant with steady income to support repayment
- Collateral may be needed for higher amounts (we'll advise)
Documents required
Student & co-applicant KYC
- PAN, Aadhaar & address proof of both
- Passport & visa (for study abroad)
Academic & income
- Admission letter & fee structure
- Mark sheets & co-applicant income proof / bank statements
Get Instant Education Loans
with the LoanBandhu App
Apply, upload documents and track approval from your phone. Coming soon to Android & iOS.
Questions, answered
Can I finance school fees, not just college?
Yes. We offer school-fee financing that spreads school and junior-college fees into easy instalments, alongside traditional higher-education loans.
When do I start repaying?
Most education loans offer a moratorium — repayment usually starts after the course ends, plus a grace period of a few months, so the student can settle into a job first.
Does it cover studying abroad?
Absolutely. We finance recognised courses in India and overseas, covering tuition, living costs and travel, with higher limits for abroad study.
Is there a tax benefit?
Yes — the interest paid on an education loan is eligible for deduction under Section 80E. We'll explain how it applies to you.
Fund education the smart way.
Free, no-obligation guidance at the lowest possible rate.
Enquire about your Education Loan
Share a few details and your dedicated Loan Bandhu calls you with the lowest-ROI offer. Free & no-obligation.
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