Education Loan for Study in India & Abroad
Catalyst Financial Services helps students achieve their educational dreams by providing
education loans for studies in India and abroad. Whether you're pursuing undergraduate,
postgraduate, or professional courses, we offer comprehensive financing solutions with
competitive interest rates and flexible repayment options.
Education Loan Features
- ✅ Study Anywhere: Finance education in India or abroad
- ✅ 100% Finance: Cover tuition fees, living expenses, travel, and more
- ✅ Moratorium Period: Start repayment after course completion + 6-12 months
- ✅ Tax Benefits: Deduction on interest under Section 80E
- ✅ Long Tenure: Repayment period up to 15 years
- ✅ No Collateral: Loans up to ₹7.5 lakhs without collateral
Education Loan Details
| Particulars |
Details |
| Loan Amount |
₹50,000 - ₹1.5 Crores |
| Interest Rate |
8.50% - 15% p.a. |
| Loan Tenure |
Up to 15 years |
| Moratorium Period |
Course duration + 6-12 months |
| Processing Fee |
Up to 2% of loan amount |
What Can Be Financed?
📚 Tuition Fees
Complete course fees for the entire duration
📖 Books & Equipment
Study materials, laptop, and equipment
🏠 Living Expenses
Accommodation, food, and daily expenses
✈️ Travel Costs
Airfare and travel to study destination
📝 Exam Fees
Entrance exam and application fees
🏥 Insurance
Health insurance and other mandatory insurance
Eligibility Criteria
For Students:
- Indian citizen
- Secured admission in recognized institution in India or abroad
- Good academic record (minimum 50% in 12th/graduation)
- Age: Typically 18-35 years
For Co-Applicant (Parent/Guardian):
- Stable income source
- Good credit history
- Age: Up to 65 years at loan maturity
Documents Required
Student Documents
- Aadhaar Card & PAN Card
- 10th, 12th, Graduation mark sheets
- Admission letter from institution
- Passport (for abroad studies)
- Entrance exam scorecard
Co-Applicant Documents
- Aadhaar Card & PAN Card
- Income proof (salary slips/ITR)
- Last 6 months bank statement
- Employment proof
Course Details
- Fee structure from institution
- Course curriculum
- Scholarship details (if any)
- Hostel/accommodation details
Tax Benefits on Education Loan
Under Section 80E of the Income Tax Act, you can claim deduction on the interest paid on
education loan. Key points:
- ✅ Deduction available for 8 years or until interest is paid, whichever is earlier
- ✅ No upper limit on the amount of deduction
- ✅ Available for higher education (after Class 12)
- ✅ Can be claimed by individual, spouse, or children
Frequently Asked Questions
Q: Can I get education loan without collateral?
A: Yes, for loans up to ₹7.5 lakhs, collateral is not required. For higher amounts,
collateral may be needed depending on the lender.
Q: When do I need to start repaying the loan?
A: Repayment starts after the moratorium period, which is typically course duration +
6-12 months. During the moratorium, you can pay only interest or defer all payments.
Q: Can I get loan for online courses?
A: Some banks provide loans for online courses from recognized universities. The course
should lead to a degree/diploma from an accredited institution.
Q: Is co-applicant mandatory?
A: Yes, most banks require a co-applicant (parent/guardian/spouse) for education loans as
students typically don't have income.