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About SIMFINN Education Loan

SIMFINN’s Education Loan is designed to help students achieve their academic dreams without financial constraints. Whether you’re pursuing undergraduate or postgraduate studies, our education loan offers affordable interest rates, flexible repayment options, and quick disbursal to ensure that financial challenges do not hold you back. With the rising costs of education, our loan is an ideal solution to cover tuition fees, living expenses, books, and other academic-related costs.

At SIMFINN, we believe in empowering students by providing them access to the necessary funds for quality education. We offer loans for courses both within the country and abroad, and you can avail of a loan amount based on the course and institution. With minimal documentation, a simple application process, and a long repayment tenure, SIMFINN’s Education Loan makes it easier for students and their families to pursue higher education and invest in their future.

Features & Benefits of Education Loan

High Loan Amount

Get funding up to ₹50 lakhs for studies in India and up to ₹1 crore for overseas education, covering tuition fees, accommodation, books, and other academic expenses.

Low Interest Rates

Enjoy affordable interest rates, with options for interest subsidies under government schemes for eligible students.

Flexible Repayment Tenure

Benefit from a long repayment period of up to 15 years, with easy EMI options to reduce financial burden after course completion.

Moratorium Period

Avail of a grace period (moratorium) where repayment starts only after course completion and a buffer period of 6–12 months post-employment.

No Collateral for Small Loans

Get loans up to ₹7.5 lakhs without collateral, making it easier for students from all financial backgrounds to pursue higher education.

Loan Coverage for Domestic & International Studies

SIMFINN provides loans for both Indian and overseas institutions, covering tuition, travel, living expenses, and exam fees.

Education Loan Eligibility Criteria

Indian Citizenship

The applicant must be an Indian citizen and have secured admission to a recognized educational institution in India or abroad through a valid selection process or entrance examination.

Age Requirement

The student must typically be between 18 and 35 years old at the time of loan application. For applicants under 18, parents or legal guardians can apply on their behalf.

Admission Confirmation

The applicant must have proof of admission (such as an offer letter or admission confirmation) from a recognized university, college, or institution in India or abroad.

Eligible Courses

The loan is available for undergraduate, postgraduate, diploma, and professional courses in various fields such as engineering, medicine, management, law, and more, offered by recognized institutions.

Co-Applicant Requirement

A parent, guardian, or spouse is required as a co-applicant for the loan. Their income and credit history are considered for loan approval, especially for higher loan amounts.

Minimum Academic Performance

The student must have a consistent academic record with at least 50% marks in the last qualifying examination, ensuring the ability to complete the course successfully.

Loan EMI: 0 INR

Total Interest: 0 INR

Total Payment: 0 INR

Our Clients

Our home loan clients trust us to provide tailored financial solutions that make homeownership more accessible and affordable. With competitive interest rates, flexible repayment options, and a seamless application process, we help individuals and families achieve their dream of owning a home. Our commitment to customer satisfaction ensures personalized service and expert guidance at every step.

98%

Satisfied Customers

84%

Home Loans Disbursed

88%

Loan Approval Rate

Documents Required For Education Loan

  • Aadhaar Card
  • PAN Card
  • Voter ID
  • Passport
  • Driving License
  • 10th & 12th mark sheets/certificates (for undergraduate courses)
  • Graduation mark sheets/certificates (for postgraduate courses)
  • Entrance exam results (if applicable)
  • Admission letter or offer letter from a recognized institution in India or abroad
  • Detailed fee structure issued by the educational institution
  • Breakdown of expenses, including tuition fees, accommodation, travel, and other academic costs

For Salaried Individuals:

  • Last 3 months’ salary slips
  • Latest Form 16 or Income Tax Returns (ITR)
  • Last 6 months’ bank statements

 

For Self-Employed Individuals:

  • Income Tax Returns (ITR) for the last 2-3 years
  • Profit & Loss statement and Balance Sheet
  • Business Registration Certificate or GST Certificate
  • Property papers (title deed, sale deed, NOC, and valuation report) for loans requiring collateral
  • Fixed deposit receipts (if pledging an FD as collateral)

Duly filled and signed SIMFINN Education Loan Application Form, along with passport-sized photographs of both the student and co-applicant

Take Next Step & Manage Your Immediate Financial Needs Now. Turn Your Dream into Reality with SIMFINN!
Affordable Education Loan with Easy Approvals & Flexible EMIs

Apply Now

FAQs About Education Loan

Students who have secured admission to a recognized institution in India or abroad for undergraduate, postgraduate, diploma, or professional courses can apply. A parent, guardian, or spouse must be a co-applicant.
The loan covers tuition fees, hostel charges, examination fees, study materials, travel expenses (for overseas education), and other academic-related costs required for course completion.
Yes, there is a moratorium period where repayment starts only after course completion, plus an additional 6–12 months after securing a job.
Loans up to ₹7.5 lakhs are generally collateral-free. For higher loan amounts, collateral such as property, fixed deposits, or government securities may be required.
The repayment period can go up to 15 years, offering flexible EMI options to ease financial burden after studies.
Yes, SIMFINN allows prepayment of the education loan without any penalty, helping you reduce interest costs and clear the loan faster.