A BA LLB degree is a 5-year professional commitment that blends law with humanities, internships, and long-term career preparation. With rising fees at NLUs and private law colleges, an education loan for BA LLB in India and abroad ensures students can focus on academics, moots, and internships—without compromising due to upfront financial pressure.
Also, when considering an education loan for a BA LLB program, it's essential to understand the RBI guidelines on education loans for transparency and fairness in the loan process.
Key Takeways
BA LLB education loans are available up to ₹40 lakh without collateral and ₹1.5–2 crore with collateral, based on the law college, course structure, and lender policies.
Education loan for BA LLB 5-year programs comes with interest rates starting from 7.15% with public sector banks, while private banks and NBFCs may charge up to 16%.
A moratorium period of 6–12 months is available after course completion before EMI repayment begins.
Expenses covered under law student loans include tuition fees, hostel/PG costs, exam and Bar Council fees, internships, books, travel, laptop, and moot court expenses.
Borrowers can also claim tax benefits under Section 80E for their BA LLB study loans, reducing the overall cost of repayment.
Education Loan for BA LLB: Overview
Here is the table highlighting the key features of the education loan for BA LLB:
Parameter
Details
Loan Amount
Up to ₹40 lakh without collateral; up to ₹1–2 crore with collateral (especially for top private or overseas universities)
Expenses Covered
Tuition fees, hostel/PG charges, books, laptop, moot court expenses, exam fees, insurance, and living costs
You can also apply for an LLB degree if you want to do a 3-year course instead of a 5-year course. Here is our guide to education loan for LLB to help you in your law studies.
Candidates can use the Education Loan EMI Calculator to estimate their EMI based on their college fees and the interest rate of the bank's education loan. This will help them understand the payments they need to make.
Remember that APR, not just interest rate, determines your actual EMI burden. See how APR differs from interest rates in our APR & Interest Rate Policy.
Public sector banks usually require 5–15% margin money, increasing upfront costs, while NBFCs offer 0% margin loans for full BA LLB fee coverage.
Female law students can avail a 0.5% interest concession on BA LLB education loans from select lenders.
NBFC education loans for law students often provide higher loan limits, faster approvals, and collateral-free options, especially for private law universities.
Propelld offers transparent BA LLB education loans starting at ~11%, with no hidden charges and clearly defined pricing—refer to the transparent loan pricing policy for details.
Education Loan for BA LLB Eligibility Criteria
Students must meet the following criteria to qualify for an education loan for BA LLB:
Banks and financial institutions have clear eligibility norms for BA LLB education loans. Here’s a concise breakdown:
Student Eligibility
Co-Applicant Eligibility
Collateral Requirements
Student Eligibility
Indian citizen
Confirmed admission to a BA LLB (5-year) program from a recognised university
Valid entrance exam score, if applicable (CLAT, AILET, LSAT, SLAT)
Minimum 50% in Class 12 (relaxation may apply for reserved categories)
For overseas programs: university offer letter + IELTS/TOEFL (as required)
Co-Applicant Eligibility
Parent, legal guardian, spouse, or sibling
Stable income source
Minimum CIBIL score of ~650 (varies by lender)
Collateral Requirements (for Secured BA LLB Loans)
Residential property
Fixed deposits, LIC policies, or government bonds
Non-agricultural land (lender-specific)
Documents Required for Education Loan for BA LLB
Document requirements are largely standard but may vary slightly for unsecured loans or international law programs. NBFCs often simplify documentation for faster approvals. When applying for an education loan for BA LLB, you must have the following documents:
Loan Application
Completed application form
Passport-size photographs
Signed declaration
KYC Documents
Aadhaar and PAN
Passport (mandatory for abroad studies)
Address proof (utility bill or rental agreement)
Admission Documents
BA LLB admission/offer letter
Detailed fee structure
Entrance exam scorecard (CLAT/AILET/LSAT, if applicable)
Academic mark sheets (Class 10 & 12)
Co-Applicant Income Proof
Salaried: Salary slips (last 3 months), bank statements (6 months), Form 16
Self-employed: ITR (last 3 years), business proof, P&L and balance sheet
Collateral Documents (If Applicable)
Property title
Latest tax receipts
Encumbrance certificate
Property valuation report
With your paperwork ready, applying for a law study loan is simple and quick. Here’s the process.
