Education Loan for Girl Students in India - Types & How to Apply

Education offers the opportunity to grow beyond societal hurdles, empowering individuals regardless of background. India prioritizes girls' education through government loans and various other schemes, easing financial burdens for families and enabling girls to shape their futures.

‍

‍

Types of Education Loans for Girl Students in India

Indian government, non-profit organizations, and financial and education institutes offer several loan options for women. If you plan to take a loan, look up their terms. The following is a List of Women Education Loan Schemes:

1. Vidya Lakshmi Portal

The Pradhan Mantri Vidya Lakshmi Portal is a government-backed platform where students can explore and apply for education loans from multiple banks using a single application form (CELAF). It is also linked to the National Scholarship Portal, simplifying access to scholarships and financial aid.

2. SBI Student Loan Scheme

The State Bank of India provides education loans for students pursuing higher studies in India and abroad, offering a 0.50% interest rate concession for girl students. The loan covers tuition fees, accommodation, travel expenses (for international studies), and other academic costs, with repayment starting after course completion.

3. Central Sector Interest Subsidy (CSIS) Scheme

This government scheme supports students from economically weaker backgrounds by covering full interest during the moratorium period (course duration + one year). It is available to students enrolled in professional or technical courses, provided their family income does not exceed ₹4.5 lakh per year.

4. Cent Vidyarthi Scheme

Offered by the Central Bank of India, this scheme provides loans of up to ₹200 lakh for higher education in India and abroad. It covers tuition fees, hostel charges, books, and travel expenses. A 1% interest concession is available if interest payments are made during the moratorium period, with a repayment tenure of up to 15 years.

5. Baroda Vidya Loan

The Bank of Baroda’s Baroda Vidya Loan supports school education from Nursery to Class 12, offering financial assistance of up to ₹4 lakh. It covers tuition fees, books, uniforms, and other academic expenses, with no processing fees or margin money required.

These loan schemes help reduce financial barriers, making quality education more accessible for girl students in India.

Many students struggle to navigate the complexities of education loans, from eligibility to repayment terms. If you're unsure where to begin, check out Education Loan Eligibility, Interest Rates, and How to Apply to understand the process step by step.

‍

Fast-Tracked Education Loans with Propelld – Funding your Future in Just 7 Days!

‍

Education Loan for Girl Students in India - The government's initiatives

The Indian government has introduced several schemes to support girl students in pursuing higher education by making financial assistance more accessible. These initiatives aim to promote gender equality and empower women through education.Below are some key measures taken to support girl students in their academic journey.

1. Support for Socio-Economically Disadvantaged Groups (SEDGs)

The government provides education loans to disadvantaged groups, including women, third-gender individuals, SC, ST, OBC, minorities, differently-abled individuals, and geographically disadvantaged communities.

2. Upliftment & Equal Opportunities

These loans promote social and economic upliftment, enabling students from marginalized backgrounds to pursue education and build a dignified future.

3. National Education Policy (NEP) 2020

NEP 2020 emphasizes inclusive education, ensuring access to quality education for underprivileged children, especially girls, through financial aid and digital learning.

4. Encouraging Fintech Lenders

The government supports fintech lenders like Propelld to expand access to education loans, making funding more flexible and accessible.

5. Multiple Loan & Scholarship Schemes

Various education loan schemes are available through financial institutions, non-profits, and government initiatives. The Vidhya Lakshmi loan for girl students is one such scheme providing financial support.

‍

These initiatives reflect the government’s commitment to making education more accessible and affordable for girls, ensuring they have equal opportunities for academic and career growth.

Working professionals often seek financial support to upskill or pursue advanced degrees. If you're considering an education loan to boost your career prospects, read Education Loan for Working Professionals to explore flexible financing options tailored for you.

‍

‍Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.

‍

‍

Girl Education Loan Interest Rates

Several banks in India offer education loans with concessional interest rates for female students, aiming to promote higher education among women. Below is an overview of the current interest rates and loan schemes:

These education loan schemes provide financial support to female students, ensuring better access to higher education. Applicants should verify the latest interest rates and eligibility criteria directly with banks before applying.

‍

Vidyalakshmi Loan for Girls

The Vidya Lakshmi loan  is a unique initiative by the Ministry of Finance, Education, and the Indian Banks Association (IBA) to support students, especially girls, from weaker socio-economic backgrounds. It provides easy access to education loans through a centralized portal, enabling students to apply, track, and manage their loans seamlessly. The process involves three simple steps: registration, form submission, and application to banks.

This loan offers: 

1. Fundings up to 10.5 Cr

From higher education to tech education in national and international institutes, the loan offers girls every possible way to fulfil their dreams in reality.

2. Repayment ease

The loan comes with a smooth repayment duration after a grace period of up to 15 years. It offers you convenience and ensures the loan is never a burden.

