Domestic and overseas study finance, with and without collateral.
An education loan funds tuition, living costs, travel and equipment for a recognised course. Smaller loans are often sanctioned without collateral; larger overseas loans usually require security and a co-applicant. Repayment typically begins after a moratorium covering the course duration plus six to twelve months.
Interest paid on an education loan is deductible under Section 80E for up to eight years, which materially changes the effective cost. We prepare the file — admission letter, fee structure, co-applicant income, collateral papers — and place it with partner banks and NBFCs.
Key features
- Domestic and overseas courses at recognised institutions
- Collateral-free loans up to the limit set by each lender's policy
- Co-applicant — usually a parent or guardian — required by most lenders
- Moratorium covering the course plus a grace period before repayment starts
- Interest deduction available under Section 80E as per current rules
- Forex and remittance coordination for overseas fee payments
Risk disclosure. Loans are sanctioned at the sole discretion of the lending institution, subject to its credit policy, documentation and applicable charges. We facilitate the application; we do not sanction credit. Pyrramid Wealth Distributors distributes this product and does not manufacture it. Nothing here is a recommendation or investment advice.