Tata Capital Education Loan: Interest Rates & Application

Securing a quality education is one of the most important investments you can make for your future. With Tata Capital Education Loan, you can access loans with competitive interest rates, flexible repayment options, and high loan amounts, making it easier to focus on your studies. 

Do Read this blog to know: 

  1. Tata Capital offers easy education loans for courses in India and abroad. However, there are certain eligibility criteria that are listed in this blog. 
  2. The interest rates start from around 11.5% depending on the amount of loan, course, applicant profile and a few other things that this blog covers. 
  3. The process to apply and transfer is pretty simple with just a few documents and a few steps. We have listed down the steps of online and offline applications.

Read Time: 8 Mins | Vaishali Pandey

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Tata Capital Education Loan: Interest Rates & Charges

Lets check out the most important details about this education loan, i.e., the interest rates and also a few other important features. 

Feature Description
Loan Amount Up to INR 75 Lakhs unsecured
Up to INR 2 Crore secured
Interest Rate 11.50%
Moratorium Course + 1 year
Processing Fee 1% + GST
Loan Tenure Up to 13 years

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  • No Collaterals Required.
  • Check Eligibility

Tata Capital Education Loan: Eligibility Criteria

The key eligibility criteria for applying for Tata Capital Education Loan are: 

  • Indian national between 18 to 35 years of age. 
  • Must have completed 10+2 and have a good academic record. 
  • Confirmed admission in listed, recognised, and accredited institutions in India or abroad.
  • Eligible Co Applicant Required.
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Tata Capital Education Loan: Documents Required 

Below is a detailed list of the documents needed to apply for the Tata education loan:

Document Applicant Co-applicant/Co-borrower
Application Form Yes Yes
2 Photographs Yes Yes
Proof of Identity Yes Yes
Proof of Residence Yes Yes
Signature Verification from Bank Yes Yes
Income Details No Latest payslip or Form 16 or 3 years ITR, business proof, if applicable.
Proof of Relationship Yes Yes
Confirmed Admission Letter Yes No
Entrance Exam Score Yes, (GRE, IELTS, TOEFL, GMAT, etc.) No
Letter from College Details of course and fee structure to be paid No
Academic Pass out Mark sheet/Certificate Yes No

Also Read: How to Apply for Education Loan in India- Complete Process

Seems Like a Lot of Documentation? Check out Education Loans with Minimal Documentation.

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Calculate Your Education Loan EMI

Calculate your monthly EMI, total interest and total repayment amount - based on loan amount, rate of interest, and tenure of the loan

₹ 10,00,000
10%
36 months
₹ 32,267
Monthly EMI
₹ 1,61,612
Total Interest
₹ 11,61,612
Total payable

Want to grab a low interest rate?

Check these boxes
  • Loan up to Rs. 50 Lakhs for 10 Years
  • Loan up to Rs. 50 Lakhs for 10 Years
  • Loan up to Rs. 50 Lakhs for 10 Years
  • Loan up to Rs. 50 Lakhs for 10 Years

How to Apply for Tata Capital Education Loan?

You can apply either online or offline for Tata Capital Education Loan. Below, we have detailed out the procedure for both types of applications.

Online Application

  • Visit the Tata Capital official website and research all details regarding process, eligibility etc.
  • Fill out the application form with the required details.
  • Upload necessary documents.
  • Submit the application for processing.
  • Once the loan is approved and everything is in place, your funds will be disbursed.

Offline Application

  • Visit the nearest Tata Capital branch.
  • Request an education loan application form.
  • Fill out the form with the required information.
  • Attach the necessary documents.
  • Submit the application to the bank representative.
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How to Apply for Tata Capital Education Loan for Abroad Studies? 

The process to apply for a Tata Capital Education Loan for abroad studies remains the same as that for applying for India, although the documents might differ. 

You can apply easily on the website by filling out the application form and uploading your documents, or by visiting the nearest Tata Capital Branch. 

In both the process, your documents would be assessed and if loan approved, the funds paid directly to the college. 

How to Check your Tata Capital Education Loan Status?

If you've applied for a Tata Capital education loan, you can easily track your application status through multiple channels.

  • Online tracking on the website or App on their loan section. 
  • Offline tracking through customer support via call, email or branch visit in person.
Approval Based on Student Potential. Got Great Grades in 12th? Do Check your Eligibility.

