EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %8 %
Tenure (months)12
Emi (monthly)8,699
Total Interest4,386
Loan Amount + Interest104,386
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
82,7774,21386,99017,22382.78 %
Apr8,0326678,69991,9688.03 %
May8,0866138,69983,88216.12 %
May8,1405598,69975,74224.26 %
Jun8,1945058,69967,54832.45 %
Jul8,2494508,69959,29940.70 %
Aug8,3043958,69950,99549.00 %
Sep8,3593408,69942,63657.36 %
Oct8,4152848,69934,22165.78 %
Nov8,4712288,69925,75074.25 %
Dec8,5271728,69917,22382.78 %
17,22517317,3980100.00 %
Jan8,5841158,6998,63991.36 %
Feb8,641588,6990100.00 %
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Eligibility to Apply for an Education Loan

Applying for Educational Loan Eligibility and Criteria


Applicant must be an Indian Resident

Age Creteria

Applicants must be between 18 and 35 years of age when applying for a loan.


Applicants must be undergoing a graduate/postgraduate degree or a PG diploma.

Secured Admission

Applicants should have secured admission to a college or university affiliated with the University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Government etc.

Full Time Course

Full-time students must be accompanied by a co-applicant, who can be either a parent or guardian or spouse.


The Co-applicant must have a regular and reliable source of income

Keep the Right Documents by Your Side for a Smoother Process

Required Documents

KYC of an applicant consist of the following documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID


Always Stay Updated with What you Need to Pay

Fees and Charges

Administrative fee

The administrative fee levied by lenders is split into two parts- the part charged after the loan sanction, and the part which is known as the administration fee.

Repayment Mode Related Charges

When a borrower requests their lenders to change their existing repayment mode during the loan tenure, there is usually a fee associated with it. This fee can range from Rs. 500 to Rs. 1,000 per instance (swap).

CERSAI charges

The CERSAI website is a central online security interest registry in India that allows potential lenders to check whether the pledged property is not claimed by some other lender.

Leave Your Question


An education loan is the best financial aid for pursuing further studies abroad or nationwide. A student can avail of an education loan that will cover the finances of his/her overall educational needs, that includes tuition fees, hostel fees, etc.

If you fail to repay your education loan, the lender will send reminders to you and your guarantor. Failure to heed the warnings will result in loan default, negatively impacting your credit score. Ultimately you won’t be able to get any further loans in the future.

Yes, it is possible to cancel an education loan even after its approval. However, you must be familiar with the requirements to follow to cancel the education loan. You must present certain proof in addition to fulfilling certain requirements to satisfy those particular requirements.

The answer is Yes, only if you meet the conditions for a second education loan. You have the option of getting this loan from the same bank from where you took the first loan or even look for a different lender.

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