Get a Quick Education Loan in Delhi (NCR)
Delhi and the NCR is much more than just the capital of India; it’s home to some of our country’s most respected institutions, from Delhi University (DU) and JNU to IIT Delhi. For both domestic and international aspirants, managing the high financial costs of a quality education in this competitive environment can be a major challenge.
To manage such academic expenses, Poonawalla Fincorp’s Education Loan helps cover your academic journey in Delhi (NCR). The funding isn’t limited to tuition and library fees; it also helps with essential living costs like rent and travel. Our Education Loan frees you from financial stress and helps you concentrate only on your studies. Apply now!
EMI Calculator for Education Loan in Delhi (NCR)
You can calculate your monthly instalment amount with our EMI calculator. Just enter the loan amount, interest rate, and tenure, and your EMI will appear right away. Whether you’re pursuing a degree in Arts at Jamia Millia Islamia, studying engineering at Delhi Technological University, or heading abroad, this tool can help you manage your finances effectively.
Why Choose Poonawalla Fincorp
Apply for an Education Loan in Delhi (NCR)
Click on “Apply Now”
Fill out the online form to start your loan 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.
Get exclusive offers thoughtfully customised just for you
Below are the basic eligibility criteria you need to meet for an Education Loan in Delhi (NCR):
Age:
- Applicant: Between 16 and 50 years
- Financial Co-applicant:
- Salaried: 21 to 60 years
- Self-employed: 21 to 65 years
- Non-financial Co-applicant: 21 to 80 years
Citizenship: Indian, OCI (Overseas Citizen of India)
Study Location:
- India
- USA, Canada, Australia, New Zealand, Singapore, UAE, Philippines
- United Kingdom, Ireland, Sweden, Spain, France, Germany and other European countries
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 the following minimum documents for a smooth application process:
Applicant/Student Documents:
- 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
Secure your Education Loan at competitive rates:
|
Interest Rate |
11.25%* p.a. onwards |
|
Loan Amount |
₹1 Lakh to ₹3 Crore |
|
Loan Processing Fees |
Up to 2%+ GST subject to min. ₹5000 |
|
Loan Tenure |
Up to 15 years |
|
Prepayment/Foreclosure Charges |
• Floating rate loans: Nil • Fixed rate loans: 2% (plus GST) charge on the outstanding amount being foreclosed/prepaid |
|
Default Charges |
24% p.a. + taxes |
|
Repayment Instrument Dishonour Charges |
₹500 per bounce plus applicable taxes |
|
Stamp Duty |
At actuals (as per state) |
|
Hidden Charges |
Nil |
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
An Education Loan for students and families in Delhi (NCR) can offer the following practical benefits:
- Protecting Family Savings: An Education Loan lets you finance your studies without having to deplete your personal or family savings. This means funds remain available for family functions, healthcare needs, retirement planning, or any other milestone down the road.
- Making Top Institutes Accessible: With an Education Loan, you can fund your studies at top colleges in Delhi (NCR) like the All India Institute of Medical Sciences, National Institute of Fashion Technology, Lady Shri Ram College for Women, or even at other reputed colleges overseas.
- Funding Associated Costs: Besides tuition, funds from a study loan can also be used for hostel charges, PG or rented accommodation in areas like Dwarka, Gurugram, or Noida, as well as for laptops, books, and other study materials. This makes it easier to manage your overall cost of education and living.
- Allowing Income Stability Before Repayment: Education loans offer a moratorium period, allowing you to start repayments after your course ends, with some loans offering an additional grace period. This gives you time to complete your studies and secure a job before servicing the loan. Use our Moratorium Calculator to estimate your EMIs and plan.
- Building a Strong Credit History Early: For many students in Delhi, an Education Loan is their first step into formal credit. By paying your EMIs, you start building a positive credit profile, which can benefit you in the future when seeking financial support for other goals.
- Address: Plot No 11, 5th Floor, Prem Dohil Sadan, Rajendra Place, New Delhi -110008
Contact Number: 1800-266-3201 (Toll Free)
Timing: 9:00 AM to 7:00 PM | Monday - Saturday (Closed on Sunday & Public holidays)
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.
Frequently Asked Questions
Yes, Poonawalla Fincorp’s Education Loan is designed to support students from Delhi (NCR) who aspire to study not just in India, but also at leading institutions abroad. We provide funding for recognised courses in countries including the USA, UK, Canada, Australia, Germany, and many others across Europe and Asia.
Education Loan by Poonawalla Fincorp provides comprehensive financial support that goes beyond just tuition fees. It is designed to cover your complete academic journey, including hostel fees, expenses for a PG or rented flat in areas like Noida or Gurugram, costs for essential items like laptops and books, and other living expenses.
For loan amounts up to ₹1 Crore, we offer unsecured education loans, which means you do not need to provide any collateral. For higher loan amounts, particularly for courses at certain international universities, collateral may be required.
Poonawalla Fincorp offers flexibility in choosing a co-applicant to support your application. Eligible co-applicants include your parents, parents-in-law, spouse, siblings, first cousins, and your parents’ siblings.
At Poonawalla Fincorp, our application process is 100% digital and designed for speed and convenience. With minimal documentation, you can complete your application online in just a few steps. Once your documents are verified, the approval and disbursal process is typically very quick.
The moratorium is a period during which you are not required to pay your EMIs. This period covers the duration of your course plus an additional grace period. This allows you to focus on your studies and secure a job before your repayment responsibilities begin.
Yes, the interest you pay on your Education Loan is eligible for a tax deduction under Section 80E of the Income Tax Act. A key advantage is that there is no upper limit on the amount of interest you can claim as a deduction, which can lead to significant tax savings for the person repaying the loan.
The 12-month EMI waiver is a special benefit for borrowers with a long-term loan tenure. Specifically, this waiver is applicable for the last 12 months of a 15-year term loan, provided all previous EMIs have been paid on time.