Empower Your Dreams With
An Education Loan

Up to ₹1 Crore| Online Application| Quick Approval

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!

  • Instant Sanction for Select Institutes
  • Unsecured loan up to ₹1 Cr
  • Flexible Repayment
  • Covers 2000+ Institutes across wide range of courses
  • Competitive Interest Rate
  • 100% Digital Process
  • Quick Approval
  • Minimal Documentation
  • Zero Hidden Charges

Get the loan at an attractive interest rate and minimal charges:

Interest Rate 11.25%* p.a. onwards
Loan Amount From ₹1 Lakh to ₹3 Crore
Loan Processing Fees Up to 2%+ GST subject to Min. ₹5000
Maximum Tenure Up to 15 years
Foreclosure/Prepayment Charges Floating rate loans: Nil
Fixed rate loans: 2% (plus GST) charge on the outstanding amount being foreclosed/prepaid
Delayed Penal Charges Up to 2% per month
Cheque/ Direct Debit /Automated Clearing House (ACH) Mandate Dishonour Charge ₹500/- per Dishonour of Cheque/ Direct Debit /ACH Mandate return per presentation
Stamp Duty At actuals (as per state)
Hidden Charges Nil

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

Submit just a few essential documents:

  • 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

1. Unsecured Education Loan
2. Partially Secured Education Loan
3. Secured Education Loan

What are the courses for which I can get an Education Loan?

The Education Loan can be used for higher education in India and abroad across various courses

Can I get a 100% Education Loan for study abroad?

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.

What is the loan amount offered for an Education Loan by Poonawalla Fincorp?

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
Will this Education Loan cover all my expenses?

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.

Is there a moratorium period that can be availed for Education Loan?

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.

Who can be a co-applicant on my education loan?

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

Do I have to visit a PFL Branch to apply for an education loan?

We have a complete digital application process; you can apply for a loan online and a PFL representative will contact you shortly.

Can I get a sanction letter before I have finalized my study institute?

Yes, you can get a Pre-approved Sanction Letter based on your entrance test scores or your Co-applicant profile

What is the maximum tenure available for PFL education loan?

Tenure of up to 15 years including course period and moratorium is available.

*Terms & Conditions Apply

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