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Features & Benefits of Loans

Here is an exhaustive list of all the fees and charges to be paid for the education loan.

High valueable loans

Unsecured/Secured Loan Options (Unsecured loan up to Rs 75 lacs)

Easy Loan Repayment

Repayment tenure up to 15 years in easy EMIs

Almost Full Finance

100% Finance for abroad studies. Covers course fee, travel, living & other costs.

Quick and Easy Disbursals

Loan Sanction within 72hrs

Secured loan

Loan against property mortgaged with Banks or NBFCs

ROI %

Attractive Interest Rate starting from 9.5% and Processing fees 1% onwards

About Education Loan

No matter how long the educational path is, ease it with Borrow Education Loan. Borrow Bank Education Loan provides you with quick and completely transparent loans to fuel your future aspirations and dreams.

Eligibility Criteria

  • Indian Resident
  • Age between 16 and 35
  • Co-Applicant either Parents / Guardian
  • Admission Letter from Indian College / Abroad Universities
  • Secured at least 50% marks during HSC & Graduation

Documentes needs

  • Passport
  • Aadhar card
  • PAN card
  • Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses
  • Bank account statement
  • Demand letter from college or university
  • Admission letter from the Institute with fees schedule
  • Latest Photograph
  • Any other documents required for Financial Institutions

Download Forms

Education Interest Rates & Charges

Here is an exhaustive list of all the fees and charges to be paid for the education loan.

8.75%

Min apr

14.00%

Max apr

12.10%

avg apr
  • Description of Charges
    Education Loan
  • Loan Processing Charges*
    Maximum up to 2%
  • Pre-payment charges*
    Depends on the Financial Institutions
  • No Due Certificate
    Depends on the Financial Institutions
  • Solvency Certificate
    Depends on the Financial Institutions
  • Penalty Interest on delayed / overdue EMI
    Depends on the Financial Institutions

For further details, please Click here

Frequently Asked Questions

Our mission is to deliver reliable, latest news and opinions.

An education loan is credit or debt given by banks and financial services companies to students along with their parents/relatives as co-borrower to finance the expenses of his or her studies.
Financial Institution's have unique education loan offers for the flexibility of paying only simple interest during the course period and principle plus interest (EMI) after the completion of studies and grace period.
Collateral is required to mitigate the risk involved in the credit. Since the student hasn't started to earn yet, financial institutions are not sure of their future income and profile, hence the collateral.
Yes, every Loan borrower or co-borrower (any one) is entitled to avail tax benefits on interest paid on education loan, under Sec 80-E of the Income Tax Act.

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We are a Coroporate DSA based in Bengaluru where we associated with more than 50+ Banks and NBFCs for providing Secured and Unsecured Loans

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