Welcome to Study On Loan

Your Partner in Education Funding!

Learn about our education loans and simple application process to fund your future.

Apply for an education loan today and unlock a world of opportunities!

Are you ready to invest in your future? At Study On Loan, we understand that pursuing higher education is an important step towards achieving your dreams. Whether you're seeking a degree, diploma, or certification, we're here to support you every step of the way with our flexible and affordable education loan options.

We assist students in securing Non-Collateral as well as Collateral-based Education Loans. Both these types of loans aim to support students in pursuing their educational goals, but they differ in terms of requirements, risks, and eligibility criteria. It's essential for students and their families to carefully assess their financial situation and choose the type of loan that best fits their needs and circumstances.

Non-Collateral or Unsecured Education Loan

Non-collateral education loans, also known as unsecured loans, do not require borrowers to pledge any property or fixed deposit as collateral.
These loans are granted based on the borrower’s creditworthiness, academic performance, and test scores (like GRE, GMAT, IELTS, TOEFL, PTE, etc).
The financial background of the co-applicant (usually a parent or guardian) is also considered.
Since there is no collateral involved, interest rates on non-collateral education loans may be higher compared to collateral loans.
Lenders evaluate various factors, including the student’s academic profile, test scores, and the co-applicant’s financial stability, to assess the borrower’s ability to repay the loan.

Collateral or Secured Education Loan

This type of loan requires the borrower to pledge collateral, such as property, fixed deposits, or other valuable assets, to secure the education loan.
Collateral provides security to the lender, reducing the risk associated with lending money.
Generally, collateral education loans offer lower interest rates compared to non-collateral loans due to the reduced risk for the lender.
Borrowers need to carefully consider their ability to repay the loan and the potential consequences of defaulting on payments, as failure to repay could result in the loss of pledged collateral.

Secured vs Unsecured Education Loan

Compare the key differences to make an informed decision about your education financing

KEY COMPONENT	SECURED LOAN	UNSECURED LOAN
Collateral	You'll need to pledge assets worth at least 50% of the loan amount.	No collateral required—just your financial background!
Loan Amount	Up to ₹1 Cr for studies in India Up to ₹1.5 Cr for studying abroad (depends on collateral value)	Up to ₹50 lakh for studies in India Up to ₹1 Cr for studying abroad
Processing Fee	Between 0% and 1% of the loan amount + GST	Between 0.75% and 1.5% of the loan amount + GST
Interest Rate	8.15% - 10.5% (Lower rates)	10.5% - 12.5% (Slightly higher)
Repayment Break (Moratorium)	No payments required during study period + 1 year after graduation Payment options during moratorium: nothing, partial interest, or full simple interest	Same repayment break period as secured loans Typically requires at least partial or full interest payments during moratorium
Loan Approval Factors	Value and legal standing of collateral Your academic record	Co-applicant's income (usually parent/guardian) Your academic record

Note: Terms and conditions may vary by lender. Always verify details before applying.

Simple Process

Easy 5-Step Application

Our streamlined process makes getting an education loan simple and stress-free

Prepare Documents

Gather enrollment proof, income details, and ID.

Apply Online

Fill out and submit the application form.

Review & Approve

Get your sanction letter after credit approval.

Sign Agreement

Review and sign the loan agreement electronically.

Receive Funds

Funds are disbursed to you or your institution as per lender policy.

Real Student Experiences

Success Stories

Hear from students who turned their study abroad dreams into reality with our support

Seamless Education Loan Support for NRI Applicants and Co-Applicants

Study On Loan really came through for us when we needed it most. My wife and I were struggling to secure an education loan while living in the UK, especially since we were both abroad and faced multiple rejections from Indian banks. But their team stepped in, got our application re-evaluated by different banks, and helped us secure the loan. The process of arranging Power of Attorneys (PoAs) was another headache, but they made it easy and walked us through every step. Thanks to them, my wife completed her MSc in International Marketing, and we're now happily settled in the UK. If you're an NRI in need of education loan support, I can't recommend Study On Loan enough!

— Dilbag Singh, Wolverhampton, UK.