Tata Capital’s Foray into Higher Education Loan Market

Tata Capital, the flagship financial services company of the Tata Group, has launched a new product in the education loan segment. The company aims to provide financial support to students who want to pursue higher education in India or abroad.

The company offers collateral-free loans up to Rs 75 lakhs and secured loans up to Rs 200 lakhs or the total cost of education, including tuition fees and living expenses. The loans are available for undergraduate, postgraduate, and masters programs in science, technology, engineering, mathematics, management, and vocational courses. The company also provides pre-admission sanction letters to help students with the admission process.

The company claims to offer competitive interest rates and flexible repayment options for the borrowers. The company also says that it has a student-first approach and aims to break down socio-economic barriers to higher education.

The company’s education loans are available for higher education in India, the USA, Canada, the UK, Australia, New Zealand, Germany, Singapore, and Dubai (UAE). Parents and students can apply for the loans through the company website or from any Tata Capital branch.