Overview of Education Loan in Greater Noida
Education loans in Greater Noida for 2025 support students pursuing higher education domestically or internationally. Loanpao connects you with top lenders like SBI, Bank of Baroda, and Axis Bank, offering loans up to ₹1 crore at interest rates starting at 8.5% p.a. with repayment periods up to 15 years.
Eligibility Criteria for Education Loan in Greater Noida
| Criteria | Details |
|---|---|
| Age | 18 to 35 years |
| Applicant | Student or co-applicant (parent/guardian) |
| Academic Record | Minimum 60% in 12th grade or equivalent |
| Course | Approved undergraduate, postgraduate, or professional courses |
| Residence | Permanent resident of Greater Noida |
Documents Required for Education Loan in Greater Noida
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID (student and co-applicant).
- Address Proof: Utility bill, Aadhaar, or rental agreement (Greater Noida address).
- Academic Documents: 10th, 12th mark sheets, admission letter.
- Income Proof: Co-applicant’s salary slips (last 3 months) or ITR (last 2 years).
- Bank Statements: Last 6 months’ bank statements of co-applicant.
- Course Details: Fee structure, course duration, institute recognition.
- Photograph: Recent passport-size photographs of student and co-applicant.
Benefits of Education Loan in Greater Noida
- Loan amounts up to ₹1 crore for domestic or international studies.
- Competitive interest rates starting at 8.5% p.a. in 2025.
- Long repayment tenures up to 15 years with moratorium period.
- Covers tuition fees, hostel, books, and travel expenses.
- Tax benefits under Section 80E of the Income Tax Act.
Factors Affecting Education Loan in Greater Noida
Interest Rate
Rates range from 8.5% to 12% p.a., based on course, institute, and co-applicant’s credit profile.
Loan Amount
Up to ₹1 crore, depending on course fees and co-applicant’s income.
Co-applicant’s Credit Score
A score above 650 ensures better rates; lower scores may require collateral.
Institute Recognition
Loans for reputed institutes in Greater Noida or abroad get better terms.
How to Apply for an Education Loan in Greater Noida
Follow these steps to apply for an education loan in Greater Noida through Loanpao:
- Visit loanpao.in and select "Education Loan in Greater Noida."
- Fill out the online application form with details (student name, Greater Noida address, course).
- Upload required documents (Aadhaar, academic records, admission letter).
- Compare offers from top Greater Noida lenders like SBI, Bank of Baroda, and Axis Bank.
- Get approval and funds disbursed within 5–7 days in Greater Noida.
Loan Eligibility for Education Loan in Greater Noida
Check your eligibility for an education loan in Greater Noida with Loanpao’s tool:
- Enter student’s academic details (60%+ in 12th grade).
- Provide co-applicant’s income (minimum ₹2 lakh/year).
- Specify course and institute details (approved courses only).
- Include Greater Noida address and co-applicant’s credit score.
Loanpao will assess your eligibility and suggest the best education loan offers in Greater Noida.
Check Eligibility NowTrack Your Education Loan Application in Greater Noida
Loanpao provides a seamless tracker for your education loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Greater Noida.
- Contact Loanpao support for assistance with delays in Greater Noida.
Education Loan Comparison in Greater Noida
Compare education loan offers from top lenders in Greater Noida:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8.50% p.a. | Up to ₹1 crore | Up to 15 years | ₹10,000 (fixed) |
| Bank of Baroda | 9.00% p.a. | Up to ₹80 lakh | Up to 12 years | 0.75% of loan amount |
| Axis Bank | 9.50% p.a. | Up to ₹75 lakh | Up to 10 years | 1% of loan amount |
Frequently Asked Questions
A minimum of 60% in 12th grade or equivalent is required for most education loans in Greater Noida.
Education loans in Greater Noida are disbursed within 5–7 days after approval.
Collateral may be required for loans above ₹7.5 lakh; unsecured options are available for smaller amounts.
Yes, education loans for international studies are available, covering tuition, travel, and living expenses.
Missing an EMI may incur late fees, impact your credit score, or lead to legal action by the lender.