Get a Quick Education Loan Online
Fulfil your dream of higher education within India and Abroad with the right financial support. Our Education Loans cover all expenses including Tuition Fees, Living Expenses, Travel Expenses, Insurance, Study materials and any other related expenses.
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
Apply for a Education Loan in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Eligibility Criteria of an Educational Loan
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 ₹50 Lakh
- International Studies - Up to ₹3 Crore
- Co-applicant:
- Parents
- Parents-in-law
- Siblings
- Spouse
- First Cousins
- Parents' Siblings
Documents Required for an Educational Loan
Submit a few necessary documents to successfully apply for a Personal 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
Education Loan Interest Rate and Charges
Get the loan at an attractive interest rate and minimal charges:
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
Types of Education Loan
- Unsecured Education Loan
- Partially Secured Education Loan
- Secured Education Loan
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
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:
- Domestic Studies – Up to ₹50 Lakh
- International Studies –
- Up to ₹3 Crore with collateral
- Up to INR 1 Cr. 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.