Education Loans
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Students planning to study in India or Abroad can apply for an Education Loan, irrespective of whether they have secured admission to a University/College.

Education Loans are available for undergraduate, postgraduate, and professional courses in India and Abroad. These include programmes in engineering, medical, management, law, and many other fields. Urban Money Loan Experts will apply in the Bank and NBFCs offering your course.

Students can get Education Loan for 100+ countries including India, United States, United Kingdom, Australia, Canada, Germany, Ireland, United Arab Emirates, Netherlands, Italy, New Zealand, France, and many more.

Education Loan interest rates usually range between 8.33% to 14% per annum, depending on student profile, University/College ranking, course, co-applicant profile, etc. 15+ Banks and Non Banking Financial Institutions associated with Urban Money compete to give you the best interest rate.

An Education Loan covers tuition fees, living expenses, travel costs, health insurance, laptop, and other study-related costs.

Yes. Banks and NBFCs provide up to 100% financing, covering tuition fees, living expenses, travel, laptop, and other study-related costs, depending on the student profile and policies. Our Education Loan Experts can help you check your eligibility within minutes.

Yes. Unsecured Education Loans up to ₹1 crore may be available without collateral depending on the student profile, parent income, and University/College. Higher loan amounts may require property or financial collateral, though collateral is not mandatory in all cases. Our Education Loan Experts will check your details to offer collateral free loan options.

Yes. You can apply for an Education Loan that covers only part of the course fee. Urban Money helps you find customised loan options based on your requirements.

Yes. Most Abroad Education Loans come with a moratorium period, which usually includes the course duration plus one year after graduation. During this time, students are generally not required to start full EMI repayments. Urban Money Education Loan Experts help you understand lender policies and choose the best repayment option.

Yes. Most Banks and NBFCs allow borrowers to partially or fully prepay their Education Loan before the scheduled tenure ends. Many lenders also do not charge any prepayment or foreclosure penalties, making it easier to reduce the overall loan burden. Urban Money Education Loan Experts can help you compare lenders and choose options with flexible prepayment terms.

Yes. You can begin the Education Loan process without an Offer Letter. Some lenders provide pre-approved Education Loans, which can help make the admission and visa process smoother.

Loan funds are disbursed as per your requirement. You may choose to disburse the full amount or partial amounts. Interest is charged only on the amount that has been disbursed.

Common documents include student academic records, KYC documents, address proofs, income proofs and bank statements.

Depending on the lender and documentation, approval usually takes 2–10 working days. With Urban Money Education Loan Expert assistance, the process can be much faster and smoother.

Individuals who take an Education Loan for themselves, their spouse, children, or legal ward can claim a tax deduction on the interest paid under Section 80E, as per the old tax regime.

Urban Money counsels and evaluates both student and parent profiles. It helps you compare loans from 15+ Banks and Non Banking Financial Institutions and provides customised Education Loan solutions with flexible repayment options and competitive interest rates, ensuring hassle-free financing for higher education.

Urban Money has partnerships with 15+ Banks and NBFCs. A dedicated Education Loan Expert is assigned to each applicant. Urban Money Education Loan Experts are well aware of the Education Loan systems, processes, and have knowledge related to the Education Industry. They study student profile thoroughly and design student centric Education Loan solution, as they understand the challenges that students and their parents face.

No. Urban Money does not charge any consultation fees. You can compare Loans from 15+ lenders, get expert guidance, customise your loan and get faster loan approvals.

You can submit the application form through our website: , and our team will contact you to guide you through the next steps.