Education Loan
Explore Your Options
Invest in the Future
WITH AN EDUCATION LOAN
Let your kids choose their Future wisely with the right financial support.
In India, the majority of choice of education is impacted by just the lack of the appropriate amount of funds. At Dravinam we took the initiative to ease it with the help of the right choice of Education Loans. We give your child the wings to fly!
Eduwanse Education Loan
RATE OF INTEREST
15% – 25%
PROCESSING FEES
1% – 2%
LOAN AMOUNT
20 k – 20 Lacs
CIBIL SCORE
NA
HDFC Education Loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 1.5%
LOAN AMOUNT
1 Lacs – 5 cr
CIBIL SCORE
650
Finance Peer Education Loan
RATE OF INTEREST
10.5% – 11.5%
PROCESSING FEES
1% – 1.5%
LOAN AMOUNT
10 k – 20 Lacs
CIBIL SCORE
NA
IDFC Education Loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 2%
LOAN AMOUNT
1 Lacs – 1 cr
CIBIL SCORE
NA
Kotak Mahindra Bank Education Loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 1.5%
LOAN AMOUNT
1 Lacs – 5 cr
CIBIL SCORE
NA
ICICI Bank education loan
RATE OF INTEREST
1.5% Onwards
PROCESSING FEES
1% – 2%
LOAN AMOUNT
10 k – 20 Lacs
CIBIL SCORE
650
Canara Bank eduction loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 1.5%
LOAN AMOUNT
1 Lacs – 5 cr
CIBIL SCORE
NA
Bank of Baroda education loan
RATE OF INTEREST
16% Onwards
PROCESSING FEES
1% – 2%
LOAN AMOUNT
10 k – 20 Lacs
CIBIL SCORE
650
Karur Vysya Bank education loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 1.5%
LOAN AMOUNT
1 Lacs – 5 cr
CIBIL SCORE
NA
Federal Bank education loan
RATE OF INTEREST
11% – 14%
PROCESSING FEES
1% – 2%
LOAN AMOUNT
10 k – 20 Lacs
CIBIL SCORE
650
EDUCATIONAL LOAN PROCESS
Brighten Up Your Child’s Future in Just 4 Easy Steps
If your Education Loan Approval is time-consuming, it could hamper your chances of pursuing your dream course. Hence, we have made the process easy and quick for all our applicants.
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
Eligibility To Apply For An Education Loan
Applying For Educational Loan Eligibility And Criteria
SECURED ADMISSION:
Applicants should have secured admission to a college or university affiliated with the University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Government etc.
FULL TIME COURSE:
Full-time students must be accompanied by a co-applicant, who can be either a parent or guardian or spouse.
CO-APPLICANT:
The Co-applicant must have a regular and reliable source of income
RESIDENT: Applicant must be an Indian Resident
AGE CRETERIA: Applicants must be between 18 and 35 years of age when applying for a loan.
EDUCATION: Applicants must be undergoing a graduate/postgraduate degree or a PG diploma.
Keep The Right Documents By Your Side For A Smoother Process
Required Documents
KYC of an applicant consist of the following documents
PAN Card
Aadhaar Card
Driving Licence
Voter ID
Passport
FAQ
Our Effective Loans
Services & Solutions
An education loan is the best financial aid for pursuing further studies abroad or nationwide. A student can avail of an education loan that will cover the finances of his/her overall educational needs, that includes tuition fees, hostel fees, etc.
If you fail to repay your education loan, the lender will send reminders to you and your guarantor. Failure to heed the warnings will result in loan default, negatively impacting your credit score. Ultimately you won’t be able to get any further loans in the future.
Yes, it is possible to cancel an education loan even after its approval. However, you must be familiar with the requirements to follow to cancel the education loan. You must present certain proof in addition to fulfilling certain requirements to satisfy those particular requirements.
The answer is Yes, only if you meet the conditions for a second education loan. You have the option of getting this loan from the same bank from where you took the first loan or even look for a different lender.