Am I eligible for an Education Loan at Tata Capital?

Yes, you are -If you are an Indian nationalBetween the age of 18- 45 years, pursuing Undergraduate Postgraduate Program, Executive MBA or other Vocational coursesA student with proven academic record

Who can apply for the education loan?

To apply for an education loan, you must-Be an Indian nationalBe between 18 and 35 years of ageHave completed 10+2/diplomaBe pursuing a Graduation, Postgraduate degree, or PG diploma in professional educationHave applied to accredited institutes in India or abroad

What are the courses for which one can avail an student Loan?

You can apply for an education loan for-Graduation/post-graduation degrees from recognised universitiesExecutive and other courses from reputable universitiesPhD programsUndergraduate, postgraduate, executive, and vocational courses in India or overseas for students aged 18 to 45

What is the minimum salary requirement to apply for an Education Loan?

The co-applicant must have a regular income. Required financial documents include-Last three months' salary slipsLast two years' Form 16ITRs of the last three yearsBalance sheets and P&L accountsBank statements for the last six monthsProof of business

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Education Loan

Education Loan Online: Get Student Loan in India

Overview

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Get Education Loan Up to ₹ 2 Crore*

We, at Tata Capital align with Tata Group’s commitment to Education. We believe that education is the key to a nation’s progress & a brighter future. Thereby, quality education should be accessible to all socio – economic backgrounds. With a thorough understanding on the transformative power of higher education, Tata Capital is now introducing Education Loans to enable students to pursue higher education, both in India & Overseas, thereby facilitating their personal and professional growth.

We are here to empower your dreams with our tailored education loan solutions.

Disclaimer: Education Loans are at the sole discretion of Tata Capital Limited (TCL).

Loan amount offered

Upto ₹ 75 Lakhs unsecured

Upto ₹ 200 Lakhs secured

Loan tenure

Upto 13 Years

Interest rate

Competitive rates offered, keeping in mind the market standard.

Features & Benefits of Education Loan

High loan amount

Get substantial funding to cover tuition fees, accommodation, and other educational expenses.

Attractive interest rates

Competitive interest rates to reduce the financial burden on students and their families.

Pre-admission sanction

Avail of pre-admission sanctions to secure funding even before finalizing admission.

No margins on education loan

Zero margin money requirements, meaning the entire cost of education can be covered by the loan.

Loan for a variety of courses

Get funds for a wide range of courses, from undergraduate programs to specialized vocational training.

Easy disbursal

The loan disbursement process is straightforward and efficient, ensuring that funds are available when needed.

Apply with a guardian

Students can apply for an education loan with a parent or guardian as a co-applicant.

Education loan eligibility

Factor	Eligibility
Nationality	Indian
Age	18 to 35 years
Qualification	Completed 10+2/diploma
To pursue course	Graduation/Postgraduate degree or a PG diploma in professional education
University applied to	Listed, recognized, and accredited institutes in India and abroad
Basis for loan sanction	Pre-admission sanction Entrance exam scores like GRE, GMAT etc. 12th/HSC results Confirmed admission
Loan amount	Up to Rs. 75 lakhs unsecured Up to Rs. 2 crores secured
Co-borrower	Father, mother, brother, sister, spouse (husband/wife), grandparents, parents-in-law, maternal/paternal uncle
Security	Property, fixed deposit, Existing Tata Capital home loan for cross collateral.

Documents Required for Education Loan

You would need a list of documents to apply for an education loan. Click here to check the list.

ID Proof: Passport, PAN card
Academic documents: 10th mark sheet, 12th mark sheet, available semester mark sheet/transcript, degree, entrance exam scores (GRE, IELTS, TOEFL, GMAT, other)
Financial documents: Last 3 months' salary slips, last 2 years' Form 16, last 3 years' ITRs, balance sheets and P&L accounts, business proof, bank statements for the last 6 months.

Education Loan Interest Rates & Charges

Education Loan – TCL Retail Prime Lending Rates (TCL RPLR)

Effective From	TCL RPLR
September 1st 2024	11.50%
May 1st 2024	11.30%

Note: The above PLR will be applicable for the cases disbursed on or after 1st May 2024.

Effective From	TCL RPLR
March 11th 2024	15.25%
December 22nd 2023	15.00%

Note: The above PLR will be applicable for the cases disbursed before 1st May 2024.

Penal Charges

Penal Charges, if any, in case of delayed payments

3% per month on overdue amount + applicable taxes.

Dishonour of any cheque/
payment instruments

These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 per instrument per instance.

Mandate Rejection Service Charge

Charges will be levied if a new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the borrower’s bank for any reason whatsoever. Tata Capital charges a nominal amount of Rs. 450 + GST.

