Education Loan

Finance your education — repay after you graduate

Fund your education from tuition to textbooks — a Hindusthan Education Loan covers every cost that comes with learning

What a Hindusthan Education Loan gives you

📚

Moratorium Period — Study First, Repay Later

Study without the pressure of EMIs. Your moratorium period runs through your entire course — so your first repayment follows your first job

💰

Loan Amount With No Limits

Covering the full cost of most graduate and postgraduate programmes at recognised institutions across India.

🏫

Fee Disbursement Directly to Institution

Fees are paid directly to the institution, on schedule — keeping your enrollment current without you having to manage the transfers.

🧾

Income Tax Benefit — Section 80E

Section 80E gives you unlimited tax deduction on interest paid, available to whoever is repaying the loan.

🔒

Fixed Interest Rate

Fixed rate from day one — unchanged through the moratorium and beyond. No surprises when repayment begins.

👨‍👩‍👧

Co-Applicant Requirement — Parent or Guardian

All education loans require a co-applicant — a parent, guardian, or family member — whose income supports the eligibility assessment.

📅

Repayment Flexibility Post-Moratorium

Post-moratorium repayment runs up to 5 years. Early starters pay less interest — and there is no penalty for beginning ahead of schedule.

🌍

Wide Coverage

Applicable for studies in India and abroad at recognized institutions

📚

Moratorium Period — Study First, Repay Later

Study without the pressure of EMIs. Your moratorium period runs through your entire course — so your first repayment follows your first job

💰

Loan Amount With No Limits

Covering the full cost of most graduate and postgraduate programmes at recognised institutions across India.

🏫

Fee Disbursement Directly to Institution

Fees are paid directly to the institution, on schedule — keeping your enrollment current without you having to manage the transfers.

🧾

Income Tax Benefit — Section 80E

Section 80E gives you unlimited tax deduction on interest paid, available to whoever is repaying the loan.

🔒

Fixed Interest Rate

Fixed rate from day one — unchanged through the moratorium and beyond. No surprises when repayment begins.

👨‍👩‍👧

Co-Applicant Requirement — Parent or Guardian

All education loans require a co-applicant — a parent, guardian, or family member — whose income supports the eligibility assessment.

📅

Repayment Flexibility Post-Moratorium

Post-moratorium repayment runs up to 5 years. Early starters pay less interest — and there is no penalty for beginning ahead of schedule.

🌍

Wide Coverage

Applicable for studies in India and abroad at recognized institutions

Who are Eligible

Individuals (18+ years)
He/She must have a co-applicant
Working Professionals

Required Documents

Aadhaar Card
Valid Aadhaar card for identity and address verification
PAN Card
Mandatory for all personal loan applicants
Address Proof
Utility bill, passport, driving licence, or bank statement — not older than 3 months
Photograph
2 recent passport-size photographs
Income Proof
Salary slips, ITR filings, pension certificate, or business financials — based on your applicant type
Bank Statements
Last 6 to 12 months' statements — salaried, self-employed, or current account as applicable
Employment or Business Proof
Appointment letter, employer ID, GST registration, or business certificate — as applicable
Loan Application Form
Completed and signed — available at your nearest branch
Academic Proof
- Admission letter from the institution (India/abroad).
- Fee structure/estimation of expenses.
- Previous mark sheets and certificates.

How To Register

1
Before applying, secure your confirmed admission letter from the institution and obtain the official fee structure — covering all years of the course if available.
2
Gather all documents listed in Section 6 — for both the student and the co-applicant. Both must be present at the branch at the time of application, or the co-applicant must provide notarised documents if unable to attend in person.
3
Submit the completed application and all supporting documents at your home branch. The loan officer will review the application, assess the co-applicant's income, confirm the loan amount, and advise on any collateral requirements.
4
Once approved, you will receive an Education Loan Sanction Letter confirming the sanctioned amount, interest rate, moratorium period, and repayment tenure.

Education Loan Calculator

Loan Amount

₹

Min ₹1,000Max ₹1,00,00,00,000

Interest Rate (% per annum)

Min 7%Max 30%

Tenure

Months

Min 12 monthsMax 480 months

Monthly EMI

₹86.53

for 12 months

Total Interest

₹38.32

Total Repayment

₹1,038.32

Disclaimer: The calculator provides estimated EMI; actual figures will be as per RBI guideline. Final calculations will be available at the branch. Floating / Fixed ROI will be available based on customers requirement

Frequently Asked Questions

Repayment begins after the moratorium period — which covers the full course duration plus [X] months after course completion. If you secure employment before the moratorium ends, you may begin repayment early — reducing your total interest cost. There is no penalty for beginning repayment ahead of schedule. The first compulsory EMI is due [X] months after your course end date.

Simple interest accrues on the disbursed loan amount throughout the moratorium period. You have two options. You can service this interest monthly during the course — keeping your post-moratorium EMI lower and reducing total interest outgo. Or you can allow it to accumulate — in which case it is added to the principal at the end of the moratorium and factored into your EMI calculation. The total cost illustration in Section 4 shows the rupee difference between both options for a sample loan.

No. A confirmed admission letter from the institution is mandatory at the time of application. You cannot apply on the basis of an expected admission or a preliminary offer. Apply as soon as you receive your confirmed admission letter — and factor in [X] weeks of processing time before the institution's fee deadline.

The co-applicant is jointly and severally liable for the full outstanding loan amount — including principal, interest, and any applicable charges. If the student is unable to repay for any reason, the bank will pursue repayment from the co-applicant. This is a full legal liability — not a backup guarantee. Both the student and co-applicant must understand this before signing the loan agreement.

This is assessed individually. Working professionals with strong income documentation and a stable employment history may be eligible for a reduced or waived co-applicant requirement in some cases. Contact your branch for an assessment of your specific situation before assuming a co-applicant is mandatory.

Section 80E of the Income Tax Act allows a full deduction of interest paid on an education loan — with no upper limit. The deduction is available for [X] years from the year repayment begins. Either the student or the co-applicant can claim it — whoever is actually making the repayment. The principal repayment is not deductible — only the interest component qualifies. Obtain an interest certificate from Hindusthan at the end of each financial year for your tax filing.

If the student discontinues the course, contact your branch immediately. The loan is not automatically cancelled — the outstanding disbursed amount plus accrued interest remains payable. The moratorium period may be reviewed depending on the reason for discontinuation. Early communication gives the best chance of arranging a manageable repayment plan.

Yes. If the primary applicant is a female student, the [X]% interest rate concession is applied at the time of loan sanction — it does not need to be requested separately. The concession rate is confirmed in the Loan Sanction Letter. Ensure your application clearly identifies the student's gender to avoid any processing delays.