✨ Introduction
Dreaming of studying in India or abroad but worried about finances? Don’t let money hold you back from your goals. At Shivafinz, we make education financing simpler, faster, and more affordable — helping students pursue higher education with ease.
Whether you’re applying for a course in India or planning to study overseas, understanding how education loans work, their rates, and eligibility is crucial.
🎯 Education Loan in India vs Abroad — What’s the Difference?
🏫 Education Loan in India
- Interest Rate: Starts from 8% onwards
- Collateral: Optional — can be availed as secured or unsecured loan
- Loan Amount: Minimum ₹7.5 Lakhs (varies by bank/NBFC)
- Moratorium: Available (you can start repayment after course completion + grace period)
- Eligibility: Based on applicant’s academic record, co-applicant income, and CIBIL score
🌍 Education Loan for Abroad Studies
- Interest Rate: Starts from 10.5% onwards
- Collateral: Mandatory for most banks/NBFCs
- Loan Amount: Up to ₹1.5 Crore (depending on institution and location)
- Moratorium: Typically course period + 6–12 months
- Eligibility: Requires admission proof, collateral security, co-applicant financials, and a good CIBIL score
💡 What is a Moratorium in Education Loans?
A moratorium period is an EMI holiday provided by banks during the course duration and sometimes 6–12 months after completion.
It allows students to focus on studies without worrying about monthly EMI payments.
However, interest continues to accrue during this period — so plan your finances accordingly.
🧾 Documents Required for Education Loan Application
- Admission letter from university/college
- KYC documents of applicant & co-applicant
- Academic records
- Income proof / ITR of co-applicant
- Collateral property documents (for secured loans)
- Cost estimate from the educational institution
💰 Why Choose Shivafinz for Your Education Loan?
✅ Lowest Interest Rates: 8% (with collateral) | 10.5% (without collateral)
✅ Flexible Loan Options: With or without moratorium
✅ Quick Processing: Faster approval & disbursal
✅ Expert Support: End-to-end guidance on eligibility, documentation & approval
✅ Free Eligibility Check: Know your chances before applying
📞 Apply Today
Whether you’re pursuing your dream in India or abroad, Shivafinz ensures smooth and transparent loan assistance with trusted financial partners.
👉 Reach out today for a free education loan eligibility check and make your academic dreams a reality.