Education Loan

Get Instant Education Loans at
the Best Interest Rates!

Instant Approval

Instant loan approvals with minimal documentation.

Competitive Interest Rates

Get affordable and manageable interest rates

Repayment Options

Repayment options that aligns with your income cycle.

Zero Hidden Fees

We provide clear and transparent loan services.

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Apply for Instant
Education Loans Online

With an easily navigable online application portal, getting an education loan has never been easier. An education loan will ensure that your dreams of studying in India or abroad are not burdened with financial strains, allowing you to secure a flourishing future for yourself.

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Why Apply for a Education Loans on Browse loan?

Quick Approval

Most preferred online platform assures hassle free education loan approval within no time.

Competitive Rates

Get access the most competitive education loans provided by banks and NBFCs.

Loan Options

Get all government sponsored education loan schemes as well as private funded educational loan facilities.

Eligibility Check

Leverage our eligibility tool to find the best fit student loan that meets your requirements.

Flexible Terms

Student loan interest rates in India and other related terms are flexible and clearly stated.

Quick Approval

Most preferred online platform assures hassle free education loan approval within no time.

Competitive Rates

Get access the most competitive education loans provided by banks and NBFCs.

Loan Options

Get all government sponsored education loan schemes as well as private funded educational loan facilities.

Eligibility Check

Leverage our eligibility tool to find the best fit student loan that meets your requirements.

Flexible Terms

Student loan interest rates in India and other related terms are flexible and clearly stated.

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Types of Education Loan

Undergraduate Education Loan

For students pursuing a bachelor’s degree in India or abroad, covering tuition, hostel, books, and other expenses.

 

Career Training Loan

Supports short-term skill or vocational courses for professionals seeking certifications or specialized training.

 

Graduate Education Loan

For postgraduate studies like MBA or master’s programs, available for students with a recognized bachelor’s degree.

 

Study Abroad Education Loan

Covers tuition, travel, living, and insurance for students enrolled in foreign universities; often requires collateral.

 

No-Collateral Education Loan

Unsecured loans based on academic merit or institutional reputation; no asset required as collateral.

 

Private Education Loans

Offered by private banks/NBFCs with flexible terms, quick processing, and varied eligibility criteria.

Government Education Loan Scheme

Subsidized loans under schemes like CSIS and PM-Vidyalaxmi with low interest, no collateral, and online applications.

 

Process

Education Loan EMI
Calculator

You can plan your monthly payments and finances with an education loan EMI Calculator. This tool requires the student to put in the amount of money, rate of interest, and the time period within which they are supposed to pay it back, to aid in efficient budget management during the students educational career.

5000000
10000 /-
10000000 /-
9 %
Min 8 %
Max 20 %
10 Year
Min 1 year
Max 20 year

Your monthly EMI is -

([loan-amount]*([interest-rate]/100)/12/(1-Math.pow(1+([interest-rate]/100)/12,-([loan-term]*12))))

Total repayment

[monthly-emi]*([loan-term]*12)

Total Interest paid

[total-repayment]-[loan-amount]

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Our commitment is to provide a seamless and trustworthy lending experience.

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Education Loan Interest Rates & Charges

Bank/Lender

HDFC Bank

Axis Bank

ICICI Bank

SBI

Indian Bank

Interest Rate (p.a.)

10.90% - 24.00%

11.25% onwards

10.85% - 16.65%

10.30% - 15.30%

9.75% - 15.25%

Processing Fee

Up to ₹6,500

Up to 2% of loan amount

Up to 2% of loan amount

Up to 1.5%

As per bank policy

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How EMI Calculation Works!

Eligibility & Documentation

Eligibility for online personal loan depends on:

  • Age (typically 21-60 years)
  • Minimum monthly income (varies by lender)
  • Employment status (salaried/self-employed)
  • Credit score and repayment history

Documents Required for Personal Loan

  • Identity proof (Aadhaar, PAN, Passport)
  • Address proof (Utility bill, Aadhaar, Passport)
  • Income proof (Salary slips, bank statements, ITR)
  • Passport-size photographs

Documentation is minimal for instant personal loan approval.

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Breakdown of Total Payment.

The total payment completion for an education loan is divided into two sub components: the principal (sum of money borrowed from the bank) and the interest (amount charged by the bank for the loan). Every month when you pay an Equated Monthly Installment (EMI) payment, you are paying both of these components. In the first few years, most of the interest component to the EMI will be high, but in later years more of the payment is applied to the principal. Overall, the amount which you will pay during the entire loan period will include total principal along with total interest accrued which is explained further in your amortization schedule. There are several online calculators which can assist you in planning your finances related to education through their graphical visualization of this payment division.  

Process

How can I Get Consultation
for a Personal Loan

FAQs, short for Frequently Asked Questions, is a section on websites or platforms where common questions.

Step 1

Check Eligibility

Use the online eligibility checker, if you qualify based on income

Step 2

Fill Application

Complete the form online with your details.

Step 3

Upload Documents

Submit scanned copies of required documents.

Step 4

Get Approval

Get instant pre approval and final approval within minutes.

Top 5 Banks For Personal Loan

HDFC Bank

AXIS Bank

SBI Bank

ICICI Bank

Indian Bank

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Benefits of Financing Education with a Loan

Apply for a personal loan in minutes

Paperless online personal loan process

Flexible tenure and repayment options

High-value personal loans up to ₹40 lakh

Competitive interest rates and transparent charges

Academic qualifications can be financed through an Education Loan from the comfort of your home.

hAVE qUESTIONS?

Education Loan FAQs

What is the best bank for an education loan?

The institution providing the best bank education loan is one that offers the lowest interest, flexible terms, and quick online approval. Compare options on Browseloan for the best education loans for students.

An education loan is a financial product provided to students to cover their academic expenditures. It is repayable after the course completion.

Students who have secured admission to a recognized institution either in India or abroad.

You can apply for an education loan online using Browseloan or through the banks’ portals. The procedure involves checking eligibility, document uploading and approval.

Interest rates on education loans range from 7.55% p.a and varies based on lender, course, and collateral.

Yes. Many lenders do provide no collateral education loans for certain institutions or under specific governed schemes.

How long does it take to process an education loan application?

Most lenders take 7 to 15 working days after all necessary documents are submitted.  

A maximum of ₹3 crore for certain courses/institutions.  

Defaulting on payments may lead to stringent consequences in terms of your credit rating, as well as potential legal proceedings or forfeiture of assets pledged as collateral.   

Living costs, books, travel, tuition, and exams.   

Yes, various banks and NBFCs provide education loans for overseas studies.

A letter of admission, academic records, an identity document, proof of address, a statement of income, and a course expense statement; and if applicable, documents of collateral.