The admission anchors the file
An offer or admission letter tells the lender the course, the institute, and the costs being funded.
Home Education Loan
Study finance, placed with the right lender.
Tuition, living costs, and related expenses for higher studies in India or abroad. VAP Money prepares the file and coordinates it with banks and NBFCs.
Overview
An education loan, matched to the admission.
Students with a confirmed admission, usually with a co-applicant, use an education loan for fees, hostel or rent, and other costs named in the admission papers. The course, the institute, and the co-applicant’s income are what lenders read first.
Fees and living costs
Tuition, hostel or rent, and study costs in the admission papers. Other uses are only those the lender agrees to include.
The decision stays with the lender
Amount, interest, fees, security, and when repayment starts are quoted by the bank or NBFC. VAP Money coordinates that application.
Features and benefits
What the arrangement is meant to do.
Lenders that fund education
The admission and co-applicant set can be discussed with banks and NBFCs that offer education loans for India or overseas study.
Admission papers first
The offer letter, academic record, and co-applicant income are lined up before the file goes in.
A person on the file
The VAP team stays with the application through the lender’s verification, until that lender sanctions or declines.
Repayment on the lender’s terms
Moratorium, interest during study, and EMI follow the sanction letter. We do not quote a rate until a lender has assessed the file.
Eligibility and documents
What lenders usually ask to see.
These are the checks banks and NBFCs commonly apply to an education loan. The final criteria, including the course, security, and the co-applicant, are theirs.
Eligibility
- A confirmed admission to a course the lender will consider.
- An Indian student, within the age band that lender publishes.
- A co-applicant, where that lender requires one, with income they can verify.
- Academic records and, for some lenders, entrance or collateral requirements they publish.
Documents
- KYC of the student and the co-applicant.
- Admission or offer letter, fee structure, and academic marksheets.
- Co-applicant income papers and bank statements.
- Entrance-test result, visa papers, or collateral papers if the lender asks for them.
How to apply
Three steps from enquiry to the lender’s desk.
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01
Requirement
Share your name, mobile number, and what the loan is for. Use the form on this page.
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02
Papers
We tell you which KYC, income, and banking documents the matched lenders expect.
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03
Decision
The bank or NBFC verifies the file and decides sanction, rate, fees, and when funds are released.
Enquiry now
Tell us the education loan you need.
Submit the form and the enquiry is emailed to info@vapmoney.com. You can also call +91 98110 52842 or write to info@vapmoney.com.