Education Loan Chennai

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Why Us?

Rates as low as 9.33%
Pre-Admission Loans
Study in India / Abroad
Doorstep Service
Unsecured Loan Available

Education Loan Chennai

Education is the key to a successful life and a good education paves a path to prosperity in life. Education Loan Chennai is providing great assistance to students in completing their dreams and pursuing higher education in the college/university of their choice. Education Loan Chennai can be availed from various banks.

There are a lot of advantages and benefits associated with Education Loan Chennai

  • Easy Documentation and Speedy processing.
  • Lower and competitive rate of Interest.
  • Flexible repayment options and repayments start after 6 months of completion of course.
  • Avail tax benefits under section 80(E) of Income Tax Act 1961.
  • Quick approval with 24*7 customer care assistance.

Major Education Loan Providers in Chennai

  • Interest Rate 7.45% - 9.55%
  • Loan Upto 1.5 Crores
  • Up to 15 Years Repayment
  • Processing Fee Upto 2.0%
  • Loan for Abroad Studies
  • Online Approval
  • Interest Rate 9.50% - 13.3%
  • Loan Upto 20 Lakh
  • Up to 15 Years Repayment
  • Processing Fee Upto 1.0%
  • Loan for Abroad Studies
  • Instant Online Approval
  • Interest Rate 8.55% - 10.5%
  • Loan Upto 40 Lakh
  • Up to 15 Years Repayment
  • Processing Fee Upto 15k
  • Loan for Abroad Studies
  • Online Approval
  • Interest Rate 10% - 16.50%
  • Loan Upto 25 Lakh
  • Up to 10 Years Repayment
  • Processing Fee Upto 2.0%
  • Loan for Abroad Studies
  • Online Approval

Top Institutes for Education Loan in Chennai

  • Engineering college
  • Bio-technology college
  • Medical college
  • Pharmacy college
  • Management college
  • Architecture college
  • Law college
  • Science, Commerce, and Arts college
  • Physical education college
  • B.ED college
  • Indian Institute of Technology Madras
  • College of Engineering, Anna University, Chennai
  • Madras Institute of Technology, Chennai
  • St. Joseph’s College of Engineering, Chennai
  • Vel Tech, Chennai
  • Alagappa College of Technology, Chennai
  • Easwari Engineering College, Chennai
  • Madras Christian College, Tambaram
  • Stella Maris College
  • SRM University, Kattankulathur
  • Presidency College
  • Womens Christian College, Nugambakkam
  • Hindustan University, Kelambakkam, Chennai
  • SRM University, Chennai, Kattankulathur, Chennai
  • B.S. Abdur Rahman University (BSAU), Vandalur, Chennai
  • Karpaga Vinayaga College of Engineering and Technology, Kanchipuram, Chennai
  • Indian Institute of Technology, Madras, Adyar, Chennai
  • Sathyabama University, Injambakkam, Chennai
  • Dr. M.G.R. Educational and Research Institute University, Maduravoyal, Chennai
  • Madras Institute of Technology, Chrompet, Chennai
  • Saveetha Engineering College, Thandalam, Chennai
  • Aarupadai Veedu Institute of Technology, Old Mahabalipuram Road, Chennai
Courses Offered
UG
PG
B.A
M.A
B.Sc
M.Sc
B.Com
M.Com
B.E, B.Tech
M.E, M.Tech
BDS, MBBS
MD, MS, MDS
B.Pharm.
M.Pharm.
BBA
MBA
LLB
LLM
BHM
PG Diploma in Hotel Management
B.Arch
M.Arch

Types of Expenses covered by Education Loan Chennai

Expenses Covered
Courses Covered
Studying in India
Studying Abroad
  • Tuition, exam library, and lab fees covered under the loan.
  • Accommodation and hostel expenses also covered.
  • Cost of uniform, books, equipment, and any study tours.
  • Traveling expenses and any other refundable fees paid to the institutes.
  • Additional discount of 0.5% for female students.
  • Subsidies on principal amount and rate of interest.
  • A moratorium period of 6 months to a year is given after the completion of the course.
  • Professional courses from the reputed institutes in the country.
  • Graduation or Post Graduation from recognized Universities.
  • All courses offered by IIT, IIM, IISc, NIFT, XLRI, e.t.c.
  • Engineering, Aeronautical, Medical, Veterinary, Dental, Law, Computer, Management, teacher training, nursing courses etc.
  • Courses such as CA, CFA, ICWA
  • GMAT, GRE, TOEFL, SAT exams affiliated colleges.
  • Graduation or Post Graduation from a Government recognized College/University.
  • Professional courses offered by legal Universities.

Documents Required for Education Loan Chennai

Education Loan Chennai provides a hassle free and simple documentation process and helps the customer to avail Loan in a shorter period of time.

  1. Personal Documents:
    1. Age Proof
    2. Identity Proof
    3. Address Proof
    4. Photo and signature.
    5. Aadhar card, Pan Card, and Passport.
    6. Education loan form filled and signed by the applicant.
  2. Academic Documents:
    1. Previous academic records.
    2. Proof of selection of the candidate in the college or university.
    3. Cost statement of study and course expenses.
  3. Income Documents:
    1. Guarantor Form by someone in the family or who is in close relation with the applicant.
    2. Salary slips of the guardian with the date of joining.
    3. Bank Statements supporting the amount that individuals have applied.

If the applicant is a Self-Employed Individual

  • Balance sheet and profit and loss account, computation of income for last 2 years.
  • Income Tax Returns – last 2 years for Applicants, 26 AS, Traces
    • Business proof: Gomasta License, Registration Certificate, Service Tax Registration, among
  • IT Assessment / Clearance Certificate, Income Tax Challans / TDS Certificate (Form 16A) / Form 26 AS for income declared in ITR.
  •  

How to Apply for Education Loan Chennai

Education Loan ChennaiTo apply for a Education Loan Chennai, Applicants don’t need to visit the bank’s branch as applicants can apply for it online at DialaBank.com. The process is very easy & handy. This involves only a few steps:

  • Click here and fill the form.
  • Relationship Manager Will Call applicant in Next 2 Working Hours.
  • Compare personal loan offers from several banks and NBFCs on the DialaBank website.
  • Check the eligibility and View the best offers available.
  • Select the desired bank or keep in contact with the Relationship Manager of DialaBank for more assistance.
  • After selecting the bank, fill out a form to process the loan application.
  • Upload all the documents or schedule document pickup from home or office.
  • After your documents are verified, the bank’s executive will give the applicant a verification call.
  • The amount will get disbursed to the applicant’s account within 3-5 working days if the loan gets approved.

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