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Deepak Kumar
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9410928747

deepakkumar@shriramindiafinance.com

Loan Assistance

Education Loan

Finance higher studies in India and premier universities abroad with moratorium-friendly tenures.

View Eligibility Criteria
Key Highlights
Starting Interest Rate 9.15% p.a. Rates vary by university ranking, course nature, collateral security, and co-borrower income.
Loan Tenure Up to 15 Years (including moratorium)
Loan Amount Range ₹2 Lakhs to ₹1.5 Crore+

About This Loan

Higher education is the gateway to promising careers and global opportunities. An Education Loan finances course tuition fees, hostel accommodation, travel expenses, books, and study materials for undergraduate and postgraduate courses in India or top international institutions.

Shri Ram India Finance assists students and parents in understanding moratorium repayment terms, co-borrower criteria, collateral options, and tax savings under Section 80E.

Key Features

Comprehensive coverage: tuition fee, examination fee, living expenses, laptop, and airfare
Moratorium period: repayment starts 6 to 12 months after course completion
Tax deduction on entire interest paid under Section 80E with no upper limit
Unsecured loans available up to ₹40-50 Lakhs for top-ranked global universities
Pre-visa sanction letters available for international admissions

Eligibility Criteria

Final eligibility parameters are evaluated by individual lenders based on credit bureau reports and repayment capacity.

  • Student must have secured admission into a recognized college/university in India or abroad
  • Parent, guardian, or spouse must join as co-applicant / co-borrower
  • Good academic track record in qualifying examinations
  • Indian national with valid passport (for abroad studies)

Documents Required

Keep these documents ready to ensure quick verification and smooth coordination with lending partners.
Admission letter / Offer letter from university with detailed fee breakdown
Academic marksheets (10th, 12th, Graduation degree, GRE/GMAT/IELTS/TOEFL scores)
KYC documents of student and co-applicant
Income proof of co-applicant (Salary slips, Form 16, 2-3 years ITR, Bank statements)
Property documents if applying for secured loan brackets

Benefits of Applying With Us

Empowers students to achieve world-class education independently
Relieves upfront financial strain on family emergency reserves
Unlimited tax deductions on interest paid for up to 8 continuous years
Assistance with university pre-sanctions and visa documentation

Who Can Apply?

Students who have qualified for entrance examinations or received admission confirmations from accredited Indian or foreign colleges.

Education Loan FAQs

A moratorium period is a repayment holiday extending throughout the course duration plus an extra 6 to 12 months, allowing students to land employment before EMIs begin.

For loans up to ₹7.5 Lakhs (and up to ₹40-50 Lakhs for select premier institutes), many lenders offer collateral-free loans backed by a parent co-applicant.
Dedicated Support

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Looking for Education Loan?

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