Tata Capital Education Loan: Features, Interest, Documents

Tata Capital Education Loan
Home » Education Loan » Tata Capital Education Loan: Features, Interest, Documents

Tata Capital is a leading financial institution in India and is renowned for providing education loans to study abroad. You can get upto INR 2 crore education loan from Tata Capital. The students will get multiple benefits from the Tata Capital study abroad loan. It provides both secured and unsecured loans at competitive interest rates, ensuring that borrowing remains both affordable and manageable. 

The education loan repayment options of Tata Capital allow individuals to start the payments after finishing their education, enabling them to concentrate on their studies without facing immediate financial pressure. Let’s check all the major features, eligibility etc of the Tata Capital education loan.

Overview of Tata Capital Education Loan

The Tata Capital Education Loan presents a comprehensive financing solution to support individuals pursuing higher education. With competitive interest rates and flexible repayment options, it provides financial assistance without imposing immediate burdens. Check the major features of Tata Capital education loan below:

ParticularsDetails
Loan AmountUp to INR 2 crore
Rate of Interest10-11%
Collateral RequirementNot Required for loans up to INR 75 lakh
Repayment PeriodUp to 13 years
Margin Money5-15% (based on creditworthiness)
Processing FeeUp to 1% of loan + GST

Also Read: Planning to pursue law? Check here all about LLB Education Loan to Study Abroad

Eligibility Criteria

Students must check the eligibility criteria before applying for the loan. If the loan gets rejected on an eligibility basis then it impacts your credit score negatively. Check the major eligibility criteria for the Tata Capital education loan below:

  • The student and the co-applicant must be an Indian citizen.
  • The minimum age of the student should be 18 years.
  • The student shall be pursuing undergraduate, postgraduate, executive MBA or any other vocational courses.
  • The admission shall have been confirmed by the university.
  • The academic record of the student must be strong.

Tata Capital Education Loan Interest Rate

Tata Capital interest rate usually starts from 10% to 11%. The interest rate depends upon a lot of factors such as the credit history and score of the student and co-applicant, net loan amount, repayment period, type of interest rate (fixed or floating) etc. Check more details below:

  • The interest rate on an education loan starts at 10.99% and may vary depending on the above-mentioned factors
  • Usually, the interest rate is less if you have a strong credit score and a good academic background
  • Always try to negotiate with the lending institution for interest rates if you have a good credit score

Also Read: Want an easy loan without the hassle of monthly EMI payment? Check here all about Gold Loan for Education

How to Apply for Tata Capital Education Loan

Tata Capital education loan application process is completely online. You can apply for the loan by simply visiting their website and submitting the loan application form along with the required documents. Check the steps below:

  • Visit the official website of Tata Capital
  • Go to the Education Loan page
  • Select ‘New Customer’ and then choose the employment type
  • Enter your phone number and click on ‘Proceed’
  • Fill out the education loan application form properly and upload the required documents
  • The lender will contact you for further assistance

Documents Required for Education Loan

Documentation is one of the major steps in processing the education loan. You need to submit multiple documents related to your education, income and address. Check the list below:

  • Photo ID proof: Aadhar card, voter ID, passport, etc.
  • Attested copies: School mark sheets and certificates.
  • Admission letter: From the university.
  • Income proof: Last three months’ salary slips and guarantor’s ITR documents.
  • Employment details: If applicable.
  • Property documents: If offering as collateral.
  • Income proof: Last six months

FAQs on Tata Capital Education Loan

What is the maximum loan amount I can get from Tata Capital for education purposes?

Tata Capital offers loans for amounts up to INR 2 crore. This limit ensures that students have access to sufficient funds to pursue their educational aspirations, whether it’s for undergraduate, postgraduate, executive MBA, or vocational courses, both domestically and internationally.

Does Tata Capital require collateral for education loans?

Tata Capital provides flexibility in its lending options. For loans up to INR 75 lakh, no collateral is required. For loans above INR 75 lakhs, you need to pledge collateral.

When can I start repaying my Tata Capital education loan?

Repayment of education loans can commence after the completion of the course. This grace period allows students to focus entirely on their studies without the immediate burden of loan repayment.

What are the eligibility criteria to apply for a Tata Capital education loan?

To qualify for a Tata Capital education loan, applicants must meet specific eligibility criteria. The student should be a minimum 18 years of age, pursuing eligible courses as confirmed by an accredited university, and maintaining a strong academic record.

How can I apply for a Tata Capital education loan?

Applying for a Tata Capital education loan is a straightforward process facilitated through their user-friendly online platform. Applicants can visit the official Tata Capital website, navigate to the education loan section and fill out the application form.

Tata Capital Education Loan at competitive interest rates, flexible repayment options, and loan limit of up to INR 2 crore. By providing both secured and unsecured loans and requiring no collateral for loans up to INR 75 lakh, Tata Capital ensures that financial constraints do not hinder educational aspirations.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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