Education Loans with LoanPao

LoanPao’s education loans empower Indian students to pursue higher education in India in 2025. Covering tuition fees and study materials, our loans offer affordable rates, government subsidies, and flexible repayment options tailored for students. With a network of 500+ RBI-compliant lenders, LoanPao ensures a seamless borrowing experience. For international studies, explore our International Education Loan.

What is an Education Loan?

An education loan is a financial product designed for Indian students admitted to recognized institutions in India. It covers tuition fees, examination fees, and study materials for undergraduate, postgraduate, or vocational courses. LoanPao connects students with lenders offering subsidized rates (as low as 8.5% p.a.) and moratorium periods (course duration + 6-12 months). Unlike personal loans, education loans often have lower interest rates and government-backed subsidies. Check your eligibility with our Education Loan Eligibility Calculator.

Benefits of LoanPao’s Education Loans

  • Affordable Loan Amounts: Borrow up to ₹20 lakh to cover course costs.
  • Subsidized Rates: Interest rates starting at 8.5% p.a., with government subsidies for eligible students.
  • Moratorium Period: No repayments during study period (course duration + 6-12 months).
  • Flexible Tenure: Repayment up to 10 years, easing post-graduation burden.
  • No Collateral for Small Loans: Loans up to ₹7.5 lakh are typically unsecured.
  • Fast Processing: Approvals within 3-5 days, ensuring timely admissions.

Eligibility Criteria

To qualify for a LoanPao education loan, you should meet:

  • Indian citizenship with a valid passport or Aadhaar.
  • Confirmed admission to a recognized Indian institution (offer letter required).
  • Age between 18 and 35 years.
  • Co-applicant (parent/guardian) with stable income (minimum ₹4 lakh p.a.).
  • CIBIL score of 700+ for co-applicant (student’s score optional).
  • Academic record with 60%+ in Class 12 or undergraduate studies (if applicable).
  • Valid KYC documents (Aadhaar, PAN) for student and co-applicant.
  • Active bank account for disbursal and EMI payments.

Check co-applicant eligibility via our CIBIL login or contact us at info@loanpao.in.

How to Apply

Applying for an education loan with LoanPao is straightforward:

  1. Complete the Form: Fill out the online form below with student and co-applicant details.
  2. Submit KYC: Provide Aadhaar, PAN, and admission letter.
  3. Upload Documents: Share fee structure, academic records, and co-applicant income proof.
  4. Lender Matching: Our platform connects you with 500+ RBI-compliant lenders.
  5. Receive Funds: Get approval in 3-5 days and funds disbursed directly to the institution or account.

Start now by filling the form below or call +91-971-769-5334 for guidance.

Why Choose LoanPao for Education Loans?

LoanPao is the ideal partner for students studying in India:

Student-Focused

Loans tailored for Indian education with subsidies and moratorium periods.

Wide Lender Network

Access 500+ RBI-compliant banks and NBFCs for competitive offers.

Secure & Transparent

SSL encryption and RBI-compliant processes protect your data.

Frequently Asked Questions

It covers tuition fees, examination fees, and study materials for courses in recognized Indian institutions.

Yes, schemes like the Central Sector Interest Subsidy (CSIS) offer interest waivers during the moratorium for eligible students (family income < ₹4.5 lakh p.a.).

Loans up to ₹7.5 lakh are typically unsecured; higher amounts may require collateral like property or fixed deposits.

Yes, most lenders allow early repayment with no or minimal prepayment charges after the moratorium.

Apply for an Education Loan

Fill out the form below to explore education loan options. Our team will contact you within 24 hours.