Education Loan
Invest in Your Future with Easy & Affordable Student Financing
At CoverBee, we believe education is the greatest investment you can make. That’s why we offer seamless access to Education Loans that support students and parents in financing tuition fees, living expenses, travel costs, and other educational needs whether in India or abroad.
Our vast network of banks and NBFCs ensures that you receive the best interest rates, customized repayment options, and minimal paperwork, so that your focus stays on building a bright future.
What is an Education Loan?
An Education Loan is a type of financial assistance provided to students or their parents to fund academic expenses. It covers tuition fees, accommodation, books, travel, and other related costs associated with school, college, or university education.
Whether you’re pursuing undergraduate, postgraduate, vocational, or professional courses, in India or abroad—CoverBee connects you with trusted lenders to help make education affordable and stress-free.
Key Features of CoverBee Education Loans
Loan Amount: ₹50,000 to ₹75 Lakhs
Repayment Tenure: Up to 15 years
Interest Rate: Starts at 8.5% p.a.*
Collateral: Secured and unsecured options available
Moratorium Period: Enjoy grace period until course completion + 6–12 months
Quick Processing: Fast approvals & disbursal
What Do Education Loans Cover?
Tuition fees
Hostel/living expenses
Books, library & lab fees
Laptop & educational tools
Travel expenses for overseas study
Exam, project, and thesis fees
Health insurance & visa fees
Documents Required
For Student:
Admission letter from institution
Academic records (10th, 12th, graduation)
Entrance exam scorecard (if applicable)
KYC documents (Aadhaar, PAN, passport)
For Co-applicant (Parent/Guardian):
ID and address proof
Income proof (salary slips, ITR, bank statements)
Collateral documents (if applicable)
Why Choose CoverBee for Education Loans?
Access 30+ Banks & NBFCs
Get connected with India’s top lenders offering student loans under one roof.
Hassle-Free Documentation
Simplified digital process with minimal paperwork and doorstep assistance.
Competitive Interest Rates
Compare and choose from the best available rates tailored to your profile.
End-to-End Support
From document assistance to disbursal and beyond, our team supports every step.
Tailored to Your Course & Country
Customized plans for Indian and foreign education across all streams.
Education Loan FAQs
Students aged 16 and above, along with a co-applicant (parent/guardian), can apply if they’ve secured admission to a recognized institution.
Yes. Unsecured education loans are available up to ₹7.5 lakhs. Beyond that, many lenders may require collateral depending on the loan amount and course.
A moratorium is a grace period where the student does not need to make repayments. Typically, it lasts till course completion plus 6–12 months.
Education loans cover tuition, living expenses, books, travel, project fees, exam fees, and health insurance for overseas students.
Interest rates start around 8.5% p.a., but may vary based on your academic institution, course type, and the lender's criteria.
Yes, some lenders offer loans to Indian students studying abroad or NRI-sponsored students.
Yes. A co-applicant (parent/guardian/spouse) is typically required to strengthen loan repayment capacity.
Usually 3–7 working days after submission of complete documents.