Overview
At V Key Finserv, we think that a prosperous future is built on a foundation of high-quality education. Our Education Loan is intended to help you and your child fulfill your aspirations of studying in India or overseas without placing a burden on your family’s finances.
Our Education Loan is a wise investment for your academic aspirations because it offers flexible repayment options, reasonable interest rates*, and coverage for living expenses, travel, lodging, and tuition.
Features
Why Choose V Key Finserv’s Education Loan?
- Loan amounts* of up to ₹1 crore for overseas studies and ₹50 lakh for Indian colleges.
- Interest rates* that are appealing start at 8.5% p.a.
- covers all costs, including living expenses, books, travel, lodging, and tuition.
- Adjustable Repayment Tenure: for a maximum of 15 years following the end of the course.
- Repayment begins six to twelve months after the end of the course, known as the moratorium period.
- No Prepayment Penalty: Pay back early without incurring additional fees
- Tax Benefits: under the Income Tax Act’s Section 80E.
- Fast Disbursal: money sent directly to the organization or as needed.
- Depending on the loan size and eligibility, there are both collateral and non-collateral options
Invest in Your Dreams – Act Now!
Eligibility
To apply for an Education Loan, you must meet the following criteria:
1.Applicant Age
- 18 to 35 years old.
- Age up to 45 for professionals in the workforce.
2.Nationality
- NRIs or Indian nationals who have an Indian co-applicant.
3.Course & Institution
- Admission to accredited universities in India or abroad for professional, graduate, undergraduate, or certificate programs.
4.Academic Record
- Stable academic standing and a legitimate letter of admission.
5.Co-Applicant
- A spouse, parent, or guardian as a co-borrower (for students).
Documents Required
We keep paperwork simple so you can focus on studies:
Applicant’s KYC (any one)
- Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
Academic Documents
- Marksheets (10th, 12th, Graduation, etc.)
- Entrance exam results (if applicable)
- Admission letter from institution
Income Proof of Co-Applicant
- Salary slips (last 3 months)
- ITR (last 2 years)
- Bank statements (last 6 months)
Collateral Documents (if applicable)
- Property papers, valuation report, encumbrance certificate
Fee Structure
- Official estimate of tuition and other expenses from the institution
EMI Calculator
With our Education Loan EMI Calculator, you can estimate:
- Monthly EMI
- Total interest payable
- Overall repayment amount
Simply enter loan amount, interest rate, and tenure to plan your repayment comfortably.
EMI Calculator
Loan EMI
Total Interest Payable
Total Payment
(Principal + Interest)
Fees and Charges
Our transparent fees ensure you know exactly what to expect:
Particulars | Charges |
Loan Processing Fees* | 1% to 2% of loan amount |
Prepayment/Foreclosure Charges | Nil |
Penal Charges on Overdue EMI | 2% per month |
EMI/Cheque Bounce Charges | ₹500–₹750 per instance |
Legal & Documentation Fees | As per actuals |
Foreign Remittance Charges | As per bank norms |
Note: Conditions Applies*
Reviews
FAQs
Tuition, accommodation, travel, books, lab fees, and living expenses.
Yes, we can issue a sanction letter subject to admission confirmation.
For smaller loan amounts, no collateral is needed. Higher amounts may require security.
Usually course duration + 6–12 months.
Yes, with no prepayment penalty.
Yes, if the institution is recognized.
They have similar features but may require additional documentation for foreign remittance.
Parents, guardians, or spouse.
Usually 3–7 working days after documentation.
Yes, under Section 80E of the Income Tax Act.
