Standard Chartered Education Loan: Eligibility & ROI 2026

‍How to Get a Standard Chartered Education Loan 2026: Features, Eligibility, and Documents

To help students achieve their goals, Standard Chartered Education Loan offers loans at low interest rates and maximum benefits. This blog outlines all the essential details of the Standard Chartered Education Loan.

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Key Features of Standard Chartered Education Loan

Standard Chartered offers competitive incentives for those who qualify for a college loan. The salient characteristics of the Standard Chartered Education loan are listed below:

Feature	Details
Standard Chartered Education Loan Interest Rate	Attractive & competitive, depending on the loan amount
Moratorium Period	Up to 3 years or course duration, whichever is earlier
Loan Amount	Minimum: NPR 1 million Maximum: NPR 10 million
Additional Amount	NPR 0.5 million for miscellaneous expenses (conditions apply)
Loan Tenure	1-10 years
Repayment	EMI basis after the moratorium period

Also Read: 5 Best Education Loans in India: Complete Guide

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Get Education Loan for Any College in India. 100% Fees Financed- Propelld Education Loan

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Standard Chartered Education Loan Interest Rate

The interest rate is not fixed and may change over time. If the bank decides to change the interest rate, they are required to notify you two months in advance before implementing the change. This means borrowers need to stay aware of possible future adjustments to their loan terms.

Contact your nearest Standard Chartered Bank Branch to know the interest rate.

Before finalizing your application, it’s wise to compare the interest rate for Standard Chartered student loan with other banks like Kotak Mahindra to ensure affordability.

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Standard Chartered Education Loan: Eligibility Criteria

Students who want to apply for a Standard Chartered Education Loan must fulfil the qualifying requirements set forth by Standard Chartered. Let's examine the eligibility requirements provided by the bank.

Requirement	Details
Citizenship	Indian citizens only
Academic Performance	At least 50% in the latest exam (XIIth or graduation)
Age Limit	Maximum 62 years (or retirement age) at loan maturity
Admission Criteria	Secured through entrance test or merit-based selection
Loan Sanctioned To	Parents
Income Requirement	Parents must show a reliable source of income for EMI repayment
Eligible Degrees	Undergraduate, Postgraduate, or Professional
Co-applicant Documents	Proof of regular income is mandatory

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Courses Eligible for Standard Chartered Education Loan

Several courses are eligible for a Standard Chartered Education Loan. They are:

Course Type	Details
Recognised Indian Courses	- Graduate courses - Postgraduate courses - Diploma courses - Professional courses (Recognised by UGC, AICTE, ICMR)
Foreign Courses	- Professional courses - Technical courses (From reputable education institutes abroad)
Vocational Courses	- Skill development courses (Recognised or approved by the government)
Specific Institution Courses	Courses offered by: - IIM - IIT - IISC - XLRI - NIFT - Others
Foreign University Courses in India	Courses offered by reputable foreign universities in India
Other Approved Courses	Courses leading to diploma/degree from colleges/universities approved by: - UGC - Government - AICTE - AIBMS - ICMS - Other recognised bodies

Students pursuing professional programs like IITs or management can check the eligible courses for Standard Chartered student loan to know if their degree qualifies for funding.

Also read: Education Loan Eligibility, Interest rates and How to Apply.

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Standard Chartered Education Loan: Documents Required

Document Type	Details
Photographs	Recent passport-size photos of parents and student
College/University Documents	- Offer Letter - Schedule of expenses for the course
Scholarship Information	Copies of letters conferring scholarship (if applicable)
Study Abroad Requirements	"No Objection Letter" from the Ministry of Education
Property Documents	- Land ownership document copy - Transfer deed copy - BluePrint of Land - Building completion certificate from Municipality/VDC - Land revenue Tax Receipt
Personal Documents	- Copy of Citizenship (parent and student) - Relationship Certificate - Marriage Certificate (where applicable)
Income Documents	- Income certifying document (e.g., Salary letter, Audited balance sheet, rental agreement) - Firm/company registration and PAN (for business income)

Also read: Documents Required for Applying for an Education Loan.

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

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How to Apply for a Standard Chartered Education Loan?

You can apply for the Standard Chartered Education Loan by following the below-mentioned steps:

1. Applicants should have all the necessary paperwork and know all the requirements before applying for the Standard Chartered Education Loan.

2. Candidates should visit the bank office closest to them to obtain the application form.

3. All required documentation must be sent with the completed application form.

4. After successfully submitting the application and all supporting documentation, candidates must patiently wait for the verification procedure to begin.

Students planning to study abroad can explore how to apply for a Standard Chartered student loan by following a step-by-step guide tailored for international education.

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Is It Impossible to Get an Education Loan for Chartered Accountant Education?

On Reddit, a student preparing for Chartered Accountancy (CA) exams asked a pressing question:

“Why is it so hard to get an education loan for CA? Banks give loans for MBAs and engineering, but not for professional courses like this. Is it impossible?”

This reflects a common struggle: unlike degree programs, chartered courses don’t have fixed fee structures or direct tie-ups with universities, making lenders cautious.

The reality:

1. Major banks: They may hesitate because CA coaching is not a full-time university program. Approval often depends on whether the student is enrolled in a recognized coaching institute.

2. NBFCs & private lenders: Some do finance CA and similar professional courses, but they usually ask for collateral if the loan amount is high.

