Protect your dreams and stay prepared for any uncertainties. After all, your education deserves peace of mind!
FAQs (frequently asked questions)
What expenses does the education loan cover?
The loan covers tuition fees, accommodation, travel expenses (for overseas studies), books, and other educational needs.
What documents are required to apply for an education loan? For the Applicant:
You’ll need:
Admission letter from the institution
Academic records (mark sheets, certificates)
Identity proof (Aadhaar, PAN, Passport)
Address proof (utility bill, voter ID, etc.)
What documents are required to apply for an education loan? For the Applicant:
You’ll need:
Income proof (salary slips, ITR)
Bank statements (last 6 months)
Identity and address proof
What is the interest rate for education loans?
Depending on the loan amount and eligibility criteria
Can I apply for a loan to study abroad?
Absolutely! Loans are available for both domestic and international education.
What happens if I am unable to repay the loan on time?
You can discuss loan restructuring options with us, but late payments may attract penalties.
Do I need a co-applicant for the loan?
Yes, a co-applicant (such as a parent, guardian, or spouse) is mandatory for loans
Is collateral required for an education loan?
Collateral is not required for loans up to ₹7.5 Lakhs. For higher amounts, collateral may be needed.
Can I apply for a loan before securing admission?
Yes, you can initiate the process, but final approval will require proof of admission.
Are there any tax benefits on education loans?
Yes, under Section 80E of the Income Tax Act, you can claim deductions on interest paid.
How long does it take for the loan to get approved?
Loan approvals typically take up to 72 hours after document verification.
Our Happy Clients
Meera Joshi
AUSN Finance went above and beyond to ensure I got the best deal. Their no-collateral loan option helped me immensely as I didn’t have assets to pledge.
Rohit Agarwal
The EMI options were perfect for my budget. I could focus on my studies without worrying about immediate repayment. A great experience overall!
Kavya Reddy
Getting my education loan approved felt like a breeze with AUSN Finance. Their 24/7 customer support and expert advice helped me at every step.
Arjun Mehta
AUSN Finance truly cares about students and their dreams. The moratorium period gave me enough time to settle after graduation before starting repayments.
