New Lender. New Opportunities

Unlock better terms and brighter prospects by transferring your education loan to a smarter lender.

Why Transfer Your Education Loan?

Are you stuck with a high-interest education loan? It's time to take control. An Education Loan Balance Transfer allows you to move your existing loan to another bank, NBFC or foreign lender offering better interest rates, flexible repayment options, or improved service.

Lower Interest Rates

Reduce your EMI burden and save on the total interest paid.

Flexible Repayment Tenure

Choose a repayment plan that works for your future income.

Top-Up Loan Option

Need more funds for ongoing studies or living expenses? Some lenders offer a top-up facility.

Better Customer Service

Get access to a bank/NBFC/foreign lender that supports your financial journey with better digital tools and service.

Our Lending Partners

Get best-in-class consultation and complete support from choosing the right bank, NBFC or foreign lender and everything in between.

Eligibility Criteria

You must have an existing education loan with a bank/NBFC
Good repayment history (no major defaults)
The loan should be past the moratorium period (in most cases)
Co-applicant's income profile must meet the new lender's criteria

Documents Required

Gather these essential documents for a smooth loan transfer process

Existing loan sanction letter and repayment track record

KYC documents of applicant and co-applicant

Academic documents

Income proof of co-applicant (salary slips, ITR, etc.)

Admission letter and fee structure (if still studying)

Need help gathering documents? Our team can guide you through each requirement.

How It Works

Our simple 5-step process makes transferring your education loan effortless and rewarding

Share Loan Details

Share your existing loan details with us online

Get Matched

Get matched with the best balance transfer offers from our partner banks/NBFCs

Digital Submission

Submit documents digitally for faster processing

Approval & Disbursal

Loan gets approved & disbursed to close your existing lender's balance

Start Saving

Enjoy lower EMIs and better terms immediately

End-to-End Support for Your Loan Switch Journey

We can help you transfer your education loan to a better option — whether you're switching from an Indian lender to international options like MPOWER Financing, or even moving from an international lender to Indian banks offering lower interest rates.

No matter the direction, we offer end-to-end support, including seamless assistance with the Power of Attorney (PoA) process for NRI students and NRI co-applicants.

Ready to Make the Switch?

Click below to start your Education Loan Balance Transfer request.

Or reach out to our loan experts for personalized guidance.

Need Help?

Frequently Asked Questions

Find quick answers to common queries about education loans, eligibility, and application processes.