3. Loan against property

Loan against property includes keeping the property as collateral. It allows having a higher value and better Education loan interest rate for girls and other applicants if they take a loan against the property. 

4. Minimal documentation

Unlike other loan applications and processing, going for a Vidya Lakshmi loan is hassle-free. It involves simple criteria and includes one-time registration and smooth application processing through its portal.

5. 3-day disbursal

If the financial institute approves your application, the loan amount gets transferred to your bank account within 3-days time. This quick and efficient disbursal makes life easier.

‍

Apply for High Approval Chances and Faster Process than Banks - Propelld Education Loan

‍

Application Process for Education Loan for Girl Students

To apply for an education loan, students must follow a structured process to ensure smooth approval. Below are the essential steps to complete the application successfully.

Step 1: Explore and Compare Loan Schemes

Check different education loan schemes to understand eligibility criteria and find the best option.

Step 2: Register and Complete the Application

Sign up on the loan portal and fill in the application form with accurate details.

Step 3: Submit Required Documents

Provide necessary documents for verification, including proof of admission, academic records, and KYC documents.

Step 4: Review Loan Terms

Carefully review the loan terms and conditions before proceeding with the application.

‍

Repayment Process for Education Loan for Girl Students

Lenders provide a grace period to ensure female students can focus on their studies without immediate financial pressure. The duration of this period varies across institutions. Repayment begins once the grace period ends, but students also have the option to start repaying earlier if they choose.

‍

Approval Based on Your 12th Marks. No Co Applicant Required. Check Your Eligibility with Propelld Education Loan

‍

Education Loan for Girl Students in India Without Collateral

Many banks and NBFCs in India offer education loans for girl students without collateral, making higher education more accessible. These loans cover tuition fees, accommodation, travel, and other academic expenses without requiring students to pledge any assets. Female applicants often receive preferential interest rates and flexible repayment options, ensuring minimal financial burden during and after their studies.

Government schemes like the Central Sector Interest Subsidy Scheme (CSIS) and Padho Pardesh provide additional support by offering interest subsidies. Lenders such as SBI, HDFC Credila, and Propelld provide unsecured education loans, helping female students pursue their academic goals without financial constraints.

To make an informed choice on an education loan, go through Types of Education Loans in 2025: Interest Rates & Benefits and compare the best options available.

‍

‍Benefits of Education Loan for Girls

Education is a fundamental right, and ensuring girls’ access to quality education drives social and economic progress. The Indian government supports this through the Right to Education Act (2009), scholarships, and education loans, which help girls overcome financial barriers and pursue higher education.

Here are the key benefits of education loans for girls:

1. Women Empowerment

Education loans equip girls with knowledge, skills, and confidence to make independent decisions and shape their futures.

2. Economic Growth

Higher education boosts employment prospects, enabling women to contribute to the workforce and national development.

3. Community Progress

Educated women drive social change, advocate for development, and actively participate in community initiatives.

4. Health & Well-being

Education raises awareness about health, hygiene, and nutrition, leading to improved living conditions.

5. Gender Equality

More women in education and the workforce help bridge the gender gap and promote equal opportunities.

6. Political Participation

Education empowers women to engage in politics, represent concerns, and push for policy changes.

7. Global Impact

Education loans enable girls to access quality education, fostering innovation and international progress.

‍

By making education accessible and affordable, education loans empower girls to break societal barriers, achieve financial independence, and create a lasting impact on future generations.

‍

Propelld Education Loan has the perfect opportunity for women planning to pursue higher education. With low interest rates and connections with more than 3000 institutions, it renders the finest choice. They extend your loan smartly with easy processing, no collateral required, and semester-wise amount disbursal.

‍

‍

Why Propelld?

Propelld offers an education loan exclusively designed for busy students and their hectic schedules. Propelld Education loans have a 100% digital process with higher approval rates.  

There are several other benefits of opting for a Propelld education loan. They are: 

Let’s start financing your education today! Apply for a Propelld Loan today! 

‍

‍

FAQs on Education loan for girls in India

What are the eligibility criteria for girls to avail of education loans?

Eligibility criteria may vary among lenders. The providers often check for the candidate's age and their academic performance. They also ensure they have admission to secured institutions in India or overseas. 

Are there any benefits or concessions for girls applying for education loans?

Many banks offer lower interest rates and other concessions for female borrowers. It includes a reduction of processing fees and an additional reduction of 0.5%, tax benefits, and others. 

How much amount can a female student apply for under an education loan?

Educational loan for SC students and women vary as per the location of the course, the level of education, and the collateral submission. It also is different for different lending institutes.

Is collateral required for education loans for girls?

Some loans may not require collateral for lower amounts, while larger loans might need security. Putting in collateral, especially a property, also helps to lower the interest rate.

What expenses does an education loan for girls cover?

Tuition fees, examination fees, hostel, book costs, etc., are some expenses that any education loan would cover. The best is to understand the coverage where you apply as they vary in different lending institutions. 

