What is an Education Loan?
An education loan is a financial product designed to help you pay for higher education — whether in India or abroad — without arranging the full cost upfront. It covers not just tuition fees, but also additional expenses such as books, accommodation, exam/lab/library fees, laptops, and travel (for overseas study).
Think of it as an investment in your or your child’s future, where a bank or financial institution funds your education today, and you repay the amount later in easy installments — usually after the course is completed.
🎓 Why Choose Midas Finserve Pvt Ltd?
- 💰 Attractive Interest Rates: Starting from 8.75% p.a.
- 🔒 Both Secured & Unsecured Loans: Flexible options as per profile
- 📅 Flexible Tenure: Up to 20 years
- 🌐 Digital Onboarding: Quick & paperless process
- ⏳ EMI-Free Period: Pay only after course completion
❓ FAQs for Education Loan
No, the student’s income is not included. However, details of an earning family member
(in blood relation) must be provided as co-applicant/guarantor.
Only selected overseas and domestic universities are eligible. Kindly request a callback,
and our team will guide you with the approved list.
We provide both secured (with collateral) and unsecured loans.
Interest rates differ: 7.35% p.a. for secured loans and 10.25% p.a. for unsecured loans.
No. We offer an interest-free / EMI-free period until course completion.
Students can also avail tax benefits on interest repayment under Section 80E of the Income Tax Act after course completion.
Education loans cover:
- 🎓 Tuition & admission fees
- 🏠 Hostel & mess charges
- 📚 Exam, lab & library fees
- 💻 Books, laptops & equipment
- ✈️ Travel expenses (for overseas study)
