Education Loan in Pollachi & Udumalpet

Education Loans in Pollachi & Udumalpet

Don't let finances hold back your child's education. Whether it's an engineering college in Tamil Nadu or a university abroad, Guhan Capitals helps you secure the best education loan — with the lowest interest rate, maximum subsidy benefit, and a repayment plan that starts only after your child starts earning.

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Domestic education

Engineering, medical, MBA, CA, law and other professional courses in India

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Study abroad

USA, UK, Canada, Australia, Germany — top universities covered

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Online / skill courses

Certified courses from premier institutions with placement support

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Vocational training

ITI, polytechnic, diploma and skill development programmes

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Medical education

MBBS, BDS, MD, MS, nursing — all medical programmes covered

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Management studies

MBA from IIM, ISB, top private B-schools in India and abroad

Eligibility criteria

✓Student age: 16–35 years
✓Admission confirmed at recognised institution
✓Indian nationality
✓Co-applicant (parent/guardian) required
✓Academic record — 50%+ in qualifying exam
✓No prior loan defaults (co-applicant)

What the loan covers

📚Tuition & college fees
📚Hostel / accommodation charges
📚Examination & library fees
📚Books, equipment & laptop
📚Travel expenses (overseas)
📚Caution deposit (one-time, refundable)

Education loan limits at a glance

Category	Loan limit	Collateral	Rate
Studies in India (general)	Up to ₹10 lakhs	None (guarantor)	10.5–12%
Studies in India (premier — IIT/IIM)	Up to ₹20 lakhs	None	9.5–11%
Overseas education	₹7.5L–₹1.5 Cr	Property/FD above ₹7.5L	10–13%
SBI Scholar (listed universities)	Up to ₹1.5 Cr	Collateral	9.15–11%

How repayment works

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Course period

Loan is disbursed in stages as fees are due. Only simple interest charged — no EMI yet.

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Moratorium (grace period)

Course duration + 6–12 months. Time to find a job before repayment starts.

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Repayment begins

EMI starts after moratorium. Tenure up to 15 years — low EMIs for fresh graduates.

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Tax benefit

Section 80E: full interest deduction for 8 years with no upper limit.

Frequently asked questions

Q: What is the maximum education loan I can get?

For studies in India, most banks offer up to ₹10–20 lakhs without collateral. For overseas education, secured loans go up to ₹1.5 crore with collateral (property, FD). SBI's Global Ed-Vantage scheme covers select foreign universities up to ₹1.5 Cr.

Q: When do I start repaying an education loan?

Repayment begins after the moratorium period — course duration plus 6–12 months (the grace period to find a job). During this period, only simple interest accrues; principal repayment starts after.

Q: Is there any subsidy or interest waiver on education loans?

Yes. Under the Central Sector Interest Subsidy (CSIS) scheme, students from EWS/OBC families with parental income below ₹4.5L/year get full interest subsidy during the moratorium. The Dr. Ambedkar scheme covers OBC/EBC students for overseas education.

Q: What collateral is needed for an education loan?

Loans up to ₹7.5 lakhs are collateral-free (only a co-applicant/guarantor needed). Above ₹7.5 lakhs, banks may require property, FD, or LIC policy as collateral. Some banks have higher collateral-free limits for premier institutions (IIT, IIM, AIIMS).