Education Loan to Study Finance in India
*T&C Apply. Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
Finance programmes in India span undergraduate degrees such as B.Com. (Hons), B.Sc. Finance, and BBA Finance, as well as postgraduate management programmes offered by the Indian Institutes of Management (IIMs) and other institutions. The IIMs are autonomous bodies established through The Indian Institutes of Management Act, 2017, and offer postgraduate management degrees, including MBA programmes with specialisations in Finance, through a merit-based admission process via the Common Admission Test (CAT). The cost of a Finance programme in India varies considerably depending on the level of study and the type of institution, from government-affiliated undergraduate colleges to autonomous management institutions. An education loan can help students plan and manage these costs across the duration of their programme.
Why Pursue a Finance Programme in India?
- Range of Programme Levels: Finance-focused education is available at the undergraduate level (B.Com., BBA, B.Sc. Finance) and postgraduate level (MBA with Finance specialisation, M. Com, M.Sc. Finance), catering to students at different stages of their academic journey.
- IIM and Management Institution Programmes: The IIMs offer two-year MBA/PGP programmes where Finance is one of the core and elective streams. Admission is through CAT, with reservations applied as per the Government of India policy.
- Chartered Accountancy Pathway: The Institute of Chartered Accountants of India (ICAI) offers the CA qualification, which is a widely pursued Finance-oriented professional credential in India, distinct from degree programmes.
- Professional Certifications Alongside Degrees: Students often pursue certifications such as CFA (Chartered Financial Analyst) or CMA alongside their degree programmes, adding a professional dimension to their Finance education.
- Broad Career Pathways: Finance graduates work across investment banking, corporate finance, financial planning, taxation, banking, insurance, and capital markets in roles spanning the private sector, public sector banks, and regulatory bodies.
Finance Programmes Available in India
| Programme Level | Programme Type | Duration | Admission Route |
|---|---|---|---|
| Undergraduate | B.Com. / B.Com. (Hons) / BBA Finance / B.Sc. Finance | 3 years | Class 12 marks / university entrance tests |
| Postgraduate | MBA (Finance specialisation) / PGP at IIMs | 2 years | CAT / GMAT + WAT & PI |
| Postgraduate | M.Com. / M.Sc. Finance | 2 years | University entrance tests / merit |
| Professional | CA (Chartered Accountancy) | Varies | ICAI Foundation / CPT |
| Executive | Executive MBA / 1-year MBA for working professionals | 1 year | GMAT + work experience |
List of Institutions Offering Finance Programmes and Approximate Fee Structures
| Institution | Programme | Approx. Total Programme Fee (₹) | Notes |
|---|---|---|---|
| IIM Ahmedabad | PGP (MBA) — Finance is a core & elective stream | ₹27,50,000 (2025-27 batch, domestic) | Tuition fee: ₹20,10,000 included. Admission via CAT. |
| IIM Bangalore | PGP (MBA) — Finance is a core & elective stream | ₹26,30,000 approx. for the complete two-year programme, including academic fees and refundable caution deposit charges. | Includes tuition, hostel, course material. Mess advance ₹30,000/term extra. |
| IIM Kozhikode | PGP-Finance — dedicated 2-year MBA with Finance specialisation | ₹11,75,000 Per year for 2 years. | Finance-specific programme; admission via CAT/GMAT/GRE + WAT & PI. |
| IIM Calcutta | MBAEx (1-year MBA for Executives) | ₹33,50,000 (AY 2025-26, 19th batch) | For working professionals with min. 5 years experience. GMAT required. |
Disclaimer: Fee figures for IIM Ahmedabad (PGP 2025-27) and IIM Calcutta (MBAEx 2025-26, PGDBA 2025-27) are sourced directly from official institution pages. The IIM Bangalore 2025-27 PGP fee has not been confirmed from an official page fetched at time of writing — please verify directly on the IIMB website. Fees are subject to revision. Please verify current fees directly with the institution before making financial decisions.
Sources for verification:
- IIM Ahmedabad:
https://www.iima.ac.in/academics/mba/admissions/indians - IIM Bangalore:
https://www.iimb.ac.in/programmes/pgp/financial-aid-scholarships - IIM Kozhikode:
https://iimk.ac.in/uploads/programsmenu/PGP%20Fee%20Structure%202026-28_20260507095700.pdf - IIM Calcutta – PGDBA Fees & Finance page (₹25,00,000 for 2025-27 batch):
https://www.iimcal.ac.in/programs/pgpex/admissions/fee-structure
Types of Education Loans for Finance Students
Broadly, there are two main types of education loans:
- Secured Education Loan: A secured education loan is backed by collateral, such as residential property, fixed deposits, or insurance policies. This collateral will serve as a guarantee for the lender in case the borrower defaults.
- Unsecured Education Loan: An unsecured education loan is a type of student loan that does not require any collateral or security. Approval is based on the borrower’s financial profile.
Eligibility Criteria for an Education Loan
To qualify for a student loan, here are the eligibility criteria:
- Applicant Age: 16 years or above
- Co-Applicant: Generally required can be a parent, spouse, or guardian
- Eligible Students: Those enrolling in bachelor’s or master’s programmes
- Approved Courses: Academic or professional programmes (MBA, MS, MBBS, etc.)
- Recognised Institutions: Universities and colleges accredited in India
Documents Required for an Education Loan for Finance
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) |
| 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 Studying Finance
Get the funds you need for your education with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | 9.95%* p.a. onwards |
| Origination Fee | 1.25%* + GST |
| Prepayment & Foreclosure Charges | None |
How to Apply for an Education Loan to Study Finance
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.
Expenses Covered Under Student Loan for Finance
When you take an education loan for studying Finance, the following expenses are typically covered:
- Tuition fees and academic charges
- Hostel or on-campus/off-campus accommodation
- Cost of living (food, transport, utilities, etc.)
- Books, lab supplies, and other learning materials
- Laptop or computer (if required for coursework)
- Examination and library fees
- Other education-related expenses as approved by the Credila
Repayment Options for a Finance Degree Loan
Repayment for Finance education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying in EMIs after the moratorium ends.
- Part-Payment Option: Make partial payments during the course to reduce the total interest.
- Flexible Tenure: Repayment tenure of up to 15 years based on your profile.
- No Prepayment Penalty: You can repay early without any additional charges.
Why Avail Credila’s Education Loan to Study Finance?
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.
Disclaimer: Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
#Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
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