Education Loans with LoanPao
LoanPao’s education loans empower Indian students to pursue higher education in India. Covering tuition fees and study materials, our loans offer affordable rates, government subsidies, and flexible repayment options tailored for students. With a network of 500+ RBI-compliant lenders, LoanPao ensures a seamless borrowing experience. For international studies, explore our International Education Loan. Discover the best education loan in India with LoanPao.
About LoanPao’s Education Loan
LoanPao offers customized education loans for studies in India, with low education loan interest rates and easy application process. Ideal for Indian students seeking apply education loan online.
Key Features of Education Loan
- Loan amounts up to ₹20 lakh
- Interest rates from 8.5% p.a.
- Moratorium during studies
- Repayment up to 10 years
- Education loan without collateral up to ₹7.5 lakh
What is an Education Loan?
An education loan is a financial product designed for Indian students admitted to recognized institutions in India. It covers tuition fees, examination fees, and study materials for undergraduate, postgraduate, or vocational courses. LoanPao connects students with lenders offering subsidized rates (as low as 8.5% p.a.) and moratorium periods (course duration + 6-12 months). Unlike personal loans, education loans often have lower interest rates and government-backed subsidies. Check your eligibility with our Education Loan Eligibility Calculator. Understand education loan eligibility and apply for sbi education loan or others through LoanPao.
Benefits of LoanPao’s Education Loans
Affordable Loan Amounts
Borrow up to ₹20 lakh to cover course costs.
Subsidized Rates
Interest rates starting at 8.5% p.a., with government subsidies for eligible students.
Moratorium Period
No repayments during study period (course duration + 6-12 months).
Flexible Tenure
Repayment up to 10 years, easing post-graduation burden.
No Collateral for Small Loans
Loans up to ₹7.5 lakh are typically unsecured.
Fast Processing
Approvals within 3-5 days, ensuring timely admissions.
Eligibility Criteria for Education Loan
To qualify for a LoanPao education loan, you should meet:
| Criteria | Details |
|---|---|
| Nationality | Indian citizenship with valid passport or Aadhaar |
| Admission | Confirmed admission to recognized Indian institution |
| Age | Between 18 and 35 years |
| Co-applicant | Parent/guardian with stable income (minimum ₹4 lakh p.a.) |
| CIBIL Score | 700+ for co-applicant |
| Academic Record | 60%+ in Class 12 or undergraduate studies |
Check co-applicant eligibility via our CIBIL login or contact us at info@loanpao.in.
Documents Required for Education Loan
- Admission offer letter and fee structure
- Academic records (mark sheets, certificates)
- KYC documents (Aadhaar, PAN) for student and co-applicant
- Income proof of co-applicant (ITR, salary slips)
- Bank statements (last 6 months)
- Collateral documents (if required for higher amounts)
How to Apply for Education Loan
Applying for an education loan with LoanPao is straightforward:
- Complete the Form: Fill out the online form below with student and co-applicant details.
- Submit KYC: Provide Aadhaar, PAN, and admission letter.
- Upload Documents: Share fee structure, academic records, and co-applicant income proof.
- Lender Matching: Our platform connects you with 500+ RBI-compliant lenders.
- Receive Funds: Get approval in 3-5 days and funds disbursed directly to the institution or account.
Start now by filling the form below or call +91-999-163-4766 for guidance.
Education Loan Interest Rates
Compare rates from top lenders:
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| SBI | 8.3% - 11% | Up to 1% |
| Bank of Baroda | 8.5% - 11.45% | 0.5% - 1% |
| ICICI Bank | 9.5% onwards | Up to 2% |
| Axis Bank | 13% - 15% | 1% - 2% |
Rates indicative.
Why Choose LoanPao for Education Loans?
LoanPao is the ideal partner for students studying in India:
Student-Focused
Loans tailored for Indian education with subsidies and moratorium periods.
Wide Lender Network
Access 500+ RBI-compliant banks and NBFCs for competitive offers.
Secure & Transparent
SSL encryption and RBI-compliant processes protect your data.
EMI Calculator
Plan with our tool.
Expert Support
24/7 assistance.
Subsidies Available
Government-backed interest waivers.
Tips for Successful Education Loan Application
- Maintain good academic records.
- Apply early for timely disbursal.
- Choose education loan without collateral if eligible.
- Use EMI calculator for planning.
- Explore sbi education loan for subsidies.
Market Insights for Education Loans
Education sector growing at 10%, with increased subsidies. RBI supports lower rates. Read our blog.
Testimonials
“LoanPao made my loan process easy with subsidies.”
Rahul Sharma“Quick approval and low rates.”
Priya SinghFrequently Asked Questions
Apply for an Education Loan
Fill out the form below to explore education loan options. Our team will contact you within 24 hours.