Education loans provide financial support for students to pursue higher studies without immediate financial pressure. They cover a broad range of expenses including tuition, living, and travel. 

Loans are offered for undergraduate, postgraduate, diploma, and professional courses from recognized institutions in India and abroad. 

Standard approval time ranges from 3 to 5 working days, depending on documentation and the lender’s process.

Lenders evaluate:

·​    Academic background

·    Course and university reputation

·    Co-applicant’s income and credit score

·    Collateral (for secured loans)

We offer unsecured education loans of up to ₹75 lakhs, with no collateral required—perfect for students aiming to study at top international universities.

Key documents include:

·       Admission letter from the institution

·       Academic records (10th, 12th, degree certificates)

·       KYC documents of applicant and co-applicant

·       Income proof of co-applicant

·       Collateral documents (if applicable)

Passport, visa, and travel documents (for overseas studies)

Some lenders may provide a pre-admission loan sanction based on test scores and eligibility, but final disbursal happens after unconditional admission.

Interest rates vary from 8% to 14% depending on the lender, loan type, and your profile. Loans with collateral generally have lower rates.

Tenures usually range from 5 to 15 years, depending on the amount, profile, and lender.

Yes, Loans Adda helps with LOW CIBIL or poor credit profiles by matching you with NBFCs or lenders that offer flexible credit evaluation.

Typically, disbursement happens in phases, aligned with university fee schedules or semester timelines. Direct payment to the university is common.

Multiple hard inquiries in a short period can impact your credit score. It's best to compare options before formally applying.

It’s strongly advised to apply before traveling. Some lenders may disburse after reaching the university, but approval in India is required first.

The moratorium period is a grace period where no repayment is required. It usually includes the course duration plus 6 to 12 months after graduation.

Repayment usually starts 6–12 months after course completion, known as the moratorium period. Some lenders may require interest payments during this time.

Yes, many lenders include visa, travel, and insurance costs in the loan amount.

Loans are disbursed in Indian rupees, but some lenders may allow payment directly to foreign universities in foreign currency.

Loans Adda partners with over 20+ banks and NBFCs to offer:

·       Secured and unsecured loans

·       Customized solutions for low CIBIL or low income

·       Fast approvals and document assistance

·       Free expert guidance and support throughout the process