Education Loan
Funding your Future, Today
Umang Finance offers tailored education loans for studies in India or abroad, covering tuition, accommodation, and related expenses. Loans are available for undergraduate, postgraduate, and professional courses. Flexible repayment options and competitive interest rates ensure affordability
Uses
• Undergraduate and Postgraduate courses in India
• Overseas education for recognised universities/colleges
•  Professional courses such as CA, Engineering, Medical, IT, etc.
•  Skill development and certification programs
Eligibility
• Confirmed admission in a recognised institute (India or abroad)
• Indian citizen aged 18–35 years
•  For employed applicants: Minimum ₹15,000 monthly income or co-applicant required
Schedule of Education Loan Availability (as per Qualification)
| Qualification Level | Eligible Loan Amount |
|---|---|
| Undergraduate in India | Up to ₹5 Lakhs |
| Postgraduate in India | Up to ₹10 Lakhs |
| Overseas Undergraduate | Up to ₹15 Lakhs |
| Overseas Postgraduate | Up to ₹25 Lakhs |
| Professional Courses | Up to ₹25 Lakhs |
Required Documents:
• Admission letter from the institution
• Income proof of parents (Salary slips or ITRs)
• Latest 3-month bank statement
• Aadhaar & PAN of applicant and parents
• Fee structure & course details
 Special Benefits:
Moratorium during study, no prepayment charges after 6 months, and flexible repayment by combining scholarships or part-time income for easier EMI
management.