Education Loan – Interest Rates & Charges
At Rohini Financial Services, we offer Education Loans at affordable and student-friendly interest rates to make higher education accessible for everyone.
Our transparent pricing, flexible repayment terms, and low processing fees ensure a smooth borrowing experience for students and parents alike.
Current Interest Rates
💰 Interest Rate Range: Starting from 8.50% p.a. (may vary based on institution, course, and applicant profile)
📆 Loan Tenure: Up to 15 years (including moratorium period)
🎓 Loan Amount: Up to ₹50 lakhs or higher, depending on course and location
Final interest rates are determined by factors like co-applicant income, academic background, institution type, and credit profile.
Standard Charges
| Charge Type | Details |
|---|---|
| Processing Fee | 1% – 2% of the loan amount (non-refundable) |
| Documentation Charges | ₹500 – ₹1,500 depending on the loan size |
| Prepayment / Foreclosure | Nil or minimal (as per loan agreement) |
| Late Payment Penalty | 2% per month on the overdue EMI |
| Cheque / ECS Bounce Fee | ₹500 per instance |
| Legal & Verification Fees | At actuals (if applicable) |
| Stamp Duty / Agreement Fees | As per state laws and regulations |
Additional Benefits
✅ No Collateral for Small Loans – Loans up to ₹7.5 lakhs may be approved without security.
✅ Tax Benefits – Interest paid on education loans qualifies for tax deduction under Section 80E of the Income Tax Act.
✅ Flexible Repayment Options – Pay EMIs after course completion with a moratorium period.
✅ Low Processing Time – Fast sanction for urgent admission or visa requirements.
Factors Affecting Interest Rates
- Student’s academic record and admission merit
- Institution’s reputation (India or abroad)
- Co-applicant’s credit score and financial stability
- Loan amount, tenure, and collateral offered
Why Choose Rohini Financial Services
✔️ Affordable interest rates for students
✔️ Transparent process with no hidden charges
✔️ Flexible repayment after course completion
✔️ Expert support for documentation and approval
- Plan Your Education Financing Smartly
- Use our Education Loan Calculator to estimate your EMI and total repayment before applying.
With Rohini Financial Services, funding your higher education is simple, affordable, and worry-free. - 📞 Call Now or 💻 Apply Online to get your personalized loan quote today!