{"id":33246,"date":"2024-07-22T19:26:15","date_gmt":"2024-07-22T13:56:15","guid":{"rendered":"https:\/\/unicreds.com\/blog\/?p=33246"},"modified":"2025-09-29T19:44:38","modified_gmt":"2025-09-29T14:14:38","slug":"education-loan-in-delhi","status":"publish","type":"post","link":"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/","title":{"rendered":"Education Loan In Delhi: Top Banks &amp; Eligibility"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#Highlights_On_Abroad_Education_Loan_In_Delhi\" >Highlights On Abroad Education Loan In Delhi<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#Top_Banks_Providing_Education_Loan_In_Delhi\" >Top Banks Providing Education Loan In Delhi&nbsp;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#Eligibility_Criteria_For_Delhi_Student_Loan\" >Eligibility Criteria For Delhi Student Loan&nbsp;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#Documents_Required_For_Delhi_Education_Loan\" >Documents Required For Delhi Education Loan&nbsp;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#How_To_Apply_For_A_Delhi_Student_Loan_Through_UniCreds\" >How To Apply For A Delhi Student Loan Through UniCreds?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#Education_Loan_By_Delhi_Government\" >Education Loan By Delhi Government&nbsp;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#What_Expenses_Does_An_Education_Loan_In_Delhi_Cover\" >What Expenses Does An Education Loan In Delhi Cover?&nbsp;<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/unicreds.com\/blog\/education-loan-in-delhi\/#FAQs\" >FAQs&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"bsf_rt_marker\"><\/div>\n<p><\/p>\n\n\n\n<p>Education loans in New Delhi are offered by nearly all major banks and NBFCs in the city. There are numerous reasons to consider taking an education loan. Such loans can facilitate entry into prestigious colleges or universities and enable pursuing higher studies abroad. New Delhi, renowned for its rich cultural heritage and vibrant lifestyle, is often called &#8216;Mini India&#8217; because of its diverse cultures and religions. As the largest commercial city in Northern India, New Delhi has attracted numerous multinational companies.&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlights_On_Abroad_Education_Loan_In_Delhi\"><\/span><strong>Highlights On Abroad Education Loan In Delhi<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Category<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Description<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" rowspan=\"4\">Top Banks in Delhi<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Axis Bank<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; ICICI Bank<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; IDFC Bank<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Bank of Baroda<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" rowspan=\"2\">Upper Loan Limits<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Up to Rs. 50 Lakhs (without collateral)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Up to Rs. 1.5 Crore (with collateral)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Interest Rates<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; 10.85% &#8211; 13.25%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" rowspan=\"4\">Top NBFCs in Delhi<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Credila<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Avanse Education Loan<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Auxilo Education Loan<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Incred Education Loan<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" rowspan=\"2\">Upper Loan Limits (NBFCs)<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Up to Rs. 75 Lakhs (without collateral)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Up to Rs. 1.5 Crore (with collateral)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Interest Rates (NBFCs)<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; 11.25% &#8211; 14.00%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" rowspan=\"6\">Eligibility Criteria<\/td><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Indian citizen<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Admission to a recognised university abroad<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Good academic record<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Co-applicant may be required (some loans)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Collateral may be required for higher amounts (some loans)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">&#8211; Repayment capacity assessment<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_Banks_Providing_Education_Loan_In_Delhi\"><\/span><strong>Top Banks Providing Education Loan In Delhi&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>You can apply for an <a href=\"https:\/\/unicreds.com\/abroad-education-loan\" target=\"_blank\" rel=\"noreferrer noopener\">abroad education loan<\/a> in Delhi by researching and finding the right bank that suits your financial needs. Collateral and non-collateral loan options are available to students from banks and NBFCs.<\/p>\n\n\n\n<p>UniCreds will help you get a loan from top banks in India like Credila, Bank of Baroda, Axis Bank and IDFC. We have partnered with these banks to get you the following features:\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Education Loan Provider<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Upper Limits Without Collateral<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Upper Limits With Collateral<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Interest Rates<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/axis-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Axis Bank Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 50 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 2.5 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">11.00%\u201311.50%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/icici-bank\" target=\"_blank\" rel=\"noreferrer noopener\">ICICI Bank Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 50 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1.5 