Education Loans for Your Future
Invest in your education without financial constraints. Samridhya connects you with education loan offers from multiple lenders — covering tuition, accommodation, and living expenses for courses in India and abroad. Benefit from moratorium periods, competitive interest rates from 8.5% p.a., and tenures up to 15 years.
₹50 Lakhs
Maximum Loan
Course + 6-12 mo
Moratorium
From 8.5%
Interest Rate
Up to 15 Years
Tenure
What Does an Education Loan Cover?
Tuition & Course Fees
Full tuition fees for undergraduate, postgraduate, and professional courses.
Accommodation
Hostel fees, rental deposits, and on-campus housing charges.
Study Materials
Books, equipment, laptops, and laboratory or workshop fees.
Travel & Living
Airfare, visa fees, health insurance, and living expenses for students studying abroad.
Why Choose Samridhya for Education Loans?
India & Abroad Coverage
Whether you're studying at IITs, IIMs, or top universities in the US, UK, Canada, or Australia — our partner lenders finance education globally.
Moratorium Period
No EMI pressure during your studies. Repayment begins only after course completion plus a grace period of 6-12 months.
Competitive Rates
Interest rates starting from 8.5% p.a. with options for interest subsidies under government schemes for economically weaker sections.
Tax Benefits
Interest paid on education loans qualifies for tax deduction under Section 80E of the Income Tax Act, with no upper limit on the deduction amount.
Collateral-Free Options
Education loans up to ₹7.5 Lakhs are available without any collateral requirement from most lenders.
Multiple Lender Comparison
Compare education loan offers from banks and NBFCs on a single platform. Choose the best rate and terms for your course.
Education Loan Eligibility
- Indian citizen enrolled in or admitted to a recognised institution
- Age: Typically 18-35 years at the time of application
- Co-applicant required (parent, guardian, or spouse)
- Admission confirmation letter from the institution
- No minimum income requirement for the student (co-applicant income is assessed)
- Courses covered: UG, PG, professional, vocational, and diploma programmes
Education Loan — Frequently Asked Questions
- What is an education loan?
- An education loan is a financial product designed to cover the cost of higher education — including tuition fees, hostel charges, books, equipment, and living expenses. The loan is typically offered with a moratorium period (repayment holiday) that lasts until the course is completed plus 6-12 months, giving students time to find employment before repayment begins.
- What expenses does an education loan cover?
- Education loans typically cover tuition fees, examination fees, library and laboratory charges, hostel accommodation, books and study materials, equipment (laptop, instruments), travel expenses for studying abroad, and caution deposits. Some lenders also cover living expenses and health insurance for international students.
- What is the moratorium period?
- The moratorium period is a repayment holiday during which you are not required to pay EMIs. For education loans, this period typically covers the entire duration of the course plus 6-12 months after completion. During the moratorium, simple interest may accrue on the disbursed amount. Repayment through EMIs begins after the moratorium ends.
- Do I need collateral for an education loan?
- Education loans up to ₹4-7.5 Lakhs (depending on the lender) are typically available without collateral. For higher amounts, lenders may require collateral such as property, fixed deposits, or other assets. Some government-backed schemes offer collateral-free education loans up to ₹10 Lakhs.
- Can I get an education loan for studying abroad?
- Yes. Education loans for studying abroad are available for courses in countries like the USA, UK, Canada, Australia, Germany, and others. Loan amounts for international education are generally higher (up to ₹1 Crore in some cases) to cover tuition, travel, visa fees, and living expenses in the destination country.
- What is the interest rate on education loans?
- Education loan interest rates typically range from 8.5% to 15% p.a. depending on the lender, loan amount, course, institution, and whether the loan is secured or unsecured. Government banks often offer lower rates than private lenders. Interest during the moratorium period may be at a concessional rate.
Invest in Your Education Today
Don't let finances hold you back. Apply for an education loan and focus on what matters — your studies.
Apply for Education Loan