Overview of Education Loan Schemes 2025

Education loan schemes in 2025 are designed to support students with affordable financing. As of 01:53 AM IST, July 04, 2025, Loanpao collaborates with government and private institutions to offer tailored loans for higher education.

Available Education Loan Schemes

Key schemes available through Loanpao:

  • Vidya Lakshmi Scheme: Up to ₹10 lakh with 0% interest for women students.
  • CSIS: Covers tuition for SC/ST students, subsidized rates.
  • Central Sector Scheme: Up to ₹7.5 lakh for merit-based students.
  • Loanpao Education Plus: Flexible loans up to ₹20 lakh.
  • International Study Loan: Covers abroad education costs with 8% interest.

Enrollment Process

Steps to enroll in an education loan with Loanpao:

  1. Check eligibility based on course and institution.
  2. Submit academic records and co-applicant details.
  3. Apply online or visit a Loanpao branch.
  4. Receive pre-approval within 48 hours.
  5. Complete documentation and disburse funds directly to the institution.

Enrollments have increased by 25% in 2025 due to digital accessibility.

Eligibility Criteria

Requirements for education loan schemes:

  • Age: 16-35 years.
  • Course: Recognized by UGC/AICTE or foreign universities.
  • Co-Applicant: Parent or guardian with stable income.
  • Documents: Aadhaar, mark sheets, and income proof.
  • Admission: Confirmed enrollment letter required.

Frequently Asked Questions

Options include Vidya Lakshmi, CSIS, Central Sector Scheme, and Loanpao Education Plus.

Students aged 16-35 with confirmed admissions and a co-applicant.

Pre-approval takes 48 hours with complete documentation.