Education Loans | University of Aberdeen Mumbai

Education Loans

Funding your education is an important part of planning for university. University of Aberdeen, Mumbai students can explore education loan options from Axis Bank, Credila Financial Services Limited and Poonawalla Fincorp Education Loan.

The right option will depend on your loan requirement, co-applicant profile, collateral preference and repayment plan.

Compare your education loan options

	Axis Bank	Credila Financial Services Limited	Poonawalla Fincorp
Loan type	Secured and unsecured	Secured and unsecured	Secured and unsecured
Interest rate	9.00% secured; 9.50% unsecured	From 9.50% secured; from 10.75% unsecured	From 9.50% secured; from 10.25% unsecured
Loan amount	Up to 95% of total course fees; up to ₹1 crore unsecured	Up to ₹1.5 crore unsecured; higher secured funding may be available	Up to ₹1 crore unsecured under instant sanction; up to ₹3 crore through other routes
Repayment tenure	Up to 15 years	Up to 20 years for UG; up to 15 years for PG	Up to 15 years
Moratorium	Course period + applicable grace period	Study period + 12 months post-course	Course period + one year, capped at three years
Processing fee	₹7,999 including GST; nil below ₹7.5 lakh	As applicable under the lender terms	Up to 2% + GST
Key advantage	Pre-admission sanction and dedicated relationship management	Pre-admission sanction and up to 100% eligible education-cost funding	Digital journey, dedicated relationship manager and instant-sanction capability

Rates, loan amounts, fees and approval terms are subject to the lender's prevailing policies and individual assessment.

Disclaimer

The University is independent of Axis Bank, Credila Financial Services Limited and Poonawalla Fincorp Education Loan and does not recommend or endorse their services. Any decision to engage with this provider is made solely by the individual, and the University is not a party to any agreement entered into.

Poonawalla Fincorp

What you should know

Poonawalla Fincorp offers a digital application journey with credit, employment and income verification built into the process. Its education loan offering also includes a dedicated relationship manager and flexible repayment options.

Eligibility: Loans are available to salaried and self-employed applicants, subject to credit assessment. Eligible relatives may act as co-applicants or provide collateral, subject to the lender's requirements.
Documents: KYC, income and bank documents, employment verification and relationship proof where required. Secured loans additionally require acceptable collateral documentation.
Application: The digital journey includes consent, credit-bureau checks, employment and income verification, KYC, loan agreement and disbursement.

FAQs

Can I explore a loan before I have my final admission?: Yes. Some lenders offer pre-admission evaluation or sanction, allowing you to plan funding earlier.
Does a sanction guarantee the final loan amount?: No. Final approval and disbursement remain subject to the lender's verification and prevailing credit policy.
Should I choose a secured or unsecured loan?: Consider the amount required, total borrowing cost, collateral implications and your family's repayment capacity.
Can my loan cover living expenses?: Depending on the lender and approved loan structure, eligible living and education-related expenses may be included.
When should I begin the loan process?: Starting early gives you more time for document collection, credit assessment and sanction before fee or visa-related deadlines.
Can the loan amount change after admission?: Potentially. Any revision is subject to the lender's assessment and approval.
Does University of Aberdeen, Mumbai decide whether I receive a loan?: No. Loans are independently assessed, sanctioned and disbursed by the respective lender.
What should I compare before choosing a lender?: Look beyond the headline interest rate. Compare the total cost, processing fee, tenure, moratorium, collateral requirement, repayment structure and disbursement terms.