Top Education Loan Lending Partners
We work directly with public sector banks, private institutions, NBFCs, and global lenders to structure student loans tailored to your profile.
State Bank of India (SBI)
Public Sector BankBank of Baroda (BOB)
Public Sector BankHDFC Credila
Specialized NBFCAvanse Financial
Specialized NBFCAuxilo Finserve
Specialized NBFCInCred Education
Specialized NBFCProdigy Finance (USD)
International LenderMPOWER Financing (USD)
International LenderSecured vs Non-Collateral Education Loans
🏠 Secured Education Loans (With Collateral)
Backed by immovable property (residential/commercial/land) or liquid assets (Fixed Deposits, LIC policies, Government bonds).
- Maximum Amount: Up to ₹1.5 Crores+
- Interest Rates: Lower interest rates (8.5% – 10.25%)
- Primary Lenders: SBI, Bank of Baroda, Union Bank
- Repayment Tenure: Up to 15 years post-moratorium
⚡ Unsecured Education Loans (No Collateral)
Sanctioned based on student academic performance, GRE/IELTS test scores, target university ranking, and co-applicant income.
- Maximum Amount: Up to ₹75 Lakhs
- Interest Rates: Competitive NBFC rates (10.25% – 13.5%)
- Primary Lenders: HDFC Credila, Avanse, Auxilo, InCred
- Processing Time: Fast digital approval in 3 to 5 days
Our 5-Step Education Loan Process
01. Financial Profiling & Eligibility Assessment
Evaluating admission status, family funding capability, co-applicant ITRs, CIBIL credit records, and property documentation.
02. Multi-Lender Rate Comparison
Comparing loan structures across 10+ lending institutions to identify the lowest interest rates and minimal processing charges.
03. Doorstep Document Collection
Digital verification and doorstep pickup of KYC documents, property search titles, and financial affidavits.
04. Fast Sanction Letter Issuance
Coordinating directly with credit underwriters to resolve legal/valuation queries and secure digital sanction letters.
05. Disbursement & Pre-Visa Support
Ensuring timely fund release directly to university escrow accounts, German Blocked Accounts, or Canadian GIC portals.
Mandatory Education Loan Documents
Student Documents
- ✔️ Photo ID & PAN Card
- ✔️ Valid Passport & Address Proof
- ✔️ 10th, 12th & Degree Marksheets
- ✔️ University Offer / Admit Letter
- ✔️ IELTS / PTE / GRE / TOEFL Scorecard
Co-Applicant / Financial Documents
- ✔️ Co-Applicant PAN, Aadhaar & Photos
- ✔️ Last 3 Years Income Tax Returns (ITR)
- ✔️ Last 6 Months Salary Slips (Salaried)
- ✔️ Last 6 Months Bank Statement
- ✔️ Property Title Deeds (For Secured Loans)
Frequently Asked Questions About Education Loans
Can I get an education loan without providing property collateral?
Yes. Leading private lenders and NBFCs (such as HDFC Credila, Avanse, Auxilo, and InCred) offer unsecured non-collateral education loans up to ₹75 Lakhs based on student academic merit, test scores, and co-applicant income profiles.
What expenses are covered under a study abroad education loan?
Loans cover 100% of study-related expenses including university tuition fees, living costs, accommodation, mandatory health insurance, flight tickets, laptops, and destination requirements like German Blocked Accounts and Canadian GIC transfers.
How long does it take to receive an education loan sanction letter?
Digital in-principle sanction letters from partner NBFCs can be secured in 3 to 5 business days, while public sector bank property-mortgage sanctions typically require 10 to 18 working days.
Can I claim tax benefits on education loan repayments in India?
Yes. Under Section 80E of the Indian Income Tax Act, you or your co-borrower can claim a 100% tax deduction on the total interest paid on your education loan for up to 8 consecutive assessment years with no upper financial cap.
Does Broadway International charge any service fees for loan processing?
No. Broadway International provides loan evaluation, multi-lender rate comparisons, doorstep documentation support, and sanction tracking completely free of cost.
