Paying for the course, here or abroad
Study now, start repaying once the course ends.
An education loan funds a course of higher study in India or abroad — tuition, hostel and living costs, travel, a laptop, insurance. Repayment does not begin with the loan. A moratorium runs through the course and for six to twelve months after it, so the first EMI falls due once you are out, not while you are studying.
- Interest range p.a.
- [7%–14%] Interest range p.a.
- Collateral-free limit
- ₹7.5 lakh Collateral-free limit
- Tenure after moratorium
- 15 years Tenure after moratorium
Why through JSR
What you get
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No EMI while you study
The moratorium covers the course duration plus six to twelve months. Nothing is due until it ends.
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Up to ₹7.5 lakh without security
Above that the pledge has to cover the loan, and it does not replace the co-applicant — their income is assessed either way.
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Section 80E has no upper cap
Under the old regime the full interest paid is deductible, unlike the ₹2 lakh ceiling that applies to a home loan.
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We build the abroad file
I-20 or CAS letter, cost of attendance, forex margin, remittance paperwork. Assembling that set in the order the lender reads it is most of the work.
At a glance
Education Loan details
- Loan amount
- Based on the institution's cost of attendanceTuition, hostel, exam fees, travel, laptop and insurance can all be counted; you fund a margin of [5%] in India and [15%] abroad
- Collateral
- Usually not required up to ₹7.5 lakhAbove that, most lenders ask for property, a fixed deposit or an LIC policy
- Co-applicant
- MandatoryA parent, guardian or spouse — their income and FOIR are assessed, since the student has none
- Moratorium
- Course duration plus 6 to 12 monthsNo EMI is due during it, but interest still accrues
- Tenure
- Up to 15 years after the moratoriumCounted from the first EMI, not from disbursement
- Processing fee
- [Nil to 1%] of the sanctionOften waived for study in India; abroad files usually carry one, plus forex and remittance charges
- Tax deduction
- Section 80E — interest in fullOld regime only, and on interest alone; the principal is not deductible. It runs for 8 assessment years or until the interest is cleared, whichever comes first, and sits with whoever actually repays
Is this you?
Who this suits
- You hold a confirmed admission or offer letter from a recognised institution
- A parent, guardian or spouse can sign as co-applicant and show income
- The course is a recognised degree or diploma — professional and technical courses clear fastest
- For anything above ₹7.5 lakh, the family has property, a deposit or a policy to pledge
- You are going abroad and need a sanction letter in hand for the visa interview
Documents
What you will need
About the course
- Admission or offer letter from the institution
- Fee structure, or the university's cost of attendance statement
- Mark sheets from Class 10 onwards and the entrance or qualifying exam score
- Studying abroad: I-20 for the US or CAS letter for the UK, with the visa file
- Scholarship, assistantship or fee-waiver letter, where you have one
About you and the co-applicant
- PAN, Aadhaar and photographs for the student and the co-applicant
- Passport for the student, for any course outside India
- Co-applicant salaried: 3 months' payslips, Form 16, 6 months' statements
- Co-applicant self-employed: 2 to 3 years' ITR with computation
- Title documents for the security, where the loan crosses ₹7.5 lakh
We tell you which of these your lender actually wants before you gather anything.