Top NBFCs for education loans in India in 2026 include Bajaj Finserv, Poonawalla Fincorp, Tata Capital, Credila, and Avanse Financial Services. These lenders have emerged as popular choices for students planning to study abroad, offering faster approvals, higher unsecured loan limits, and comprehensive coverage of study-related expenses, making them attractive alternatives to public sector banks.
Best NBFCs in India for Education Loans (2026)
- Credila
- Poonawalla Fincorp
- Tata Capital
- Avanse Financial Services
- InCred Finance
Here’s a breakdown of the top NBFCs offering education loans in India right now and what makes each one worth considering.
- Credila
Credila is one of the top education loan providers in India, offering tailored solutions for students pursuing higher studies both in India and abroad. It provides unsecured loans up to ₹75 lakh and secured loans with no upper limit, covering 100% of tuition, living, travel, and study-related expenses.
The application process is fully digital and simple, with competitive floating interest rates starting at 9.85% p.a., no prepayment or foreclosure charges, and repayment tenure up to 15 years, including a moratorium. Credila also offers pre-admission loan assessments, flexible co-applicant options, and pan-India branch support, ensuring students can secure funding efficiently and focus on their studies without financial stress.
- Poonawalla Fincorp
Poonawalla Fincorp is considered the best NBFC for education loans in India, offering high-value loans with up to ₹1.50 crore unsecured and ₹3 crore secured. The application process is fully digital, and loans are processed quickly within 1-7 days. It covers all education-related expenses, including tuition, living costs, travel, study materials, and insurance.
The loan comes with zero prepayment charges on floating-rate loans, flexible repayment up to 15 years, and a moratorium during the course, plus one year. Poonawalla Fincorp supports over 2,000 domestic and international institutes, making it a fast, convenient, and comprehensive solution for students pursuing higher studies.
- Tata Capital
Tata Capital is one of the leading entries on the education loan NBFC list in India, offering students robust financial support for higher studies both domestically and abroad. The lender provides unsecured loans up to ₹85 lakh and secured loans up to ₹2 crore, covering tuition, living, travel, and other study-related expenses.
With a fully online application process, pre-admission loan sanction, flexible repayment up to 13 years, including a moratorium, and support for co-applicants like parents or guardians, Tata Capital ensures a quick, hassle-free, and comprehensive education financing solution. Its loans cater to undergraduate, postgraduate, professional, and vocational courses, making it a dependable choice on any list of education loan NBFCs.
- Avanse Financial Services
Avanse is a trusted name on the education loan NBFC in India list, known for its student-friendly, high-value financing solutions. It offers unsecured loans up to ₹1.25 crore and secured loans without a maximum cap, covering tuition, living expenses, travel, and study-related costs.
The application process is fully online, with loan sanction in as little as three days, no collateral required for most loans, and flexible repayment options that allow interest payments during the course or post-moratorium. Avanse supports students across 2,000+ universities and 27,000+ pre-approved courses worldwide, making it a fast, reliable, and comprehensive choice for higher education funding.
- InCred Finance
InCred Finance is one of the leading education loan providers in India, offering students a seamless way to fund their study abroad ambitions. The lender provides unsecured loans up to ₹1.5 crore, covering 100% of tuition and related expenses, with competitive interest rates starting at 10.50%.
InCred features a fully online application process, instant approval, and a streamlined sign-up and eligibility check, making it quick and convenient for students to secure funding. With flexible coverage and efficient digital processing, InCred delivers a hassle-free, comprehensive solution for higher-education financing.
Quick Comparison Between Top Education Loan NBFCs (2026)
|
NBFC |
Max Unsecured Loan |
Max Secured Loan |
Interest Rate (Starting) |
Processing Time |
Key Highlights |
|
Credila |
₹75 Lakh |
No upper limit |
9.85% p.a. (floating) |
7–15 days |
Covers 100% tuition, living, travel; pre-admission evaluation; pan-India support; no prepayment charges |
|
Poonawalla Fincorp |
₹1.50 Cr |
₹3 Cr |
11.25% p.a. |
1–7 days |
Covers 100% education expenses; zero prepayment charges on floating loans; supports 2,000+ institutes; 15-year repayment |
|
Tata Capital |
₹85 Lakh |
₹2 Cr |
10.99% p.a. |
3–7 days |
Pre-admission sanction; flexible repayment up to 13 years; co-applicant options; for UG, PG, professional, vocational courses |
|
Avanse Financial Services |
₹1.25 Cr |
No maximum |
10.25% p.a. |
3 days |
No collateral for most loans; 2,000+ universities, 27,000+ pre-approved courses; flexible repayment, including during moratorium |
|
InCred Finance |
₹1.5 Cr |
Not specified |
10.50% p.a. |
Instant |
Covers 100% tuition and expenses; instant approval; streamlined sign-up and eligibility check; fast and convenient |
To Conclude
Students looking to finance higher education can rely on the top education loan providers in India, such as Credila, Poonawalla Fincorp, Tata Capital, Avanse Financial Services, and InCred Finance. These NBFCs offer competitive interest rates, high loan amounts, flexible repayment options, and fully digital application processes, ensuring a fast, convenient, and comprehensive solution for pursuing studies in India or abroad.
Frequently Asked Questions
- Which NBFC is best for education loans in India?
Top options include Poonawalla Fincorp, Credila, Tata Capital, Avanse, and InCred Finance. Each offers high loan amounts, flexible repayment, and digital applications. Your choice depends on loan size, repayment tenure, and features like pre-admission sanction or moratorium.
- Is it safe to take an education loan from NBFC?
Yes, taking a loan from registered NBFCs such as Tata Capital, Poonawalla Fincorp, or Avanse is safe. They are regulated by the RBI and follow strict lending norms. Always review interest rates, repayment terms, and co-applicant requirements before applying.
- What are the education loan interest rates offered by NBFCs in India?
Top NBFC lenders offer competitive education loan interest rates. Credila starts at 9.85%, Tata Capital, Avanse, and InCred Finance offer rates between 10.25% and 10.99%, and Poonawalla Fincorp begins around 11.25%. These rates reflect the offerings of India’s leading NBFCs without ranking any lender above the others.
- Which NBFCs can help finance education at top international colleges?
NBFCs like Poonawalla Fincorp, Tata Capital, and Credila offer education loans for top international colleges, covering tuition, living expenses, and travel, with high loan amounts, flexible repayment, and digital applications to simplify funding for international studies.