Other Charges

Foreclosure Charges, if applicable

Charges for switching of loans from floating to fixed rate and vice versa

Part Payment Charges

NIL

Payment Instruments Swapping Charges

Rs. 550/- per swap instance

Cancellation Charges

Duplicate Repayment Schedule

Rs. 550/-

Duplicate NOC

Rs. 550/-

Outstation Collection Charges

At Actuals

Statement of Account (SOA)

Customer Portal – Nil

Branch walk-in – Rs. 250/-

Foreclosure Letter

Nil

Processing Fee

1% + GST

For issue of duplicate copy of agreement

Nil

List of Documents
(LOD) Statement charges

Nil

Provisional Interest certificate charges

Nil

Final Interest certificate charges

Nil

Other Statement request charges

Nil

ROC Charges

Nil

Document retrieval charges incase of secured

Rs. 5,000/-

Why should I apply for an education loan at Tata Capital?

Affordable & Quality Education

Don't let tuition fees or educational expenses hold you back from pursuing your dreams. Our quality education must be accessible to all, regardless of financial constraints.

Flexible Repayment Options

We provide Education Loan Repayment Options where you can start paying after completing your education, so that you can focus on studies without any immediate financial burden.

Competitive Interest Rates

Enjoy competitive Education Loan Interest Rates that make borrowing affordable and manageable. We understand the importance of keeping your financial burden low, while you invest in your education.

No Collateral Required

With our unsecured education loans (i.e., Education Loan without Collateral), you don't need to worry about providing collateral. We want to help your dreams become a reality, without any additional burden.

Quick Hassle-free Process

Our Education Loan Application process is short and simple. We value your time and to ensure that your experience is hassle-free, we have a dedicated team to assist you at every step.

Expert Financial Guidance

Our financial experts are equipped to provide you with personalized guidance and support. We'll help you make informed decisions about your education financing, ensuring that you choose the right loan for your needs.

How do I apply for Student Loan?

Online Application for Student Loan

Want maximum convenience when applying for an education loan? Apply online through our website by just filling up your basic details.

Document Submission

Post receiving your basic loan eligibility, furnish the required documents to take your application ahead.

Verification

We will verify your application and submitted documents.

Approval & Sanction

Post approval, the loan is sanctioned.

Disbursal

Receive the amount in the bank account - it's that simple!

Check if your chosen course qualifies for an education loan at Tata Capital

At Tata Capital, we offer Student Loans (Secured & Unsecured) for courses in India and Overseas. You can find the list of courses eligible for Education Loan from Tata Capital below.

Courses Covered in India & Overseas

Graduation/post-graduation degree from recognised universities
Executive & other courses from reputed universities
PhD
Between the age of 18- 45 years, pursuing Undergraduate / Postgraduate Program, Executive and other courses in India or Overseas.

Why Choose Us for Ed Loan?

Empowering your educational dreams

Sanction before admission letter

100 percent financing

Partnerships with recognized universities - International & Domestic

FAQs on Education

Yes, you are -

If you are an Indian national
Between the age of 18- 45 years, pursuing Undergraduate Postgraduate Program, Executive MBA or other Vocational courses
A student with proven academic record

Tuition fee, Living Expenses: (Rent & Utility, Food, Grocery and Local Conveyance), Miscellaneous Expenses: Laboratory Fees, Purchase of books, Purchase of Computers /Laptops, Travel fare

Co-applicant(s) may be any of your following immediate family - Father/ Mother/ Brother/ Sister/ Spouse. You could also have maternal or paternal (uncle/aunt) Or any Blood Relatives, as your Education Loan Co-applicant.

If you apply for a Student Loan with Tata Capital, you can repay basis plans that are available & designed specially to meet your unique needs. Our repayment tenor starts 1 year after you have completed your education and you get 12 months and up to 120 months to repay in equal monthly instalments. You can pay the EMIs through Auto Debit or online, by accessing our website from anywhere, anytime. You can also drop a cheque at the nearest Tata Capital branch. You have complete control over your student loan repayment.

Yes, you can prepay their education loans before the completion of the tenure. There are No Prepayment charges

To apply for an education loan, you must-

Be an Indian national
Be between 18 and 35 years of age
Have completed 10+2/diploma
Be pursuing a Graduation, Postgraduate degree, or PG diploma in professional education
Have applied to accredited institutes in India or abroad

Tata Capital offers flexible repayment options, competitive interest rates, and no collateral requirements. With unsecured loans up to Rs. 75 lakhs, you can cover all your educational expenses, including living costs, travel expenses, and purchasing books and a laptop.

You can apply for an education loan for-

Graduation/post-graduation degrees from recognised universities
Executive and other courses from reputable universities
PhD programs
Undergraduate, postgraduate, executive, and vocational courses in India or overseas for students aged 18 to 45

You must have a co-applicant with a stable income to apply for an education loan. This requirement ensures financial security and improves the chances of loan approval.

At Tata Capital, we offer 100% financing. This means the loan can cover the entire cost of your education, making it easier to pursue international studies.

The co-applicant must have a regular income. Required financial documents include-

Last three months' salary slips
Last two years' Form 16
ITRs of the last three years
Balance sheets and P&L accounts
Bank statements for the last six months
Proof of business

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