Personal Loan for Higher Education

Personal Loan for Higher Education

Loan up to 30 Lakh | Attractive Interest Rates | Quick Approval

All parents always want the best for their children and offering them the best in higher education from a prestigious institution is often a dream of many. However, the fees of educational institutions nowadays are skyrocketing, which makes it difficult for some to afford quality education for their children.

Fortunately, with a Personal Loan for Higher Education from Poonawalla Fincorp, you can apply for an education loan for abroad studies in a hassle-free manner. Finance your child’s education by covering the cost of living, course fees, course materials, emergency funds, etc. Furthermore, our Personal Loan comes with a high loan amount, flexible repayment tenure, and attractive interest rates, allowing you to provide the best education for your children.


Our Personal Loan for Higher Education comes with favourable interest rates, starting from just 9.99% per annum. So, you can rest assured that your children receive the education they deserve without any financial stress. You can check for further details on the loan below:

Personal Loan Interest Rates 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹30 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Anyone can submit a Personal Loan application online for higher education from Poonawalla Fincorp. You just have to meet the simple eligibility criteria, which are as follows:

  • Age: The age of the applicant should be between 24 to 57 years when applying for the loan.
  • Citizenship: Applicant should hold an Indian citizenship.
  • Employment: The applicant must have a full-time job.
  • Working Experience: Applicant must have work experience of at least 1 year and a minimum experience of one month in the current company.
  • Monthly Income: Applicant’s net monthly take-home salary should be at least ₹30,000.

Personal Loan For Higher Education Eligibility Criteria

Age Requirement


Citizenship Status


Work Experience logo

Work experience

Employment Required

Employer Category

Monthly Salary Required

Monthly Income

Our Personal Loan for Higher Education comes with minimum documentation, ensuring a smooth application process. You are required to submit the following documents for verification:

  • KYC Documents

    KYC documents

  • Income Proof

    Address Proof

  • Income Proof

    Employment Proof

  • Address Proof

    Income documents

  • Proof of Employment

    Financial documents

Every parent wants to see their child climbing the stairs of success through access to quality education. With our Personal Loan for Higher Education, you can accomplish this dream easily.

Here are some benefits of a Personal Loan for Higher Education Loan:

  • Collateral-free Loan: Our Personal Loan for Education is unsecured. Hence, you don’t have to provide any assets as a mortgage.
  • High Loan Amount: Get a loan amount of up to ₹30 Lakh and take care of financing the course fees, living expenses, emergency funds, etc.
  • Attractive Interest Rates: Our Personal Loan for Education is offered at low-interest rates, ensuring affordable EMIs.
  • Minimal Documentation: Applying for a Personal Loan with us is very easy. You only need to submit the required documents when applying online.
  • Easy and Hassle-Free Process: You can quickly and easily apply for our loan through a simple online process.
Semi Circle Logo
Laptop Logo

Apply Online

Click on ‘Apply Now’ and complete the application form

Semi Circle Logo
Quick approvals

Personal Details

Enter your DOB, qualification, and residential details

Semi Circle Logo
Application Verification


Submit and upload all details for verification and assessment

What is the maximum amount of Personal Loan I can get for education?

The maximum amount offered by Poonawalla Fincorp for Personal Loans for Higher Education is ₹30 Lakh.

How can I get a Personal Loan for studying abroad?

To get a Personal Loan for studying abroad from Poonawalla Fincorp, you can visit the official website and click on “Apply now”. Please refer to the steps mentioned above for the same.

Who is eligible for Poonawalla Fincorp’s education loan?

Anyone who meets our eligibility criteria for a Personal Loan for Higher Education is eligible to apply for a Personal Loan for Higher Education.

*Terms & Conditions Apply

Explore Types of our Personal Loan Arrow Logo

Insightful Personal Loan Blogs Arrow Logo

Online Personal Loan Insights
Where Can I get a Personal Loan Online?

Unlike a secured loan, a personal loan allows you to borrow money without having to pledge collateral. For those who do not want to risk

Benefits of Personal Loan EMI Calculator
Top 5 benefits of using a Personal Loan EMI Calculator

A personal loan is an unsecured loan. It lets you borrow funds from a lending institution without pledging any collateral or asset like animmovable property,

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp