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