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Education Loan

Capital Finance offers Education Loan to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad. With quick approval rates, minimal documentation & competitive interest rates, we are levelling the playing field so that students can fulfil their potential. The highest quality of education should be available for all regardless of someone’s financial background. That’s precisely the reason why we have made the availability of Student Loans as accessible as possible. Whether you are a student or a parent seeking to provide your children with the very best, we are here to support you.

Education Loan Eliglbillty

You are eligible for an Education Loan if you are an Indian National, between the age of 16-26 years and have a good past academic record.

We expect you or your parents to have a stable income source.

You should either show security or have a guarantor and your eligibility also depends on the credit history of your co-applicants.


Photo identity Proof

Copy of photo identity proof of both the student & parent. Can also submit a copy of Voter ID / Passport / Driving license / Aadhaar Card

Marks Sheets & Certificates

Attested copies of Marks Sheets & Certificates (from 10th standard)

Admission Letter

As issued by the admitting School / College / Institute

Income ProofBank statements for the past six months

Salary slips

For the last three months & ITR of Parent/Guarantor

Other Documents

All essential documents issued by the admitting School / College / Institute including prospectus, breakup of fees, etc.

Documents for Studying AbroadEmployment Contract, Entry Permit, Admission letter & I-20 Form from Foreign Institution

Property documents

If there is an immovable property offered as security

Interest Rates for Education loan zero

Our interest rates that start at 10.99% are competitive amongst the other players in the industry. However, it depends on education loan eligibility, income and other criteria that determine the interest rates for the loan offered.

When you apply for an Education Loan with Tata Capital, you do not have to worry about any hidden charges. Whether it is related to processing fees, foreclosure charges, or delayed EMI Payments, all information is transparently-provided for smooth processing of your Education loan.

The following general charges are involved under personal loans –

Foreclosure Charges on Term Loan Facility

4.5% on the principal outstanding at the time of foreclosure  + GST 

In case the Borrower forecloses the Facility within 6 months after doing part prepayment, foreclosure charges of 4.5% + Applicable taxes will be levied on the principal outstanding plus part prepayment amount.

Any prepayment/foreclosure made during the Lock-in period will attract additional 2% over and above the prepayment/foreclosure charges mentioned in (a) above + applicable taxes on the principal outstanding at the time of foreclosure

Apply for Education Loan