Chola Education Loan

• Fast processing and disbursal
• Loan up to 100% of the cost of education
• No prepayment penalty
• Doorstep service
• Dedicated relationship manager for assistance

• Loan available for studies in India or abroad.
• Flexible repayment tenure of up to 15 years.
• No collateral or security required for loans up to Rs. 10 lakhs.
• Competitive interest rates.

• Identity proof (PAN card, Aadhaar card, passport, or driving license)
• Address proof (Aadhaar card, passport, or utility bills)
• Income proof (salary slips, bank statements, or IT returns)
• Admission letter from the educational institution
• Academic records (10th, 12th, and graduation mark sheets)

1.Who is eligible for Chola's education loan? 

Indian nationals who have secured admission to a recognized university/institution in India or abroad are eligible for Chola's education loan. The applicant should be between 18 and 35 years of age and have a co-applicant/guarantor who can provide collateral security.

2.What is the maximum loan amount offered by Chola? 

Chola offers education loans starting from Rs. 1 lakh up to Rs. 20 lakhs, depending on the course, institution, and other factors.

3.What expenses are covered by Chola's education loan? 

Chola's education loan covers tuition fees, hostel/mess charges, books, equipment, and other related expenses.

4.What is the repayment tenure for Chola's education loan? 

Chola offers a repayment tenure of up to 7 years, with flexible repayment options through EMIs.

5.What is the interest rate offered by Chola for education loans? 

Chola offers education loans at competitive interest rates, with the option to choose between fixed or floating rates.

6.Do I need to provide collateral security for Chola's education loan? 

Yes, Chola requires collateral security in the form of property or other assets, along with a co-applicant/guarantor.

7.What is the application process for Chola's education loan? 

The application process for Chola's education loan involves submitting the necessary documents and filling out the application form online or at a Chola branch. After verification, the loan is disbursed directly to the institution or student's account.