{"id":777172,"date":"2023-07-10T15:34:22","date_gmt":"2023-07-10T10:04:22","guid":{"rendered":"https:\/\/leverageedu.com\/discover\/?p=777172"},"modified":"2025-12-18T17:44:48","modified_gmt":"2025-12-18T12:14:48","slug":"education-loan-after-12th","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/","title":{"rendered":"How Can You Get an Education Loan After 12th? Here&#8217;s a Guide"},"content":{"rendered":"\n<p>Education is an essential requirement of any person and plays a crucial role in shaping life. However, the cost of higher education is increasing steadily and sometimes financial instability acts as a barrier to many students who wish to pursue higher education. Here is when an educational loan comes into the role. Educational loans are usually financial assistance provided to students who cannot afford higher education and other related costs. It encourages students to pursue the course without thinking about any financial limitations. If you are a student planning to take an educational loan and want to know everything about it, this blog is the right place.<\/p>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-benefits-of-education-loan\">Benefits of Education Loan<\/h2>\n\n\n\n<p>Education loan offers various benefits to students&nbsp; that help them pursue the course of their wish, some of the benefits are:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Education loan enables access to education to all irrespective of their financial background and helps them follow the program they opted for.&nbsp;<\/li>\n\n\n\n<li>Education loans offer flexible repayment options after the employment of students, which does not create any burden on the students.&nbsp;<\/li>\n\n\n\n<li>Education loans usually have lower interest rates compared to other sources of loans, making them affordable.&nbsp;<\/li>\n\n\n\n<li>Repayment of an education loan on time helps students to build a positive credit score which can help them in future financial aid.&nbsp;<\/li>\n\n\n\n<li>Education loan removes the barrier of finance and thus allows students to focus on their studies without any worry.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-nbsp\">Eligibility&nbsp;<\/h2>\n\n\n\n<p>There are certain criteria on which education loan is provided such as<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The applicant must be a citizen of India<\/li>\n\n\n\n<li>Student must have completed class 12th<\/li>\n\n\n\n<li>The applicant must have secured a seat in a recognized university.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>InCred Education Loan: Eligibility, Application and Amount <\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required-nbsp\">Documents Required&nbsp;<\/h2>\n\n\n\n<p>The documents that will be required during the application for an education loan are:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mark sheet of std 10th and 12th<\/li>\n\n\n\n<li>KYC Document<\/li>\n\n\n\n<li>Admission letter<\/li>\n\n\n\n<li>Fee structure of the university<\/li>\n\n\n\n<li>Income proof<\/li>\n\n\n\n<li>Co-applicant KYC documents.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-top-banks-in-india-offering-education-loan\">Top Banks in India Offering Education Loan<\/h2>\n\n\n\n<p>Education loans are provided by various top banks in India starting from an interest rate of 6.85% per annum with a repayment tenure of 15 years. Some of the banks are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>State Bank of India<\/li>\n\n\n\n<li>Punjab National Bank<\/li>\n\n\n\n<li>Union Bank of India<\/li>\n\n\n\n<li>Axis Bank<\/li>\n\n\n\n<li>Bank of Baroda<\/li>\n\n\n\n<li>Federal Bank<\/li>\n\n\n\n<li>Bank of India<\/li>\n\n\n\n<li>Tata Capital<\/li>\n\n\n\n<li>HDFC<\/li>\n\n\n\n<li>Kotak Mahindra Bank<\/li>\n\n\n\n<li>Other private banks<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Know Everything About Education Loan for Germany &#8211; Leverage Edu<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-education-loan-online\">How to Apply for an Education Loan Online?<\/h2>\n\n\n\n<p>&nbsp;The steps to apply for an education loan online are:&nbsp;<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Visit the official site of the bank<\/p>\n\n\n\n<p><strong>Step 2: <\/strong>Selection education loan and click on apply<\/p>\n\n\n\n<p><strong>Step 3:<\/strong> Fill up the form and upload the required documents<\/p>\n\n\n\n<p><strong>Step 4:<\/strong> The bank will verify the documents and get back to you for further processing.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-education-loan-offline-nbsp\">How to Apply for an Education Loan Offline?&nbsp;<\/h2>\n\n\n\n<p>The steps to apply for an education loan offline are:&nbsp;<\/p>\n\n\n\n<p><strong>Step 1:<\/strong> Visit the branch of the bank<\/p>\n\n\n\n<p><strong>Step 2:<\/strong> Fill out the form provided by the bank after selecting a perfect loan for you.&nbsp;<\/p>\n\n\n\n<p><strong>Step 3<\/strong>: Submit the required documents&nbsp;<\/p>\n\n\n\n<p><strong>Step 4: <\/strong>After verification of the documents, the bank will grant you the amount required by or as per their guidelines.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-expenses-covered-under-education-loan\">Expenses Covered under Education Loan<\/h2>\n\n\n\n<p>Various things are covered under an education loan, this may vary from bank to bank but a general list of things covered are<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tuition fees<\/li>\n\n\n\n<li>Insurance premium<\/li>\n\n\n\n<li>Hostel fees<\/li>\n\n\n\n<li>Cost of books<\/li>\n\n\n\n<li>Travel expense<\/li>\n\n\n\n<li>Examination and library fees<\/li>\n\n\n\n<li>Caution deposit<\/li>\n\n\n\n<li>The expense of a laptop if required to complete the course.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\">FAQs<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1688532091685\"><strong class=\"schema-faq-question\">Can I apply for an education loan after the 12th?<\/strong> <p class=\"schema-faq-answer\">Yes, students can apply for education loans to study in India or Abroad after completion of std 12th.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1688532092946\"><strong class=\"schema-faq-question\">Is a 100% education loan available?<\/strong> <p class=\"schema-faq-answer\">Yes, a 100% education loan is available in some cases covering all the expenses essential for the study.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1688532094104\"><strong class=\"schema-faq-question\">Is collateral compulsory to avail education loan?<\/strong> <p class=\"schema-faq-answer\">No, collateral is compulsory to avail of the education loan without which the loan will not be provided.<\/p> <\/div> <\/div>\n\n\n\n<p><strong>Relatable Reads<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td><strong>SBI Education Loan: Types, Rate &amp; Application&nbsp;<\/strong><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/syndicate-bank-education-loan\/\"><strong>Syndicate Bank Education Loan 2025: Eligibility, &amp; Interest Rates<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/blog\/tata-capital-education-loan\/\"><strong>TATA Capital Education Loan 2025<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/vijaya-bank-education-loan\/\"><strong>Vijaya Bank Education Loan For Domestic and International Students<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>This was all about education loans after the 12th. Hope this blog cleared all your doubts regarding the education loan. For more information, keep following <a href=\"https:\/\/leverageedu.com\/\"><strong>Leverage Edu.