An Education Loan is a financial support provided by banks and financial institutions to help students pursue higher studies in India or abroad. It is specifically designed to cover educational expenses such as tuition fees, hostel charges, books, equipment, travel, and other related costs..
Covers a wide range of courses (graduate, postgraduate, professional, and vocational programs).
Loan amount depends on the course, institution, and student’s academic record.
Collateral/security may be required for higher loan amounts.
Subsidy schemes available for economically weaker sections (like government interest subsidy schemes).
Flexible repayment tenure, usually 5–15 years.