Students applying for a BA LLB education loan can choose between secured (with collateral) and unsecured (without collateral) options based on loan amount, risk appetite, and family finances.
Feature
Unsecured BA LLB Loan
Secured BA LLB Loan
Loan Amount
₹10–₹40 lakh
₹1–₹2 crore
Collateral
Not required
Property, FD, or LIC
Interest Rate
Higher due to increased lender risk
Lower due to collateral security
Approval Speed
Faster, minimal documentation
Slower due to property valuation
Best Suited For
Students at private law colleges with moderate fees
Students at top law universities or studying abroad
Common Reasons for BA LLB Education Loan Rejection in 2025
Real student insights from online forums show common reasons that result in BA LLB education loan rejection that are mostly avoidable.
Students can conclude from these discussions that they should apply early for an education loan for law students in India, ensure their college is recognised, keep documents airtight, and assess their co-applicant’s financial profile in advance.
Here are the most common reasons highlighted by actual studentsonline:
Incomplete or Incorrect Documentation
Banks strictly verify admission letters, KYC, fee structure, and academic records. Even small mismatches can cause rejection or long delays.
Insight: Students on r/IndiaCareers often mention loans getting stuck for weeks due to missing fee breakups or incorrect offer letters.
Low Academic Performance
Poor or inconsistent academics can weaken your repayment credibility in the bank’s assessment, especially for professional courses like law.
Insight: BA LLB aspirants on r/Indian_Academia note that low grades make banks cautious, even with confirmed admissions.
Admission to Unrecognised or Unaccredited Colleges
Most banks approve loans only for recognised law universities (NLUs, UGC-approved private colleges).
Insight: On r/india, students report outright rejection after securing admission in lesser-known private law colleges not on bank-approved lists.
Collateral Issues or Weak Co-Applicant Profile
For higher loan amounts, banks assess collateral value (if required), the co-applicant’s income stability, credit history, and existing EMIs.
Insight: Multiple threads on r/personalfinanceindia highlight rejections due to low CIBIL scores or unstable income of parents, even when the student profile was strong.
Late Application or Missed Timelines
Applying too close to the fee deadlines can lead to rushed processing or rejection due to verification delays.
Insight: Law students on r/IndiaCareers often warn juniors that late applications have cost them semester registrations.
Tips to Increase Approval Chances for BA LLB Education Loan
To boost your chances of loan approval in 2025, BA LLB students should:
Maintain a strong academic record and choose accredited colleges.
Submit all required documents accurately.
Ensure the co-applicant has a stable income and a clean credit history.
Thus, comparing loan lenders for their interest rates and other features can significantly improve the chances of getting an education loan for BA LLB students.
Repayment of a BA LLB education loan usually begins 6–12 months after course completion or employment, depending on the lender’s moratorium policy. Once repayment starts, students can choose from the following modes:
Internet Banking: Pay EMIs online via the lender’s website or mobile app.
Direct Debit (ECS/NACH): Automatic EMI deduction from your bank account.
Cheque or Demand Draft: Offline payment at the bank branch.
Moratorium Period
No EMI payments during studies and for up to 12 months after graduation or job placement, though interest may accrue.
Part-Payment
Make lump-sum payments to reduce principal, interest burden, and loan tenure.
Prepayment / Foreclosure
Close your BA LLB loan early if finances permit; always review the lender’s policies to check for applicable charges. Here is our foreclosure and prepayment policy if you choose to go with Propelld.
