Interest Rates Starting 8.5%
Shape Your Future with INDCred Education Loans
INDCred Education Loans empower students to pursue their academic dreams without financial constraints. Whether you're planning to study in India or abroad, we offer comprehensive financing solutions that cover tuition fees, accommodation, travel expenses, and other educational costs.
With loan amounts up to ₹1.5 crores, competitive interest rates starting at 8.5%, and flexible repayment options including moratorium periods, we make quality education accessible to all. Our special features like collateral-free loans up to ₹40 lakhs and visa counseling support make us the preferred choice for students.
Types of Education Loans
Study Abroad Loan
For undergraduate, postgraduate, and doctoral programs overseas
- Loan: Up to ₹1.5 Crores
- Coverage: 100% of costs
- Moratorium: Course + 1 year
- Collateral: Required above ₹40L
Study in India Loan
For professional courses in Indian universities and colleges
- Loan: Up to ₹75 Lakhs
- Coverage: Up to 100%
- Moratorium: Course duration
- Collateral: Above ₹20L
Medical Education Loan
Special loans for MBBS, MD, MS, and other medical courses
- Loan: Up to ₹1 Crore
- Special Rates: Lower interest
- Extended Moratorium: Up to 2 years
- Collateral: Flexible terms
Technical Courses Loan
For engineering, IT, data science, and technical certifications
- Loan: Up to ₹50 Lakhs
- Quick Processing: 48 hours
- Moratorium: 6-12 months
- Collateral: Not required up to ₹30L
Key Features & Benefits
Why Choose INDCred Education Loan?
- 100% Coverage: Tuition fees, hostel, travel, equipment, and other expenses
- Moratorium Period: Repayment starts after course completion + grace period
- Collateral-free: Loans up to ₹40 lakhs without security
- Competitive Rates: Interest rates starting at 8.5% for India, 9.5% for abroad
- Long Tenure: Repayment up to 15 years including moratorium
- Tax Benefits: Interest paid deductible under Section 80E of Income Tax Act
- Quick Processing: Loan sanction within 7 working days
- Education Counselor: Free guidance on courses and universities
Expenses Covered by Loan
| Expense Type | Coverage | Maximum Limit |
|---|---|---|
| Tuition Fees | 100% | As per institution |
| Hostel & Accommodation | 100% | ₹15,000/month |
| Travel Expenses | One-time | ₹1,00,000 |
| Books & Equipment | 100% | ₹50,000/year |
| Health Insurance | 100% | ₹20,000/year |
| Examination Fees | 100% | Actuals |
| Project/Thesis Expenses | 80% | ₹50,000 |
| Caution Money Deposit | 100% | Refundable amount |
Eligibility Criteria
For Students
- Age: 18-35 years
- Academic Record: 50% and above
- Course: Recognized institution
- Admission: Secured or confirmed
For Co-applicants
- Income: Minimum ₹25,000/month
- Age: 21-70 years
- CIBIL Score: 650+
- Relationship: Parent/Guardian
For Institutions
- University: Recognized by UGC/AICTE
- Abroad: Top 1000 globally
- Course: Regular/Full-time
- Duration: 1+ years
Simple Application Process
step 01
Application & Counseling
Apply online and get free counseling on course selection, universities, and loan requirements.
step 02
Documentation & Verification
Submit academic records, admission proof, and co-applicant documents for verification.
step 03
Sanction & Disbursal
Get loan sanction within 7 days and funds disbursed directly to the educational institution.
Top Universities We Finance
Top Abroad Universities
- Harvard University, USA
- Stanford University, USA
- University of Oxford, UK
- University of Cambridge, UK
- University of Toronto, Canada
- University of Melbourne, Australia
Top Indian Institutions
- IITs (All campuses)
- IIMs (All campuses)
- AIIMS (All campuses)
- NITs (All campuses)
- Delhi University
- University of Mumbai
Frequently Asked Questions
For studies abroad: Up to ₹1.5 crores. For studies in India: Up to ₹75 lakhs. Medical education loans go up to ₹1 crore. Collateral-free loans are available up to ₹40 lakhs.
Moratorium period is the time during which you don't need to pay EMIs. It typically covers the course duration plus 6-12 months after course completion. Simple interest accrues during this period.
No collateral required for loans up to ₹40 lakhs. For loans above ₹40 lakhs, collateral is required which can be property, fixed deposits, or other acceptable securities.
We cover 100% of tuition fees, hostel accommodation, travel expenses (one-time), books & equipment, health insurance, examination fees, project expenses, and caution money deposit.
Yes, interest paid on education loan is eligible for tax deduction under Section 80E of Income Tax Act for 8 years from the start of repayment.
We provide provisional approval within 48 hours for admission purposes. Final sanction takes 7 working days after submission of all documents. Disbursement happens after admission confirmation.
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