Tata Capital to provide collateral-free education loans up to Rs 75 lakh

The company added that they will provide pre-admission sanction letters to students helping them complete their application process to secure admissions

Tata Capital, a financial services company of the Tata Group on January 24, said it will provide collateral-free education loans of up to Rs 75 lakh and secured loans of up to Rs 2 crore or the total cost of education, including tuition fees and living costs, the company said in a release.

Mumbai-based Tata Capital is providing education loans for those seeking funding to pursue higher education in India, the USA, Canada, the UK, Australia, New Zealand, Germany, Singapore and Dubai (UAE), the company said in a release.

Vivek Chopra, Chief Operating Officer of Retail Finance at Tata Capital said, “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.”

According to a press statement from Tata Capital, the loan is for those who wish to pursue undergraduate, postgraduate and masters programmes in science, technology, engineering & mathematics, and management and vocational courses.

The company added that they will provide pre-admission sanction letters to students helping them complete their application process to secure admissions.

"In addition to competitive interest rates, Tata Capital's Education Loans also offer students flexible repayment options giving them ease of payment during their study period, " the release said.