Education Loan Mumbai
Mumbai is considered to be having a high literacy rate, and it houses several reputed educational institutes of the country. Being the commercial capital of the country, it also offers better job opportunities and growth; that is why students all over the country prefer Mumbai for pursuing higher studies. So, many banks offer education loans in Mumbai at an attractive interest rate to help deserving students pursue higher education in the reputed colleges and universities of Mumbai. Getting an education loan from Mumbai from these banks to pursue your dream course and covering other expenses related to the course will not be an issue in education loan Mumbai.
Major Education Loan Providers in Mumbai
| Parameters |
SBI Education Loan |
HDFC Education Loan |
Axis Education Loan |
Avanse Education Loan |
| Interest Rate | 7.45% – 9.55% | 9.50% – 13.3% | 8.55% – 10.5% | 10% – 16.50% |
| Loan Amount | Loan up to 1.5 Crores | Loan up to 20 Lakh | Loan up to 40 Lakh | Loan up to 25 Lakh |
| Tenure | Up to 15 Years of Repayment | Up to 15 Years of Repayment | Up to 15 Years of Repayment | Up to 10 Years of Repayment |
| Processing Fee | Up to 2.0% | Up to 1.0% | Up to 15k | Up to 2.0% |
| Loan For Abroad Studies | Yes | Yes | Yes | Yes |
| Online Approval | Yes | Yes | Yes | Yes |
| Apply Now | Apply Now | Apply Now | Apply Now |
Top Institutes for Education Loan in Mumbai
| Types of Colleges in Mumbai | Top 10 Colleges in Mumbai | Top 10 Universities in Mumbai |
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Courses Offered:
| Courses Offered | |
| UG | PG |
| B.E, B.Tech | M.E, M.Tech |
| BDS, MBBS | MD, MS, MDS |
| B.Com | M.Com |
| B.A | M.A |
| B.Sc | M.Sc |
| 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
| Expenses Covered | Courses Covered | |
| Studying in India | Studying Abroad | |
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Documents Required for Education Loan Mumbai
| Category | Description |
| Required Documents |
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| Age proof |
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| Identity Proof |
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| Residence Proof |
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| Income Proof |
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APPLY FOR AN EDUCATION LOAN AT 9.50%
How to Apply for Education Loan Mumbai
Before availing education loan Mumbai, it is important to check the rates offered by various banks. To provide you with a hassle-free experience, Dialabank does that job for you. The advantages of considering Dialabank before taking an education loan in Mumbai are:
- No sort of fee is charged by our customers.
- Get expert advice and guidance.
- The process is time-saving with Dialabank.
- The Loan gets disbursed quickly.
Applying for an education loan in Mumbai is easy with Dialabank. The steps that need to be followed for applying online are as follows:
- Go to Dialabank for an education loan in Mumbai.
- Select Education Loan
- Check out all the eligibility and documents criteria for education loan Mumbai.
- Fill out all the details required and choose the most appropriate plan.
- Once done, our representative will soon contact you.
FAQ on Education Loan
What is the maximum amount of time I have to pay back my education loan?
Your loan can be repaid over a period of up to 6 years.
What is the maximum amount of money that may be borrowed for an education loan?
If you are studying in India, you can take out a loan of up to INR 25 lakh. You can get a loan of up to 30 lakhs if you want to study abroad.
What is the rate of interest on a student loan?
Our Personal Loan for Education interest rates is reasonable and affordable. Rates start at 10% and go up from there.
