Overview of Education Loan in Jewar
Education loans in Jewar, a developing educational hub near Noida International Airport, support students pursuing higher studies in India or abroad. In 2025, access loans up to ₹50 lakh with interest rates starting at 8% p.a. and tenures up to 15 years. Loanpao partners with lenders like SBI, Bank of Baroda, and Axis Bank for approvals within 7–15 days.
Eligibility Criteria for Education Loan in Jewar
| Criteria | Details |
|---|---|
| Applicant Type | Student (with co-applicant: parent/guardian) |
| Age | 18–35 years (student) |
| Admission | Confirmed admission in recognized institution (India/abroad) |
| Co-applicant Income | Minimum ₹3 lakh p.a. (salaried); ₹4 lakh p.a. (self-employed) |
| Credit Score | 700+ preferred for co-applicant |
| Collateral | Not required for loans up to ₹7.5 lakh; required above |
Documents Required for Education Loan in Jewar
- Identity Proof: Aadhaar, PAN Card, or Passport (student and co-applicant).
- Address Proof: Utility bill, Aadhaar, or rental agreement.
- Academic Records: 10th, 12th marksheets, degree certificates.
- Admission Proof: Offer letter from institution.
- Income Proof: Co-applicant’s salary slips (3 months), ITR (2 years).
- Collateral Documents: Property papers (if applicable).
- Photograph: Recent passport-size photographs (student and co-applicant).
Benefits of Education Loan in Jewar
- Competitive rates starting at 8% p.a. in 2025.
- Loans up to ₹50 lakh for domestic or international studies.
- Long tenures up to 15 years with moratorium period.
- Approvals within 7–15 days via Loanpao.
- Tax benefits under Section 80E of the Income Tax Act.
Factors Affecting Education Loan in Jewar
Interest Rate
Rates range from 8% to 12% p.a., based on course, institution, and co-applicant’s credit profile.
Institution Reputation
Loans for premier institutions (e.g., IITs, IIMs) may get lower rates.
Co-applicant Credit
Scores above 700 ensure better terms; lower scores may require collateral.
Course Type
Professional courses (e.g., MBBS, MBA) often qualify for higher amounts.
How to Apply for an Education Loan in Jewar
Follow these steps to apply for an education loan in Jewar through Loanpao:
- Visit loanpao.in and select "Education Loan in Jewar."
- Complete the application with student and co-applicant details.
- Upload documents (Aadhaar, admission letter, income proof).
- Choose a lender (e.g., SBI, Bank of Baroda) and loan amount.
- Receive approval and funds within 7–15 days post-verification.
Loan Eligibility for Education Loan in Jewar
Assess your eligibility for an education loan in Jewar with Loanpao’s tool:
- Input student details (age, course, institution).
- Provide co-applicant details (income, credit score).
- Specify study location (India/abroad).
- Receive instant eligibility results based on lender criteria.
Loanpao matches you with top education loan offers in Jewar.
Check Eligibility NowTrack Your Education Loan Application in Jewar
Loanpao provides a seamless tracker for your education loan application:
- Enter your application ID on the Loanpao Tracker page.
- View real-time status updates (e.g., document check, approved, disbursed).
- Receive notifications for fund disbursal in Jewar.
- Contact Loanpao support for assistance with delays.
Education Loan Comparison in Jewar
Compare education loan offers from top lenders in Jewar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8% p.a. | Up to ₹50 lakh | Up to 15 years | Up to ₹10,000 |
| Bank of Baroda | 8.5% p.a. | Up to ₹40 lakh | Up to 12 years | 0.5% of loan amount |
| Axis Bank | 9% p.a. | Up to ₹35 lakh | Up to 10 years | Up to 1% of loan amount |
Frequently Asked Questions
It covers tuition fees, accommodation, books, travel (for international studies), and other study-related expenses.
Approvals take 7–15 days, depending on document verification and lender policies.
Up to ₹50 lakh, based on course, institution, and co-applicant’s financial profile.
Collateral is not required for loans up to ₹7.5 lakh; above that, property or fixed deposits may be needed.
Yes, repayment starts after a moratorium period (course duration + 6–12 months).
Default may lead to legal action, seizure of collateral (if applicable), or credit score damage, per RBI guidelines.