Education loans designed for higher studies in India and abroad.
Srikara Financial Services coordinates leading bank and NBFC options with transparent processing, documentation readiness, and simplified communication for students and parents.
Top universities, recognized courses, and vocational programs
Loans covering tuition, living, travel, and examination fees
Repayment post course completion (moratorium options)
Approach
Srikara Financial Services supports students, parents, and professionals pursuing education
by identifying suitable funding options, aligning lenders, and ensuring documentation accuracy.
Based in Hyderabad and Warangal, our digital-first process ensures faster coordination
and clarity at every step.
FAQs — Education Loans
1) Who is eligible for an education loan?+
Students pursuing recognized courses in India or abroad with confirmed admission offers.
2) Can parents be co-applicants?+
Yes. Parents, guardians, or sponsors are generally co-applicants to strengthen eligibility.
3) What expenses are covered?+
Tuition, accommodation, travel, library, laptop, and other education-related costs.
4) What is the repayment tenure?+
Typically up to 15 years including moratorium (study + grace period).
5) Is collateral required?+
Depends on loan amount and lender; smaller loans often need no collateral.
6) Do lenders offer moratorium period?+
Yes, repayment starts after course completion or six months after employment.
7) Is margin money applicable?+
Some lenders require 5–15% contribution from the applicant or co-applicant.
8) Are courses abroad covered?+
Yes. All major overseas universities and programs recognized by authorities are eligible.
9) What documents are required?+
Admission letter, fee structure, mark sheets, ID proof, and income proof of co-applicant.
10) Is prepayment allowed?+
Yes, with minimal or zero prepayment charges as per bank policy.
11) Can NRIs apply for their children?+
Yes. NRIs can sponsor education loans for dependents studying in India.
12) Is insurance offered for student loans?+
Optional insurance covers may protect repayment in unforeseen situations.
13) What factors affect approval?+
Academic record, institution ranking, co-applicant income, and credit profile.
14) Can I transfer my existing education loan?+
Yes, balance transfer to another bank is possible for better terms.
15) Is interest subsidy available?+
Government offers interest subsidy schemes for eligible students under specific criteria.
16) How is the amount disbursed?+
Directly to the institution as per fee schedule; excess can go to student’s account.
17) Can self-employed parents apply as co-applicants?+
Yes, with proper ITR and business proof documents.
18) What if I discontinue the course?+
Repayment begins as per lender’s policy even if course completion is delayed.
19) Are there tax benefits?+
Yes. Interest paid on education loans is eligible for deduction under Section 80E.
20) How do I start the process?+
Choose “Contact” or “Upload Docs” from the menu and share admission details to begin.