How much student loan amount can I get and what is the procedure to apply for an education loan?
27 Jul 2026 · Answered by Smitha Satish S · 1 min read
The maximum education loan amount depends on your lender and profile:
- Public banks: Up to ₹7.5 lakh without collateral; higher amounts require collateral.
- Private banks/NBFCs: Up to ₹1 crore without collateral, but eligibility varies.
To apply, you’ll typically need:
- Admission offer from a recognized institution
- Academic records
- Identity and address proof
- Co-applicant income documents
- Collateral documents if applying for a higher loan
The process involves researching lenders, gathering documents, submitting your application, and waiting for approval and disbursement. Loan terms, interest rates, and requirements are subject to change.
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