Corprise Financial services offer you Education Loans for pursuing studies both in India and abroad starting from Rs. 50,000 at attractive interest rates. With our Education Loan you can enjoy a host of benefits such as simple and minimum documentation, quick loan disbursal, tax benefit, long repayment tenure etc.
Apply for loanStudents who would like to pursue education in India can apply for this loan. The loan will get approved only if the applicant is admitted to an Indian educational institution and meets all other loan obligations.
Such loans help students fulfil their dream of pursuing the course of their choice in a foreign institution. The loan covers the airfare, accommodation, and tuition fee for students who wish to study abroad only if they fulfil the eligibility criteria.
Undergraduate student loans can be availed by individuals who have completed secondary education and wish to undertake a three or four-year course to enhance their job opportunities.
Professional / graduate student loans can be availed by students who wish to pursue advanced degrees or higher education at colleges across the country. An undergraduate course must be completed in order for the student to apply for a graduate student loan.
Career education loans can be availed by students who wish to attend undergraduate career-oriented programs at trading and technical schools and colleges across the country.
Students who were unable to avail of regular degree programmes can avail of certificate courses which have a duration ranging from 6 months to 2 years depending on various courses.
The maximum education loan amount for higher education is Rs. 75 lakhs. The amount of an education loan depends on the case of the applicant.
Tax exemption under section 80E can be availed by self, spouse, parents or legal guardian of the individual holding an education loan account.
The parent(s) or guardians of the student are treated as a co-applicant of the student loan. His or her role would be as a primary debtor.
Here is the list of documents that a student needs to provide while applying for an education loan:
If you’re pursuing a post-graduation course, you can apply for a loan with a co-applicant/co-signer without income in case you have a minimum of three years of work experience.
After the submission of all the documents and subsequent approval of the same, you can expect the loan to be disbursed as early as 24 working hours.
Yes, you can pre-close your loan anytime.
Several approved courses are there including graduation programmes, post-graduation programmes and even post-graduation diplomas from colleges/universities recognised by UGC / AICTE / Government / AIBMS / ICMR, and other bodies.
Most of the job-oriented degree or post-graduate diploma/professional courses offered by reputed institutes are considered for student loans.
The fee payable for the college and hostel, along with the examination fee, library fee, laboratory fee, travel expenses, the insurance premium for the student, purchase of books, equipment and instruments, purchase of a computer at a reasonable cost if required, and other expenses required for the completion of the course like study trips, projects and thesis.
Yes, your travel expenses along with visa expenditure are all included as part of the loan.
To apply for your required loan scheme, provide the necessary details in the application form below.
