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Education Loan — Study in India & Abroad from 8.85% p.a.

Invest in your future. Education loans covering tuition, hostel, and living expenses for courses in India and abroad. Tax benefit under Section 80E. Up to ₹1.5 Crore.

📉 Interest from 8.85% p.a.
💰 Up to ₹1.5 Crore
📅 Tenure Up to 15 Years
⚡ Approval 24–48 Hours
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25+
Bank Partners
8.85% p.a.
Starting Interest Rate
₹500Cr+
Loans Disbursed
10,000+
Happy Customers
24 hrs
Avg Approval Time
Why Choose CredBazar

Education Loan — Key Features

🎓
India & Abroad Courses
Covers engineering, medicine, MBA, law, and other professional courses at recognized institutions in India and overseas.
💸
Tax Benefit under 80E
Interest paid on education loan qualifies for tax deduction under Section 80E of Income Tax Act.
📅
Moratorium Period
No EMI during the course period. Repayment starts 6–12 months after course completion or getting a job.
🏫
Wide College Coverage
Loans for IITs, IIMs, NITs, and top international universities including US, UK, Canada, Australia.
💰
Full Expense Coverage
Covers tuition fees, hostel, travel, books, equipment, and other academic expenses.
🔓
Collateral-Free up to ₹7.5L
Most banks offer collateral-free education loans up to ₹7.5 Lakhs. Larger amounts may require security.
We Partner With India's Best Banks & NBFCs
HDFC Bank
ICICI Bank
Axis Bank
Kotak Bank
Bajaj Finserv
Tata Capital
RBL Bank
IDFC First
Federal Bank
IndusInd Bank
+15 More
FAQ

Frequently Asked Questions

❓ What expenses does an education loan cover?
Tuition fees, hostel/accommodation charges, exam fees, books and equipment, travel expenses for abroad studies, and other academic costs.
❓ Do I need a guarantor for an education loan?
For loans up to ₹7.5 Lakhs, most banks require only parental co-applicant. Larger loans may need a third-party guarantor or collateral.
❓ When does EMI start for an education loan?
Repayment starts 6–12 months after course completion or getting employment — whichever is earlier. This grace period is called a moratorium.
❓ Is there a tax benefit on education loan interest?
Yes — under Section 80E, the entire interest paid on education loan is deductible from taxable income for up to 8 consecutive years.
❓ Can I get an education loan for distance/online courses?
Some banks offer loans for distance education and certified online programs from recognized institutions. Coverage varies by lender.
❓ What if I don't get a job after course completion?
Banks generally offer a moratorium, and some allow extension if the borrower provides valid reason. CredBazar experts help you navigate repayment options.

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