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FundMyCampus: Education Loan Platform
Founded by an IIM Bangalore Alum

Education Loansfor Study Abroad& India

We help fuel educational dreams by removing the barriers to financial access through private student loans.

ā‚¹500Cr+

Loan Disbursed

50+

Countries

Trusted by 12+ Banking Partners

ICICI BankICICI Bank
Axis BankAxis Bank
CredilaCredila
PNBPNB
Union BankUnion Bank
IDFC FirstIDFC First
Yes BankYes Bank
AvanseAvanse
Tata CapitalTata Capital
AuxiloAuxilo
Prodigy FinanceProdigy Finance
PoonawallaPoonawalla
ICICI BankICICI Bank
Axis BankAxis Bank
CredilaCredila
PNBPNB
Union BankUnion Bank
IDFC FirstIDFC First
Yes BankYes Bank
AvanseAvanse
Tata CapitalTata Capital
AuxiloAuxilo
Prodigy FinanceProdigy Finance
PoonawallaPoonawalla
4.9 Google Rating IIM Bangalore Founded 12+ Banking Partners Free Consultation

Let Your Dreams Take Flight

Hyper-personalized financial solutions that power your education!

Students studying together with books and laptops for education

Also see our pilot training loan for CPL and airline cadet programmes, with or without collateral.

Moving abroad for your higher education opens several doors. You can gain access to highly-acclaimed and globally recognized programmes, or you may enhance your career prospects for the future. We have designed a study abroad loan for students who are planning to pursue higher education outside the country. Even if you are applying for a collateral-free education loan, you can achieve all your academic aspirations with ease! We offer a student loan without collateral and with collateral, depending on your student loan requirements.

100%

Financing

Flexible

Repayments

Quick

Solutions

Customizable

Loans

Start Your Study Abroad Journey Today

Why Choose FundMyCampus?

We make education financing simple, fast, and transparent

100% Secure Process

Bank-level security with end-to-end encryption for all your financial data and documents.

Free Counsellor Call

A counsellor calls you back, then works with the lender until your sanction.

Competitive Rates

India from 7.1% and abroad from 8.35% a year, with flexible EMI options tailored to your future income.

No Collateral

Collateral-free education loans up to ā‚¹75 Lakhs for study in India and up to ā‚¹1.5 Crore with collateral for study abroad.

Expert Counselors

Dedicated education loan specialists guide you through every step of the process.

No Hidden Charges

Transparent pricing with no processing fees or hidden charges throughout your loan tenure.

98%

Success Rate

50+

Partner Institutions

Your Easy Loan Journey

Get your education loan approved in 4 simple steps

48hrs

Quick Approval

7.1%

Starting rate (India)

100%

Secure Process

"Making education dreams accessible to everyone"

FundMyCampus

FundMyCampus

LOAN APPLICATION

Step 01

Apply Online

Fill out a simple application form in just 5 minutes

Continue

Step 01

Apply Online

Step 02

Quick Review

Step 03

Get Approved

Step 04

Funds Disbursed

Free Tools for Smart Planning

Use our powerful calculators and tools to make informed decisions about your education loan

Most Popular

EMI Calculator

Calculate your monthly loan payments instantly with our smart calculator

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Eligibility Checker

Check your maximum loan eligibility based on income and credit score

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Compare Loans

Compare multiple loan offers side by side to find the best deal

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New

Pilot Loan Calculator

EMI tables for CPL and cadet programme loans

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New

SOP Review Tool

Get instant AI-powered feedback on your Statement of Purpose

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100% Free

All Tools, No Hidden Costs

Access all our calculators and planning tools completely free

Education Loans for 50 Study Destinations

Country-wise costs, lenders, visa financial proof and EMI examples for Indian students

Choose from the Best Loan Partners

India from 7.1%* Ā· Abroad from 8.35%** Ā· Indicative data, final terms subject to lender approval

* Lowest rate under PM Vidyalaxmi (top colleges, as per the QHEI list). Your rate depends on your college, lender and profile. ** 8.35% (floating) under PNB Udaan for PNB's list of 50 premium universities abroad. Other universities: from 8.6% with collateral (PNB Udaan standard, if you pay simple interest during the course; 9.6% otherwise) and around 10.5% without collateral. Final rate is set by the lender.