Tata Capital Education Loan Eligible Courses

Here is a list of courses eligible to be covered under Tata Capital Education Loan: 

Category Eligible Courses in India Eligible Courses Abroad
Graduation & Post-Graduation B.A., B.Sc., M.A., M.Sc., and similar programs from recognized universities Undergraduate and postgraduate degrees from accredited institutions
Professional & Technical Engineering, medical, management, and other professional courses Engineering, medicine, management, and specialized technical programs
Ph.D. Programs Doctoral studies in various disciplines Ph.D. programs from recognized foreign universities

Tata Capital Education Loan Repayment Process

Here’s how you can manage your loan repayment efficiently, as Tata Capital offers flexible repayment options to ease financial planning.

  • Moratorium Period: Covers the course duration plus 1 year, giving you time to start repayments after securing a job.
  • Repayment Tenure: Up to 13 years with EMI payments via auto debit or online transfer.
  • Prepayment: No penalty for early repayment if you choose to clear the loan before the tenure ends.
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Expenses Covered by Tata Capital Education Loan

Here are the major types of expenses that Tata Capital’s education loan typically covers: 

  • Tuition Fees
  • Hostel Fees
  • Library Fees
  • Examination Fees
  • Course Materials include books, stationery, and other study aids.
  • Miscellaneous expenses

What is the Maximum Tata Capital Education Loan Without Collateral that You Can Get?

Tata Capital education loan without collateral is available for up to ₹7.5 lakh. For higher loan amounts, collateral may be required depending on the applicant’s profile and institution.

Need a Higher Amount of Loan and No Collateral to Pledge?
Check your Eligibility for Collateral Free Education Loans.

Benefits of Tata Capital Education Loan

Tata Capital offers education loans with a range of benefits designed to help you achieve your academic goals without financial stress. 

1. Competitive Interest Rates

Tata Capital offers education loans with competitive interest rates, which are often lower compared to other financial institutions.

2. Flexible Repayment Options

Tata Capital provides flexible repayment options, including moratorium periods where you can start repaying the loan after completing your course, and extended repayment tenures. 

3. No Collateral Required

For loans up to a specified limit, Tata Capital does not require collateral, making it easier for students and their families to access funds without pledging assets.

4. Quick and Easy Application Process

Tata Capital’s online application process is designed to be user-friendly and efficient, allowing you to apply for a loan from the comfort of your home.

5. High-quality Education at an Affordable Price

The cost of tuition and other educational expenses shouldn't stop you from pursuing your goals; we are dedicated to making sure that everyone, regardless of financial situation, has access to high-quality education at an affordable price.

6. Customer Support and Guidance

Tata Capital provides dedicated customer support to assist you throughout the loan application process and beyond, offering guidance and addressing any concerns you may have.

Looking for the best education loan options for your MBA? Check out the latest MBA education loan interest rates and secure funding with flexible repayment options.

That's it? Here’s Another Feature -> No Collateral Instant Education Loans. Explore and Apply!

How to Transfer your Loan to Tata Capital?

Transferring your loan to Tata Capital can help you reduce interest costs and get better repayment terms. Follow these steps to complete the process smoothly:

  1. Use the Tata Capital app or website to check interest rates and potential savings.
  2. Review the loan transfer fees and other applicable charges.
  3. Ensure you meet Tata Capital’s eligibility criteria for loan balance transfer.
  4. Obtain a No-Objection Certificate (NOC) and apply for foreclosure with your current lender.
  5. Submit your loan transfer application along with the required documents to Tata Capital.
  6. Upon approval, sign the loan agreement with Tata Capital.
  7. Tata Capital will settle your outstanding loan amount with the previous lender, and your old loan account will be closed.
Or, Transfer it to Propelld!
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Why Choose Us?

Choosing the right education loan is tough with so many options. But what makes us different? Here’s a clear, honest comparison to help you decide with confidence.

