Education Loan Mumbai

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

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 the deserving students pursue higher education in the reputed colleges and universities of Mumbai. Getting education loan 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

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


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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 in Mumbai

Types of Colleges in Mumbai
Top 10 Colleges in Mumbai
Top 10 Universities in Mumbai
Courses Offered
Types of Colleges in Mumbai

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

Top 10 Colleges in Mumbai

  • Ramnarain Ruia College
  • Lala Lajpat Rai College of Commerce and Economics
  • Indian Institute of Technology
  • St. Xavier’s College
  • Wilson Raj College
  • Maharishi Dayanand College
  • Elphinstone College
  • Sardar Patel College of Engineering
  • Dr. D.Y. Patil Medical College
  • Narsee Monjee Institute of Management Studies

Top 10 Universities in Mumbai

  • International Institute for Population Sciences
  • Indian Institute of Technology (IIT)
  • University of Mumbai
  • SNDT Women’s University
  • Padmashree Dr. D. Y. Patil Vidyapeeth
  • University of Petroleum and Energy Studies
  • Narsee Monjee Institute of Management & Higher Studies
  • Tata Institute of Fundamental Research
  • Tata Institute of Social Sciences
  • Bhaba Atomic Research Centre

Courses Offered

Courses Offered
UGPG
B.E, B.TechM.E, M.Tech
BDS, MBBSMD, MS, MDS
B.ComM.Com
B.AM.A
B.ScM.Sc
B.Pharm.M.Pharm.
BBAMBA
LLBLLM
BHMPG Diploma in Hotel Management
B.ArchM.Arch

Types of Expenses covered by Education Loan

Expenses CoveredCourses Covered
Studying in IndiaStudying Abroad
  • Cost of laptop or computer, if required for the course
  • Books, equipment, and instrument cost
  • Entire tuition fee
  • Library and laboratory fees
  • Hostel or mess charges
  • All other necessary expenses in relation to study tours, thesis, project work etc. till course completion
  • Examination fees
  • Accommodation cost, if there is any
  • Admission acceptance fee
  • Insurance premium for the borrower
  • Professional/Graduation/Post-Graduation technical/regular diploma/degree courses from UGC/AICTE/ICMS/ICMR/IMC/AIBMS/Govt. approved institute or IIT/IIM, IISC/NIFT/XLRI etc.
  • Veterinary, Dental, Law, Engineering, Aeronautical, Medical, 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 Mumbai

CategoryDescription
Required Documents
  • Duly filled and signed application form with affixed photographs
  • 2 photographs of passport size
  • Copy of exam mark sheets of 10th/12th or latest education certificate
  • Statements of courses expenses/cost of study
  • Aadhar Card and Pan card of the student and Parent/Guardian
Age proof
  • Copy of Aadhar Card/Voter ID/Passport/Driving License
Identity Proof
  • Copy of Aadhar Card/Voter ID/Passport/Driving License
Residence Proof
  • Rental agreement/Bank statement of 6 months of the student or co-borrower/guarantor/Copy of Ration card/Gas Book/Electricity Bill/Tel Bill
Income Proof
  • Most recent Salary Slips or Form 16 of the parent/guardian/co-borrower
  • 6 months bank statement of the borrower or updated passbook of bank
  • Updated ITR of 2 years or IT assessment order of last 2 years of parent/co-borrower/guardian
  • Documents stating the assets and liabilities of the parent/co-borrower/guardian


APPLY FOR EDUCATION LOAN AT 9.50%

How to Apply for Education Loan Mumbai

Education Loan mumbai

  • Go to dialabank.com for education loan mumbai.
  • Select Education Loan
  • Checkout 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.

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