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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 ₹ 85 Lakhs unsecured

    Upto ₹ 200 Lakhs secured

  • Loan tenure

    Upto 13 Years

  • Interest rate

    11.00* to 13.50%

    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. 85 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.

Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

Documents Required for Education Loan

  • Photograph
  • Photo Identity Proof
  • A copy of your Voter ID / Passport / Driving License / Aadhaar Card
  • Permanent Account Number OR Form 60 (wherever applicable)
  • Address Proof: 
  • A copy of your Voter ID / Passport / Driving License / Aadhaar Card
  • Signature Verification
  • Income Proof- Submit Form 16 for the last 2 years and a copy of your bank statements for the last 6 months
  • Salary Slips
  • A Copy of your Salary slips for the last three 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

  • 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

    NA

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

    NA

  • Part Payment Charges

    NIL

  • Payment Instruments Swapping Charges

    Rs. 550/- per swap instance

  • Cancellation Charges

    NA

  • 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

    Upto 2% + applicable taxes

  • 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

  • Legal and Technical Charges (incase of secured)

    RS. 5000/-

  • Document retrieval charges (incase of secured)

    Rs. 5,000/-

  • CERSAI Charges (Non Refundable)

    For loans upto ₹ 5 Lacs - ₹ 50 (per filing/modification)

    For loans above ₹ 5 Lacs - ₹ 100 (per filing/modification)

    Or such other charges as may be stipulated by Central Registry from time to time

    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?

    1

    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.

    2

    Document Submission

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

    3

    Verification

    We will verify your application and submitted documents.

    4

    Approval & Sanction

    Post approval, the loan is sanctioned.

    5

    Disbursal

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

Courses Eligible for Education Loan from 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 Loan for Education

Blogs on Education Loan

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