Overview of Education Loan in Pataudi, Haryana
Education loans in Pataudi, Haryana, support students pursuing higher education in India or abroad. In 2025, these loans offer amounts up to ₹20 lakh for domestic studies and ₹40 lakh for international studies, with interest rates starting at 9.0% p.a. Lenders like SBI, HDFC Bank, and Axis Bank provide tenures up to 15 years. Loanpao helps Pataudi residents compare education loan offers, check eligibility, and apply online for quick approval.
Eligibility Criteria for Education Loan in Pataudi
| Criteria | Details |
|---|---|
| Age | 18–35 years (student) |
| Admission | Confirmed admission in recognized institute (India/abroad) |
| Residence | Valid Pataudi address proof |
| Credit Score | Co-borrower (parent/guardian) preferably above 700 |
| Co-borrower Income | Stable income of parent/guardian (salaried/self-employed) |
Documents Required for Education Loan in Pataudi
- Identity Proof: Aadhaar, PAN Card, or Voter ID (student and co-borrower).
- Address Proof: Utility bill, Aadhaar, or rental agreement (Pataudi address).
- Admission Proof: Admission letter, fee structure, or course details.
- Income Proof: Salary slips (last 3 months) or ITR (last 2 years) of co-borrower.
- Bank Statement: Last 6 months’ bank statements of co-borrower.
- Academic Records: Mark sheets of 10th, 12th, or degree (if applicable).
Benefits of Education Loan in Pataudi
- Loan amounts up to ₹20 lakh (domestic) or ₹40 lakh (international).
- Competitive interest rates starting at 9.0% p.a. in 2025.
- Long tenures up to 15 years with moratorium period (course duration + 1 year).
- Covers tuition, hostel, books, and travel expenses for international studies.
- Tax benefits under Section 80E for interest paid.
Factors Affecting Education Loan in Pataudi
Course and Institute
Recognized institutes and professional courses improve loan approval chances.
Co-borrower’s Credit Score
Scores above 700 for parents/guardians ensure better rates.
Loan Amount
Higher amounts for international studies may require collateral.
Repayment Capacity
Co-borrower’s income stability affects eligibility in Pataudi.
How to Apply for an Education Loan in Pataudi
Follow these steps to apply for an education loan in Pataudi through Loanpao:
- Visit loanpao.in and select "Education Loan in Pataudi, Haryana."
- Complete the online application with student and co-borrower details.
- Upload required documents (admission letter, income proof, Aadhaar).
- Compare offers from Pataudi lenders like SBI and HDFC Bank.
- Get approval and funds disbursed within 7–10 days in Pataudi.
Loan Eligibility for Education Loan in Pataudi
Check your eligibility for an education loan in Pataudi with Loanpao’s tool:
- Confirm student age (18–35 years).
- Verify admission in a recognized institute.
- Provide Pataudi address proof.
- Check co-borrower’s credit score (preferably above 700).
- Confirm co-borrower’s stable income.
Loanpao will assess your eligibility and suggest the best education loan offers in Pataudi.
Check Eligibility NowTrack Your Education Loan Application in Pataudi
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 Pataudi.
- Contact Loanpao support for assistance with delays in Pataudi.
Education Loan Comparison in Pataudi
Compare education loan offers from top lenders in Pataudi:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 9.0% p.a. | Up to ₹20 lakh (domestic), ₹40 lakh (international) | Up to 15 years | ₹10,000 (flat) |
| HDFC Bank | 9.25% p.a. | Up to ₹15 lakh (domestic), ₹30 lakh (international) | Up to 12 years | 0.5% of loan amount |
| Axis Bank | 9.5% p.a. | Up to ₹10 lakh (domestic), ₹25 lakh (international) | Up to 10 years | 0.75% of loan amount |
Frequently Asked Questions
Tuition fees, hostel charges, books, equipment, and travel expenses for international studies.
Yes, repayment starts after the course duration plus 1 year.
Up to ₹20 lakh for domestic studies and ₹40 lakh for international studies.
Collateral may be required for loans above ₹7.5 lakh, depending on the lender.
Yes, interest paid on education loans is eligible for tax deduction under Section 80E.