Education Loan in Kanpur

Let us be your trusted companion, guiding you through all the essential aspects of education loans in Kanpur. We will cover everything you need to know, from the available loan providers to the eligibility criteria and required documentation. Whether you plan to study in India or abroad, our goal is to provide you with the knowledge and guidance necessary to make informed decisions.

The loan application considers various factors, allowing individuals to access significant loan amounts of up to 2 Cr. The interest rates for education loans in Kanpur vary from 8.5% to 13%, depending on factors such as the chosen course, destination country for education, and co-applicant analysis (if applicable). This range of options ensures flexibility and offers a variety of choices.

For Studies in India

For Foreign Studies

For Studies in India

NOTE- To check the latest interest rate of all the banks click here

For Foreign studies

NOTE- To check the latest interest rate of all the banks click here

For Studies In India

NOTE- To check the latest interest rate of all the banks click here

For Foreign Studies

NOTE- To check the latest interest rate of all the banks click here

• Principal Amount:- The principal amount signifies the initial disbursed loan sum granted by the lender to the borrower to support their educational endeavors. It denotes the specific monetary value that the borrower is obliged to repay, including the accumulated interest, upon the completion of their studies.
• Interest Rate:- The interest rate denotes the percentage imposed by the lender on the principal amount. It determines the cost of borrowing and directly impacts the Equated Monthly Installments (EMIs) that the borrower is required to remit. The interest rate for education loans can vary depending on variables such as the borrower's creditworthiness, the type of course or institution, and prevailing market rates.
• Moratorium Period:- The moratorium period for an education loan designates a defined time frame wherein the borrower is not obligated to make any loan repayments. Generally, this period encompasses the duration of the course and can extend from 6 months to 1 year after the completion of the course, contingent upon the lender's policies.
• Loan Margin:- Loan margin represents the percentage of the overall educational expenses that the borrower must personally finance. It indicates the portion of expenses not covered by the loan and necessitates the borrower or their family to bear this financial responsibility. Loan margin serves as a means to ensure the borrower's commitment and dedication to their education, acting as a financial stake in their academic pursuits.
• Collateral Margin:- In the case of a borrower opting for a secured education loan, collateral margin denotes the variance between the market value of the provided collateral and the sanctioned loan amount. It serves as a protective buffer for the lender in the event of a decline in the collateral's value, ensuring that the collateral remains adequate to cover the loan amount.

• Admission Fees:- Securing a place in a course requires the payment of an upfront admission fee, which aims to cover administrative expenses. The amount of this fee varies across educational institutions.
• Tuition Fees:- Referring to the actual cost of the course itself, tuition fees can be paid either in installments or in full at the beginning of each academic year, giving students flexibility in managing their financial obligations.
• Hostel and Mess Charges:- If students opt for on-campus accommodation, they may incur charges for hostels and meals. The specific costs associated with these facilities depend on the institution and the type of housing chosen.
• Library, Laboratory, and Examination Fees:- Additional charges may include fees for accessing library resources, utilizing laboratory equipment, and registering for examinations. These fees contribute to the overall academic experience and support the provision of necessary resources.
• Visa Fees:- Students planning to pursue their studies abroad will need to go through the visa application process, which incurs a certain cost. Visa fees cover the necessary documentation and procedures required for international study.
• Insurance Premium:- While not mandatory, students have the option to pay for insurance coverage, which provides protection in the face of unforeseen circumstances such as death or permanent disability. This additional expense ensures peace of mind during the study period.
• Miscellaneous Costs:- This category encompasses any other expenses that may arise during the course of study. It includes travel expenses, costs for study materials, and miscellaneous expenses related to projects or assignments. These additional costs can vary depending on the individual student's requirements and circumstances.

• Wide Range of Options and Expert Guidance: Our extensive network includes over 14 public and private banks, as well as NBFCs in India, providing you with a diverse range of education loan choices. Our team of financial officers is here to offer expert guidance and help you navigate through the options to find the most suitable one for your needs.
• Speedy Processing and Negotiation Support: We understand the importance of quick loan processing. With our streamlined process, private bank or NBFC loans can be approved in just 6-7 days, while collateral-based loans from public banks take around 15-20 days. Our financial officers also provide negotiation support to ensure favorable loan terms and interest rates.
• Student-Friendly Interest Rates and Tax Benefits: As a leading education loan partner, we have negotiated exclusive deals with banks, resulting in student-friendly interest rate reductions ranging from 0.5% to 2%. Additionally, we provide information on tax-saving programs like Section 80E and 80C, as well as tax collected at source (TCS), helping you save money and enjoy tax benefits on your student loans.
• Hassle-Free Online Applications: Say goodbye to the hassles of traditional loan applications. Our user-friendly digital platform allows you to conveniently apply for student loans from the comfort of your home, eliminating the need for long queues and multiple visits to banks.
• Comprehensive Support and Fund Disbursement: From start to finish, our dedicated financial officers provide end-to-end support. They address any concerns you may have after loan approval and ensure a seamless fund disbursement process, ensuring that you receive the funds when you need them.
• No Charges and Cashback Bonus: As a recipient of funding from the IT Ministry as part of the Digital India Campaign, we offer all our loan approval services to you completely free of charge. Moreover, eligible students may even receive a cashback bonus of up to Rs 3,000 upon loan disbursement, providing an additional benefit to your financial package.

1. Begin your educational journey by requesting a callback from WeMakeScholars, initiating an exciting process that will shape your future.
2. Expect a call from a WeMakeScholars financial officer who will evaluate your eligibility for an education loan through a series of questions, providing valuable insights and assistance.
3. Experience a seamless and convenient application process as the financial officer connects you with suitable lenders. You will receive a secure link to effortlessly upload all the necessary documents, saving you time and effort.
4. Rest assured that your application will be handled diligently by the assigned lender, while your dedicated financial officer remains available to address any queries or concerns you may have.
5. Anticipate the arrival of your sanction letter, a significant milestone in your educational journey that signifies the realization of your academic goals, as promised by your trusted financial officer.
6. WeMakeScholars goes beyond just providing loan assistance. They offer a comprehensive range of services, including guidance on scholarship opportunities and support with loan repayment options, ensuring a holistic approach to your educational financing needs.
7. With WeMakeScholars as your partner, you can confidently navigate the loan application process, knowing that you have a reliable and supportive team dedicated to helping you achieve your educational aspirations.