Get a Quick Education Loan Online
Get up to ₹3 Crore at competitive interest rates with online application, minimal documentation, quick approval, and zero hidden charges. Apply now!
Why Choose Poonawalla Fincorp
Optimise Your Education Loan Experience
With Monthly Budget Planning
Get exclusive offers thoughtfully customised just for you
Meet our simple eligibility criteria to qualify:
- Age
- Applicant: 16 – 50 Years
- Financial Co-applicant:
- Salaried 21 – 60 years
- Self-employed: 21 to 65 years
- Non-financial Co-applicant: 21 – 80 years
- Citizenship: Indian, OCI (Overseas Citizen of India)
- For Pursuing:• Higher education in India, Abroad
- Study Location
- USA
- United Kingdom, Ireland, Australia, Sweden, Spain, France, Germany, New Zealand, Singapore, UAE, Philippines, Canada, other European countries
- India
- Loan Amount With Collateral:
- Domestic Studies – Up to ₹3 Crore
- International Studies - Up to ₹3 Crore
- Co-applicant:
- Parents
- Parents-in-law
- Siblings
- Spouse
- First Cousins
- Parents' Siblings
Submit a few necessary documents to successfully apply for a Education Loan:
- Applicant/Student
- KYC documents
- Institute Admit Letter (if available)
- Entrance Test Results (if available)
- Past Academics
- Co-applicant Documents
- KYC
- Employment
- Financials:
- Salaried: Bank Statement, Pay slip, Form 16
- Self-employed: Bank statement, ITR, GST Surrogate
Get the loan at an attractive interest rate and minimal charges:
- Floating rate loans: Nil
- Fixed rate loans: 2% (plus GST) charge on the outstanding amount being foreclosed/prepaid
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
- Unsecured Education Loan
- Partially Secured Education Loan
- Secured Education Loan
Get Funds Quickly With
Minimal Documentation
Happy customers, happy us
My loan application journey with Poonawalla Fincorp was smooth and well-explained. The team demonstrated strong product knowledge and guided me clearly at every step. They were highly responsive, addressing my queries promptly and ensuring clarity throughout. The turnaround time was reasonable, with the process completed efficiently and without delays. Overall, I am very satisfied with the experience and truly appreciate the team's support and assistance.
My experience with Poonawalla Fincorp for my Education Loan was seamless and hassle-free. Their clear guidance, proactive communication, and transparent process made everything, from documentation to approval, disbursement, and even FOREX transfer, smooth and timely. The digital platform was easy to use, and their professionalism gave me complete confidence. I chose Poonawalla Fincorp for their supportive, customer-first approach, which enabled me to pursue my MBA at the University of Oxford without financial stress. I highly recommend their education loan products to any student seeking reliable financial assistance.
My education loan journey with Poonawalla Fincorp was seamless and stress-free from start to finish. The team demonstrated excellent product knowledge, explained the process clearly, and guided me through every step with transparency. Their responsiveness and proactive communication ensured that my queries were always addressed promptly, leaving no room for confusion or delay.The turnaround time was impressive! The team's professionalism, polite nature, and dedication to customer satisfaction truly stood out and made the experience even better. I am delighted with the service and would wholeheartedly recommend Poonawalla Fincorp to anyone seeking an education loan. Their supportive approach, timely processing, and customer-first attitude make them a trusted financial partner.
Get exclusive access to simplified
Personal Finance Information at
Poonawalla Fincorp’s
FinHub
Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s
FinHub
Frequently Asked Questions
Yes, eligible applicants may be able to avail an unsecured Education Loan from Poonawalla Fincorp. Loan approval, amount, and terms depend on eligibility criteria and the applicant's profile.
If your Education Loan application is rejected, the lender will typically inform you of the reason, such as insufficient eligibility, incomplete documentation, low co-applicant income, or not meeting the lender's criteria. You can review the reason for rejection, address the issues if possible, and reapply.
Yes, employed individuals can apply for an Education Loan if they meet the lender's eligibility criteria. A student loan can help finance eligible higher education programmes in India or abroad, subject to the lender's assessment, documentation requirements and approval.
Yes, your credit score is an important factor considered during the loan assessment process. Along with academic and financial details, it can play a role in determining the eligibility for an Education Loan in India.
Yes, Education Loan prepayment or partial repayment may be allowed as per the lender's policy. Making an early repayment of the Education Loan can help lessen the outstanding balance and the overall interest payable.
The Education Loan can be used for higher education in India and abroad across various courses
Yes, you are eligible for a full education loan for your higher studies with Poonawalla Fincorp. We provide a loan amount of up to ₹3 Crore for pursuing higher education abroad.
The loan amount offered by Poonawalla Fincorp for higher education is as follows:
1. Domestic Studies
- Up to ₹3 Crore with collateral
- Up to ₹1 Crore without collateral
2. International Studies
- Up to ₹3 Crore with collateral
- Up to ₹2 Crore without collateral
Yes, this education loan will cover the entire Cost of Education including Tuition Fee, Living Expenses, Travel expense, Laptop, Study Material, Insurance and other related expenses.
Yes, moratorium during the course period + up to 1 year grace for principal/interest repayment can be availed, this option will be extended based on the Institute of selection.
Parents, Parents-in-law, Siblings, Spouse, First Cousins, Parents' Siblings can be your co-applicants. You can add up to 5 co-applicants on your education loan.
We have a complete digital application process; you can apply for a loan online and a PFL representative will contact you shortly.
Yes, you can get a Pre-approved Sanction Letter based on your entrance test scores or your Co-applicant profile.
Tenure of up to 15 years including course period and moratorium is available.