Education Loan

Don’t let a financial crunch hold you back from pursuing higher education. Get an education loan from CASHe!

Having access to the education of your dream is very important. But as you progress ahead in your studies and nurture big dreams such as maybe going abroad for higher education, you require finances to fund it. This can be expensive for many. Getting an education loan is the best option to help you out in such situations.
Gone are the days when the thought of applying for a loan caused a wave of panic and worry. With the introduction and rise of instant loan apps, getting a loan to fund your education has become so much easier.

What is an Education Loan?

An education loan, as the name suggests, is a personal loan that you can avail to pursue your education. The primary purpose of an education loan is to equip you with adequate funds so that you can attend a college or a university of your choice and pursue an academic degree.

Who should opt for a Student Loan?

A study loan can be of great help to finance your higher studies, especially if you are planning to take an education loan to study abroad. The loan amount can easily cover the cost of tuition, accommodation, admission fees, etc. Apply for an education loan online when you have decided you want to pursue higher education and need the additional funds to finance your degree. Whether it is an education loan for MBBS or any other degree, securing a study loan is the right decision for you and your savings.

Features of CASHe Education Loan

Some of the key features of CASHe’s education loans:

Streamlined Process

You can apply for an online education loan on CASHe by following a few easy and hassle-free steps and have the education loan finance transferred to your bank account almost instantly.

Adequate Funds

On the CASHe app, you can avail an online education loan for amounts ranging from ₹15,000 to ₹4,00,000.

Digitised Documentation

The entire process of education loan application process on CASHe is online. All you need to do is upload digital copies of your documents to complete your application for an education loan.

Flexible EMI Plans

Education loans on the CASHe app are offered with flexible EMI plans with tenures ranging from 9 days to 540 days.

Benefits of an Education Loan

Some of the benefits you can avail when you opt for a loan for education are:

  • Covering Various Expenses

    The instant education loan amount can be utilised for paying the tuition fee and living costs too. This will be very helpful if you are pursuing further education abroad where everything can be expensive.

  • Save Your Savings

    Applying for a study loan will ensure you don’t dip into and exhaust your savings. Many people end up selling their jewellery, land, etc. just to be able to finance their higher education. But if you choose to get an education loan online, you won’t have to worry about selling anything to fill in the financial gap.

  • Building Credit Score

    This is a great opportunity to improve your credit score by making timely repayments. As long as you are consistent in paying off the education loan amount, you will be working towards building a very good credit score.

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20 million+
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loyal customers

How to Apply For an Education Loan?

What are the requirements for an Education loan?

Download the CASHe mobile app

Create your account and provide all the necessary information.

Click on ‘Get Loan’.

Determine the type of loan and loan amount.

Get personal loans for 90, 180, 270, 360 and 540 days with loan amounts from ₹15,000 to ₹4,00,000.

Wait for everything to be verified and approved.

The loan amount will be disbursed to your bank account.

Loan Configuration for an Educational Loan-

CASHe offers a wide range of plans so that you can choose what is best for you.


Tenure: 3 months
Min. Salary ₹15,000
Minimum loan: ₹15,000
Maximum loan: ₹1,10,000


Tenure: 6 months
Min. Salary ₹20,000
Minimum loan: ₹20,000
Maximum loan: ₹2,10,000


Tenure: 9 months
Min. Salary ₹25,000
Minimum loan: ₹50,000
Maximum loan: ₹2,58,000


Tenure: 12 months
Min. Salary ₹40,000
Minimum loan: ₹75,000
Maximum loan: ₹3,00,000


Tenure: 18 months
Min. Salary ₹50,000
Minimum loan: ₹1,25,000
Maximum loan: ₹4,00,000

Requirements for applying

The loan eligibility criteria for taking a personal loan for education purposes are simple and quick to avail. Start here by checking your education loan eligibility:

Eligibility Criteria

What is the eligibility criteria for an Education loan?

Must be an
Indian citizen

Must be at least
18 years of age

Must be a
salaried professional

Must have monthly
salary of ₹15,000 or more

Must have a
Facebook or a Linkedin Account

Required Documents

What are the documents required for an Education loan?

