Apply Personal Loan for Higher Education - Up to ₹30 Lakh

A Personal Loan for Education can cover not just tuition fees, but also expenses like books, travel, hostel charges, laptops, and exam fees. While traditional education loans have their place, many students today prefer a Personal Loan for Education due to its flexibility, faster approval, and minimal documentation. You can get a personal loan up to ₹ 30 Lakhs with interest rate starting as low as 11% p.a.* with L&T Finance and fulfil your education goals for a better future.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Big loan amount of up to ₹ 30 Lakh to clover all education-related expenses

Loan approval within 2 minutes* and quick disbursal

No requirement for collateral

Competitive interest rates starting from 11% p.a.*

Flexible tenure ranging up to 72 months

Complete online application process with minimal paperwork

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹15,000

₹20,00,000

Interest rate (per annum)

7.99%

15%

Loan tenure (months)

3months

48 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

Apply Now

Personal Loan Eligibility & Documents Required

Eligibility Criteria for Personal Loan for Education

Residency

Indian resident

Age requirement

21 to 58 years

Profession

Salaried or self employed individuals

Documents Required for Personal Loan for Education

Identity Proof

Passport | PAN Card | Driver License | Voter ID | Aadhaar Card

Address Proof

Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) | Passport | Voter ID Card | Driving License

Income Proof

Income proofs vary for different professionals across salaried and self employed

Please find the easy detailed list of required documents here

a) Salaried - Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate

b) Self Employed - Latest Income Tax Return (ITR)

c) Bank Statement -Last 3 month's statement is mandatory

d) Residence Ownership Proof - Not mandatory

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

FAQs & Support

View all

How much loan can I take under a Personal Loan for higher education?

You can avail a Personal Loan of up to ₹ 30 Lakh depending on your eligibility with L&T Finance.

How long does it take to get an education loan approved?

You can get loan approval within 2 minutes* if you meet all eligibility conditions and submit complete documentation.

Who is eligible for an education loan in India?

Any Indian student aged 21 and above can apply for a Personal Loan for Education in India.

What is a Personal Loan for higher education?

It’s a collateral-free loan to fund academic expenses like tuition, travel, and accommodation.

What is the current education loan interest rate offered by L&T Finance?

L&T Finance offers Personal Loan for Education at interest rates starting as low as 11% p.a.*

Who can be a guarantor for a Personal Loan for Education in India?

Parents, siblings, or spouses with stable income and a good credit can be co-applicants or guarantors.

What are the documents required for an education loan?

You’ll need ID proof, address proof and income documents to apply for a Personal Loan for Education with L&T finance.

Can I get an education loan without collateral?

Yes, L&T Finance offers education loan without collateral.

How can I apply for an education loan online?

You can easily apply by filling out the online application form, uploading the required documents, and setting up an e-mandate. After this, the loan amount will be directly disbursed into your bank account in no time.

Explore all FAQs

Personal Loan

I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call Center.

Jasbir Kaur

Punjab

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.

Vinod Bidlan

Andheri, Mumbai

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujarat