Education Loan

  • A Loan to Study Anywhere in the World

    Apply Now
Investing in your child’s education is a commitment to their future happiness and success. The escalating costs of higher education in India and abroad have led parents to seek financial support actively. Addressing this need, Indexia Finance offers an Education Loan that empowers deserving students to pursue excellence both in India and abroad.

Required Documents For Education Loan

The documents required to process your loan application are similar across banks. However, they may differ depending on specific requirements. The following documents are typically needed:

  • Age proof
  • Address proof
  • Income proof of the co-applicant (could be father/mother)
  • Last 6 months’ bank statement of the co-applicant
  • Passport-size photograph of the applicant & co-applicant

In the case of Co-applicant, Salaried:

  • Employment certificate
  • Copies of payslips and TDS certificate
  • Latest Form 16 issued by the employer
  • Bank statements

In the case of the Co-applicant, Self-employed:

  • Copy of audited financial statements for the last 3 years
  • Copy of partnership deed or memorandum of association and articles of association
  • Profit and loss account
  • Income tax assessment order

Other Documents

  • Latest Electricity Bill of the co-applicant (house should be owned)



Indexia Finance Education Loan Coverage

Covering a diverse range of graduate, postgraduate, professional, and doctoral courses, Indexia Finance Education Loans extend beyond tuition and examination fees. The loan includes uniforms, lab equipment, travel, laptops, and more. Additional covered expenses include:

  • Books, uniforms, equipment, and instruments.
  • Essential computers or laptops for course completion.
  • Fees for exams, library, laboratories, and hostel accommodation.
  • Building fund, caution deposit, refundable deposit (supported by receipts/bills).
  • Travel costs for studies abroad.
  • Extra expenses for course completion, such as study tours and thesis work.

Features and Benefits of Indexia Finance Education Loan

  1. Eligibility: Open to anyone pursuing education in India or abroad.
  2. Co-Signor Requirement: A parent or guardian must act as a co-signor for the loan.
  3. Special Considerations for Female Students: They benefit from discounts or lower interest rates.
  4. Loan Amount Determinants: Based on the annual family income and the chosen course.
  5. Security Requirements: Loans below Rs. 4 lakhs typically do not require security. Higher amounts may necessitate collateral like fixed deposits or property.
  6. Maximum Loan Limits: Capped at Rs. 10–15 lakhs for Indian students and Rs. 20 lakhs for those studying abroad.
  7. Flexible Repayment Options: Standard repayment is 5 to 7 years, with flexible options extending up to 10 to 15 years.

Indexia Finance Education Loans pave the way for educational aspirations, addressing financial challenges and ensuring a secure future. Explore opportunities with Indexia Finance today.

Eligibility Criteria

Education loan eligibility varies among providers, but the fundamental criteria include:

  • Indian citizenship is a prerequisite.
  • Non-resident Indian (NRI) applicants must possess a valid Indian Passport.
  • Meeting the age requirements defined by the respective bank is essential.
  • Confirmation of admission from a recognized college/institution is mandatory.
  • Co-applicants with a regular source of income are required.
  • A good academic record and positive credit history of the co-borrower (parent or guardian) expedite education loan approvals.
  • Some banks may stipulate national-level entrance exam qualification as a prerequisite for applicants.