Photo Identity
Proof (PAN Card)

Income Proof
(Latest Salary Slip)

Identity Proof
(Aadhar Card)

Permanent Address Proof
(Accepted Documents)

Latest Bank
Statement showing Salary Credit

CASHe Student Loan Interest Rates and Charges

At CASHe, the education loan interest rates are calculated on a monthly basis for the entire loan amount. The CASHe education loan interest rate is 2.50% per month (equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount. We also offer a 5-day interest-free grace period to pay your education loan EMI at the end of every month. You will be charged with a 0.7% interest fee penalty for any subsequent delay.

We also levy a processing fee ranging between ₹500 to ₹1,200 on our education loans, depending on the loan product you are eligible for.

Tips for Successful Education Loan Application

  • Proper documentation: Ensure that the digital documents that you upload for your education loan application are genuine and legible. This will help in faster processing, approval and disbursal of your loan amount.
  • Good credit repayment history: You must ensure that you have a good repayment history on your past credit cards and loans, be it from CASHe or other financial institutions. Any late repayment or loan default history against your name will flag you as a customer with a negative profile.

Expenses Covered in CASHe Education Loan

Your CASHe education loan is a type of personal loan and hence does not have any limitations on the usage of the loan amount. Some of the expenses covered in CASHe’s education loan are:

  • Tuition fees
  • Cost of living
  • Airfares
  • Cost of books, extra-curricular activities, examination fees, etc.

Tax Benefits of Education Loan

Under Section 80E of the Income Tax Act, you can claim a tax deduction for the education loan availed from any financial institution or approved charitable institution. However, you can claim this deduction only on the interest part of the education loan.

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Frequently Asked Questions

Have a question not mentioned here? Feel free to contact us and we will respond as soon as possible.

The eligibility criteria for availing an education loan from CASHe are:

  • You must be an Indian citizen
  • You must be at least 18 years of age
  • You should be a salaried professional
  • Your monthly salary must be ₹15,000 or more

Yes, you can avail an education loan by yourself as long as you meet CASHe’s eligibility criteria for education loans.

The education loan interest rates on CASHe are calculated on a monthly basis. Our education loan interest rate is 2.50% per month on the loan amount (equivalent to reducing the balance interest rate to 3.71% per EMI).

You can find the CASHe mobile app on the Google PlayStore and the Apple App Store.

Yes, you can repay your CASHe education loan in EMIs as per your selected loan tenure. The education loans on CASHe are offered with flexible loan tenures ranging from 90 days to 540 days.

You will need digital copies of the following documents to apply for an education loan on the CASHe app:

  • Photo identity proof (PAN card)
  • Income proof (latest salary slip)
  • Identity proof (Aadhar card)
  • Permanent address proof (accepted documents)
  • Latest bank statement showing salary credit

Education loans cover all costs related to your education, including tuition fees, cost of living, airfares, cost of books, extra-curricular activities, examination fees, etc.

At CASHe, you can avail an education loan up to a maximum limit of ₹4,00,000.

No, since education loans on CASHe are unsecured in nature, they do not require any security, collateral or guarantee.

While conventional lending agencies rely heavily on your past financial transactions to decide your creditworthiness, at CASHe, we use your Social Loan Quotient (SLQ) to determine if you are eligible for a loan. SLQ is linked to a number of data points including your mobile and social media footprint, education, monthly salary and career experience. However, having a good credit score makes it easier for you to get quick loan approval.

Yes, it is a good idea. This way, you will not be exhausting your savings to pay for your education.

Applying for an unsecured personal loan would be the best option since it is quick, easy and convenient to secure.

Any salaried individual earning at least ₹15,000 per month can get student loans.

You can secure a minimum education loan amount of ₹15,000.

It is an instant education loan so as soon as your documents are uploaded and verified (they are legible and genuine), the loan application will be approved and the borrowed amount will be disbursed to your account.

Yes, you can and it will also help improve your SLQ score.

Types of Personal Loan: