Invest in Your Future with KreditMudra Education Loans
Planning to pursue higher education or provide quality education for your children? KreditMudra offers education loans with flexible terms and competitive rates, ensuring you have the financial support you need to achieve your academic goals.
Interest rate
8.50% p.a. onwards
Loan amount
Up to ₹1.5 Crore
Tenure
Up to 15 years
Education Loans: every variant
Select a product to see how it works and how we help you secure it.
Loan for Study Abroad
Many students dream of studying abroad; however, the costs of admission, accommodation, and tuition fees are increasing rapidly. Thus, selecting a loan for studying abroad can be a strategic decision. KreditMudra creates an opportunity by comparing the different interest rates of various financial institutions (banks and NBFCs) and selecting a suitable lender to provide a study abroad loan.
These are available as unsecured and secured loans, with or without collateral, depending on the lender's policies. While some financial institutions require collateral, KreditMudra helps you secure loans that are quick and come with lower interest rates.
Our financial experts provide guidance and support throughout the loan process, with eligibility checks, application, documentation, and final approval.
Key highlights
Coverage for international and domestic studies
Best eligibility offers from multiple lenders
Best interest offers from multiple lenders
Flexible repayment terms
Moratorium period during the course
Tax benefits under Section 80E
Quick disbursal aligned to semester fees
Eligibility criteria
Indian national with a confirmed admission offer
Recognised course at a recognised institution in India or abroad
Co-applicant (parent, guardian or spouse) with documented income
Collateral for higher-ticket loans, as per the lender's policy
Consistent academic record
Documents required
Admission letter or offer from the university / college
Fee structure breakdown and cost-of-living estimate
Academic mark sheets and entrance test scores (GRE, IELTS, etc.)
KYC of the student and co-applicant
Co-applicant's income proof and bank statements
Collateral title documents (for secured loans)
Criteria and documentation vary between lenders. We confirm the exact requirement for your chosen lender before you submit anything.
Estimate your Education loan EMI
Adjust the amount, rate and tenure to see what the repayment would look like.
Your monthly EMI
₹24,618
- Principal₹25 L
- Total interest₹19.31 L
- Total payable₹44.31 L
Indicative only. Your actual EMI depends on the lender's final approved rate, processing fees and insurance.
Get offers at this amountEducation Loans: common questions
It is the course duration plus a grace period (usually 6 to 12 months) before full EMI repayment starts. Most lenders charge simple interest during this time, which you can choose to service monthly to keep the overall cost down.
Loans up to around ₹7.5 lakh are generally unsecured. Above that, most banks ask for tangible collateral, though several NBFCs fund larger unsecured amounts for premier institutions at a higher rate. We map your college and course against each lender's approved list.
Tuition and examination fees, hostel and accommodation, travel for overseas study, laptop, books, equipment and insurance are all typically fundable, subject to the lender's cap on non-tuition components.
Yes. Under Section 80E, the entire interest paid on an higher-education loan is deductible from your taxable income with no upper limit for up to 8 continuous years, provided the loan is in the name of the individual paying the tax.
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