Frequently Asked Questions (FAQs)
Have questions about education loans? We’ve got answers.
1️⃣ Who is eligible for an education loan?
Any Indian student pursuing higher education in India or abroad can apply. You must have an admission offer from a recognized institution. Some banks also require a co-applicant (parent/guardian) with a stable income.
2️⃣ Which courses are covered under education loans?
Most graduate, postgraduate, diploma, and professional courses from recognized universities (in India or abroad) are eligible.
3️⃣ Do I need collateral for an education loan?
Collateral depends on the loan amount and lender policy. Loans under ₹7.5 lakhs are usually available without collateral. For higher amounts, banks may require property or other assets as security.
4️⃣ What documents are required for an education loan?
Applicant(student)
- Aadhar card & Pan card
- SSC & Intermediate
- Btech all semisters , PC and CMM
- Passport
- Admission Letter
- Any entrance test
Co-applicant(father) - Aadhar card& Pan card
- 6months bank statement
- 3 years IT Returns/ 3 months payslips
- Property tax receipt/power bill
- shop license
Co-applicant(mother) - Aadhar card & Pan card
- All documents in pdf only
5️⃣ How long does it take to get the loan sanctioned?
With complete documents and our expert assistance, it usually takes 3–7 working days, depending on the lender.
6️⃣ Do you help with loans for abroad studies?
Yes. We specialize in helping students secure education loans for international universities including the USA, UK, Canada, Australia, Germany, and more.
7️⃣ Do I have to pay interest while studying?
Most lenders offer a moratorium period (course duration + 6 months to 1 year), during which you can choose to pay only simple interest or nothing at all, depending on the bank.
8️⃣ Can you help if my loan was rejected elsewhere?
Yes, we assess your case and suggest alternate lenders or solutions based on your eligibility and documentation.
9️⃣ Is your service free?
We provide free initial consultation. Our charges (if any) will be clearly mentioned upfront — no hidden fees.
🔟 How do I get started?
Simply click on “Get Free Guidance” or “Talk to an Expert”, and we’ll connect with you to begin your loan journey.