Get Education Loan For Higher Studies
Hyderabad has established itself as a hub for quality education, with some of India’s finest institutions attracting students from across the country. Whether your child wants to pursue engineering at IIT Hyderabad or management studies at ICFAI, the financial commitment can be substantial. This is where an Education Loan in Hyderabad from Poonawalla Fincorp can play a pivotal role by turning your academic aspirations into tangible achievements. Apply now!
Education Loan in Hyderabad EMI Calculator
Our Education Loan EMI calculator helps you instantly estimate your monthly repayment amount. This helps you compare tenures and interest-rate scenarios and choose an option that fits your monthly budget.
Why Choose Poonawalla Fincorp
Apply for an Education Loan in Hyderabad
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.
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Below are the eligibility criteria you must meet to apply for an Education Loan in Hyderabad.
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 required documents to ensure a smooth and hassle-free Education Loan 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 for studies in Hyderabad at attractive rates and minimal charges:
|
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
For students in Hyderabad, securing an Education Loan offers a multitude of advantages:
- No collateral required for smaller loan amounts: Students from Hyderabad who want to study at Jawaharlal Nehru Technological University (JNTU) or Birla Institute of Technology and Science, Pilani (BITS Pilani), can access loans without pledging property. This makes the process faster and less cumbersome for middle-class families.
- Flexible moratorium periods: Most loans offer a moratorium during your studies plus a grace period after graduation, giving you time to secure employment.
- Manage rising education and living costs: With many students relocating to areas like Kondapur or Kukatpally for studies, an Education Loan can help cover accommodation, books, and other essential expenses.
- Flexible repayment options: Structured repayment schedules allow borrowers to align EMIs with expected earning capacity after completing their course.
- Preserves family savings: Instead of liquidating investments or using into emergency funds, families can maintain financial stability while supporting higher education goals.
You can visit our Poonawalla Fincorp branch in Hyderabad for any Education Loan inquiries. Below are the details:
- Address: Office No. G-1 to G-4, Ground Floor, Block ‘B’ Roxana Towers, H No.7-1-24/1/RT, Greenlands, Begumpet, Hyderabad - 500016
Contact No.: 1800-266-3201 (Toll Free)
Timings: 9:00 AM to 7:00 PM | Monday - Saturday (Closed on Sunday & Public holidays)
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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, students from Hyderabad can apply for education loans to study in countries such as the USA, the UK, Canada, Australia, Germany, and other recognised destinations, provided they meet the eligibility criteria.
Education loans often cover related expenses such as accommodation, books, and other academic costs, helping students relocating to education hubs in Hyderabad manage their budgets more effectively.
Most education loans offer a moratorium covering the course duration plus a grace period after completion, allowing students time to secure employment before starting full EMI payments.
Approval timelines vary based on documentation and verification, but digital processes can help speed up application review and decision-making.
Typically covered expenses include tuition fees, examination charges, books, equipment, travel (for overseas education), and sometimes living expenses, depending on the loan structure.