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Study Loan in Delhi
You can take a study loan in Delhi through a regular bank education loan or government-backed schemes that reduce the need for collateral or provide interest support. The options are not identical. The Delhi Government has its own Higher Education and Skill Development Guarantee Scheme (HESDGS). Eligible students can also use central schemes such as PM-Vidyalaxmi and the Central Sector Interest Subsidy Scheme (CSIS). Students in eligible backward-class groups can also explore education-loan assistance through the NBCFDC or Delhi’s welfare corporation, subject to their respective conditions.
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Table of Content
Government-Backed Education Loan Options in Delhi
For a study loan in Delhi, students have access to both Delhi Government and central government-backed education loan schemes. The main differences are the maximum funding, eligible students and institutions, income limits, and the type of support provided.
| Scheme | Loan/Benefit | Eligibility or Conditions |
| Delhi HESDGS | Up to ₹10 lakh | Eligible Delhi students; collateral- and margin-free under the government guarantee |
| DSFDC Education Loan | Up to ₹7.5 lakh in India; ₹15 lakh abroad | For eligible SC/ST/OBC/Minority/PwD beneficiaries, subject to scheme conditions |
| PM-Vidyalaxmi | No fixed maximum loan amount | Merit-based admission to eligible QHEIs; collateral- and guarantor-free |
| PM-Vidyalaxmi Interest Subvention | 3% interest subvention on loans up to ₹10 lakh | Annual family income up to ₹8 lakh, subject to scheme conditions |
| PM-USP CSIS | 100% interest subsidy during the moratorium on eligible loans up to ₹10 lakh | Approved professional/technical courses; parental income up to ₹4.5 lakh |
| NBCFDC Education Loan | Up to ₹30 lakh in India; ₹30 lakh abroad | Eligible students from backward classes; up to 90% of eligible expenditure in India and 85% abroad |
Delhi Government’s HESDGS
The Delhi Government’s Higher Education and Skill Development Guarantee Scheme (HESDGS) supports education loans up to ₹10 lakh through a government guarantee, without collateral or margin money from eligible students.
The scheme covers diploma, degree, and specified skill-development courses. For courses in Delhi, eligibility generally requires Class 10 and Class 12 from Delhi. If Class 10 is the qualifying examination, completing it in Delhi is sufficient. The scheme also covers specified Central or State Government institutions outside Delhi but within India.
Admission must be through an entrance test or merit-based selection process in a recognised institution.
Bank and NBFC Options Available in Delhi
Students who do not qualify for a government scheme, or need funding beyond its limits, can consider regular education loans from banks operating in Delhi. Published loan limits vary significantly by lender and by the institution or course.
| Lender / Scheme | Education Loan Limit | Details |
| SBI Student Loan | Up to ₹75 lakh (India); Up to ₹1 crore (select institutions) | Standard limit is ₹50 lakh for general courses and ₹75 lakh for medical (MBBS/MD/MS) in India. |
| SBI Global Ed-Vantage | Up to ₹3 crore | Dedicated overseas scheme; collateral-free options available up to ₹50 lakh for premier institutions. |
| HDFC Bank | Up to ₹1.5 crore | Higher caps apply selectively based on the university ranking and profile. |
| ICICI Bank | Up to ₹2 crore (domestic); Up to ₹3 crore (international) | Varies based on country, course, and collateral availability. |
| Axis Bank | ₹7.5 lakh collateral-free standard; higher for prime institutes | Unsecured limits scale up significantly for premier domestic/international colleges. |
| Canara Bank Vidya Turant | Up to ₹50 lakh | Tier-based security-free funding mapped to specific approved institutions. |
| NBFCs | Varies widely (often up to ₹1.5-₹3 crore) | Flexible terms for abroad studies, though interest rates typically exceed public banks. |
The final sanction can depend on the course and institution, total expenses, co-applicant’s income and liabilities, repayment capacity, credit profile, and applicable security requirements.
Use the Education Loan EMI Calculator to estimate monthly repayments for different loan amounts, interest rates, and tenures.
Eligibility and Documents Required
The education loan eligibility criteria depend on the specific scheme and lender.
For HESDGS, students pursuing eligible courses in Delhi generally need to have completed Class 10 and Class 12 in Delhi. Students taking courses for which Class 10 is the qualifying examination need to have completed Class 10 in Delhi. Eligible children of Delhi Government employees or officials posted with the Delhi Government are also covered.
For Vidyalakshmi education loan, the main requirement is merit-based admission to an eligible QHEI in India. Students admitted through management quota or a similar quota are not eligible for the PM-Vidyalakshmi loan benefit.
CSIS has additional conditions, including the ₹4.5 lakh annual parental-income ceiling and eligibility for approved professional or technical courses.
For DSFDC and NBCFDC schemes, the student must meet the relevant category, residence, course, and income conditions of the respective organisation.
For a regular bank loan, the documents that lenders commonly ask for are:
- Student’s KYC and identity documents
- Academic certificates and marksheets
- Admission or offer letter
- Course and fee details
- Co-applicant’s KYC and income documents
- Bank statements or other income documents, where required
- Collateral documents where the particular loan requires security
See the full documents required for an education loan checklist for more details. The exact list varies by lender and scheme.
A student applying for an education loan without collateral should check the institution and loan amount conditions beforehand.
How to Apply for an Education Loan via Urban Money
Students can apply for an education loan through the Urban Money website:
- Visit the official Urban Money website.
- Select Education Loan under the loan category.
- Browse and compare different loan options.
- Click Enquire Now to select your preferred option.
- Enter basic details such as name, city, and mobile number.
- Verify identity using the OTP sent to the registered number.
An Urban Money loan specialist will shortly contact you to guide you through the process until the loan is disbursed.
Written By
Reviewed ByLast Updated: 4th October 2026
Frequently Asked Questions (FAQs)
Is the Delhi government scheme collateral-free?
Yes. Under the Delhi Government’s Higher Education and Skill Development Guarantee Scheme, eligible education loans up to Rs 10 lakh are backed by a government guarantee, and students do not have to provide collateral or margin money.
Who is eligible for Delhi's state education loan scheme?
Under HESDGS, students pursuing eligible diploma, degree, or specified skill-development courses in Delhi generally need to have completed Class 10 and Class 12 in Delhi. Admission must be through an entrance test or merit-based selection process at a recognized institution.
Can students from outside Delhi apply at Delhi bank branches?
Branch location does not replace the scheme’s eligibility conditions. A student who has not completed the required qualifying education in Delhi would generally not qualify through the standard HESDGS route unless another specific eligibility provision applies.
