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IIFL Finance Ltd is a non-banking financial company that provides a wide range of financial products and services, including education loans.
IIFL Finance's education loan is designed to help students fund their higher education in India or abroad. The loan covers tuition fees, living expenses, books and equipment, and other related expenses. The loan can be availed by Indian citizens or residents, including salaried individuals, self-employed professionals, and non-salaried individuals.
Advertised Rate
Available Terms
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Loan Amount
1.What is the maximum loan amount that I can get for education loan from IIFL Finance Ltd?
The maximum loan amount that you can get for an education loan from IIFL Finance Ltd is Rs. 50 lakhs.
2.What is the eligibility criteria for availing an education loan from IIFL Finance Ltd?
The eligibility criteria for availing an education loan from IIFL Finance Ltd include: Indian citizenship, admission to a recognized institution in India or abroad, and good academic background.
3.Do I need to provide collateral for an education loan from IIFL Finance Ltd?
Yes, you need to provide collateral security for an education loan from IIFL Finance Ltd. The collateral can be in the form of property, fixed deposits, or any other acceptable security.
4.What is the interest rate for an education loan from IIFL Finance Ltd?
The interest rate for an education loan from IIFL Finance Ltd varies depending on various factors such as loan amount, tenure, collateral, and credit score of the borrower.
5.What is the repayment tenure for an education loan from IIFL Finance Ltd?
The repayment tenure for an education loan from IIFL Finance Ltd can range from 12 months to 84 months, depending on the loan amount and other related factors.
6.Can I avail tax benefits on the education loan from IIFL Finance Ltd?
Yes, you can avail tax benefits on the education loan from IIFL Finance Ltd under Section 80E of the Income Tax Act, 1961.
7.Can I apply for an education loan online with IIFL Finance Ltd?
Yes, you can apply for an education loan online with IIFL Finance Ltd through their website or mobile app.
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