&nbsp;<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Education is an essential requirement of any person and plays a crucial role in shaping life. However, the&hellip;\n","protected":false},"author":14,"featured_media":777174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[366],"tags":[],"class_list":{"0":"post-777172","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-indian-education-loans"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Can You Get an Education Loan After 12th? Here&#039;s a Guide | Leverage Edu Discover<\/title>\n<meta name=\"description\" content=\"Know all about getting Education Loan After 12th, how to get Education Loan After 12th, process, amount, expenses, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Can You Get an Education Loan After 12th? Here&#039;s a Guide\" \/>\n<meta property=\"og:description\" content=\"Know all about getting Education Loan After 12th, how to get Education Loan After 12th, process, amount, expenses, and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/\" \/>\n<meta property=\"og:site_name\" content=\"Leverage Edu Discover\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T10:04:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T12:14:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Team Leverage Edu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Leverage Edu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Can You Get an Education Loan After 12th? Here's a Guide | Leverage Edu Discover","description":"Know all about getting Education Loan After 12th, how to get Education Loan After 12th, process, amount, expenses, and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/","og_locale":"en_US","og_type":"article","og_title":"How Can You Get an Education Loan After 12th? Here's a Guide","og_description":"Know all about getting Education Loan After 12th, how to get Education Loan After 12th, process, amount, expenses, and more.","og_url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/","og_site_name":"Leverage Edu Discover","article_published_time":"2023-07-10T10:04:22+00:00","article_modified_time":"2025-12-18T12:14:48+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg","type":"image\/jpeg"}],"author":"Team Leverage Edu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Team Leverage Edu","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#article","isPartOf":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/"},"author":{"name":"Team Leverage Edu","@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb"},"headline":"How Can You Get an Education Loan After 12th? Here&#8217;s a Guide","datePublished":"2023-07-10T10:04:22+00:00","dateModified":"2025-12-18T12:14:48+00:00","mainEntityOfPage":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/"},"wordCount":740,"commentCount":0,"image":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg","articleSection":["Education Loans to Study in India"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/","url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/","name":"How Can You Get an Education Loan After 12th? Here's a Guide | Leverage Edu Discover","isPartOf":{"@id":"https:\/\/leverageedu.com\/discover\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#primaryimage"},"image":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#primaryimage"},"thumbnailUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg","datePublished":"2023-07-10T10:04:22+00:00","dateModified":"2025-12-18T12:14:48+00:00","author":{"@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb"},"description":"Know all about getting Education Loan After 12th, how to get Education Loan After 12th, process, amount, expenses, and more.","breadcrumb":{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532091685"},{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532092946"},{"@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532094104"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#primaryimage","url":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg","contentUrl":"https:\/\/blogassets.leverageedu.com\/media\/uploads\/sites\/9\/2023\/07\/13113405\/graphic-design-colleges-in-india-6.jpg","width":1024,"height":640,"caption":"Education Loan After 12th"},{"@type":"BreadcrumbList","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leverageedu.com\/discover\/"},{"@type":"ListItem","position":2,"name":"How Can You Get an Education Loan After 12th? Here&#8217;s a Guide"}]},{"@type":"WebSite","@id":"https:\/\/leverageedu.com\/discover\/#website","url":"https:\/\/leverageedu.com\/discover\/","name":"Leverage Edu Discover","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leverageedu.com\/discover\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/leverageedu.com\/discover\/#\/schema\/person\/2ff73e58c003b112c432ff6dd6ee01cb","name":"Team Leverage Edu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/983552bac71f3399788c36183b7463c46a949abb3f22384efb7f79d62d60cfb3?s=96&d=mm&r=g","caption":"Team Leverage Edu"},"url":"https:\/\/leverageedu.com\/discover\/author\/leverageedu\/"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532091685","position":1,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532091685","name":"Can I apply for an education loan after the 12th?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, students can apply for education loans to study in India or Abroad after completion of std 12th.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532092946","position":2,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532092946","name":"Is a 100% education loan available?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, a 100% education loan is available in some cases covering all the expenses essential for the study.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532094104","position":3,"url":"https:\/\/leverageedu.com\/discover\/indian-education-loans\/education-loan-after-12th\/#faq-question-1688532094104","name":"Is collateral compulsory to avail education loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, collateral is compulsory to avail of the education loan without which the loan will not be provided.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/777172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/comments?post=777172"}],"version-history":[{"count":1,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/777172\/revisions"}],"predecessor-version":[{"id":873630,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/777172\/revisions\/873630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media\/777174"}],"wp:attachment":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media?parent=777172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/categories?post=777172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/tags?post=777172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}