Education loan Jammu

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Education loan Jammu

About Education Loan Jammu

Education is one of the most essential investments any person makes in his life. However, with the increasing cost of education, it has become a necessity to take out an education loan.

Education loan Jammu is a loan made for students. The loan amount is enough to cover all your educational expenses, starting from books and instruments, to accommodation and other college charges. Both students and their parents can apply for it, and the application process is very simple. Indian banks are offering various education loan schemes. These schemes are available for every citizen of India, regardless of the college or study program he/she has chosen. It covers the costs of graduation and post-graduation programs and other verified courses.

Major Education Loan Providers in Jammu

Education Loan Criteria HDFC Education Loan Axis Education Loan Avanse Education Loan
Interest rate 9.50%-13.3% 8.55%-10.5% 10%-16.50%
Loan Amount Up to 20 Lakh Up to 40 Lakhs Up to 25 lakhs
Tenure Up to 15 Years Up to 15 Years Up to 10 Years
Processing Fee Up to 1.0% Up to 15k 2.0
Loan For Abroad Studies Yes Yes Yes
Online Approval Yes Yes Yes
Apply Online HDFC Education Loan Axis Education Loan Avanse Education Loan

Top Institutes for Education Loan in Jammu

Types of Colleges in Jammu

  • 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 Jammu

  • Institute of Dental science
  • KC Law College
  • The Business School University of Jammu
  • University of Jammu
  • Dogra Law College
  • Indian Institute Of Management
  • Model Institute of Engineering and Technology
  • Yogananda college of engineering and technology
  • MBS College of Engineering and technology
  • Priyadarshni institute of management and science

Top 10 Universities in Jammu

  • Shri Mata Vaishno Devi University
  • University of Jammu
  • University of Kashmir
  • Indian Institute of management
  • National Institute of technology
  • Baba Gulam Shah Badshah University
  • Central University of Jammu
  • Islamic university of science and technology
  • Cluster University of Jammu
  • Central Institute of Buddhist studies

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

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 Jammu

Documentation is an important process that banks do before approving your education loan. To go through successful documentation, make a checklist of documents.

The following are the most important documents required for applying for an education loan in Jammu :

  • Letter of admission
  • Filled in Loan Application Form
  • 2 passport size photographs
  • Statement of cost of study
  • PAN Card of the Student and Parent/ Guardian
  • AADHAR Card of the Student and Parent/ Guardian
  • Proof of identity (Driving Licence/Passport/Aadhar/ any photo identity)
  • Proof of residence (Driving Licence/Passport/Electricity bill/Telephone bill)
  • Student/Co-borrower/ guarantor’s bank account statement for the last 6 months
  • IT return/ IT assessment order, of previous 2 years of Parent/ Guardian/ co-borrower (if IT Payee)
  • Brief statement of assets & liabilities of Parent/ Guardian/ co-borrower
  • Proof of income (i.e. salary slips/ Form 16) Parent/ Guardian/ co-borrower


  • No security is required for loans up to Rs 4 lakhs, but parents have to be co-borrowers.
  • For loans above Rs 4 lakhs and up to a maximum amount of Rs 7.5 lakhs, third-party collateral security is required and parents have to act as co-borrowers.
  • For loans above Rs 7.5 lakhs, tangible and acceptable collateral security is required and parents have to act as co-borrowers.

For pursuing courses in IIM / ISB-Hyderabad / IIT no collateral security is required if the loan amount is within Rs 10 lakhs. However, parents have to be co-borrowers, and assignment of potential future income along with a third-party guarantee of 2 individuals will be required.


Education Loan Jammu

How to Apply for Education Loan Jammu

With the different rates of interest offered by various banks on education loans in Jammu, it becomes cumbersome for you to which one to choose. This task can be done with Dialabank which will easily provide you with the best offer after analyzing the offers as per your need.

You can apply online as well as offline, Its your convenience you choose which way

For offline, you have to visit the nearest branch of the bank to get a detailed education loan offer from the customer relationship manager

For online you just have to apply through

  • Click on this link Education Loan
  • Fill your Details
  • Click on “Get the Best Offer”

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