Choose From Leading Banks, Guided by Our Expertise
The Choice Advantage
Pursuing higher education, whether in India or abroad, often comes with significant financial needs. Students and parents don’t just want a loan; they want flexible repayment, transparent terms, and guidance through a complex process. At Money Basket, we simplify it by connecting you to multiple banks and NBFCs, comparing loan structures, moratorium periods, and repayment plans. From documentation to sanctioning, we guide you at every step so your education dreams are fully funded, without financial roadblocks.
- Access to multiple banks & NBFCs under one platform
- Competitive interest rates through side-by-side comparisons
- Faster approvals backed by established lender partnerships
- End-to-end assistance with paperwork and documentation
- Transparent process with no hidden charges or conditions
- Guidance from experts with 10+ years of loan experience
Clear Path Checked
Before applying for a education loan, it’s important to know whether you qualify. At Money Basket, we help you check your eligibility across multiple banks and NBFCs in one go — saving you the hassle of approaching each lender separately. Our team guides you through the criteria, explains how banks evaluate applications, and helps you strengthen your profile if needed. This way, you know exactly where you stand before starting the process.
- Age: 18–35 years for students at the time of application (some lenders allow higher if a co-applicant is included)
- Academic Admission: Proof of admission into a recognised institution in India or abroad
- Course Type: Professional, technical, graduate, or postgraduate programs generally approved by UGC/AICTE/government bodies
- CIBIL Score: Generally 700+ is preferred for smoother approval
- Academic Record: A good academic track record may improve approval chances
- Co-applicant: A parent/guardian/spouse with stable income is usually required as co-borrower
- Income of Co-applicant: Minimum income as per lender norms to ensure repayment capability
- Collateral: Required for higher loan amounts (usually above ₹7.5 lakh for Indian studies, varies for abroad studies)
Paperwork Simplified
Documentation is often the part students and parents find most overwhelming — especially when different banks and NBFCs ask for slightly different sets of papers. At Money Basket, we make this simple by guiding you step by step, ensuring nothing is missed that could delay approval. By preparing your documents in advance, you can enjoy faster sanctioning, smoother verification, and timely disbursement to the institution.
- Identity Proof (PAN, Aadhaar, Passport, Voter ID, Driving License)
- Address Proof (utility bill, Aadhaar, Passport, rental agreement)
- Admission Proof Co-applicant: Offer letter or admission letter from the recognised institution (India/abroad)
- Academic Records: Marksheets and certificates of qualifying exams (10th, 12th, graduation, etc.)
- Income Proof for salaried & self-employed
- Bank Statements: Last 6 months of co-applicant/guardian’s account statements
- Photographs (applicant/co-applicant)
- Collateral Documents (if applicable): Property papers, fixed deposits, or LIC policies used as security
- Applicant must have secured admission in a recognized institution
The Clear Path
Getting a education loan doesn’t need to be complicated. At Money Basket, we break down the process into simple, clear steps so you always know what comes next. From the moment you enquire to the day your loan is disbursed, our team guides you, coordinates with banks/NBFCs, and ensures your application moves forward without unnecessary delays. The result: a smoother, faster, and more transparent home loan journey.
- Initial Consultation – Understand your loan needs and assess basic eligibility.
- Bank Comparisons – Explore offers from multiple banks and NBFCs side-by-side.
- Application Submission – Choose the best option based on multiple banks/NBFCs and submit your application.
- Document Verification – We help organize and forward your paperwork to the lender.
- Approval & Sanction – The bank reviews your application and issues a sanction letter.
- Loan Disbursement
