Overview of Education Loan in Noida
An education loan in Noida for 2025 empowers students to pursue higher education in India or abroad. As an educational hub, Noida offers access to top lenders like SBI, HDFC Bank, and Axis Bank, providing education loans with interest rates starting at 8% per annum and loan amounts up to ₹1.5 crore. Loanpao helps you compare offers, check eligibility, and apply seamlessly for an education loan tailored to Noida’s market.
Eligibility Criteria for Education Loan in Noida
| Criteria | Details |
|---|---|
| Age | 16 to 35 years |
| Residency | Resident of Noida with valid address proof |
| Co-applicant Income | Minimum ₹25,000 monthly (salaried) or ₹4 lakh annually (self-employed) |
| Academic Record | Minimum 60% in Class 10 and 12 |
| Course/Institution | Admission to recognized institutions (domestic or international) |
| Credit Score | Co-applicant’s score above 650 preferred |
Documents Required for Education Loan in Noida
- Identity Proof: Aadhaar Card, PAN Card, or Passport (student and co-applicant).
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Noida address).
- Income Proof: Co-applicant’s 6 months’ salary slips, 6 months’ bank statements, or 2 years’ ITR.
- Academic Documents: Class 10 and 12 mark sheets, admission letter, fee structure.
- Photographs: 2 passport-sized photographs (student and co-applicant).
Benefits of Education Loan in Noida
- Competitive interest rates starting at 8% per annum in 2025.
- High loan amounts up to ₹1.5 crore for domestic or international studies.
- Quick disbursal within 7-10 days from lenders like SBI in Noida.
- Moratorium period (course duration + 1 year) with no EMI during studies.
- Covers tuition, accommodation, and other study-related expenses.
Factors Affecting Education Loan in Noida
Interest Rate
Rates range from 8% to 11%, depending on the institution, course, and co-applicant’s credit score.
Loan Amount
Up to ₹1.5 crore, with collateral for loans above ₹7.5 lakh in Noida.
Credit Score
A co-applicant score above 650 ensures better terms in Noida.
Course Type
Professional courses (e.g., engineering, medicine) get better rates than non-professional ones.
Institution
Recognized institutions (e.g., IITs, IIMs, or reputed foreign universities) improve eligibility.
How to Apply for an Education Loan in Noida
Follow these steps to apply for an education loan in Noida through Loanpao:
- Visit loanpao.in and select "Education Loan in Noida."
- Fill out the online application form with personal and academic details (name, Noida address, course details).
- Upload required documents (Aadhaar, PAN, salary slips, admission letter, fee structure).
- Compare offers from top Noida lenders like SBI, HDFC Bank, and Axis Bank.
- Get approval and funds disbursed within 7-10 days in Noida.
Loan Eligibility for Education Loan in Noida
Check your eligibility for an education loan in Noida with Loanpao’s eligibility tool:
- Enter co-applicant’s monthly income (minimum ₹25,000).
- Provide co-applicant’s credit score (preferably above 650).
- Specify academic details (e.g., Class 12 marks, institution name).
- Include course details (e.g., domestic/international, course duration).
Loanpao will instantly assess your eligibility and suggest the best education loan offers in Noida.
Check Eligibility NowTrack Your Education Loan Application in 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 your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Noida.
- Contact Loanpao support for assistance with delays in Noida.
Education Loan Comparison in Noida
Compare education loan offers from top lenders in Noida:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8% p.a. | Up to ₹1.5 crore | Up to 15 years | ₹10,000 (max) |
| HDFC Bank | 8.5% p.a. | Up to ₹1 crore | Up to 15 years | 0.5% of loan amount |
| Axis Bank | 9% p.a. | Up to ₹75 lakh | Up to 15 years | 0.75% of loan amount |
Frequently Asked Questions
The minimum monthly income required for the co-applicant is ₹25,000 for salaried or ₹4 lakh annually for self-employed in Noida.
Interest rates for education loans in Noida start at 8% per annum, depending on the lender and course type.
Education loans in Noida can be disbursed within 7-10 days after application submission.
Collateral is typically required for loans above ₹7.5 lakh in Noida, but some lenders offer unsecured loans up to ₹40 lakh for reputed institutions.
The maximum tenure for an education loan in Noida is up to 15 years, including the moratorium period.
The moratorium period is the course duration plus 1 year, during which no EMI payments are required.
Yes, Loanpao offers a fully online application process for education loans in Noida.
Top lenders in Noida for education loans include SBI, HDFC Bank, and Axis Bank, offering competitive rates and quick disbursal.
Yes, education loans in Noida cover both domestic and international studies at recognized institutions.
Education loans cover tuition fees, accommodation, books, travel (for international studies), and other study-related expenses.