Education Loan in India | Varthana

Education Loan in India

Education loans are a long-term investment. Taking out an educational loan in India allows students to continue their studies at their preferred universities. It contributes to the growth and development of the citizens and the country.


    Best Education Loan in India

    It is obvious that we cannot return to the world as it once was. The pandemic has radically reshaped our world, thus reshaping the education sector. But we can’t just sit back and watch what plays out. Many students aspire to get into their dream college or pursue higher education from a reputed institute. In this costly world, a situation made worse by high education inflation, many parents may find it difficult to support their child’s education as the economy suffers in the present situation. Whether you wish to take a management degree or engineering, an education loan could be the answer. Varthana offers the best education loan in India.

    A student can apply for education loan in a public sector or a private bank or even a non-banking financial company (NBFC). You can easily get an education loan in India (with no collateral) from Varthana. We offer the best education loan in India. This loan will get you a step closer to your dream career, besides offering several other advantages that will allow you to focus on your studies without worrying about money. To make responsible, effective decisions about funding your education, you must fully understand the application process, disbursement, and repayment requirements. Varthana education loan also covers the cost of boarding, lodging, tuition fees, travel and other related costs for the student.

    Why should you take an education loan in India?

    Here’s why you should always consider taking an education loan in India:

    • Be financially independent
    • Reap Income tax benefits under 80E of IT Act
    • Leverage flexibility during repayment
    • Strengthen your credit history
    Side banner-Education loan in India

    Varthana Education Loan Eligibility Process:

    Our education loan process is divided into 3 steps:

    1. Apply


    To apply for education loan for higher studies, visit Fill out and submit the contact form or give us a call at 080-68455777. Our customer service team will contact you within 4 hours of the business day (Mon-Fri, from 9.30 am to 6.30 pm) seeking detailed information. After that we will assign a dedicated relationship manager to fulfil your education loan needs.

    2. Approval


    Our dedicated relationship manager will call you or write you a mail, and fix up an appointment to understand your requirements. We will also advise you on the necessary documents required to avail an education loan in India. Upload the loan application document with the help of telecallers. Get your loan approved within 72 hours after verification.

    3. Disbursement


    After necessary due diligence and education loan eligibility calculation, the education loan would be approved in principle. The education loan for higher education will be disbursed to the institute while you pay flexible EMIs.

    Documents required for Education Loan


    Documents we need from you

    • KYC documents
    • Proof of admission to the course (Offer letter/Bonafide letter from the institution)
    • Schedule of expenses (Fee Structure)

    Co-borrower (Parent/Spouse/Guardian) – General Documents

    • KYC Documents
    • Proof of current residence (Gas Bill, Rental Agreement or any KYC)
    • Income Documents

    Note: For retired Co-borrowers we need only their ID’s, residential proof, 6 months bank statement and pension order

    Co-borrower (Parent/Spouse/Guardian) – Income Proof Documents

    For Salaried:

    • 3 months salary slips / Salary Certificates.
    • Salary a/c statement for the last 3 months with credited salary banking.

    For Business:

    • Latest 1-year full ITR set (Computation of income + P/L Statement & Balance Sheet)
    • Savings and current a/c statement for last 6 months
    • Business proof
    • Special Programs for Business Individuals without ITR

    Why Varthana

    Varthana is India’s fastest-growing education loan company.

    Varthana is India’s fastest-growing education loan company

    We are helping students achieve their education goals.

    We are helping students achieve their education goals

    We operate in 10 cities and are recognised as one of the top education loan companies in India.

    We operate in 10 cities and provide the best education loan in India


    top higher education

    400+ partner institutions and growing

    400+ partner institutions and growing

    400+ partner institutions and growing

    Flexible EMI options and doorstep service

    Varthana has flexible EMI options and doorstep service

    Full-fledged online process

    Full-fledged online process



    Quick processing of the loan application


    Frequently asked questions of student loan

    Apply for an education loan for higher studies by visiting Fill out an enquiry form or reach us at 080-68455777 

    Usually, we take two weeks to process your loan application and disburse the loan amount.

    You can repay the education loan for higher studies to the lender. Over the loan’s term, these will be paid in Easy Monthly Installments (EMIs). Repayment options include the Electronic National Automated Clearing House (e-NACH) or Post-Dated Cheques (PDCs).

    The interest rate is calculated using a variety of factors such as the loan amount requested, the type of education loan selected, the loan tenure chosen, the student/co-future borrower’s cash inflow, loan repayment history etc.

    There are many banks providing education loan at low interest rate but no bank provide education loan interest free.

    The guardian or parent will be required to provide KYC and income-proof documentation in order to obtain the loan as your co-borrower.