Fund tuition, hostel, travel and study materials for courses in India and abroad — with repayment starting after the course, and tax deduction on the interest you pay.
An education loan finances higher studies in India or abroad. Repayment usually begins after the course plus a short grace period (moratorium). Interest during this period either accrues to the loan or can be paid as you go.
Interest paid on an education loan is deductible under Section 80E for up to 8 years. Our calculator shows how much interest builds up during the course and what paying it early saves you.
Courses in India and abroad
Tuition, hostel, travel, books, laptop
Repayment holiday during the course + grace period
Section 80E deduction on interest
Parent or guardian as co-applicant
Help with lender selection and paperwork
Calculators built for education
Know your numbers before the bank does
Education loan & moratorium Sec 80E
Interest during study = loan × rate × (course + grace) · EMI on principal + accrued interest · 80E: full interest deductible for 8 yrs
Grace period after course
Earning member's tax slab
EMI if interest accrues—
Interest built up in study—
EMI if you pay interest during study—
Moratorium—
Sec 80E tax saved (yr 1)—
Indicative estimate using standard lending formulas and editable default rates. Final amount, rate and terms are decided by the lender after appraisal.
Eligibility
Who qualifies
Student Criteria
Confirmed admission to a recognised course
Indian resident
Good academic record
Co-applicant Criteria
Parent / guardian / spouse with regular income
Collateral for larger loan amounts as per lender policy
Documents
What you'll need
Admission letter and fee structure from the institution
Academic records: mark sheets of last qualifying exams
KYC of student and co-applicant
Co-applicant income proof: salary slips / ITRs and 6 months' bank statement
Collateral papers (for higher amounts)
Passport, visa and I-20 / CAS (for study abroad)
Tip: use our document checklist builder to tick off what you have and send the pending list to us on WhatsApp.
Suitable for
When this loan is the right tool
Higher studies in IndiaStudying abroadProfessional coursesPostgraduate programmes
How it works
From first question to disbursal, in four steps
Check eligibility
Use a calculator or the 3-step check. No effect on your credit score.
Share documents
Our checklist tells you exactly what's needed — send it on WhatsApp or drop it at our office.
Ex-banker pre-check
Our in-house credit team reviews your file and selects the lenders most likely to approve at the best rate.
Sanction & disbursal
We follow up with the lender until the money is in your account — and stay for after-sales support.
FAQ
Education Loan: your questions answered
Usually after the course ends plus a grace period of about 6–12 months, depending on the lender.
Yes, simple interest generally accrues during the moratorium. Paying it as you go keeps your later EMI lower — the calculator compares both.
The full interest paid on an education loan is deductible under Section 80E, for up to 8 assessment years from when repayment starts.
Tuition, hostel, exam and library fees, travel for study abroad, books, equipment and a laptop as per lender policy.
A parent, guardian, spouse or sibling with regular income.
Smaller amounts may be sanctioned without collateral; larger amounts usually need property or deposits as security.
Yes. Lenders fund courses abroad on the basis of admission, course, country and co-applicant profile.
Yes. Floating-rate loans to individuals carry no prepayment charge.
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Legal
Privacy Policy
Last updated: November 2026 · Bhavya Agencies Pvt. Ltd.
What we collect
When you fill a form, use a calculator's WhatsApp button or contact us, we receive the details you choose to share — name, mobile number, email, city, loan type, amounts and income figures you enter. Calculators run in your browser; numbers you type are not sent anywhere unless you press a WhatsApp or submit button.
Why we use it
Only to understand your loan requirement, contact you, assess eligibility and present your application to banks and NBFCs you authorise. We do not sell your personal data.
Sharing with lenders
Your information and documents are shared with lenders only for processing your application, with your consent. Each lender handles your data under its own privacy policy and applicable law, including the Digital Personal Data Protection Act, 2023.
Storage & security
Documents you share are kept only as long as needed for your application and legal record-keeping, with reasonable safeguards against unauthorised access.
Your rights
You can ask us to access, correct or delete your personal data, or withdraw consent, by writing to sandeep@bhavyaa.com. Withdrawal does not affect processing already done.
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This website uses your browser's session storage only to remember that you have seen the intro animation and pop-up. It does not use advertising cookies.
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Terms & Conditions
Last updated: November 2026 · Bhavya Agencies Pvt. Ltd.
Our role
Bhavya Agencies Pvt. Ltd. facilitates loans from banks and NBFCs. We are not a lender. Sanction, rate of interest, fees, amount and terms are decided solely by the lender after its own appraisal.
Information on this website
Descriptions, eligibility criteria and calculator results are indicative and for general guidance. They are not an offer or commitment of credit.
Your responsibilities
You agree to provide true, complete and current information and genuine documents. Misrepresentation may lead to rejection by lenders and legal consequences.
No guarantee
Submitting an enquiry does not guarantee approval. Lenders may decline or modify an application at their discretion.
Communication
By submitting your number you agree to be contacted by Bhavya Agencies by call, SMS, email or WhatsApp regarding your enquiry, even if you are registered on DND.
Governing law
These terms are governed by the laws of India; courts at New Delhi have exclusive jurisdiction.
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Disclaimer
Last updated: November 2026 · Bhavya Agencies Pvt. Ltd.
Calculators
All calculators use standard formulas — EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), FOIR, LTV, DSCR, drawing power — with default rates you can edit. Results are illustrative estimates, not quotes.
Regulatory figures
References to RBI loan-to-value limits, prepayment rules, Delhi stamp duty and Income-tax deductions reflect our understanding at the time of writing and can change. Please verify with the lender, sub-registrar or your tax adviser.
Rates
Interest rates and charges vary by lender, product, profile and time. Any figure discussed is subject to the lender's sanction letter and Key Fact Statement.
Third-party names
Any bank or NBFC names mentioned are for information; their trademarks belong to them.
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Risk Disclosure
Last updated: November 2026 · Bhavya Agencies Pvt. Ltd.
Borrowing is a commitment
A loan must be repaid with interest on schedule. Missed or late EMIs attract penal charges, harm your credit score and, for secured loans, can lead the lender to enforce its security — including your property.
Floating rates
On floating-rate loans the rate can rise with the benchmark, increasing your EMI or tenure.
Secured loans
When you mortgage property, the lender holds a charge on it until the loan is fully repaid and the security is released.
Borrow what you can repay
Keep total EMIs within a comfortable share of income. Our eligibility tools show the upper limit lenders may allow, not the amount you should necessarily take.
Read the Key Fact Statement
Before signing, read the lender's sanction letter and Key Fact Statement, which state the APR, all fees and recovery terms.
Legal
Grievance Redressal
Last updated: November 2026 · Bhavya Agencies Pvt. Ltd.
Step 1 — Write to us
Email sandeep@bhavyaa.com or call 011-45123555 with your name, mobile and the issue. We acknowledge within 2 working days and aim to resolve within 15 working days.
Step 2 — Escalation
If unresolved, write to our Principal Officer, Mr. Sandeep Jain, at 4E/7, 3rd Floor, Jhandewalan Extension, New Delhi – 110055.
Lender-related complaints
For issues about sanction, rate, charges or recovery, you may also use the grievance channel of your lender as stated in its sanction letter.
RBI Ombudsman
If your lender does not resolve a complaint within 30 days, or you are not satisfied, you may approach the RBI under the Reserve Bank – Integrated Ombudsman Scheme at cms.rbi.org.in.
