Loan for Education
Tata Capital offers a flexible and hassle-free education loan to help students pursue their academic dreams in India or abroad. With an unsecured student loan of up to ₹85 Lakhs*, you can fund your entire education without needing any collateral.
You can also benefit from a Pre-Admission Loan Sanction, allowing you to secure your seat even before receiving your final admission letter. The loan covers all education-related expenses, including tuition fees, hostel charges, travel, books, equipment, exam fees, and more.
Whether it’s undergraduate, postgraduate, skill development, or overseas education — get complete financial support with ease.
Get Education Loan Up to ₹ 2 Crore*
At Tata Capital, we align with the Tata Group’s commitment to education and believe that quality learning must be accessible to all socio-economic backgrounds. Understanding the transformative power of higher education, Tata Capital now offers Education Loans to support students pursuing studies in India or abroad—empowering both personal and professional growth.
We are here to fuel your academic ambitions with customised, flexible, and student-friendly loan solutions designed to meet every educational need.
Disclaimer: Education Loans are at the sole discretion of Tata Capital Limited (TCL).
| Category | Details |
|---|---|
| Loan Amount Offered |
Up to ₹ 85 Lakhs (Unsecured) Up to ₹ 2 Crore (Secured) |
| Loan Tenure | Up to 13 Years |
| Interest Rate | 9.50%* to 18% |
Education Loan Interest Rates & Charges
Tata Capital’s Education Loan interest rates are linked to the TCL Retail Prime Lending Rate (TCL RPLR). These rates are periodically revised, and the applicable interest rate depends on the date of loan disbursement. Below is the updated RPLR table with effective dates for easier reference.
| Effective From | TCL RPLR | Applicability Note |
|---|---|---|
| September 1st, 2024 | 11.50% | Applies to cases disbursed on or after 1st May 2024. |
| May 1st, 2024 | 11.30% | Applies to cases disbursed on or after 1st May 2024. |
| March 11th, 2024 | 15.25% | Applies to cases disbursed before 1st May 2024. |
| December 22nd, 2023 | 15.00% | Applies to cases disbursed before 1st May 2024. |
Penal Charges & Other Applicable Charges
Tata Capital levies penal charges and service charges in specific situations such as delayed payments, EMI bounce, mandate rejection, and other operational needs. Below is a detailed breakdown of all applicable charges for easy understanding.
| Charge Type | Details | Amount |
|---|---|---|
| Penal Charges (Delayed Payments) | Applicable on overdue EMI amount in case of delay. | 3% per month on overdue amount |
| Dishonour of Cheque / Payment Instrument | Charged when EMI bounces due to insufficient funds or failed payment. | ₹ 600 per instrument per instance |
| Mandate Rejection Service Charge | Applied if a new mandate is not registered within 30 days after previous mandate rejection. | ₹ 450 + GST |
| Foreclosure Charges | If applicable as per loan terms. | N/A |
| Switching (Floating ↔ Fixed) | Charges for switching between interest rate types. | N/A |
| Part Payment Charges | Charges for part-prepayment when applicable. | N/A |
| Payment Instrument Swapping Charges | For replacing EMI mode (e.g., ECS/NACH update). | ₹ 550 per swap |
| Cancellation Charges | Loan cancellation post-sanction. | ₹ 550 |
| Duplicate Repayment Schedule / NOC | On request of duplicate physical documents. | ₹ 550 each |
| Outstation Collection Charges | Charges for cheque pickup from non-local branches. | At Actuals |
| Statement of Account (SOA) | Portal download is free. Charges apply for physical copy. | Portal: FREE | Branch: ₹ 250 |
| Foreclosure Letter | Issued upon request to close loan. | NIL |
| Processing Fee | As applicable during loan application. | Up to 2% + Taxes |
| Duplicate Agreement Copy | On request. | ₹ 5,000 |
| ROC Charges | As per Central Registry norms. |
₹ 50 (≤ ₹5 Lakhs) ₹ 100 (> ₹5 Lakhs) |
| Legal & Technical Charges (Secured Loans) | Applicable during secured loan processing. | ₹ 5,000 |
| Document Retrieval (Secured) | Documents retrieval after closure. | ₹ 5,000 |
| CERSAI Charges | Non-refundable registry charges. | As applicable by CERSAI |
Education Loan Eligibility Criteria
Tata Capital offers flexible education loans based on simple and student-friendly eligibility rules. Eligibility depends on age, academic qualifications, co-borrower strength, university accreditation, and type of security provided. Below is the complete eligibility table.
