Education Loan: Education loans can also be entered into for school studies, the form only fills in after knowing the conditions

Last updated: June 24, 2025, 08:12 IST Teaching Loan for School Fees: The child must be taught in the top school in the city, but the steps are stopped after seeing the fees. If so, you can also use an education loan. Loan on School Education: Suitability was determined for education loans. Highlights also give loans to study in some banks. School education loans can cover fees and other expenses. Make sure you find the interest rate before the loan. New -delhi (education loan for school fees). Nowadays, the top schools of the city have left the reach of ordinary people. Along with subway cities such as Delhi, Mumbai, Noida, Bangalore, it becomes difficult to pay the fees of schools in Tier 2 and Tier 3 cities. The school fees do not appear to be possible, but if you will, you can get the first -class education to your child by taking a school education loan. For this, you must be eligible and know other important details. Education loan facility can also be taken for school education (from nursery to 12th standard) in India. People usually take loans for higher education (graduation, post-graduation). The loan taken for school fees is less common than them. However, State Bank of India, Bank of Baroda Bank such as government banks and private banks such as ICICI, HDFC and some financial institutions also offer school education loans. School education loans cover tuition fees, books, uniforms, residences and other school -related expenses of schools. The school education loan is mainly designed for families who are experiencing difficulty spending high fees or other education -related expenses of private school. Most of the best private school fees are in millions. In this situation, needy parents can take education loans from banks and NBFCs (financial companies that do not banks). School Education Loan Counting: Who can take school education loan? School loan amount and conditions may differ from the loan for higher education. Many banks offer a low amount (up to Rs 4 lakh) without any security, while a large amount of collateral (eg property) requires. The qualification of the eligible for school education for school education may differ from the bank. Below are some of the general terms: Indian citizenship: Applicant (student or guardian) must be an Indian citizen. Some banks also give loans to NRI (NRI) students (if they have a valid Indian passport). Student’s age: School education loan is usually available to students between 3 and 18 years. Some banks hold the minimum age limit of 16 years. Admission to School: Student admission must be in a recognized school (associated with CBSE, ICSE, State Council or International Council). Banks look at the reputation and recognition of the school. Co-applicant: Parents (parents or legal parents) must join co-applicants for school loans. It is necessary to have regular income (salary, business or other source) of co-applicant. Revenue restriction: The annual revenue of the family must be up to Rs 4.5 lakh to take loans among some government schemes such as central sector interest subsidy (CSIs). However, private banks can increase this limit to Rs 8 lakh. Loan limit for school education: The school education loan loan is usually up to Rs 4 Lakh for school education. But some banks also offer loans up to Rs 10 lakh. No guarantee of collateral or third parties is needed for loans to Rs 4 lakh. Guarantee is provided under Credit Guarantee Fund Scheme for Education Loans (CGFSEL) for loans to Rs 7.5 Lakh. This amount covers the expenses mentioned below: tuition fees, residence fee and exam fee. Books, uniforms and other educational materials. Laptop or other equipment, if necessary for school. Travel expenses, as the student studies in the boarding school. Documents required for the Loan for Education, must submit some compulsory documents for loans: Students’ documents: Aadhaar card, pan -card, passport size photo and proof of admission to the school. Documents of co-application: Aadhaar, Pan, Revenue (ITR, Slip) and Bank Statement. School related to school: fee structure, account and acknowledgment. Safety (if applied): Real estate documents or other collateral papers. Government education loan: Government schemes for loan and subsidy can benefit from some government schemes that take loans for school education. PM-VIDYALAKSHMI YOJANA: This scheme offers loans without collateral to deserving students. Families with revenue up to Rs 8 lakh get 3% interest subsidy. Central Sector Interest -subsidies (CSIs): Families with revenue up to Rs 4.5 lakh receive interest subsidies during the moratorium period (course duration + 1 year) of the loan. Vidya Laxmi Portal: Students can apply for loans in many banks with the same application through this portal. About the author Deeepali Porwal who has an experience of 9 years, she likes to write about everything and everything related to lifestyle, entertainment and career. She is currently working on wide topics related to education and career, but she also reads more with a 9 -year experience. She likes to write about anything about anything, entertainment and career. She is currently working on wide topics related to education and career, but she also reads more home care. Can you also take loans for school studies? Know Conditions and Conditions