MUMBAI: Tata Capital, the flagship financial services company of the Tata Group, has entered the Education Loans space. The company’s loans are available for higher education in India, the USA, Canada, the UK, Australia, New Zealand, Germany, Singapore, and Dubai (UAE).
The loans target those pursuing Undergraduate, Postgraduate, and Masters programs in Science, technology, engineering & mathematics, Management, and Vocational courses. The company will provide collateral-free loans up to Rs 75 lakhs, secured loans up to Rs 200 lakhs, or the total cost of education.
Prospective borrowers can get pre-admission sanction letters to facilitate the application process. The company said it would offer students competitive interest rates and flexible repayment options during their study period.
Tata Capital said it will provide 100% loans with flexible repayment options. Parents can apply for the loans through the company website or from any Tata Capital Branch. Tata Capital currently offers loans to retail, corporate, and institutional customers.
“Trust and transparency have always been the strongest pillars of our business. The comprehensive range of Education Loans goes beyond conventional financial support, covering tuition fees to travel and medical. With a student-first approach, we aim to break down socio-economic barriers to higher education, ensuring that every student gets the opportunity to fulfil their academic aspirations,” said Vivek Chopra, Chief Operating Officer- Retail Finance at Tata Capital.
