Tata Capital launches education loans; no collateral up to Rs 75 lakh

NEW DELHI: Tata Capital Ltd has launched education loans for students wishing to pursue higher education in India, United States (US), Canada, United Kingdom (UK), Australia, New Zealand, Germany, Singapore and Dubai (UAE).

The loan is meant for those aspiring to study undergraduate, postgraduate, masters programmes in science, technology, engineering and mathematics, and management and vocational courses. Tata Capital’s education loans will provide students with access to collateral-free loans up to Rs 75 lakh and secured loans of up to Rs 200 lakh or the total cost of education including tuition fees and living costs.

Tata Capital also provides pre-admission sanction letters to students helping them successfully complete their application process to secure admissions. In addition to competitive interest rates, the education loans also offer students with flexible repayment options giving them ease of payment during their study period.

The benefits of Tata’s education loans are easy online application process, no collateral up to Rs 75 lakh, up to 100 percent financing, and flexible repayment options.

Speaking about the launch of education loans, Vivek Chopra, Chief Operating Officer, Retail Finance at Tata Capital said, “Trust and transparency have always been the strongest pillars of our business. The comprehensive range of Education Loans go beyond conventional financial support, covering aspects from tuition fees to travel and medical. With a student-first approach, we aim to break down socio-economic barriers to higher education, ensuring that every student gets the opportunity to fulfil their academic aspirations.”

Tata Capital Ltd is the flagship financial services company of the Tata Group. It offers services including consumer finance, advisory services, commercial finance, infrastructure finance, securities, investment banking, private equity advisory, credit cards and travel and forex services.