USP Propelld Others
Loan Processing Time As low as 2 days Much Higher
Collateral Requirement No Needed for Loan above 7.5 Lacs
Online Process 100% Not Completely
Relatives as Co-applicants Acceptable Not Acceptable
Benefits on Student Potential Easy Approval and ROI Benefits No
Documents Requirements As low as 4 documents Quite Tedious
Self Employed Documentation Easy, Special Underwriting. Alternate choices for documentation Strict documentation with requirement for ITR and other income proofs
Approval Chances High, because of numerous factors considered Low, because of strict adherence to limited factors

Unlock Fast, Collateral-Free Education Loans with Propelld

By understanding the features, eligibility criteria, and benefits of the Tata Capital education loan, you can confidently plan your academic journey and invest in your future with peace of mind. Whether you’re aiming for a top university in India or abroad, Tata Capital is committed to supporting your educational aspirations.

Say goodbye to financial hurdles and embrace your dreams with Propelld’s hassle-free digital loan process. Our tailored educational loans are designed to support you every step of the way.

Apply for Tata Capital Education Loan

  • Loan up to Rs. 50 Lakhs for 10 Years
  • No collaterals required
  • Higher approval rates
  • 10x faster prossesing time
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Rajiv Gandhi College of Engineering, Bangalore
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Monish Kumar
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MBA Student at IIM, Kozhikode

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"Turning Education Dreams to Reality through Easy Financing"

Education is an investment that has the highest returns. Education has the highest capability to uplift us economically. We believe financing should never be a barrier for anyone to access education. We aim to transform education financing with tailored, accessible and hassle free solutions that prioritise academic potential over strict eligibility and paperwork.

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FAQ About Tata Capital Education Loan

Is there a charge for mandate rejection?

Yes, ₹450 + GST if a new mandate form isn’t registered in 30 days.

Does Tata Capital provide tax benefits on education loans?

Yes, under Section 80E of the Income Tax Act.

Can I avail of a top-up loan on my existing Tata Capital Education Loan?

Yes, depending on your repayment history and eligibility.

Does Tata Capital allow balance transfer of an existing education loan?

Yes, for better rates and terms.

Can I increase my loan amount after approval?

Sometimes, based on eligibility and need.

What happens if I fail to repay my Tata Capital Education Loan on time?

Penalties, impact on credit score, and possible legal action.

Can I obtain a Tata Capital Education Loan before receiving an admission letter?

Yes, loans can be sanctioned even before the admission letter is issued.

Is insurance mandatory for a Tata Capital Education Loan?

No, but it’s recommended.

Does Tata Capital provide education loans for online courses?

Yes, if the program is from a recognised institution.

Can I apply for a Tata Capital Education Loan if I have a low credit score?

Yes, but adding a co-borrower with strong financials improves chances.

Is a co-signer required for the Tata Capital Education Loan?

Yes, immediate family members like parents, siblings, or spouse.

Does Tata Capital provide 100% financing for education loans?

Yes, up to 100% financing based on loan amount and collateral.

What is the processing time for a Tata Capital Education Loan?

Usually 7 to 10 days.

Are there any prepayment charges for the Tata Capital Education Loan?

No, there are no prepayment charges.

What is the moratorium period for Tata Capital Education Loan?

Course duration + 1 year.

How do I repay my Tata Capital Education Loan?

Through online payment, cheque, or demand draft.

Can I use the Tata Capital Education Loan to study abroad?

Yes, it's available for studies in India and abroad.

What are the benefits of Tata Capital Education Loan?

Competitive interest rates, flexible repayment, quick process.

How do I check the status of my Tata Capital Education Loan application?

Contact customer service or log into your online account.

Can I get a Tata Capital Education Loan without collateral?

Yes, for loan amounts up to a certain limit.

How do I apply for a Tata Capital Education Loan?

Apply online through their website by filling the application form and uploading required documents.

What expenses are covered by the Tata Capital Education Loan?

Tuition fees, hostel fees, library fees, exam fees, and other related expenses.

What is the repayment tenure for the Tata Capital Education Loan?

Up to 13 years.

Can I apply for a Tata Capital Education Loan without a co-borrower?

No, a co-borrower is required.

What is the interest rate on Tata Capital Education Loan?

11.50%

What is the processing fee for the Tata Capital Education Loan?

1% + GST

How long does it take for Tata Capital to disburse the loan amount?

Within a few days after approval.

What are the eligibility criteria for Tata Capital Education Loan?

Indian citizen, 18–35 years old, good academic record, enrolled in a recognised institution in India or abroad.

Question

Answer

What is the maximum loan amount offered by Tata Capital Education Loan?

Up to INR 75 Lakhs unsecured and up to INR 2 Crore secured.

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