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Most public sector banks and private banks provide education loans to students for pursuing higher professional or technical programs abroad. Sanctioned loan can be used to cover university fees, purchase of books, equipment, travel expenses and purchase of computers. Students are advised to take loans preferably from a nationalized bank. The terms & conditions for educational loans may vary from bank to bank.


  • Should be an Indian National;
  • Secured admission to professional/technical courses in India or Abroad through Entrance Test/Merit based selection process.
  • Good academic career.
  • Student should not have an outstanding education loan from any other Institution.
  • Father/Mother should be co-borrower.
  • Branch nearest to the permanent residence of student will consider the loan.

Studies in India (Indicative list) :

  • Graduation/ Post Graduation courses
  • Professional courses: Engineering, Agriculture, Management, Computer
    Courses conducted by institutes set up by Central/State Govt.
  • Other courses leading to diploma/degree, etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ ICMR, etc.

Documents required by banks for extending education loans


Documents Required to Apply for Educational Loan


Admission letter of the Educational Institute giving details of fee, boarding and lodging expenses. Letter confirming scholarship, if any.


Attested copies of documents for the proof of age/date of birth and proof of residential address.


Passport size photo of the applicant, co-applicants and guarantors.


Copy of the PAN card of student and parents of borrower


Copy of marks-sheets/degree/ certificates of previous academic qualifications.


Income proof/latest income tax return of parents/co- applicants, guarantors. (if any)


Details/statements of Bank accounts held by the student applicant/co- applicant(s)/guarantors (if any) for the last six months.


Details of collateral security along with valuation certificate of Govt approved valuer (if any). (In case of loan amounting to more than Rs: 4.00 Lacs)

Banks in India providing Educational Loans
Following are some of the premier banks of India that are providing educational loans. Click on the banks to know the details.