Overview of Education Loan in Ghaziabad
Education loans in Ghaziabad support students in areas like Raj Nagar, Vaishali, and Indirapuram to pursue higher education in India or abroad. In 2025, lenders like SBI, Bank of Baroda, and HDFC Credila offer education loans with interest rates starting at 8.5% p.a. and loan amounts up to ₹1.5 crore. Loanpao helps Ghaziabad students compare offers, check eligibility, and apply for education loans with flexible repayment options.
Eligibility Criteria for Education Loan in Ghaziabad
| Criteria | Details |
|---|---|
| Applicant Type | Students with co-applicant (parent/guardian) |
| Age | 18 to 35 years (student) |
| Academic Record | Minimum 60% in Class 12 or equivalent |
| Admission | Confirmed admission in recognized institute |
| Co-applicant Income | Minimum ₹15,000/month (salaried) or ₹2 lakh/year (self-employed) |
| Collateral | Required for loans above ₹7.5 lakh (property/FD) |
Documents Required for Education Loan in Ghaziabad
- Identity Proof: PAN Card, Aadhaar Card (student and co-applicant).
- Address Proof: Aadhaar Card, utility bill, or rental agreement.
- Academic Proof: Class 10/12 marksheets, admission letter.
- Income Proof: Salary slips (last 3 months) or ITR (last 2 years) of co-applicant.
- Bank Statement: Last 6 months of co-applicant’s account.
- Collateral Documents: Property papers/FD certificate (if applicable).
- Photograph: Recent passport-size photos of student and co-applicant.
Benefits of Education Loan in Ghaziabad
- Interest rates starting at 8.5% p.a. in 2025.
- Loan amounts up to ₹1.5 crore for international studies.
- Moratorium period (course duration + 1 year) with no repayment.
- Covers tuition, accommodation, and travel expenses.
- Tax benefits under Section 80E on interest paid.
Factors Affecting Education Loan in Ghaziabad
Interest Rate
Rates range from 8.5% to 12%, based on course, institute, and collateral.
Academic Performance
Strong academic records (above 60%) improve approval chances.
Co-applicant’s Income
Higher income (above ₹15,000/month) supports larger loan amounts.
Institute Recognition
Loans for reputed institutes have better terms and higher approval rates.
How to Apply for an Education Loan in Ghaziabad
Follow these steps to apply for an education loan in Ghaziabad through Loanpao:
- Visit loanpao.in and select "Education Loan in Ghaziabad."
- Complete the online application with student and co-applicant details.
- Upload required documents (academic, income, admission letter).
- Submit the application and get approval within 7-10 days.
- Receive funds directly to the institute or bank account post-verification.
Loan Eligibility for Education Loan in Ghaziabad
Check your eligibility for an education loan in Ghaziabad with Loanpao’s eligibility tool:
- Enter student details (academic record, course, institute).
- Provide co-applicant details (income, employment).
- Upload admission letter and income proof for verification.
Loanpao will assess your eligibility and suggest the best education loan offers in Ghaziabad.
Check Eligibility NowTrack Your Education Loan Application in Ghaziabad
Loanpao provides a seamless tracker for your education loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates (e.g., verification, approval, disbursed).
- Receive notifications for disbursal updates in Ghaziabad.
- Contact Loanpao support for assistance with delays.
Education Loan Comparison in Ghaziabad
Compare education loan offers from top lenders in Ghaziabad:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8.5% p.a. | Up to ₹1.5 crore | Up to 15 years | Up to ₹10,000 |
| Bank of Baroda | 8.75% p.a. | Up to ₹1 crore | Up to 12 years | Up to 0.5% of loan amount |
| HDFC Credila | 9% p.a. | Up to ₹1.2 crore | Up to 15 years | Up to 1% of loan amount |
Frequently Asked Questions
An education loan in Ghaziabad is a loan to finance higher education, covering tuition, accommodation, and other expenses for domestic or international studies.
Interest rates start at 8.5% p.a., depending on the lender, course, and institute.
Approval typically takes 7-10 days, with disbursal within 10-15 days post-verification.
Collateral is required for loans above ₹7.5 lakh, such as property or fixed deposits.
Loan amounts can go up to ₹1.5 crore, based on course and institute.
Yes, most lenders allow early repayment with no prepayment charges after the moratorium period.
Top lenders include SBI, Bank of Baroda, and HDFC Credila in Ghaziabad.
Yes, Loanpao offers a fully online application process for education loans in Ghaziabad.
Processing fees range from ₹5,000 to 1% of the loan amount, depending on the lender.
Yes, interest paid on education loans is eligible for tax deductions under Section 80E.