NBFC
Tata Capital
Tata Capital Education Loan
Families who want an NBFC quote alongside Credila and Avanse.
Check Tata eligibilityNBFC quotes move with the profile. Section 80E applies only if the lender is notified.
What to know
- Funds studies in India and abroad.
- Collateral and the rate are set per file.
- Put the quote next to a public-sector sanction before you disburse.
Terms
- Interest
- Profile-based
- Maximum
- Profile-based. Often larger than a public-sector unsecured loan.
- Without collateral
- Higher than the IBA cap, if the profile fits
- Tenure
- Up to 10–15 years, by product
- Processing fee
- Typically 1% or more, plus GST.
- Margin
- Often nil.
- Moratorium
- Course period plus a grace period. Simple interest is often charged during study.
- Girl student
- Not a standard concession. Ask on the quote.
- Typical speed
- About 2–7 working days
- Covers
- India and abroad
Eligibility
- Indian national, or an OCI where the lender allows it, with an admission offer.
- A co-applicant, usually a parent or guardian.
- Acceptable credit on the co-applicant for anything above the unsecured cap.
Documents
- Admission letter or college allotment, plus the fee structure.
- KYC for the student and co-applicant: PAN, Aadhaar, and passport-size photographs.
- Academic records: Class 10, Class 12, and degree marksheets.
- Co-applicant income proof: salary slips or ITR, and six months of bank statements.
- Collateral papers only when the loan is above the unsecured limit.
The bank or NBFC sanctions the loan. This page is a briefing so you can compare, not an offer.