Education Loan :Bridge To Your Academic Ambitions
Compare, choose & apply to 20+ elite banks via Mysto platform. Experience the seamless process and get competitive interest rates.
Check Out Bank Offers from Multiple Banks
Check out elite banks and finance companies offering various types of education loan facilities. Get special interest rates, lower processing fees and extended tenure on education loans. Mysto advisors should assist you throughout the process to make processes faster and smoother.
Get Education Loans Up to ₹3 Cr with Quick Digital Processing!
Choose secured or unsecured loans from top Indian banks. Check eligibility in minutes and get approval in days.
Education Loan Process
Simplify your education loan process with Mysto! Our digital tool streamlines applications, eliminates paperwork, and removes delays. Compare options, upload documents, and track progress—all in one place. Mysto advisors are at support throughout the process.
Check Eligibility
Create Loan Proposal on dashboard, submit information & documents and get a quick primary assessment in hours time from multiple lenders.
Submit Application
Submit application to multiple lenders in single request.
Get Approvals
Get quick outcomes, compare the offers, negotiate and choose the best one.
Accept Offer
Complete the formalities and accept the loan offer. Get disbursement.
Check Eligibility
Create Loan Proposal on dashboard, submit information & documents and get a quick primary assessment in hours time from multiple lenders.
Submit Application
Submit application to multiple lenders in single request..
Get Approvals
Get quick outcomes, compare the offers, negotiate and choose the best one.
Accept Offer
Complete the formalities and accept the loan offer. Get disbursement.
Frequently Asked Questions
Discover answers to commonly asked questions by students on education loans and its processes. For personalized assistance and detailed queries, connect with our expert advisors.
Eligibility criteria typically include being an Indian citizen, having secured admission to a recognized foreign university, having a good academic record, and meeting the bank's income criteria. Some banks may also require a co-applicant, usually a parent or guardian.
The loan amount varies depending on the bank and the course. Generally, banks offer loans up to the entire cost of education, including tuition fees, travel, and living expenses. Some banks may have a cap on the maximum amount. Currently education loans are available up to 3 Crore depending on the student profile, institution profile and repayment capacity of borrowers/co borrowers and other various factors.
Commonly required documents include proof of admission, academic records, identity proof, address proof, income proof of the co-applicant, and any collateral if applicable.
Interest rates vary between banks and can be either fixed or floating. It’s important to compare rates from different banks and choose the one that best suits your needs.
Collateral requirements depend on the loan amount and the bank’s policies. For higher loan amounts, banks may require collateral like property or fixed deposits. For smaller amounts, some banks may offer unsecured loans. It also depends on the course and admission you have opted for, eg. if you have secured admission in highly ranked institutions, which are listed with the banks, there are fair chances of getting unsecured loans.
