Education loan Indore

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Why Us?

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

About Education Loan Indore

Education loan scheme is a specially designed loan that students prefer to either receive additional funding or borrow towards fulfilling all their educational expenses. Both parents and students can apply for it, but it is advisable that students apply. Many students feel that taking an education loan is either risky or not preferable. However experts believe, the right education loan can go a long way towards creating less stress in the family, providing additional comfort, and making oneself confident by providing the required support for education.

Almost every bank in India offers an education loan scheme. Each of them is different but they are all made to support the education of the youth. It doesn’t matter what’s your college or study program because this loan is to provide support to any student having a will for obtaining an education. It covers graduation and post-graduation programs, along with other certified courses.

Major Education Loan Banks Providers in Indore

Education Loan Criteria SBI Education Loan HDFC Education Loan Axis Education Loan
Interest Rate 7.45% – 9.55% 9.50% – 13.3% 8.55% – 10.5%
Loan Amount Up to 1.5 crore Up to 20 Lakh Up to 40 Lakh
Tenure Up to 15 Years Up to 15 Years Up to 15 Years
Processing Fee Up to 2.0% Up to 1.0% Up to 15k
Loan for Abroad Studies Yes Yes Yes
Online Approval Yes Yes Yes
Apply Apply Now Apply Now Apply Now

Top Institutes for Education Loan in Indore

Types of Colleges in Indore

Top 10 Colleges in Indore

Top 10 Universities in Indore

Courses Offered

Types of Colleges in Indore

  • 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

Top 10 Colleges in Indore

  • Indian Institute of technology
  • Indian Institute of Management
  • Devi Ahilya Vishvavidayalaya
  • Guru Gobind Singh College Of dental Science
  • Index Medical College
  • Sri Aurobindo Institute of medical science
  • Mahatma Gandhi Memorial Medical College
  • Modern dental College
  • Jaipuria Institute of Management
  • Institute of business management and research
  • Management Studies

Top 10 Universities in Indore

  • Devi Ahilya Vishvavidyalaya
  • Oriental university
  • Sage University
  • Prestigious Institute of management
  • Indian Institute of Technology
  • Sanghavi Institute Of Management
  • Dr. APJ Abdul Kalam University
  • Medi Caps University
  • Indian Institute Of Management
  • Symbiosis University of applied science

Courses Offered

Courses Offered
B.Sc M.Sc
B.Com M.Com
B.E, B.Tech M.E, M.Tech
B.Pharm. M.Pharm.
BHM PG Diploma in Hotel Management
B.Arch M.Arch

Types of Expenses covered by Education Loan Indore

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 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 USA etc.

Documents Required for Education Loan Indore

Any hardcore paperwork is important for the education loan Indore. Though the process is simple and online, however, the requirement might vary by lending organizations or banks. In addition, some banks can be very strict in maintaining their terms and conditions with respect to mandatory documents submission. If no documents are submitted, the application may be rejected. List of Education loan Indore documents:

  • Duly filled and signed education loan form with affixed photographs
  • 2 passport sized photographs
  • Copy of 10th and 12th standard mark sheets
  • Statement of cost of study and course expenses
  • Government ID and Pan Card of student and parents/guardian
  • Proof of age – Aadhaar card, voter ID, passport, driving license
  • Proof of identity – Voter ID, Aadhaar card, passport, driving license
  • Proof of residence – Utility bill, rental agreement, last 6 months bank statement of the student or parent, gas book, ration card, telephone bill


How to Apply for Education Loan IndoreEducation loan Indore

To apply for an education loan Indore, firstly you have to check the eligibility and valid documents required. As the various banks offer different rates of interest on education loans. An education loan can be applied offline as well as online.

For offline you have to visit the nearest branch of education loan Indore bank and get the offers of various banks. The customer relationship manager will provide you all details and offers on education loans. You have to provide all the valid documents necessary for application for the Education loan Indore.

To apply online, you need to visit the Dialabank website, and click on the education loan tab, choose the city or place where you need an education loan.

To apply online:

  • Click on this link Education loan Indore
  • check your eligibility and valid documents required
  • Fill your details
  • Submit to “Get the best offers”