Quick, easy & hassle free

Helping Student Build a Stronger Tomorrow

Award winning University Education loans

Education Loan From Borrow Rate Low Of Interest.

Features & Benefits of Loans

Here is an exhaustive list of all the fees and charges to be paid for the education loan.

High valueable loans

Max loan up to Rs. 10 lakh for studies in any university

Easy Loan Repayment

Maximum tenure up to 10 years for loans up to Rs. 7.50 lakhs

100% Transparency

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Quick and Easy Disbursals

Secure your loan

Attractive Rates of Interest

About Education Loan

No matter how long the educational path is, ease it with Borrow Education Loan. Borrow Bank Education Loan provides you with quick and completely transparent loans to fuel your future aspirations and dreams.

Eligibility Criteria

  • Resident Of country
  • Required age of 16 and 35
  • Your post completion of Certifiace
  • Write your eligibility criteria
  • Write your eligibility criteria Content
  • Write your eligibility criteria

Documentes needs

  • Passport
  • Voter ID card
  • Driving license
  • PAN card
  • Bank account statement
  • Latest electricity bill
  • Latest mobile/telephone bill
  • Existing house lease agreement

Education Interest Rates & Charges

Here is an exhaustive list of all the fees and charges to be paid for the education loan.

8.75%

Min apr

10.75%

Max apr

12.10%

avg apr

  • Description of Charges
    Education Loan
  • Loan Processing Charges*
    Maximum up to 1%
  • Pre-payment charges*
    Nil
  • No Due Certificate
    Nil
  • Solvency Certificate
    Nil
  • Penalty Interest on delayed / overdue EMI
    Write here your % of delayed payment

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Frequently Asked Questions

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  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Proof of admission to the course
  • Schedule of expenses for the course
  • Copies of letter confirming scholarship, etc.
  • Copies of foreign exchange permit, if applicable.
  • 2 passport size photographs
  • Statement of Bank account for the last six months of borrower
  • Income tax assessment order not more than 2 years old
  • Brief statement of assets and liabilities of borrower.
  • There is no additional charge or processing fee for education loans upto ¿ 20 lakhs. For loans above ¿ 20 lakhs, processing fee of ¿ 10,000 + GST is applicable.
  • For Scholar loans, there is no additional charge or processing fee irrespective of the loan amount.
  • In case of land/ property offered as collateral, legal/ valuation/ mortgage charges will be applicable
  • In case of land/ property offered as collateral, legal/ valuation/ mortgage charges will be applicable

The outstanding interest for the moratorium period will be added to the loan amount at the time of commencement of the repayment. The EMI will be determined on this amount at the time the repayment is to commence

The repayment would begin one year after the course period or six months after you get a job, whichever is earlier. You are expected to pay a minimum amount equivalent to the EMI on a monthly basis. However, you can choose to pay more than the EMI, and we do not charge any prepayment penalty.

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