Education Loan
Invest in your future
Explore financing for tuition, living costs and other study expenses in India or abroad, with clear guidance for students and families.
Eligibility
Assessed against applicable lender and product criteria.
- Age between 16-35 years
- Admission to recognized institution
- Good academic record
- Co-borrower with stable income
Documents Required
Indicative list confirmed case by case.
- Admission Letter
- Course Fee Structure
- Academic Records
- Co-borrower Income Proof
- Identity and Address Proof
Application Process
There Is Only Four straightforward steps.
- Share course, institution and cost details
- Provide student and co-applicant documents
- Review the options available to you
- Proceed and plan disbursement with the institution
Where It Can Help
Use Cases
Expenses students commonly explore financing for.
Tuition Fees
Support for course and tuition fees.
Study Abroad
Funding for programmes at overseas institutions.
Travel Costs
Travel expenses related to your studies.
Books & Materials
Course materials and study resources.
Equipment
Laptops and equipment required for the course.
Living Expenses
Eligible accommodation and living costs.
Before You Decide
Make an informed choice
A few important details to review before moving forward.
01
Build a complete budget
Separate tuition, living costs, travel and equipment. Confirm which expenses the lender can fund and your own contribution.
02
Review the study period
A moratorium does not necessarily mean interest-free borrowing. Ask how interest accrues and affects the eventual repayment amount.
03
Plan with your co-applicant
Understand income assessment, collateral requirements where applicable, and the co-applicant’s responsibility for repayment.
Questions,
answered clearly
QuickFund helps customers explore financial options through relevant financial-service relationships.
FAQs
Can I get an education loan for studying abroad?
Options for overseas courses may be available, subject to the institution, course and lender criteria.
Is a co-applicant required?
Many education loans require a parent or guardian as co-applicant. Requirements vary by lender and product.
When does repayment start?
Repayment terms depend on the product. Some may offer a period after course completion before repayment begins.
What expenses are covered?
Coverage depends on the product and may include tuition, travel, materials and living costs.