Education Loan Udupi

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Rates as low as 9.33%
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Education Loan Udupi

Education Loan Udupi

Renowned for both as a pilgrimage centre and a tourist attraction, Udupi is one of the most popular places in Karnataka. Education Loan Udupi is provided by all the major banks and NBFCs that are located in the city to the students at a low rate of interest. Education loans will not only cover the tuition fee but the extra expenses such as air travel, insurance premium, boarding & lodging, and other miscellaneous necessities.

Major Education Loan Providers in Udupi

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
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Top Institutes for Education Loan Udupi

Types of Colleges in Udupi

  • 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 7 Colleges in Udupi

  • NMAM Institute of Technology
  • Justice K S Hegde Institute of Management
  • Mahatma Gandhi Memorial College
  • ECR Institute of Management Studies
  • Government First Grade College
  • Vaikunta Baliga Law college
  • Shri Madhawi Vaduraja Institute of Technology and Management

Top 3 Universities in Udupi

  • Manipal University
  • Mangalore University
  • Nitte University

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 Udupi

Expenses Covered Courses Covered
Studying in India Studying Abroad
  • Books, equipment, and instrument cost
  • Computer/Laptop expense, if required for the course
  • Hostel or mess charges
  • Full tuition fee
  • Library and laboratory fees
  • Examination fees
  • Admission acceptance fee
  • All other necessary expenses in relation to study tours, thesis, project work, etc. till course completion
  • Insurance premium for the borrower
  • Accommodation cost, if there is any
  • 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 Udupi

  1. Letter of Admission
  2. 2 recent passport size photographs
  3. Filled in the Loan Application form
  4. Statement of Cost of Study
  5. AADHAR Card of the student along with Parent/Guardian
  6. PAN Card of the student along with Parent/Guardian
  7. ID Proof such as Driving License/Passport/Aadhar or any other government-approved photo identity.
  8. Student/Co-borrower/guarantor’s bank account statement for the last 6 months
  9. IT return/IT assessment order, of previous 2 years of Parent/Guardian/co-borrower (if IT payee)
  10. Brief statement of assets & liabilities of Parent/ Guardian/ co-borrower
  11. Proof of Income (i.e. salary slips/ Form 16) Parent/ Guardian/ co- borrower along
  12. Proof of residence such as Driving License/Passport/Electricity Bill/Telephone Bill.


How to Apply for Education Loan Udupi

Education loan UdupiApplying for Education Loan with a DialaBank is an easy and convenient process. It compares the best deals from different banks and gives you the option most suitable for you. Apply only through Dialabank to save time and have a hassle-free experience.

To avail Education Loan Udupi :

FAQ on Education Loan

✅ What does margin on any loan mean?

The margin amount denotes the amount that a borrower must contribute to the education from his or her own earning sources in the form of a down payment.

✅ Is scholarship or assistantship included in the margin?

Yes, any scholarship or assistantship will be factored towards the education loan margin.

✅ What does MCLR stand for?

The Marginal Cost of Funds-based Lending Rate (MCLR) is an acronym for Marginal Cost of Funds-based Lending Rate. It is the bank’s lowest interest rate below which it will not lend.