Collateral-Free Repayment
Most unsecured BA LLB loans do not require asset-backed guarantees during repayment.
Flexible Repayment Options
Some lenders allow step-up EMIs or interest-only payments in the early career phase.
Eligibility Criteria for Applying via Vidya Lakshmi Portal
To apply for an education loan through the Vidya Lakshmi Portal, students must meet the eligibility criteria set by participating banks. These criteria ensure that the loan is used for genuine academic purposes and can be repaid responsibly.
The applicant must:
Be an Indian citizen.
Have an admission letter from a recognized institute approved by the bank.
Have completed 10+2.
Have a Co-Applicant (usually).
Key Additional information:
Loan amounts are typically ₹10–15 lakh for domestic and ₹20–30 lakh for international studies.
Loans above ₹7.5 lakh may require collateral like property or fixed deposits.
Interest rates vary. Check your eligibility for government subsidies like CSIS.
Some banks have entry and exit age limits; confirm before applying.
For regulatory clarity, you may also explore the Education Loan Repayment Rules in India, which outline borrower rights, timelines, and lender obligations.
Government Schemes and Scholarships for BA LLB Students
Government-backed interest subsidies and scholarships can substantially reduce the cost of education for eligible BA LLB students. Here are the top ones:
PM-Vidya Lakshmi Portal (VLP)
Single-window platform to apply for government-backed BA LLB education loans from multiple banks.
Central Sector Interest Subsidy Scheme (CSIS)
Full interest subsidy during the moratorium for EWS students (family income up to ₹4.5 lakh).
NSCFDC Education Loan (SC Students)
Low-interest education loans of ₹20–40 lakh for Scheduled Caste BA LLB students.
NBCFDC Education Loan (OBC Students)
Subsidised education loans for economically weaker OBC students pursuing BA LLB or LLB (5 years).
State Minority Education Loan Schemes
Education loans and fee support for minority BA LLB students offered by states like Karnataka, Kerala, and UP.
Central Sector Scholarship Scheme (CSSS)
Annual scholarship for meritorious BA LLB students based on Class 12 performance.
Aditya Birla Scholarship (Law)
Prestigious merit-based scholarship for top-performing law students from leading institutions, including NLUs.
But if you’re not eligible for scholarships, you can refinance your high-cost private loan to a lower-cost bank or NBFC option after 12 months of repayment. Read our complete guide on education loan refinancing to learn how it works.
Is It Worth Taking a Student Loan for a BA LLB Program at MAHE, Bangalore?
"I just got into the BA LLB program at MAHE, Bangalore. The fees are high, and I’m not sure if taking a student loan is the right decision," wrote one Reddit user in r/manipal, voicing a concern many law aspirants share.
So, is an education loan worth it for a program like BA LLB at MAHE? BA LLB fees at MAHE, Bangalore, can be high, leading many students to consider an education loan. For professional law programs, a student loan can be a strategic investment—if evaluated carefully.
Key factors to consider
University reputation and placements: MAHE is a well-regarded private university with access to corporate law roles, litigation pathways, and higher-study options.
Loan terms: Compare interest rates, moratorium periods, and total repayment cost before choosing a lender.
Repayment feasibility: Early-career law salaries should reasonably support EMIs to avoid financial strain.
Long-term goals: If you plan for LLMs, specialisations, or corporate law careers, the loan can support future growth.
Thus, a BA LLB education loan for MAHE can be worth it when aligned with realistic career outcomes and well-structured repayment planning.
An education loan for a BA LLB program helps students manage academic expenses with ease. By evaluating interest rates and eligibility, students can choose the right option to support their legal education. Propelld, a leading education loan provider in India, offers tailored financial support for BA LLB aspirants to help them achieve their career goals.
A BA LLB education loan is a financial assistance provided to students pursuing a Bachelor of Arts and Bachelor of Laws (BA LLB) degree. It helps cover the tuition fees, hostel expenses, and other educational costs associated with the course.