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">10.85%\u201312.50%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/idfc\" target=\"_blank\" rel=\"noreferrer noopener\">IDFC Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 50 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1.5 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">11.50%\u201313.25%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/bank-of-baroda\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Baroda Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 40 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1.5 Crores<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>9.7% &#8211; 10.2%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/credila-education-loan\">Credila<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 65 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1.5 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">11.25%\u201313.00%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/avanse\" target=\"_blank\" rel=\"noreferrer noopener\">Avanse Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 75 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 1.5 Crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">12.50%\u201313.50%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/auxilo\" target=\"_blank\" rel=\"noreferrer noopener\">Auxilo Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 65 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 85 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">11.25%\u201314.00%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/unicreds.com\/partners\/incred\" target=\"_blank\" rel=\"noreferrer noopener\">Incred Education Loan<\/a><\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to INR 60 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">INR 85 Lakhs<\/td><td class=\"has-text-align-center\" data-align=\"center\">12.00%\u201314.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_For_Delhi_Student_Loan\"><\/span><strong>Eligibility Criteria For Delhi Student Loan&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Refer to the table below to understand Delhi&#8217;s eligibility criteria. Remember that specific requirements may vary between lenders in Delhi. It&#8217;s advisable to check with individual banks or financial institutions for their exact criteria and any recent updates.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Requirements<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Applicants must be Indian citizens.<\/li>\n\n\n\n<li>Age typically ranges from 18 to 35 years old.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Academic Qualifications<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Completion of 10+2 or equivalent qualification.<\/li>\n\n\n\n<li>Admission is secured at a recognised foreign university\/institution.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Course Requirements<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Eligible courses must be full-time and recognised by Indian or foreign authorities.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial Criteria<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Minimum income requirements for co-applicant\/guarantor.<\/li>\n\n\n\n<li>Good credit score for the applicant or co-applicant.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Collateral<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Collateral may be required for loans above a certain amount.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cosigner\/Guarantor<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A co-signer or guarantor is usually required, often a parent or guardian.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Delhi_Education_Loan\"><\/span><strong>Documents Required For Delhi Education Loan&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Your loan application process becomes smoother only when your documents are in place. Hence, you need to gather some basic documents beforehand to avoid any delay or hassle at the last moment. Below is a list of basic documents:&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Identity proof<\/li>\n\n\n\n<li>Academic records<\/li>\n\n\n\n<li>Entrance exam scores (GRE, GMAT, ACT, SAT)<\/li>\n\n\n\n<li>Admission proof from the university<\/li>\n\n\n\n<li>Course details<\/li>\n\n\n\n<li>Bank statements<\/li>\n\n\n\n<li>Income tax returns<\/li>\n\n\n\n<li>Co-applicant\/guarantor documents<\/li>\n\n\n\n<li>Collateral documents (if applicable)<\/li>\n\n\n\n<li>Student visa or visa application copy<\/li>\n\n\n\n<li>Employment documents (if applicable)<\/li>\n\n\n\n<li>Scholarship\/financial aid proof (if any)<\/li>\n\n\n\n<li>Cost estimation for studies abroad<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_To_Apply_For_A_Delhi_Student_Loan_Through_UniCreds\"><\/span><strong>How To Apply For A Delhi Student Loan Through UniCreds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXdti-wf7sv0iX-BhwIj_Y-RsE6fBapBpmRCxIUwY02ppQPwfqXgZJP4u7vJd1neQ_nDT0RCpEDX5RC-KEhgZub6P3ByIM61UehZdTUmIXFSJPtK48DmFwbTDOZqsNH8jEvwD8dW6TM77tcy89lco9C0IsGG?key=Z0VbBZNf6ZwStxjkt82YHw\" alt=\"\" style=\"width:583px;height:auto\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Securing an education loan can be confusing, but with UniCreds, you can rest assured that every step will be handled carefully. From your initial consultation to the final disbursement of funds, our dedicated team will guide you through each stage.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Initial Consultation:<\/strong> Arrange a complimentary consultation with UniCreds&#8217; loan specialists. We will discuss your educational goals, financial situation, and preferred loan options during this session.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Document Gathering:<\/strong> After receiving your education loan application, our team will provide you with a clear checklist of the necessary documents. We will help you collect these documents efficiently to ensure a smooth process.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Application Assistance: <\/strong>UniCreds will process your education loan application accurately and promptly. We will ensure all required information and documents are included to avoid delays.