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? Study On Loan understands that higher education is a pivotal step toward achieving your dreams.

We assist students in securing both Non-Collateral and Collateral-based Education Loans. These differ in terms of requirements, risks, and eligibility.

Our Lending Partners

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

Our Education Loan Options

Choose the financing solution that matches your 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	Assets like property/fixed deposit required	No collateral required
Loan Amount	₹1 Cr (India) / ₹1.5 Cr (Abroad) - depends on collateral	Up to ₹50L (India) / ₹1 Cr (Abroad)
Processing Fee	0% - 1% + GST	0.75% - 1.5% + GST
Interest Rate	8.15% - 10.5%	10.5% - 12.5%
Moratorium Period	Study period + 1 year grace. Choice of no/partial/full interest	Same period, but usually partial or full interest required
Co-applicant Requirement	Usually required	Mandatory
Risk of Asset Loss	Yes, on default	No asset risk
Loan Approval Criteria	Collateral + academic profile	Credit profile + co-applicant income + academics

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.

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.

Need Help?

Frequently Asked Questions

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