365Telugu.com online news,Mumbai,January 28,2025: As students prepare for the new academic year, Tata Capital Ltd (TCL), the leading financial services arm of the Tata Group, is helping families navigate the financial challenges of education with its comprehensive range of education loan options.
Following the announcement of results for key exams like CAT, XAT, SNAP, GRE, SAT, GMAT, and IELTS/TOEFL, students across India are planning their next steps in higher education. With admission deadlines approaching, Tata Capital’s education loan offerings are designed to ease the financial burden, allowing students to focus on their academic goals without worry.
Tata Capital provides both collateral-free loans up to INR 85 lakh and secured loans up to INR 2 crore, covering the full cost of education. The loans are available for both domestic and overseas education, covering tuition, living expenses, study materials, and more. Notably, students can apply for loans even before receiving their admission letters, ensuring they meet pre-visa requirements.
Cities like Hyderabad, Bangalore, Chennai, Mumbai, Pune, and Ahmedabad have witnessed significant demand for education loans, particularly for study abroad programs. In particular, emerging fields like Management, Engineering, Aviation, Medicine, and Technology, along with upskilling programs, are seeing high interest.
The USA, UK, Germany, Ireland, and Australia are the leading destinations for students opting for overseas education, with the majority seeking loans for post-graduate studies in STEM (Science, Technology, Engineering, and Mathematics) fields.
Vivek Chopra, COO – Retail Finance at Tata Capital Ltd, commented, “At Tata Capital, we offer a seamless digital loan process, ensuring quick approval and disbursal. Our commitment to digital transformation enables us to provide fast, efficient solutions for our customers.”
Since the launch of Tata Capital’s education loan program in December 2023, over 6,000 applications have been received, highlighting the growing demand for reliable education financing. With a vast network of over 900 branches across India, Tata Capital is well-positioned to meet the needs of students nationwide.