Tata Capital offers Education Loan । Education Loan Eligibility & Documentation

Tata Capital offers Education Loan to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad. With quick approval rates, minimal documentation & competitive interest rates, we are levelling the playing field so that students can fulfil their potential.


Tata Capital offers Education Loan । Education Loan Eligibility & Documentation


Education Loan Eligibility And Documents

Education Loan Eligibility

  • You should be an Indian National 
  • You should be in the age group of 16-26 year.
  • yea should have good academic grades.
  • You and your parents should have a stable income source.
  • You should have a guarantor or show security.
  • You should show a good credit history of co-applicants.

Documents required for Education Loan

  • Photo identity Proof.
  • Copy of photo identity proof of both the student & parent. Can also submit a copy of Voter ID / Passport / Driving license / Aadhaar Card. 
  • Marks Sheets & Certificates.
  • Attested copies of Marks Sheets & Certificates (from 10th standard).
  • Admission Letter.
  • As issued by the admitting School / College / Institute.
  • Income Proof.
  • Bank statements for the past six months.
  • Salary slips.
  • For the last three months & ITR of Parent/Guarantor.


Other Documents

  • All essential documents issued by the admitting School / College / Institute including prospectus, breakup of fees, etc.
  • Documents for Studying Abroad.
  • Employment Contract, Entry Permit, Admission letter & I-20 Form from Foreign Institution.
  • Property documents

If there is an immovable property offered as security.
  • Employment Details (if employed).
  • Resignation letter, Acceptance of Resignation letter or Sanction letter for study leave.
  • Education Loan Interest Rates And Charges.

Tata Capital offers Education Loan । Education Loan Eligibility & Documentation


Education Loan Interest Rates Per Year.

10.99% onwards

Education Loan Amount:  

Minimum ₹ 75,000 and Maximum ₹ 30,00,000


Processing Fees: 

Up to 2.00%

Loan Tenure: 

Minimum 60 Months and Maximum 84 Months.

Preclosure Fee*: 

Up to 4.00% 

Part Payment Fee:  ₹ 0



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Disclaimer

The fees/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.

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