Is there any scheme for girls education loan?

The following is the List of Women Education Loan Schemes available:

• Vidya Laxmi Loan Scheme
• Cent Vidyarthi Scheme
• Corp Vidya Scheme
• Vidya Jyoti Scheme
• Baroda Scholar Scheme
• SBI Education Loan
• IDBI Education Loan

Apart from the available loan options by the central and financial institutes, there are several schemes and subsidies for girl children. The state government also offers financial aid to girls.

Can a girl repay the loan while studying?

Every loan lender offers a grace period. The period varies in different institutions. It allows you to study without burden. Once it is completes, you can start paying. But there is no harm if you wish to pay before the period.

How can a female student apply for an education loan, and what documents are required?

It often involves registration and application filling. It requires a document check for KYC, educational documents, and proof of admission in esteemed institutes. The best course is to know the loan you are applying for and ensure you fit in and have all it needs.

What is the maximum loan amount available for female students pursuing studies abroad?

The maximum loan amount varies by bank and depends on the course and institution. Some banks offer higher amounts for overseas education under special schemes.

Are there any specific scholarships or grants available exclusively for female students?

Yes, there are several scholarships, such as the Pragati Scholarship Scheme for girl students pursuing technical education.

Is there an age limit for female applicants seeking education loans?

Generally, applicants should be between 18 and 35 years old, but age criteria can vary among lenders.

Can I apply for an education loan if I have secured admission through management quota?

Most banks require admission through merit-based selection processes; management quota admissions may not be eligible.

Are there any tax benefits associated with education loans for female students?

Yes, under Section 80E of the Income Tax Act, interest paid on education loans is eligible for tax deduction.

What is the typical repayment period for education loans for girls?

Repayment periods can extend up to 15 years, depending on the lender and loan amount.

Do education loans for female students cover living expenses?

Yes, loans typically cover tuition fees, examination fees, hostel fees, and other related expenses.

Is a co-applicant mandatory for education loans for girls?

Yes, a co-applicant, such as a parent or guardian, is usually required.

Can I avail an education loan for diploma or certificate courses?

Eligibility for loans for diploma or certificate courses depends on the lender's policies and the course's recognition.

Are there any processing fees for education loans for female students?

Some banks may waive processing fees for female applicants; it's advisable to check with the specific bank.

What happens if I am unable to repay the education loan on time?

Failure to repay may affect your credit score and lead to legal action; it's important to communicate with the lender for possible solutions.

Can I prepay my education loan? Are there any penalties?

Many banks allow prepayment without penalties, but it's best to confirm with your lender.

Do banks offer top-up loans if additional funds are required during the course?

Some banks may offer top-up loans based on academic performance and repayment history.

Is it possible to transfer my education loan to another bank for better terms?

Yes, loan transfer options are available, subject to the policies of the new lender.

How does the moratorium period work for education loans for girls?

The moratorium period is a grace period during which repayment is not required, usually covering the course duration plus an additional 6-12 months.

Can I get an education loan if I have a gap year between studies?

Yes, but you may need to provide valid reasons for the gap and demonstrate continued academic intent.

Are there any specific documents required for female applicants?

Documentation requirements are generally the same for all applicants, focusing on academic records, admission proof, and KYC documents.

Do education loans for girls cover expenses for competitive exam coaching?

Typically, education loans do not cover coaching expenses for entrance exams.

Can I avail an education loan for part-time or online courses?

Loans are generally available for full-time courses; part-time or online courses may not be eligible.

Is there a minimum academic performance requirement to be eligible for an education loan?

Yes, banks often require a minimum percentage in previous examinations, which varies by institution.

Can I apply for an education loan before securing admission?

Pre-admission loans are uncommon; proof of admission is typically required.

Are there any penalties for late payment of EMIs?

Yes, late payments can attract penalties and negatively impact your credit score.

Can I avail an education loan for studying in non-listed institutions?

It depends on the lender's policies; some may finance courses in recognized but non-listed institutions.

How does the interest subsidy scheme work for education loans for girls?

Certain government schemes offer interest subsidies during the moratorium period for eligible candidates; details can be obtained from the bank.

What is the Vidya Jyothi Education Loan?

The Vidya Jyothi Education Loan is a scheme designed to provide financial assistance to students pursuing higher education. It offers competitive interest rates, flexible repayment options, and covers tuition fees, living expenses, and other academic costs.

What are the government education loan options available for girl students in India?

The Indian government offers various education loan schemes for girl students, including the Vidya Lakshmi Portal, Padho Pardesh, and interest subsidy schemes that provide lower interest rates and other benefits to encourage female education.

Is there an education loan scheme for a single girl child in India?

Yes, some banks and government schemes offer special education loan benefits for a single girl child, including lower interest rates and relaxed collateral requirements to support higher education.