Education Loan
Making Young India Financially Able
Believe that learning is earning? A personal loan for education from Finnable helps you cover tuition, study materials, and living expenses—whether you're learning in India or abroad. Apply online in minutes and get quick approval, with no collateral and transparent education loan interest rates.
Paperless
No Collateral
Loan in 60 Minutes
Calculate Your Education Loan Limit
You are eligible for Loan AmountKey Features & Benefits
Low EMIs
Enjoy lower EMIs with interest charged on a reducing balance, not a flat rate — so you pay less over time.
Quick Disbursal
Get funds directly in your bank account — with fast approval and hassle-free processing.
Flexible Loan Options
Choose a loan amount and repayment period that fits your needs and financial goals.
Your Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Who Can Apply?
To be eligible for a personal loan for education from Finnable, you must:
- Have a full-time job in the public or private sector
- Be between 21 and 55 years old
- Earn at least ₹15,000 per month
- Be a citizen or resident of India
- Have a credit score of 700 or above
How to Check Your Education Loan Eligibility?
Checking your personal loan for home renovation eligibility is quick and easy:
- Visit the Finnable website and log in with your mobile number
- Enter basic details like your PAN, age, income, and city
- Get instant results — our smart tool shows your eligible loan amount right away
Application Process
Getting a personal loan for education is quick and easy — just follow these simple steps:
Set Up Your Profile
Sign up with your name, email, and mobile number. Verify your number with an OTP, then fill in your address and job details.
Choose Your Loan
Select the loan amount, choose the loan product, and pick a repayment period that fits your needs.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure they’re clear and legible, then submit for verification.
Documents Required for Education Loan
You will just need a few basic documents to get started with your personal loan for education:
- PAN Card
- Aadhaar Card (as ID proof)
- Last 3 Months’ Salary Slips
- Last 3 Months’ Bank Statements
Interest Rates & Charges
- Interest Rate: The interest rate for personal loans for education at Finnable ranges from 16% to 30.99% per annum. The exact rate is determined based on factors like your income, credit score, and employment status.
- Processing Fee: A processing fee up to 5% + GST is applicable, to cover administrative costs. The fee is usually deducted from the loan amount at the time of disbursement.
- EMI: The loan is repaid in monthly Equated Monthly Installments (EMIs), and the exact EMI amount will depend on the loan amount, interest rate, and tenure.
- Loan Tenure: 6 months to 60 months.
It's important to check the loan terms thoroughly before finalizing your loan application to understand the full scope of fees and charges associated with the personal loan.
What can you take an Education Loan for?
A personal loan for education from Finnable can help cover:
- Course Fees – For degrees, diplomas, or online certifications
- Study Materials – Books, laptops, and other essentials
- Exam & Application Fees – Entrance exams, university applications, and admin costs
- Living Expenses – Accommodation, travel, meals, and more
- Overseas Education – Cover additional costs if you're studying abroad
With a 100% digital process, transparent terms, and support at every step — you focus on learning, we’ll handle the rest.
Why Choose Finnable For Personal Loan?
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What's the Minimum Credit Score for an Education Loan?
Your credit score plays a major role in getting approved for a personal loan for education. A score of 700 or above shows you're financially responsible, making it easier to qualify and unlock better offers. Most lenders, including Finnable, prefer applicants with strong credit histories. If your score is lower, you may still be eligible with a co-applicant who has a good credit score. A higher score (750+) can also help you access lower interest rates and exclusive benefits.
