Elevate Your Institute with Varthana Student Loans Solutions

An education loan is a loan that college going students can apply for to help pay for their education in India. Different banks, NBFCs, and financial institutions offer education loans to aspirants to make quality education affordable.

Varthana specializes in partnering with colleges and institutions to provide these education loans to the students enrolled there. By collaborating with educational institutions, Varthana ensures that associated colleges and institutions increase enrollments, improve cash flows, and reduce dropout rates, ultimately contributing to a more educated and skilled workforce. Want to partner with us? Get in touch

Education loans cover the entire education-related expenses including tuition fees, hostel: food and accommodation expenses, classroom requirements like books and uniforms, purchase of laptops and training materials, expenses covered for study tours etc. By associating with us, Varthana partners can ensure that their students have access to the financial support they need to pursue their academic goals. Click here to know more

Varthana offers collateral-free student loans to students enrolled in associated partner institutes. These loans are specifically designed for higher studies within India. However, the maximum limit on education loans may vary from lender to lender. Click here to partner with us.

Varthana only partners with Indian colleges and institutions to provide educational loans, although some lenders lend to both domestic and overseas students.

The lender usually requires documents such as admission or acceptance letter from the institution, college fee structure, Class X, XII and graduation (if applicable) marksheets. Income documents of the co-applicants (Parents or Guardian) including bank statements, salary slips and income tax returns are needed in some cases. Furthermore, submitting KYC documents is required.

Varthana Relationship Managers can guide partner institutes through the application process and assist in completing all relevant paperwork.

Margin money is a certain percentage of the complete cost of education the borrower is required to fund on his/her own, basically out of own pocket. The remaining amount is then paid by the bank in the form of an education loan. This can differ among banks and the basis of the university, loan amount etc. So be sure to check the margin requirement of the lender before signing the papers.

Education loans are offered in both secured and unsecured format. The bank may ask for a third party guarantee or collateral depending upon the value of the loan. Varthana only offers unsecured loans to students enrolled in associated partner institutes. Ready to partner with us? Click here

We pay the entire year’s fee upfront to the institute, college, or university associated with us, which helps them manage their funds efficiently. By doing so, the institute, college, or university can relieve themselves of financial burdens and experience growth in student enrollments while reducing dropout rates. This upfront payment ensures that students receive easy financial assistance, making it easier for them to pursue their education without financial strain.

The Banks/NBFCs/Financial institutions verify the employment of the co-applicant (parent or guardian) to check the eligibility of the loan applied. Varthana only lends loans to students enrolled in partner institutes. Click here to check eligibility.

Credit score is an important factor in determining the creditworthiness of the applicant and co-applicant for borrowing the education loan.