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Tata Capital Education Loan

Empower your academic journey with Tata Capital’s education loans, offering up to ₹2 crore and competitive rates starting at 10.99% p.a.

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Overview

Tata Capital, a leading NBFC, offers education loans to support students pursuing higher education in India and abroad. With loans up to ₹85 lakh unsecured and ₹2 crore secured, Tata Capital covers 100% of education costs at competitive rates starting at 10.99% p.a.

Key Features & Benefits

  • ✔Loan Amount: Up to ₹85 lakh unsecured; ₹2 crore secured.
  • ✔Moratorium: Course duration + 1 year.
  • ✔Repayment Tenure: Up to 13 years.
  • ✔No Margin: 100% financing of education costs.
  • ✔Rates: Starting at 10.99% p.a., based on profile.
  • ✔No Prepayment Penalty: Clear loan early without charges.
  • ✔Pre-admission Sanctions: Secure funding before admission.
  • ✔Tax Benefits: Deduction on interest under Section 80E.

Eligibility Criteria

Student:

  • •Indian citizen, aged 18–35 years.
  • •Secured admission to a recognized institution.
  • •Completed 10+2 with strong academics.
  • •Entrance exam scores (GRE, GMAT, TOEFL, IELTS) for abroad studies.

Co-applicant:

  • •Mandatory (parent, spouse, sibling, guardian).
  • •Indian citizen with steady income and good credit history.

Documents Required

Student:

  • •KYC (Aadhaar, PAN, Passport, Voter ID).
  • •Academic records (10th, 12th, graduation).
  • •Admission letter or proof of application.
  • •Entrance exam scores (GRE, GMAT, TOEFL, IELTS).
  • •Visa copy (for abroad studies).

Co-applicant:

  • •KYC (Aadhaar, PAN, Passport).
  • •Income proof (3 months’ salary slips, 2 years’ ITR, 6 months’ bank statements).
  • •Statement of assets and liabilities.

Other:

  • •Loan application form.
  • •Course fee structure.
  • •Collateral documents (for loans above ₹85 lakh).

Interest Rates & Charges

Tata Capital offers competitive interest rates with flexible repayment options and no prepayment penalties.

Loan Type Interest Rate (p.a.)* Processing Fee Collateral
Domestic (unsecured, up to ₹85 lakh) 11.50%–14.00% 0.5%–1% + GST Not required
Abroad (unsecured, up to ₹85 lakh) 11.50%–14.00% 0.5%–1% + GST Not required
Abroad (secured, up to ₹2 crore) 10.99%–13.00% 0.5%–1% + GST Required

*Rates vary based on profile, course, and institute. Contact Tata Capital for exact rates.

Application Process

  1. Submit Inquiry: Fill out our quick online form.
  2. Expert Guidance: Connect with our loan advisor for Tata Capital options.
  3. Document Prep: Gather documents with our assistance.
  4. Application: Apply online via Tata Capital’s website, app, or offline at branches.
  5. Disbursal: Funds released post-approval, typically in 7–10 days.

Frequently Asked Questions