Education Loan

Tirupati Bank    07-Oct-2025
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Education Loan

Our bank provides comprehensive financial assistance to students who aspire to pursue higher education, both within India and abroad.
Our educational loans are designed to cater to a wide range of expenses that students may incur during their academic journey, including payment of admission fees, accommodation and boarding expenses, purchasing a laptop and meeting travel expenses.

We aim to make quality education accessible to every deserving student, without any financial constraints and offer flexible loan terms and repayment options to ensure that your academic pursuits are not hindered by financial limitations.

  • Higher education funding
  • Flexible repayment options
  • processing fees - 1.10% + GST of sanctioned amount
  • Moratorium Period
  • Attractive Interest rates
  • Simple Application process

Simple Eligibility

We welcome all aspiring students who are seeking a job-oriented higher technical, professional, medical, engineering, or any other course that complies with our bank’s policy. We believe that education is the cornerstone of a bright future and are dedicated to supporting students in their academic pursuits.

 

A Push To Student's Aspirations

Our educational loan is designed to provide students with the financial assistance they need to pursue their dreams, and we are committed to helping them achieve their goals. So if you are a student looking for a loan to support your education, we invite you to apply with us and take the first step towards realizing your potential.

 
 

FAQs

01. What documents are required for Education Loan?

Checklist: Documents to be obtained for processing of education loan application

Applicant
 
  1. For Student
  2. Latest copy of fees structure
  3. Education cert. of student
  4. Bonafide of student (if any)
  5. KYC documents (Latest Photo, Copy of Latest Utility bill (link document in case of rented premises), Aadhar card and Pan Card. For co-applicant –Parents
  6. Registration under shop and establishment Act & Registrations Certificate under GST
  7. KYC documents (Latest Photo, Copy of Latest Utility bill (link document in case of rented premises), Aadhar card and Pan Card.
  8. Provisional financials for current financial year
  9. Last three years ITR computation of income & balance sheet [last three years ITR computation & form 16 for salaried]
  10. Last one year bank account statement (all saving as well as current bank accounts maintained)
  11. Latest Net worth statement (in case of loan amount of Rs. 25.00 Lakhs & above)
  12. Certificate for statutory dues from Chartered accountant (in case loan amount is Rs. 50.00 Lakhs & above)
  13. Details of all live loan accounts along with sanction letter & statement (NOC if any account is reported as closed)
 
 
Security related documents
  1. Title Document, Chain document, MAP Sanctioned from competent authority, Latest Tax receipt , Latest Mutation copy, NOC from Competent authority or other documents as advised by panel advocate
  2. Search report from Panel Advocate
  3. Valuation report Panel Valuer of Bank
 
 
Guarantor
  1. Profile and KYC documents of guarantor (Latest Photo, Copy of Latest Utility bill (link document in case of rented premises), Aadhar card and Pan Card.
  2. Last three years ITR computation of income & balance sheet [last three years ITR computation & form 16 for salaried]
  3. Last one year bank account statement (all saving as well as current bank accounts maintained)
  4. Latest Net worth statement (in case of loan amount of Rs. 25.00 Lakhs & above)
  5. Details of all live loan accounts along with sanction letter & statement (NOC is any account is reported as closed)
 
 
Note
  1. All documents should be self attested.
  2. KYC should be verified from originals
 
 
02. What is the repayment tenure offered?

Our educational loan provides you with the flexibility to choose a repayment tenure that aligns with your financial situation. You can repay the loan with ease by making convenient monthly instalments. You have the option to select a repayment plan of up to 84 equated monthly instalments, with or without a moratorium period as per the terms of your loan sanction.

 
 
03. What are other conditions that one should know before applying for a personal loan?

Parents should have a regular source of income to get an educational loan for their children. The loan incurs a processing/scrutiny charge of 1.15% of the loan amount, or as per the sanctioned terms. As a borrower, you will also be required to purchase shares of the bank as per the terms of your loan sanction. Additionally, other terms and conditions apply as per the sanctioned terms. We require two guarantees from individuals with a secure income and sufficient net worth, as well as a mortgage of immovable property with a market value sufficient to cover the loan amount as security for our educational loan.