Education loans

Designed to help you start sooner and plan better, this education loan offering includes:

• Tailored education loan facility for students of Victoria University India
• Competitive interest rates across secured and unsecured options
• Pre‑admission loan sanction available (subject to eligibility)
• Flexible repayment tenure of up to 15 years
• Coverage includes tuition fees and approved living expenses
• Fully digital, paper‑light application and approval process
• Dedicated relationship support through Axis Bank

Why this matters for your career: the earlier your finances are supported, the sooner you can focus on what employers value—skills, projects, performance, and momentum.

To be eligible:

• Applicant must be an Indian national
• Admission secured on merit basis to a programme at Victoria University India
• Presence of a co-applicant, subject to Axis Bank norms
• Additional requirements may apply for secured loan options

Prepare the following (digital copies recommended):

• Completed loan application form
• Proof of identity and address (student and co-applicant)
• Admission offer letter from the University
• Academic records and qualifying examination results
• Proof of income of the co-applicant
• Bank statements (as applicable)
• Collateral documents (for secured loans only)

• Up to 100% financing for eligible education expenses and approved ancillary costs.
• Flexible repayment options with loan tenures of up to 20 years for undergraduate programmes and 15 years for postgraduate programmes.
• Seamless loan sanction to support your admission journey.
• Tax benefits* on eligible education loan interest under Section 129 of the Income Tax Act 2025, subject to applicable regulations.
• Digital application process with support available across India.

Loan applications are assessed by Credila based on factors including:

• Academic profile
• Programme and institution
• Employment prospects
• Co-borrower’s financial profile, where applicable

• KYC documents
• Academic documents
• Income documents
• Collateral documents, where applicable

• Loan amount starting from 10 Lakh, designed to cover the entire Cost of Education (COE)
• Unsecured education loans available up to ₹1 crore for Domestic course
• Unsecured loans available up to ₹2 crore  for international course
• Secured education loans available up to ₹3 crore
• Instant sanction available under the STP process
• Complete digital loan process
• Dedicated Relationship Manager
• Flexible repayment options
• Loan tenure of 1 to 15 years, including the course period and applicable grace period
• Moratorium period of the course duration plus 1 year,

• Secured education loans: Interest rates starting from 9.50%*
• Unsecured education loans: Interest rates starting from 10.25%*
• Processing fee: Up to 3% + GST
• Pricing may vary based on the applicant’s profile
• The applicable interest rate and charges will be confirmed by Poonawalla Fincorp at the time of loan processing basis Applicant’s/Co Applicant’s profile

*Terms and conditions apply.

• Education loans are available for eligible students pursuing undergraduate and postgraduate courses.
• Applicants may be salaried or self-employed, subject to Poonawalla Fincorp’s applicable eligibility and credit assessment criteria.
• A financial co-applicant may be required as part of the loan application.
• Eligible co-applicants may include parents, parents-in-law, siblings, spouse, first cousins, sister-in-law, brother-in-law, maternal or paternal uncle/aunt, and grandparents, subject to Poonawalla Fincorp’s applicable requirements.
• Additional proof of relationship may be required where applicable.
• For secured loans, collateral may be provided by the financial co-applicant or an eligible co-applicant, subject to Poonawalla Fincorp’s requirements.
• Loan approval, loan amount and applicable terms are subject to Poonawalla Fincorp’s credit assessment and prevailing policies.

• Applicants will need to provide the documents and information required by Poonawalla Fincorp as part of its loan application and credit assessment process.
• Additional documents may be requested depending on the applicant’s profile, co-applicant details and whether the loan is secured or unsecured.
• For secured loans, relevant collateral/property documents will be required as applicable.
• Additional proof of relationship may be required for certain co-applicants.

The final list of documents required will be confirmed by Poonawalla Fincorp during the application process.