Invest in your future with flexible education financing
Education loans for studies in India and abroad — covering tuition, accommodation, books, and travel. With moratorium periods and repayment aligned to your future income.
Your education, fully financed
Education Loans support students pursuing higher education in India or abroad — covering tuition fees, accommodation, books, equipment, and travel expenses. Repayment begins after course completion, giving you time to establish your career first.
Pragati connects you with 50+ banks and NBFCs to compare education loan options — secured and unsecured — and guides you through the application from admission letter to disbursement.
Key features of our education loans
Finance studies at premier domestic and international institutions — IITs, IIMs, Ivy League, UK, Canada, Australia and more.
No repayment during your studies. EMIs begin 6 months after course completion — giving you time to settle into your career.
Finance 100% of your education costs — tuition, hostel, books, travel, and equipment — in a single loan.
Competitive rates with additional tax benefit on interest paid under Section 80E of the Income Tax Act.
Unsecured loans up to ₹7.5 Lakhs. Above that, property or FD collateral unlocks higher amounts at better rates.
Parents or guardians as co-applicants strengthen the application — most lenders require this for student borrowers.
Up to 15 years repayment tenure — keeping your monthly EMI low and manageable even on an entry-level salary.
We handle lender comparison, document preparation, application submission, and follow-up — at zero consultation fee.
Why an education loan makes sense
Don't let finances limit your ambitions. An education loan lets you attend your dream institution — domestic or abroad — without depleting family savings.
A higher degree from a reputed institution multiplies your earning potential. The loan pays for itself through the salary premium you command post-graduation.
The entire interest paid on your education loan is deductible under Section 80E — with no upper limit. This benefit applies for up to 8 consecutive years of repayment.
How to apply for education loan
Tell us about your course, institution, country, and estimated total cost. Our advisor will assess your profile and identify the best lender match within hours.
We assess the student's academic profile and co-applicant's (parent/guardian) income, CIBIL score, and repayment capacity to shortlist eligible lenders.
We provide a complete checklist and assist in compiling admission letter, fee structure, KYC documents, and financial records for a smooth application.
We submit to the most suitable lender and proactively follow up on verification, queries, and approval — keeping you informed at every step.
Receive your sanction letter with loan terms. We help you review all details — interest rate, moratorium period, repayment tenure — before signing.
Funds are disbursed directly to the institution or your account as per fee schedule. Living and travel expenses can be drawn as needed throughout the course.
Are you eligible?
- Indian citizen pursuing higher education (UG/PG/PhD)
- Admission to a recognized institution in India or abroad
- Parent or guardian as co-applicant with stable income
- Co-applicant CIBIL score of 650 or above
- Good academic record (merit-based institutions preferred)
- Collateral required for loans above ₹7.5 Lakhs (varies by lender)
- Admission letter from recognized university/institution
- Course fee structure and schedule
- Student PAN + Aadhaar (KYC)
- Co-applicant PAN + Aadhaar + Address proof
- Co-applicant bank statements (6–12 months)
- Co-applicant ITR for last 2 years
- Academic mark sheets (10th, 12th, last degree)
- Collateral documents (if applicable — property, FD)
Interest rates & charges
Education loan rates vary based on the institution's ranking, course type, co-applicant profile, and whether the loan is secured or unsecured. Interest paid is fully deductible under Section 80E.
Plan your repayments easily
💡 Note: EMI starts after moratorium period ends (course duration + 6 months). Calculator shows post-moratorium EMI only.
Frequently asked questions