Our Banking Partners

ICICI Bank
ICICI Bank

Processing

0.5% - 1%

Amount

Up To ā‚¹2 Cr

Tenure

Up To 14 Years

Axis Bank
Axis Bank

Processing

0.5% - 1%

Amount

Up To ā‚¹3 Cr

Tenure

Up To 15 Years

Credila
Credila

Processing

0.85% - 1%

Amount

Up To ā‚¹1 Cr

Tenure

Up To 15 Years

PNB
PNB

Processing

0.5% - 1%

Amount

Up To ā‚¹2 Cr

Tenure

Up To 15 Years

Union Bank
Union Bank

Processing

0 - ā‚¹5K

Amount

Up To ā‚¹75 Lakhs

Tenure

Up To 15 Years

IDFC First Bank
IDFC First Bank

Processing

0.5% - 1%

Amount

Up To ā‚¹1.5 Cr

Tenure

Up To 15 Years

Yes Bank
Yes Bank

Processing

0.5% - 1%

Amount

Up To ā‚¹2 Cr

Tenure

Up To 15 Years

Avanse
Avanse

Processing

0 - 0.5%

Amount

Up To ā‚¹1.5 Cr

Tenure

Up To 15 Years

Tata Capital
Tata Capital

Processing

0.5% - 1%

Amount

Up To ā‚¹2 Cr

Tenure

Up To 15 Years

Auxilo
Auxilo

Processing

0 - 0.5%

Amount

Up To ā‚¹1.5 Cr

Tenure

Up To 15 Years

Prodigy Finance
Prodigy Finance

Processing

0 - 5%

Amount

Up To 150,000 Dollars

Tenure

Up To 15 Years

Poonawalla Fincorp
Poonawalla Fincorp

Processing

0.75% - 1%

Amount

Up To ā‚¹3 Cr

Tenure

Up To 15 Years

Google Reviews

Rated 4.9ā˜… on Google by Our Students

Unedited reviews from students we've helped. Read all 21 reviews on Google

ā€œThe professionalism at FundMyCampus is remarkable. They treat every student with equal importanceā€
SA

Sarthak Agarwal

Google review Ā· Apr 2026

Education Loans 101

Everything you should know about education loans in India

An education loan is a long-term loan from banks or NBFCs to fund higher education in India or abroad. With FundMyCampus, you get access to all 12+ banking partners, one application, multiple offers.

ā‚¹1.1 Lakh Cr+

India edu-loan market (2026)

12+

Banking partners

8 yrs

Section 80E coverage

Lender Types

4 ways to fund your education

Each lender category has different rate, speed, and flexibility profiles. We help you find the right match.

Public Sector Banks

8.0% to 10.5%

SBI Ā· PNB Ā· BoB Ā· Canara Ā· Union

Lowest interest rates, govt-backed schemes (CSIS, CGFSEL). Strict eligibility, 15ā€“30 day processing.

Private Sector Banks

10% to 12%

ICICI Ā· Axis Ā· HDFC Ā· IDFC Ā· Yes

Faster turnaround (7ā€“14 days), flexible eligibility, strong unsecured options up to ā‚¹50 L.

NBFCs

10.5% to 14%

Credila Ā· Avanse Ā· Auxilo Ā· Tata Ā· Poonawalla

Highest unsecured limits (up to ā‚¹1.5 Cr), fastest approvals (5ā€“7 days), most flexible terms.

International Lenders

9.25% to 13.5% (USD)

Prodigy Finance Ā· MPower

No Indian co-signer required. USD/EUR loans for top US/UK universities.

Coverage

What an education loan covers

Beyond just tuition. Most lenders cover the full cost of attendance.

Tuition fees

Hostel & accommodation

Books & exam fees

Laptop & equipment

Travel & airfare

Health insurance

Visa & immigration

GRE / GMAT / IELTS

Non-tuition expenses typically capped at 20% of total tuition.

We also fund pilot training: CPL in India or abroad and airline cadet programmes. See the pilot training loan

Why compare lenders

A 2% rate gap = ā‚¹4.6 Lakhs in extra interest

The difference between a 9.5% and an 11.5% loan on a ā‚¹40 L principal over 10 years adds up to nearly ā‚¹4.6 Lakhs. Yet most students apply to whichever lender their family banker suggests. Compare first, save lakhs.

Compare in 2 minutes

9.5%

PSU rate

ā‚¹3.4 L interest/yr

11.5%

NBFC rate

ā‚¹3.9 L interest/yr

10-year cost gap

ā‚¹4.6 Lakhs

Section

80E

Tax Benefit

Full interest deduction with no upper limit

Under Section 80E, interest paid on education loans is fully deductible from taxable income, available for up to 8 consecutive years from when you start repaying. Either the student or co-applicant can claim it, under the old tax regime only.

āœ“ No upper limitāœ“ 8-year windowāœ“ Saves 2ā€“3% effective rate

How We Help

From application to disbursement

Founded by an IIM Bangalore alum, FundMyCampus is a loan advisory platform, not a bank. We don't charge students any fee, and we're not tied to any lender. We make sure you get the lowest rate, with the least friction, in the shortest time.

1

Profile match

We match you with the banks most likely to approve your loan.

2

Lender comparison

We compare lenders and apply where you fit best.

3

Clean documentation

We help you prepare a stress-tested document file.

4

End-to-end follow-up

We stay involved until the disbursement letter is in your hand.

