Invest in your future with affordable education finance
Fund your degree, diploma, or professional course in India or abroad — with moratorium periods during study, low interest rates, and repayment that starts after you graduate.
Your education, fully funded today
Education Loans help students fund tuition fees, living expenses, books, and travel for courses in India and abroad — with a moratorium period during study so EMI repayment only begins after course completion plus 12 months.
Through Pragati's network of 50+ banks and NBFCs, we match you with the best lender for your course, institution, and destination — covering undergraduate, postgraduate, and professional programmes worldwide.
Key features of our education loans
Finance courses at top Indian colleges and universities worldwide — IITs, IIMs, Ivy League, UK, Australia, Canada, and more.
No EMI during your course — repayment starts only after course completion plus 12 months, giving you time to secure employment.
Quick processing with minimal documentation — most approvals completed within 5 to 7 business days of complete submission.
Loans from ₹1 Lakh to ₹3.5 Crore — sufficient to cover full tuition, living costs, and ancillary expenses for the most expensive global programmes.
Interest paid on education loans qualifies for deduction under Section 80E of the Income Tax Act — with no upper limit on deductible amount.
Compare education loan offers across PSU banks, private banks, and NBFCs — matching your institution and course to the best available terms.
For overseas education, we assist with forex disbursement, university wire transfer setup, and compliance with RBI remittance guidelines.
Full fee disclosure before signing. Processing fee, foreclosure terms, and moratorium interest treatment all explained upfront.
India or abroad — we've got both
Fund courses at IITs, IIMs, NLUs, and top private colleges across India. Competitive rates from 6.69% p.a. with full coverage of tuition, hostel, and living expenses.
Finance degrees at universities in the US, UK, Canada, Australia, Europe, and more. Forex disbursement, visa letter support, and full tuition + living cost coverage included.
MBA, CA, CFA, MBBS, LLB, and other professional certifications. Specialized loan structuring for part-time and executive programmes with flexible repayment schedules.
How to apply for an education loan
Tell us the institution, course, country, and total estimated cost. We assess your profile and shortlist the best lenders with the most suitable moratorium terms.
We review the co-applicant's (parent/guardian) income, CIBIL score, and repayment capacity to determine eligibility and the best interest rate available.
We collect and organize admission letters, fee structures, KYC, income proof, and collateral documents. Our team reviews everything before submission to avoid rejections.
We submit to the best-matched lender and follow up actively. Sanction letter received within 5–7 business days — including a visa support letter if applying abroad.
Loan is disbursed directly to the institution per semester or as a lump sum. For overseas loans, forex remittance is handled in compliance with RBI norms.
Are you eligible?
- Indian citizen aged 16 years or above at time of application
- Confirmed admission to a recognized institution (India or abroad)
- Co-applicant (parent/guardian/spouse) with stable income required
- Co-applicant CIBIL score of 650 or above recommended
- Collateral may be required for loans above ₹7.5 Lakhs (lender-specific)
- Academically eligible as per lender's approved institution list
- PAN Card + Aadhaar (student and co-applicant)
- Offer letter / admission letter from institution
- Fee structure / cost of attendance from institution
- Academic marksheets (10th, 12th, graduation)
- Co-applicant income proof — salary slips or ITR (last 2 years)
- Bank statements for last 6 months (co-applicant)
- Address proof (utility bill, passport, or rent agreement)
- Collateral documents (property papers, FD receipts, if applicable)
Interest rates & charges
Education loan rates vary by institution ranking, course type, loan amount, and whether collateral is offered. Government bank rates are typically lower than NBFCs.
Plan your repayments easily
* EMI begins after the moratorium period ends. During moratorium, only simple interest accrues — toggle above to see the impact on total repayment. Contact us for a detailed repayment schedule.
Frequently asked questions
