Education Loan: Planning the Cost of Higher Education

Education loans enable students to pursue higher academic degrees at accredited domestic and international universities.

Key Features of Education Loans

• Comprehensive Coverage: Funding tuition fees, laboratory costs, hostel accommodation, and travel expenses.
• Moratorium Period: Repayment holiday during course duration plus a grace period (typically 6–12 months post completion).
• Financial Co-Borrower: A parent, guardian, or earning relative acts as a joint co-borrower.

Unsecured vs Secured Options

• Unsecured Student Credit: Available for premier merit-listed institutions based on course ranking and co-borrower income.
• Collateral-Backed Credit: Required for higher loan limits or non-listed overseas institutes.

Note: Moratorium guidelines and margin requirements depend on course classification and lender policy.