How much education loan can I get against property?

The amount of education loan you can get against a property is directly linked to the property's market value. Financial institutions typically offer 75-85% of the property's value as an education loan, subject to a maximum cap.

For instance, if your property is valued at ₹50 lakhs, you can avail an education loan of ₹37.50- ₹42.50 lakhs. The higher the property value, the more loan amount you are eligible for. Other factors like your credit score, income prospects, existing loans, and the financial institution's reputation also play a role, but the property value is the primary criteria. Use an online education loan EMI calculator to know the interest payable and the EMI.

Do compare interest rates and processing fees across financial institutions to get the best loan terms. Overall, optimise the property value to maximise your eligible loan amount when applying for an education loan against property.