Tata Capital Education Loan (India)
Tata Capital, an NBFC founded in 2007 and headquartered in Mumbai, offers an education loan for study in India at a floating interest rate of 9.5% to 21%, with a processing fee of 2%, a prepayment penalty of 0%, a maximum loan amount of ₹2,00,00,000, and a maximum tenure of 180 months. The loan is available unsecured up to ₹85 lakh and secured up to ₹2 crore, with a pre-admission sanction option available.
Required documentation includes academic documents and co-applicant KYC plus income proof — Form 16 for 2 years plus 6 months of bank statements for salaried co-applicants, or ITR plus profit & loss statement plus 6 months of bank statements for self-employed co-applicants. Minimum loan amount, minimum tenure, minimum CIBIL score, age, salary, and employment type are not published for this product.
At 9.5%, Tata Capital has one of the lowest starting rates of the 7 lenders we track for education loans (india).
Documents required
- academic docs
- co-applicant KYC+income proof(salaried Form16 2yr+6mo bank stmt / self-employed ITR+P&L+6mo bank stmt)
As published by Tata Capital. Your branch may ask for more.
Eligibility
Loan terms
- zero foreclosure/part-prepayment
- unsecured up to 85L,secured up to 2cr
- pre-admission sanction available
Fees & charges
Tax: interest paid is deductible under Section 80E with no upper cap, for up to 8 years. Confirm with a tax adviser.
FAQ
After the moratorium — course duration plus 6 to 12 months. Interest accrues during study; paying simple interest through the moratorium reduces your later EMI.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.