Education is one of the best investments, but it often comes with a heavy price tag. Whether you're aiming for a degree in India or abroad, a student loan can ease the financial burden and help you focus on your future. With Vizzve Finance, accessing education loans is faster, simpler, and smarter.
Here’s everything you need to know before applying for a student loan in India.
🎓 What Is a Student Loan?
A student loan (also called an education loan) is a financial product designed to help students pay for higher education – covering tuition fees, hostel, books, travel, and living expenses.
📋 Features of a Student Loan
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹50 lakhs+ |
| Tenure | Up to 15 years |
| Interest Rate | Starting at 8.5% p.a. |
| Moratorium Period | Course period + 6 to 12 months |
| Collateral Requirement | Optional (for loans under ₹7.5L) |
| Coverage | India & Abroad education programs |
🎯 Courses Covered
Undergraduate & Postgraduate Degrees
Professional courses (Engineering, Medicine, MBA, Law)
Diploma or certification courses
Education abroad (GRE, GMAT, TOEFL accepted)
👥 Eligibility Criteria
Applicant must be an Indian citizen
Confirmed admission in a recognized institution
Co-applicant (parent/guardian) required for most loans
Academic performance may be considered
📂 Documents Required
Student:
Aadhaar, PAN
Admission letter from university/institute
Mark sheets (10th, 12th, degree)
Co-applicant:
ID and address proof
Income proof (Salary slips / ITR)
Bank statements
Others:
Fee structure from the institution
Passport/Visa (for foreign studies)
💡 Why Choose Vizzve for Student Loans?
✅ Fast-track loan approval process
✅ No hidden charges
✅ Lower interest rates for top institutions
✅ Special offers for female students
✅ Flexible repayment plans post-course completion
✅ Guidance for education abroad loans
💰 Repayment & Moratorium Period
No repayment needed during the course period
Grace period of 6–12 months after course completion
EMI starts after the moratorium ends
Prepayment allowed with minimal or zero charges
✅ Pro Tips for Students & Parents
Check for subsidy schemes like the Padho Pardesh or Central Sector Interest Subsidy Scheme (CSIS)
Maintain a good CIBIL score (or co-applicant’s score)
Choose government-recognized institutions
Use Vizzve’s EMI Calculator to plan ahead
❓ FAQs – Student Loan India
Q1. Can I get a student loan without collateral?
Yes, loans up to ₹7.5 lakhs often don’t require collateral.
Q2. Do I need a co-applicant?
Yes, usually a parent or guardian must co-sign the loan.
Q3. Is interest charged during the study period?
Yes, but some lenders (including Vizzve) offer interest subsidies or deferment.
Q4. Can I repay the loan early?
Absolutely. Vizzve allows early repayment with zero to minimal foreclosure charges.
Q5. What if I study abroad?
Vizzve supports international education loans with custom terms and forex support.
🧑🎓 Invest in Education, Empower Your Future
Don’t let financial hurdles block your academic journey. With Vizzve Finance, students and parents can unlock access to quality education with transparent, flexible student loan options.
🎯 Apply today at www.vizzve.com – because your dreams deserve the right foundation.
Published on : 22nd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed