Education loan Ratlam

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Rates as low as 9.33%
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Study in India / Abroad
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Education loan Ratlam

About Education Loan Ratlam

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.

An education loan 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. Education loans are issued for the purpose of attending an academic institution and pursuing an academic degree. Education loans can be obtained from the government or through private-sector lending sources. 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 Ratlam Banks Provides

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

Top Institutes for Education Loan in Ratlam

Types of Colleges in Ratlam

  • 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 8 Colleges in Ratlam

  • Royal Institute Of Management and Advanced Studies
  • Shri Yogindra Sagar Institute of technology
  • Srajan Institute of technology and management studies
  • District Homeopathic Medical College
  • Shri Sai Institute Of technology
  • Shri Arihant College of Professional Education
  • G.T. polytechnic college
  • Government medical college

Top 10 Universities in Ratlam

  • Govind Guru Tribal University
  • Mandsaur University
  • Mahakal institute of management
  • Alpine Institute of technology
  • Bhartiya Institute of Professional studies
  • Vikram University
  • Indian Institute of management
  • Institute of Business Management and research
  • Shri Vaishnav Institute of management
  • Devi Ahilya Mahavidyalaya

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 Ratlam

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 the USA, etc.

Documents Required for Education Loan Ratlam

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

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

  • 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
  • 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
  • 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.


How to Apply for Education Loan Ratlam

Education loan Ratlam

You can apply for an education loan at Ratlam offline as well as online. The different Interest rates offered by the different banks. The education loan Ratlam can apply online with Dialabank through the website.

  • Just click on the education loan tab
  • Fill the details
  • Check the details filled
  • Submit the “Get The Best offers”
  • And choose the best option.

you can also visit the nearby branch of the bank for education loan details where the customer relationship manager provides all details about education loan interest rates.

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