Education is one of the most valuable investments in life. Whether you're pursuing engineering, medicine, management, or a study-abroad program, the rising cost of quality education can be a major barrier. That’s where an education loan in India comes in – empowering students to achieve their academic goals without financial burden.

With platforms like SwipeLoan, applying for an education loan in India is now faster, simpler, and entirely online.

What is an Education Loan?

An education loan is a financial product designed to cover the various costs associated with academic study, including:

Tuition fees
Accommodation and hostel charges
Books and study materials
Travel expenses (especially for overseas education)
Laptops, equipment, and exam fees
Living expenses during the course

This loan is typically offered to students with a co-applicant (parent or guardian) and can be repaid after the completion of the course.

Courses Covered Under Education Loans

Education loans in India cover a wide range of courses:

Undergraduate & Postgraduate programs
MBA, MBBS, Engineering, Law, etc.
Vocational and diploma courses
International programs in universities abroad
Skill development & professional certifications

Whether you’re studying in Delhi, Mumbai, or abroad in the US or UK, SwipeLoan helps you get the right financial support.

Key Features of Education Loans in India

Feature	Details
Loan Amount	₹2L to ₹2Cr
Repayment Tenure	Up to 15 years
Moratorium Period	Course duration + 6–12 months grace period
Interest Rate	Starting from 8.5% p.a.*
Collateral Requirement	Required for higher loan amounts
Tax Benefit	Under Section 80E of the Income Tax Act

*Rates and terms may vary depending on your profile and lender.

Benefits of Applying with SwipeLoan

100% online application process
Fast approval and disbursal in just a few days
Compare multiple loan offers in one place
Loans for both Indian and international education
Expert support for documentation and eligibility
Loans available with or without collateral

Eligibility Criteria

To apply for an education loan in India, you typically need:

Indian citizenship
Confirmed admission to a recognized course
A co-applicant (parent/guardian with income proof)
Good academic record (helps in faster approval)
Age between 18–35 years (varies by lender)

Documents Required

To apply for an education loan, you’ll need:

Admission/offer letter from institution
Academic mark sheets (10th, 12th, graduation)
Identity and address proof
Co-applicant’s income proof (ITR, salary slips)
Passport/visa (for studying abroad)
Collateral documents (if applicable)
Bank statements of last 6 months

How to Apply for an Education Loan on SwipeLoan

Visit SwipeLoan.in
Choose “Education Loan” as your loan type
Fill in your personal, academic, and financial details
Upload necessary documents securely
Compare loan offers and choose the best
Track your application and get support throughout the process

Apply Today, Learn Tomorrow

SwipeLoan is committed to making education accessible to every student in India. With our smart platform, you get quick access to trusted lenders, flexible repayment plans, and expert guidance – all in one place.

Apply for an Education Loan in India today and unlock your future potential. TO KNOW MORE:

Apply for Education Loan in India