Education Loan B.Tech
B.Tech education loan solutions that simplify your academic funding needs.
*T&C Apply
From coding your first programme to envisioning a career in global tech hubs, every engineer’s journey starts with a spark. As you take the next step toward a B.Tech degree, whether in India or abroad, planning your finances becomes just as important as choosing the right university. That’s where an education loan can help. Credila offers tailor-made education loans to support your engineering journey. With up to 100% financing, flexible repayment options, and zero prepayment charges, funding your future has never been easier. Let your ambition take flight; finances shouldn’t stand in your way.
B.Tech Cost in Different Countries
| Country | Estimated Tuition Fees for B.Tech | Course Duration | Remarks |
|---|---|---|---|
| India | INR 2,00,000 – INR 20,00,000 (approx) | 4 years | Fees vary based on the university. |
| USA | USD 10,000 – USD 55,000 (approx) | 4 years | Fees vary based on the university. |
| UK | GBP 11,880 – GBP 23,760 (approx) | 3 years | Fees vary by university; this is an indicative range. |
Note: The study fees for Indian students mentioned above are tentative and based on estimates for 2025. Tuition costs may vary depending on the university (public or private), country, course specialisation, and other factors. It is always best to check with the university for the most accurate and updated fee structure.
Note: For this guide, we have considered both USD and GBP based on the exchange rates as of April 2025. All INR conversions are approximate and may vary. Please check the latest rates while planning your expenses.
Eligibility Criteria for Education Loans for B.Tech
Studying B.Tech abroad is now easier with flexible student loan options that are specially curated for universities and courses.
- Who Can Apply? Students can apply for an education loan with a parent, guardian, or spouse as a co-applicant.
- Age Requirement: You have to be at least 16 years old at disbursement.
- Who Can Get a Loan? Students pursuing a B.Tech.
- Courses Covered: Full-time B.Tech degree.
Documents Required for an Education Loan for B.Tech
To apply for an education loan, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned). ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) – waived for Sampoorna |
| D. Co-Applicant Financials | |
| -> Salaried | Last 6 months’ salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months’ Current & Savings A/c bank statements Last 2 years’ ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months’ Savings A/c bank statements |
| → Pensioner | Last 6 months’ Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for B.Tech
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | Starting from 9.95%* p.a. |
| Origination Fees | 1.25%* + GST |
| Prepayment & Foreclosure Charges | NIL |
* T&C apply. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.
How to Apply for an Education Loan for a B.Tech
Follow this 3-step process
A simple and transparent journey.
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Why Avail a Credila for Your B.Tech Education Loan?
- Save time. Go online.
- We cover it all
- Start early. Apply before admission.
- Friendly rates. All the way.
- Dream big. Achieve bigger.
- Pan-India network of branches
- The benefit of tax saving
- Flexible payment plans
- No hidden charges
Customer-centric processes with just 3 steps to disbursement.
Up to 100% financing of tuition and living expenses.
Benefit from seamless loan sanctions.
Student loans with customised interest rates.
Exploring funding for larger education costs? Not a problem.
Enjoy multi-city co-borrower(s) and collateral flexibility.
Added tax deductions* that bring down your cost of financing
Repayment tenure of up to 15 years.
What you see is what you pay.
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions* that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
