Apply for Best Education loans in Chennai 2024

Education loans in Chennai: Get lowest Interest rates, Documents list & Eligibility Information in Chennai for Education loan (Study in India & Abroad) through SBI, HDFC, Credila, PNB, Indian bank, Bank of Baroda, Bank of India and Axis Bank etc.

Enjoy triple benefits when you take an Education Loan in Chennai:

  • Faster loan – Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
  • Competitive pricing – Our loan rates and charges are very attractive
  • Transparency – All charges are communicated up front in writing along with the loan quotation

For Interest Rates on Education Loans – Click Here

Loan Repayment: 15 years or Varies from Bank to Bank.

SBI Education Loan HDFC Education Loan Credila Education Loan UCO Bank Education Loan
Vijaya Bank Education Loan Bank of India Education Loan Union bank Education Loan

Eligibility Required for Education Loan in Chennai:

  • You need to be a Indian resident
  • You should be aged between 16 – 35 years.
  • If you are taking a loan of more than Rs. 7.5 Lakh, a collateral security will be required.
  • Co applicant: A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants:
    • Primary Co-Applicants: Parents, Spouse, Siblings
    • Secondary Co-Applicants: Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt

Benefits of Educational Loan in Chennai:

  • Avail tax benefits under section 80(E) of income tax Act 1961
  • Flexible repayment options
  • Option to avail insurance cover for your loan

Documentation Required for Education Loan in Chennai:

  • Completed Education Loan Application Form.
  • Mark sheets of last qualifying examination
  • Proof of admission scholarship, studentship etc
  • Schedule of expenses for the specified course
  • 2 passport size photographs
  • PAN Card of the student and the Parent/ Guardian
  • Borrower’s Bank account statement for the last six months
  • Income tax Returns/ IT assessment order, of last 2 yrs (If IT Payee)
  • Brief statement of assets and liabilities, of the Co-borrower
  • Proof of Income (i.e. Salary slips/ Form 16 etc. if applicable)

Banks list which Lend for Education Loan in Chennai:

  • Bank Of Maharashtra: Sivagnanam St, Thiyagaraya Nagar, Chennai, Tamil Nadu
  • State Bank of India: South Thirumalai Nagar, Seeyalam, Chennai, Tamil Nadu
  • State Bank of India: 5, 1st Cross St, Baktavatsalm Nagar, Adyar, Chennai, Tamil Nadu 600020
  • Purasavakkam High Rd, Perumalpet, Purasaiwakkam, Chennai, Tamil Nadu
  • Union Bank of India: TS Krishna Colony, Tamil Nadu
  • Oriental Bank Of Commerce: 3rd Ave, Anna Nagar, Chennai, Tamil Nadu
  • Indian Overseas Bank: Balaji Avenue 1st St, Gangai Karai Puram, Thiyagaraya Nagar, Chennai, Tamil Nadu 600017
  • HDFC Bank: No.15, N.K. Complex, Nelson Manickam Rd, Near Razak Garden, MMDA Colony, Arumbakkam, Chennai, Tamil Nadu 600106 ‎
  • State Bank of Hyderabad: 37/b Whites Road,Thousand Lights, Royapettah, Chennai, Tamil Nadu, 600014
  • Bank of Baroda: 28, N Beach Rd, George Town, Chennai, Tamil Nadu 600001
  • 90, Alwarpet, CP Ramaswamy Rd, Chennai, Tamil Nadu 600018 ‎