Education Loan Coimbatore

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

Education Loan Coimbatore

Education Loan Coimbatore

Every child needs a quality education in order to lead a complete, successful and comfortable life. Unfortunately, such education comes at a cost that not everyone who deserves it can afford. That is where education loans come into play. Education loans are funds offered by banks and financial institutions to meritorious students to help them pursue their dream courses. At this time, banks play a crucial role, and also they help students educate without and disturbance. The educational loan helps many people in their tough times to complete their education.

Major Education Loan Providers in Coimbatore

SBI Education Loan

  • 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

Apply Now

HDFC Education Loan

  • 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

Apply Now

Axis Education Loan

  • 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

Apply Now

Avanse Education Loan

  • 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

Apply Now

Top Institutes for Education Loan Coimbatore

Types of Colleges in Coimbatore

  • Engineering college
  • Biotechnology college
  • Medical college
  • Pharmacy college
  • Management college
  • Architecture college
  • Law college
  • Science, Commerce, and Arts college
  • Physical education college
  • B.ED college

Top 10 Colleges in Coimbatore

  • Icon of Coimbatore
  • Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya.
  • Ceronet Institute of Higher Education
  • Karunya & Siemens Centre
  • Global Institute
  • Sethupathi Institute
  • Vithyasager E

Top 10 Universities in Coimbatore

  • Annamalai University
  • Karunya University
  • AIM Institute of University Studies
  • Anna University
  • Ramakrishna Mission Vivekananda University
  • Avinashilingam University
  • Amrita Vishwa Vidyapeetham University
  • Alagappa University

Courses Offered

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 Coimbatore

Expenses Covered Courses Covered
Studying in India Studying Abroad
  • Books, equipment, and instrument cost
  • Cost of laptop or computer, if required for the course
  • Hostel or mess charges
  • Entire tuition fee
  • Library and laboratory fees
  • Examination fees
  • Accommodation cost, if there is any
  • Admission acceptance fee
  • All other necessary expenses in relation to study tours, thesis, project work etc. till the course completion
  • Insurance premium for the borrower
  • Professional/ technical/ regular diploma/ degree/ Graduation/ Post-Graduation courses from UGC/ AICTE/ IMC/ ICMS/ AIBMS/ ICMR/ Govt. approved institute or IIT/ IIM, IISC/ NIFT/ XLRI etc.
  • Engineering, Aeronautical, Medical, Veterinary, Dental, Law, Computer, Management, teacher training, nursing courses etc.
  • Courses such as CA, CFA, ICWA
  • Professional/ Job-centric/ technical/ diploma/ degree/ Graduation/ Post-graduation courses such as MBA/ MCA/ MS etc.
  • Courses from CIMA UK, CPA in the USA etc.

Documents Required for Education Loan Coimbatore

One of the most popular loan products is the education loan, for all types of education needs school education, higher education in India, higher education overseas, executive programs in India or executive development programs abroad, whatever the case might be. Today education is a must in building a strong career and a better future for the country. The government has also supported and emphasized the need for education for all and accordingly awarded subsidies on the interest rates banks charge on education loans.

Some financial push by means of an education loan or student loan can go a long way in helping someone achieve the better life that comes with education and good academic background. The documentation process has been kept extremely simple.

  • The parent’s latest salary slip showing all the deductions, or
  • Form 16 along with the latest salary certificate
  • Last 2 year’s IT returns of past 2 years

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.
  • Business proof: 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.

Proof of Residence (any one)

  • Valid passport
  • Voter id card
  • Driving license
  • Postpaid utility bill (gas bill and electricity bill)
  • Updated passbook or bank account statement
  • Notarized registered rent agreement.

Additional Documents

  • Updated Passbook or bank account where the salary is credited for last 6 months at least
  • Educational documents of the student:
  • Copy of fee acknowledgement slip
  • Admission letter to the educational institutions
  • Passing certificate
  • School leaving certificate
  • High School Examination mark sheet

APPLY FOR AN EDUCATION LOAN AT 9.50%

How to Apply for Education Loan Coimbatore

Education loan coimbatore

1. Visit Dialabank.

2. Click on the loan section and you can find the Education loan link.

3. After clicking on the Education loan link, you will be directed to details of the Education loans and there you can select your preferred city.

4. For more information and free guidance on the Education loan, you may call 9878981166.