| Eligibility Factor | Details |
|---|---|
| Nationality | Indian |
| Age | 18 to 35 years |
| Qualification |
Completed 10+2 / Diploma Graduation / Postgraduate degree Professional PG diploma |
| University Applied To | Listed, recognized, and accredited institutes in India and Abroad |
| Basis for Loan Sanction |
Pre-admission sanction available Entrance exam scores (GRE, GMAT, etc.) 12th / HSC results Confirmed admission |
| Loan Amount |
Up to ₹ 85 Lakhs — Unsecured Up to ₹ 2 Crores — Secured |
| Co-Borrower |
Father, Mother, Brother, Sister, Spouse, Grandparents, Parents-in-law, Maternal/Paternal Uncle |
| Security (For Secured Loans) |
Residential / Commercial Property Fixed Deposit Existing Tata Capital Home Loan (Cross-collateral) |
Grow Your Vision
Documents Required for Education Loan
For Salaried People
- Photograph
- Photo Identity Proof: Voter ID / Passport / Driving License / Aadhaar Card
- PAN Card or Form 60 (wherever applicable)
- Address Proof: Voter ID / Passport / Driving License / Aadhaar Card
- Signature Verification
- Income Proof: Form 16 for last 2 years + 6 months bank statements
- Salary Slips: Last 3 months
For Self-Employed
- Photograph
- Photo Identity Proof: Voter ID / Passport / Driving License / Aadhaar Card
- PAN Card or Form 60 (wherever applicable)
- Address Proof: Voter ID / Passport / Driving License / Aadhaar Card
- Signature Verification
- Income Proof: ITR, Profit & Loss, Balance Sheet + 6 months bank statements
Features & Benefits of Education Loan
Tata Capital Education Loans — Made to Support Your Higher Education Journey
High Loan Amount
Get ample funding to cover tuition fees, accommodation, travel, study materials, and other required academic expenses.
Attractive Interest Rates
Benefit from competitive and student-friendly interest rates, ensuring affordable repayment for families.
Pre-Admission Sanction
Secure your education loan even before receiving the final admission confirmation, helping you plan ahead.
No Margin Money Required
Finance 100% of your education cost without needing to contribute anything from your pocket.
Covers Various Courses
Apply for undergraduate, postgraduate, vocational, professional, or overseas higher education programs.
Easy Disbursal
Enjoy a fast and hassle-free disbursal process, enabling timely payment of tuition and other fees.
Apply with a Guardian
Strengthen your loan application by applying jointly with a parent or guardian for better eligibility.
Why Should I Apply for an Education Loan at Tata Capital?
Student-friendly features, flexible repayment, and smart financial support for your education.
Affordable & Quality Education
Ensure access to quality education without worrying about rising tuition fees or financial limitations. Tata Capital supports students from all backgrounds.
Flexible Repayment Options
Enjoy repayment flexibility by starting EMIs after completing your education, ensuring zero financial pressure during study years.
Competitive Interest Rates
Benefit from student-friendly, competitive interest rates designed to make higher education loans lighter on your long-term budget.
No Collateral Required
Avail unsecured education loans without providing any collateral or property security—ideal for students starting their journey.
Quick & Hassle-Free Process
Simple application, minimal documents, and fast processing ensure that your education plans are never delayed.
Expert Financial Guidance
Get personalised assistance from Tata Capital’s financial experts to choose the best education loan according to your career plans.
Courses Eligible for Education Loan from Tata Capital
Tata Capital offers both secured and unsecured student loans for higher education in India and abroad.
Graduation & Post-Graduation Programs
Funding available for recognised undergraduate and postgraduate degree programs offered by accredited universities in India and abroad.
Executive & Professional Courses
Eligible programs include Executive MBA, certification programs, professional diplomas, and specialised courses from reputed institutions.
PhD & Research Programs
Loans are provided for doctoral studies, research-oriented programs, and advanced academic courses from globally recognised universities.
Student Eligibility Criteria
Students aged 18 – 45 years pursuing undergraduate, postgraduate, executive, or vocational programs in India or overseas are eligible.
FAQs — Loan for Education
Clear answers to common questions about Tata Capital Education Loans