University of Manchester
United Kingdom
Partners
Multiple Lenders
| Lender | Interest Rate | Secured | UnSecured | Processing Fees |
|---|---|---|---|---|
|
9.25% | Rs 1.5 Cr | Rs 40 Lacs | ₹10,000 |
|
10.5% | Rs 2 Cr | Rs 75 Lacs | 1% - 1.25% |
|
9.5% | Rs 2 Cr | Rs 75 Lacs | 1% - 1.5% |
|
10.5% | Rs 2 Cr | Rs 65 Lacs | 1% - 1.5% |
 |
10.5% | Rs 2 Cr | Rs 75 Lacs | 1% - 2% |
|
11% | Rs 1 Cr | Rs 60 Lacs | 1% - 2% |
|
10.95% | Rs 2 Cr | Rs 1 Cr | 0.5% - 1.5% |
|
10% | Rs 75 Lacs | Rs 75 Lacs | 0.75% |
|
11.5% | --- | USD 250,000 | USD 100 + 5% |
|
12.99% | --- | USD 100,000 | 5% |
 |
10.15% | Rs 1.5 Cr | Rs 7.5 Lacs | ₹10,000 |
 |
9.70% | Rs 1.5 Cr | Rs 7.5 Lacs | ₹10,000 |
 |
8.10% | Rs 2 Cr | Rs 7.5 Lacs | 1% |
Features
Why Us
Best & Negotiated Interest Rates starting @ 9.8%
Open and straightforward procedure with no hidden charges
Dedicated Education Loan Experts for Application Support
We prioritize clarity within our terms and conditions as a commitment
Get Education Loan without or with Collateral depending on requirement
Save on Income Tax under Income Tax Section 80E up to 8 years
We does not charge any service fees for our services
Apply with multple lenders using aigital application and get Real-Time updates
Testimonials
Testimonials
University of Manchester
United Kingdom
University of British Columbia
Canada
Monash University
Australia
New York University
United States of America
University of Melbourne
Australia
King’s College London
United Kingdom
Technical University of Munich
Germany
National University of Singapore
Singapore
The Bank or NBFC might have different rules and regulations based on multiple factors such as an applicant profile, collaterals, university or college, course type, etc.
Apply NowThe Secured Education Loan is better than the Unsecured one as you will get a cheaper interest rate, a higher moratorium period, quicker processing, and more choices in terms of Banks and NBFCs.
In Secured Education Loan, the bank or NBFC grants you a loan based on collateral or guarantee such as property, plot, or fixed deposit. The interest rate is lower than that of an unsecured loan, and the processing time is shorter because the bank is at a lower risk of default. In a secured education loan, the applicant may have average or low academics, and there is a wider range of colleges and universities to choose from.
If the applicant has no fixed deposit or property to offer the bank or NBFCs as a guarantee. In this situation, a borrower may be eligible for an unsecured loan based on their academic standing and likelihood of achievement. For an unsecured education loan, the applicant must have good to excellent academics. There are fewer options for banks and NBFCs, a higher interest rate, no moratorium period, and longer processing with this option.
However, we will help you apply for both Secured and Un-Secured Education Loans on a case-to-case basis.
| Secured Education Loan | Un-Secured Education Loan |
|---|---|
| Lower Interest rate | Higher Interest rate |
| Quicker processing | Slower processing |
| Longer Re-payment period | Shorter Re-payment period |
| Moratorium Period | Moratorium Period |
| High Approval Chances | Low Approval Chances |
| Co-Applicant income not required | Co-Applicant income required |
| More Banks & NBFCs | Less Banks & NBFCs |
| More University choices | Less University choices |
The Individual can avail of the Tax benefit of interest paid on an Education Loan under Income Tax Section 80E for a maximum of 8 years or till the tenure of the Loan, whichever is earlier. The Individual can be the Parent, Spouse, or Legal guardian of the applicant who has taken an Education Loan from an approved financial institution or any charitable institution. There is no cap on Tax benefit you can avail, but it is available only on Interest paid.
FAQs
Questions usually asked by StudentsServices
Study Abroad Services