What documents are required for a BA LLB education loan?
The specific documents required may vary depending on the bank but generally include:
Admission letter
Course fee structure
Identity proof (Aadhaar card, PAN card)
Address proof
Income proof of parents/guardians
Collateral security (if applicable)
What is the loan tenure for a BA LLB education loan?
The loan tenure for a BA LLB education loan typically ranges from 5 to 15 years, but it can be extended depending on the lender and the borrower's repayment capacity.
What is the minimum eligibility criteria for a BA LLB education loan?
The minimum eligibility criteria may vary depending on the lender, but generally include:
Age (usually between 18 and 35 years)
Indian citizenship
Admission to a recognised university or college for a BA LLB program
Good academic record
Are there any government schemes available for BA LLB education loans?
Yes, the Indian government offers various schemes for financial assistance for higher education, including BA LLB. Some popular schemes are the Education Loan Interest Subsidy Scheme (ELISS) and the National Scholarship Portal (NSP).
What are the benefits of availing of a government-backed BA LLB education loan?
Government-backed education loans often have lower interest rates, longer repayment tenures, and interest subsidies.
Can I use a BA LLB education loan for living expenses?
Yes, you can use a BA LLB education loan to cover your living expenses, such as hostel fees, food, and daily necessities.
Can I study abroad using a BA LLB education loan?
Yes, you can use a BA LLB education loan to study abroad for a BA LLB program. However, the lender may have specific requirements and interest rates for international education loans.
What happens if I am unable to repay my BA LLB education loan?
If you cannot repay your BA LLB education loan, the lender may take legal action against you, including seizing your assets.
Where can I apply for a BA LLB education loan?
You can apply for a BA LLB education loan from various financial institutions, including:
Nationalised banks
Private banks
Non-banking financial companies (NBFCs)
Government-sponsored agencies
Is there a minimum credit score requirement for a BA LLB education loan?
While most lenders don't have a strict minimum credit score requirement for education loans, a good credit score can help secure a loan with a lower interest rate.
Are tax benefits available on BA LLB education loans?
Yes, borrowers or co-applicants can claim tax deductions on the interest paid under Section 80E of the Income Tax Act, subject to prevailing tax laws.
A banker turned content marketer with expertise in growth-focused content strategies for the finance and digital sectors. She currently drives data-backed content initiatives at Propelld, through high-impact storytelling.
Before moving into content marketing, Vaishali spent nearly a decade in banking, across their asset and lending divisions and spent almost a decade in finance. An MBA in Marketing and a writer at heart, she finally took up content marketing and now simplifies money talks for the readers.
She is also a certified digital marketer (MICA), combining data-driven insights with creative storytelling to deliver measurable business growth.
Beyond work, Vaishali is a handcrafted brand founder, avid reader, and travel & food blogger, blending creativity and strategy in everything she does.
With 24+ years of leadership experience in financial services, Manoj has worked across diverse roles—from CEO of a publicly listed NBFC to Head of Sales and Corporate Strategy Lead. He carries a grassroots understanding of lending, education financing, and customer needs.
He currently serves as the Chief Business Officer for Higher Education at Propelld, where he drives growth in education lending through sales leadership, credit oversight, and innovative product design.
Throughout his career, Manoj has held CXO and strategic leadership roles, including CEO of a listed NBFC and Business Head at DHFL Pramerica Life Insurance, overseeing large-scale sales operations, credit, and compliance. His 12+ years in corporate strategy combined with 8+ years in frontline sales give him a 360-degree view of financial services, from ground level execution to high-level strategic planning.
Passionate about building scalable lending businesses, Manoj is known for his ability to anticipate market trends, optimize operational efficiency, and drive sustainable growth in the education finance sector. He also writes actively about these.
Outside work, Manoj is passionate about reading, writing blogs, playing the guitar, cricket, and paragliding.
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