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comparison &amp; Negotiation: <\/strong>While primarily focusing on your preferred student loans, we will explore other lenders and programmes to secure the most competitive terms. To get you the best deal possible, we may negotiate lower interest rates with lenders on your behalf.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Submission &amp; Application Tracking: <\/strong>Once your application has been submitted to the bank, we will update you on its progress. We will handle all communication with the bank, saving you time and effort.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loan Approval &amp; Disbursement: <\/strong>The lender will outline the loan terms upon approval. We will guide you through the disbursement process, ensuring your funds are released to you promptly.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_Loan_By_Delhi_Government\"><\/span><strong>Education Loan By Delhi Government&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>The Delhi Government has introduced an education loan scheme to support students pursuing higher education. This initiative offers loans up to INR 10 lakhs without requiring any collateral or third-party guarantee. The scheme is available to students who have secured admission to any recognised Indian or international institution.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The loan covers tuition fees, accommodation, books, and other related expenses. Additionally, the repayment period is designed to be flexible, with options extending up to 15 years, and the interest rates are subsidised to make it more affordable for students and their families.&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Expenses_Does_An_Education_Loan_In_Delhi_Cover\"><\/span><strong>What Expenses Does An Education Loan In Delhi Cover?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>An education loan in Delhi typically covers various expenses for pursuing higher education. These expenses can include:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tuition Fees:<\/strong> Fees charged by the educational institution for the course.<\/li>\n\n\n\n<li><strong>Examination Fees:<\/strong> Costs associated with examinations or assessments during the course.<\/li>\n\n\n\n<li><strong>Hostel or Accommodation Fees:<\/strong> Charges for lodging if staying in a hostel or rented accommodation.<\/li>\n\n\n\n<li><strong>Books and Study Materials:<\/strong> Expenses for textbooks, reference books, and other study materials required for the course.<\/li>\n\n\n\n<li><strong>Equipment and Instruments:<\/strong> Cost of specialised equipment or instruments needed for practical studies or research.<\/li>\n\n\n\n<li><strong>Travel Expenses:<\/strong> Expenses related to travel, such as airfare or transportation costs to and from the educational institution.<\/li>\n\n\n\n<li><strong>Insurance Premium:<\/strong> Insurance premiums, if required by the educational institution or lender.<\/li>\n\n\n\n<li><strong>Other Miscellaneous Expenses:<\/strong> Additional expenses include uniform costs, project work expenses, and other necessary academic expenses.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Q1. What is the interest charged during the moratorium period?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>During the moratorium period, only simple interest will be charged. After this period, the specified interest rate will be applied.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Q2. Is a co-applicant needed for the education loan?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Yes, for all full-time courses, a co-applicant is required. This co-applicant could be your parents, guardian, or a relative.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Q3. Which bank is best for education loans in Delhi?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>\u00a0Credila, Bank of Baroda, and ICICI Bank are some of the best options for education loans in Delhi because of their competitive interest rates and comprehensive loan schemes.\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Q4. Can I get a 100% education loan?<\/strong>#<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Education loans offer several advantages, including 100% financing for course fees and living and travel expenses. However, you must meet all the required eligibility criteria for these benefits.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Q5. Is education loan interest-free?<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Student loans do not have zero interest but come with a moratorium until the completion of studies. During this time, only simple interest is charged, and the borrower must pay only the interest.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><em>We hope you found this insightful. Check some more related articles.<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/unicreds.com\/blog\/how-to-track-auxilo-education-loan-status\/\"><em>How To Track Auxilo Education Loan Status?<\/em><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/unicreds.com\/blog\/list-of-approved-foreign-universities-for-education-loan\/\"><em>List Of Approved Foreign Universities For Education Loan<\/em><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/unicreds.com\/blog\/difference-between-undergraduate-and-graduate-education-loan\/\"><em>Difference Between Undergraduate &amp; Graduate Education Loan&nbsp;<\/em><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Education loans in New Delhi are offered by nearly all major banks and NBFCs in the city. There are numerous reasons to consider taking an education loan. Such loans can facilitate entry into prestigious colleges or universities and enable pursuing higher studies abroad. New Delhi, renowned for its rich cultural heritage and vibrant lifestyle, is [&hellip;]<\/p>\n","protected":false},"author":103,"featured_media":33247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2578],"tags":[],"class_list":["post-33246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Education Loan In Delhi: Top Banks &amp; Eligibility - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"Know how to apply for education loans in Delhi and the various loan providers in your city. 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