In today's rapidly evolving professional landscape, continuous upscaling is essential for employees to stay competitive and advance in the careers.

In today's rapidly evolving job market, continuous learning and upscaling have become essential for career growth and success. Pursuing further education to acquire new skills or enhance existing ones is a smart investment in your professional development.

Funding these upscaling courses can often be a challenge. This is where a loan for education comes into play, offering a viable solution to finance educational pursuit and skill development.

Piramal finance offers personal loan for education with zero foreclosure charges and competitive interest rates.

Features and Benefits of Loan for Education

Collateral Free Loans

With Piramal Finance personal loan for Education, there's no need to provide collateral, so you do not need to worry about putting your assets at risk. This also helps streamline the loan process as it eliminates the need for lengthy paperwork and credit checks.

Quick Eligibility Check

Piramal Finance allows you to quickly check your eligibility in just a few minutes. With no credit score requirement and an easy application process, personal loan for education make it easier than ever to get financial help when you need it.

Flexible Loan Amount

Piramal Finance education loan offers a range of loan amounts to meet your individual needs. Whether you need a little extra help with tuition or require more substantial assistance with course materials and living expenses, we offer flexible loan amounts so that you are able to get the most out of your education.

Affordable Interest Rates

Education loan interest rates at Piramal Finance begin at 12.99*%pa and increase depending on loan amount and loan tenure. The competitive interest rates, make it easier to repay your loan over time.

Fees & Charges

Piramal Finance has the perfect solution if you are looking for a personal loan for education! Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay.

Features & FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes

Documents are Required for Education Loan

How to get educational loan? Well, you must submit the following documents:

Document TypeDocuments for Education loan
Income ProofLast 3 months' bank account statements / salary slips
Identity ProofAadhar Card, PAN Card, Voter's Id / Driving License
Address Proof / Proof of ResidenceAadhar Card / Driving License / Passbook / Utility Bills / Property Documents
Proof of EmploymentAppointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
Investment Proof (If Any)Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
PhotographLatest Coloured Passport-Size Photograph

Eligibility Criteria for Education Loan

The different eligibility criteria that you need to fulfill to get a Personal Loan for Education are as follows:


To apply for a personal loan for education loan, applicant must be between 21 and 58 years of age.

Employment Status

Applicant working in public sector and private sector companies are considered eligible for a personal loan for higher education.

Credit Score:

We at Piramal Finance offer Personal Loan to the applicants with credit score of 750 and more.

Frequently asked questions

What is an Education loan?
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What is the maximum Education loan amount I can avail from Piramal Finance?
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Can I get an education loan without security?
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How to calculate Loan EMI?
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Is it possible to foreclose or prepay loan for education?
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