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Educational Loan

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Achieve your study-abroad dream with Easy Education loans

What we cover

All recognized courses that offer good job opportunities. Graduation, Post-Graduation, Diploma, or Professional courses.

Eligibility

Student’s age should be between 18-35 years. Applicant must be an Indian citizen.

Margin

Up to 90% loan amount sanctioned by most nationalised banks. Some institutions offer 100% loan sanction.

Loan Amount

Loans up to ₹5 Crore can be availed.

Applicant & Co-applicant

Loan documents must be signed by both the student and parent/guardian. The student is the main applicant. Parent or guardian acts as the co-applicant.

Security (Collateral /Non Collateral)

Admission to a professional/technical course abroad is required. Above ₹7 lakh: Co-borrower and collateral required. Fixed deposit can be used as collateral.

Who Can Be a Co-applicant?

Any Earning member of the family such as Father / Mother / Brother / Sister / Spouse Father in law/ Mother in law/ Sister in law/ Brother in law/ Paternal/ Maternal Uncle/Aunt

Benefits

Tax benefits available under Income Tax Act – Section 80E. Students can close the loan early and may get closure discounts.

Acceptable Collateral

Property like house, flat, or commercial land can be used as collateral. LIC policies and government bonds are accepted based on surrender value. Fixed deposit equal to the loan amount with the bank.

Covered expenses

Airfare / Travel costs Books and stationery Boarding and lodging expenses Admission / Tuition fees Exam fees, library/lab fees, study tours, project work, thesis, or any other course-related expenses

Loan Process

Free counselling and bank selection. Document collection and verification. Loan application submission. Bank sanction letter. Disbursement directly to the university.

Tenure

Repayment period: 10–15 years. Interest and principal repayment starts after first disbursement. Some banks allow simple interest payment during study period. Principal repayment starts 6–12 months after course completion or once the student gets a job. Interest may be paused during the moratorium period by some institutions.

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Documents To Be Collected From Applicant

S. NoDocumentsStudentGuarantor
1.
Original Bank Application FormYes—
2.Valid admission / offer letter clearly mentioning course name and tenureYes—
3.Fee structure from institution (including all expenses like accommodation)Yes—
4.All academic documents – Mark sheets and degrees (10th standard onwards)Yes—
5.Residence Proof (Electricity Bill, Aadhaar card, Passport, Driving License)YesYes
6.Identity Proof (PAN Card, Election Card, Passport, Driving License)YesYes
7.Age Proof (Birth Certificate, Driving License, Passport)YesYes
8.Signature Verification (Passport, PAN Card, Driving License)YesYes
9.Self-employed: Business proof, Income Tax Returns for last 3 years with
Balance Sheet, Profit & Loss Account and Income Computation
—Yes
10.Salaried: salary slips for last 3 months & Form 16 for last 3 years—Yes
11.Last 8 months bank statement—Yes
12.TOEFL / IELTS / PTE certificateYes
13.Property Documents – Sale Deed / Share Certificate / LIC / FD—Yes
14.Third-party guarantee (Any earning family member or relative)—Yes

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