3. Alternatives: Students can consider skill development loans (government-backed, lower interest) or even personal loans for smaller fee requirements.

4. Tips for approval: Approach multiple lenders, carry institute admission letters, and be ready with proof of course duration and fee structure—these documents improve your chances.

Pro tip: While education loans for CA may not be as standardized as MBA or engineering loans, with the right documentation and lender approach, it is far from impossible.

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Banks and NBFCs Providing Education Loans: A Comparison

Feature	State Bank of India (SBI)	Standard Chartered Bank	Axis Bank	Bank of India (BOI)	Propelld
Max Loan with Collateral	AA: ₹50 Lakh, A: ₹40 Lakh, B: ₹30 Lakh, C: ₹7.5 Lakh	Minimum: NPR 1 million, Maximum: NPR 10 million	No upper cap for secured loans; unsecured loans up to ₹75 Lakh–₹1 Crore	Star Education Loan: up to ₹20 Lakh; Star Vidya Loan: up to ₹40 Lakh; general loans up to ₹50 Lakh without collateral, higher with collateral	Up to 50 Lakh without collateral; Up to 2 Crore with collateral
Processing Fee	Up to ₹20 Lakh: Nil; Above ₹20 Lakh: ₹10,000 + GST	Between 0.5% and 1% of the loan amount	Around 0.5% of loan amount + GST (often waived up to ₹20 Lakh)	Nil for small loans; nominal fee for higher amounts	1–3% of the loan amount
Repayment Period	Up to 15 years	15 years	Up to 15 years	Up to 15 years	15 years
Loan Security	Up to ₹7.5 Lakh: co-borrower only; Above ₹7.5 Lakh: collateral + co-borrower	Collateral required for loans above a certain limit	Collateral-free loans available up to ₹75 Lakh (or ₹1 Crore in select cases)	Similar to SBI; collateral required above defined thresholds	Collateral not required
Processing Time	Around 20 days	Around 15 days	Typically 14 days	Around 15–20 days	10 times faster than Banks

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FAQ: Standard Chartered Education Loan

What is a Standard Chartered Education Loan?

A Standard Chartered Education Loan helps students finance higher education in India or abroad. The loan can cover tuition fees, living expenses, travel costs, and other academic expenses with flexible repayment options.

Who is eligible for a Standard Chartered Education Loan?

The applicant must usually be an Indian citizen with confirmed admission to a recognised college or university. A co-applicant, typically a parent or guardian with a stable income, is generally required.

What documents are required for a Standard Chartered Education Loan?

Applicants must submit admission proof, academic records, identity proof (PAN or Aadhaar), address proof, co-applicant income documents, bank statements, and collateral papers if applicable.

What is the maximum loan amount offered by Standard Chartered for education loans?

Loan amounts can go up to ₹1 crore for studying abroad and around ₹50 lakh for studies in India, depending on the course, institution, and repayment capacity.

What expenses are covered under a Standard Chartered Education Loan?

The loan may cover tuition fees, accommodation, travel expenses, examination fees, library charges, books, equipment, and other course-related costs.

What is the interest rate for a Standard Chartered Education Loan?

Interest rates generally range between 9% and 13% per year, depending on the loan amount, collateral, student profile, and course or institution.

What is the repayment tenure for a Standard Chartered Education Loan?

The repayment tenure typically ranges from 5 to 15 years, depending on the loan amount and the borrower’s repayment capacity.

Does Standard Chartered provide a moratorium period for education loans?

Yes. The moratorium period usually includes the course duration plus 6 to 12 months, allowing students time to find employment before starting repayment.

Is collateral required for a Standard Chartered Education Loan?

Collateral may be required for higher loan amounts, especially above ₹7.5 lakh. Acceptable collateral may include property, fixed deposits, or other approved financial assets.

Is a co-applicant mandatory for a Standard Chartered Education Loan?

Yes, in most cases a co-applicant such as a parent or guardian is required. Their income and credit history play an important role in loan approval.

Are there tax benefits on a Standard Chartered Education Loan?

Yes. Under Section 80E of the Income Tax Act, the interest paid on education loans is eligible for tax deductions for up to 8 years.

Can Indian students get a Standard Chartered loan to study abroad?

Yes. Indian students admitted to recognised international universities can apply for a Standard Chartered education loan to fund overseas education.

How is the Standard Chartered Education Loan disbursed?

The loan amount is usually disbursed directly to the educational institution according to the fee schedule. Living expenses may be credited to the student’s account when applicable.

What happens if the borrower fails to repay the loan on time?

Late payments may lead to penalty charges, increased interest, and a negative impact on the borrower’s credit score. Continued default could lead to recovery actions.

Are there processing fees for a Standard Chartered Education Loan?

Yes. Processing fees generally range between 0.5% and 1% of the loan amount, though the exact amount may vary based on the loan profile.

Can I apply for a Standard Chartered Education Loan online?

Yes. Students can apply online through the bank’s official website or visit a nearby branch to start the application and document verification process.

How long does it take for a Standard Chartered Education Loan to be approved?

Loan approval generally takes 1 to 3 weeks, depending on document verification, credit assessment, and collateral evaluation if required.

Can scholarships be used along with a Standard Chartered Education Loan?

Yes. Scholarships can reduce the total loan amount required, making repayment easier and lowering the overall interest burden.

Key Features of Standard Chartered Education Loan 2026: Eligibility Criteria, Documents Required

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