Overview of Education Loan in Gurugram
An education loan in Gurugram supports academic expenses for domestic or international studies. In 2025, top lenders like SBI, HDFC Credila, and Axis Bank offer education loans in Gurugram with interest rates starting at 9% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for an education loan tailored to Gurugram’s educational needs.
Eligibility Criteria for Education Loan in Gurugram
| Criteria | Details |
|---|---|
| Age | 18 to 35 years |
| Residency | Must be a resident of Gurugram with valid address proof |
| Academic Requirement | Admission letter from a recognized institution |
| Co-applicant Income | Minimum ₹15,000 monthly income (co-applicant, e.g., parent) |
| Credit Score | Minimum 650 preferred (co-applicant) |
| Course Type | Graduate, postgraduate, or vocational courses (domestic or international) |
Documents Required for Education Loan in Gurugram
- Identity Proof: Aadhaar Card, PAN Card, or Passport (student and co-applicant).
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Gurugram address).
- Academic Documents: Admission letter, fee structure, mark sheets (10th, 12th, or degree).
- Income Proof: Co-applicant’s salary slips (last 3 months) or ITR (last 2 years).
- Bank Statement: Last 6 months’ bank statements (co-applicant).
- Photographs: 2 passport-sized photographs (student and co-applicant).
Benefits of Education Loan in Gurugram
- Competitive interest rates starting at 9% per annum in 2025.
- Loan amounts up to ₹50 lakh for domestic or international studies.
- Quick disbursal within 7 days from lenders like SBI in Gurugram.
- Moratorium period (course duration + 6 months) with no repayment.
- Tax benefits under Section 80E on interest paid.
Factors Affecting Education Loan in Gurugram
Interest Rate
Rates range from 9% to 12%, depending on course type, institution, and co-applicant’s credit score.
Loan Amount
Lenders offer up to ₹50 lakh based on course fees and co-applicant’s income in Gurugram.
Credit Score
A co-applicant score above 650 ensures better terms in Gurugram.
Course and Institution
Recognized institutions and professional courses get higher loan amounts.
How to Apply for an Education Loan in Gurugram
Follow these steps to apply for an education loan in Gurugram through Loanpao:
- Visit loanpao.in and select "Education Loan in Gurugram."
- Fill out the online application form with your details (name, Gurugram address, course details).
- Upload required documents (Aadhaar, admission letter, co-applicant’s income proof).
- Compare offers from top Gurugram lenders like SBI, HDFC Credila, and Axis Bank.
- Get approval and funds disbursed within 7 days in Gurugram.
Loan Eligibility for Education Loan in Gurugram
Check your eligibility for an education loan in Gurugram with Loanpao’s eligibility tool:
- Enter co-applicant’s monthly income (minimum ₹15,000).
- Provide co-applicant’s credit score (preferably above 650).
- Specify your admission details (institution, course, and fees).
- Include your Gurugram address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best education loan offers in Gurugram.
Check Eligibility NowTrack Your Education Loan Application in Gurugram
Loanpao provides a seamless tracker for your education loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Gurugram.
- Contact Loanpao support for assistance with delays in Gurugram.
Education Loan Comparison in Gurugram
Compare education loan offers from top lenders in Gurugram:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 9% p.a. | Up to ₹50 lakh | Up to 15 years | ₹10,000 |
| HDFC Credila | 9.5% p.a. | Up to ₹40 lakh | Up to 12 years | 1% of loan amount |
| Axis Bank | 10% p.a. | Up to ₹30 lakh | Up to 10 years | 1.5% of loan amount |
Frequently Asked Questions
The minimum monthly co-applicant income required is ₹15,000 for an education loan in Gurugram.
Interest rates for education loans in Gurugram start at 9% per annum, depending on the lender.
Education loans in Gurugram can be disbursed within 7 days after application submission.
Yes, education loans in Gurugram cover both domestic and international studies at recognized institutions.
The moratorium period is the course duration plus 6 months, during which no repayment is required.
Yes, interest paid on education loans is eligible for tax deductions under Section 80E of the Income Tax Act.
Missing an EMI can lead to late fees, a negative impact on your credit score, and potential legal action by the lender.
Top lenders in Gurugram for education loans include SBI, HDFC Credila, and Axis Bank, offering competitive rates and quick disbursal.
Yes, Loanpao offers a fully online application process for education loans in Gurugram.
The maximum loan amount for an education loan in Gurugram can go up to ₹50 lakh, depending on the lender and course fees.