Get Started Today

Fill in your details and our education loan experts will get back to you soon

Free Consultation, Our education loan experts provide completely free guidance. No hidden charges, no obligations. We help you find the best loan for your profile.

Education Loan FAQs

Everything you need to know about education loans in India, eligibility, process, repayment, and more

Yes. We arrange loans for a commercial pilot licence (CPL) in India or abroad and for airline cadet programmes, with or without collateral. See pilot training loan options and EMI
You must be an Indian citizen aged 18-35 with a confirmed admission offer from a recognized institution in India or abroad. Most lenders require a minimum of 50% marks in your last qualifying examination, a co-applicant (parent or guardian) with a stable income, and a CIBIL score of 700 or above for the co-applicant. Both undergraduate and postgraduate courses from UGC, AICTE, MCI, or internationally accredited institutions are eligible.
Yes, collateral-free education loans are widely available. Under the government's Credit Guarantee Fund Scheme (CGFSEL), public sector banks provide collateral-free loans up to ā‚¹7.5 Lakhs. For study abroad, schemes like SBI's Global Ed-Vantage offer collateral-free loans up to ā‚¹50 Lakhs for select premier universities. Private banks and NBFCs can offer unsecured loans up to ā‚¹75 Lakhs to ā‚¹1.5 Crore depending on the university ranking and your profile. Unsecured loans typically carry 1.5%-4% higher interest rates than secured loans.
Public sector banks (SBI, Bank of Baroda) offer lower interest rates (8%-10.5%) but have stricter eligibility and longer processing times (15-30 days). NBFCs like Credila, Avanse, and Tata Capital charge slightly higher rates (10.5%-15%) but offer faster approvals (7-10 days), more flexible eligibility, and are more willing to lend for higher collateral-free amounts. FundMyCampus helps you compare both options and find the best fit for your profile.
Education loans cover tuition and academic fees, hostel or accommodation charges, examination and library fees, books, equipment and uniforms, travel expenses including airfare for abroad studies, health insurance premiums, visa and immigration fees, laptop or computer costs, caution deposits, and study tour expenses. Some lenders also cover standardized test fees (GRE, GMAT, IELTS, TOEFL). Non-tuition expenses are generally capped at 20% of total tuition fees.
The moratorium period is a grace period during which you don't pay EMIs. It typically covers your entire course duration plus 6-12 months after completion, giving you time to find employment. During the moratorium, you can optionally pay just the simple interest to reduce your total burden. After it ends, repayment begins through regular EMIs with tenures up to 15 years. Some lenders offer step-up EMI plans where payments start low and increase as your income grows.
You'll need: Identity & address proof (Aadhaar, PAN, Passport), academic documents (Class 10 & 12 marksheets, graduation certificates, entrance exam scores), admission proof (offer letter and detailed fee structure), co-applicant's financial documents (salary slips, IT returns, Form 16, bank statements for 6 months), and collateral documents if applicable (property papers, valuation certificate). Having all documents ready before applying can reduce approval time from weeks to just a few days.
Yes, Section 80E of the Income Tax Act provides a deduction on the interest paid on education loans with no upper limit. The benefit is available for up to 8 consecutive years from the year you start repaying. Both the student and co-applicant can claim this deduction. It applies to loans for higher education in India or abroad, as long as the loan is from a recognized bank or financial institution. Only the interest component qualifies, not the principal. This deduction is available only under the old tax regime.
Common reasons include: a low CIBIL score (below 700) of the co-applicant, insufficient income, poor academic record (below 50%), choosing unrecognized institutions, and incomplete documentation. To improve your chances, ensure your co-applicant's credit score is above 700, prepare documents 2-3 months in advance, choose well-ranked institutions, and if one bank rejects you, try others as each lender has different criteria. FundMyCampus matches you with the right lender based on your specific profile.
Yes, and you should. The government's PM-Vidyalaxmi portal (pmvidyalaxmi.co.in) lets you apply to up to three banks at a time using a single form. You can also independently approach private banks and NBFCs. Comparing multiple offers helps you secure the best interest rate and terms. However, too many credit inquiries can temporarily impact your co-applicant's CIBIL score. FundMyCampus simplifies this by matching you with the most suitable lenders, saving time and unnecessary inquiries.
Yes. The PM Vidyalakshmi Scheme provides collateral-free, guarantor-free loans for students admitted to 1,441 listed top institutions in India, with a 75% credit guarantee for loans up to ā‚¹7.5 Lakhs. Students from families earning up to ā‚¹8 Lakhs annually can get a 3% interest subsidy on loans up to ā‚¹10 Lakhs during the moratorium. The Central Sector Interest Subsidy (CSIS) Scheme covers full interest during the moratorium for families earning up to ā‚¹4.5 Lakhs. Several state governments also offer their own subsidy schemes.
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