Yes Bank Education Loan
Private BankA private sector bank offering education loans for study in India and abroad, with doorstep documentation support and both secured and unsecured loan options.
Why Choose Yes Bank Education Loan?
Competitive Interest Rates
Rates starting from 11.25% p.a., with concessional pricing available for female students.
Secured & Unsecured Options
Unsecured loans available up to ₹50 Lakh for Category A universities and ₹40 Lakh for Category B, with secured loans going up to ₹1.5 Crore.
Flexible Moratorium
Moratorium can extend up to 12 months after course completion, deferring principal repayment while interest continues to accrue.
Doorstep Documentation
Doorstep service for paperwork and processing, along with a streamlined, mostly online application process.
Flexible Repayment Plans
Options like interest-only payments during the course and step-up repayment that increases EMIs as income grows.
Expenses Covered
Yes Bank Loan Highlights
- High-value financing for studies in India & abroad
- Up to 100% funding (no margin) for select top domestic institutes
- No prepayment penalty
- Repayment tenure of up to 15 years
- Unsecured borrowing available up to ₹50 Lakh for eligible institutions
- Tax benefits on interest paid under Section 80E
- Concessional rates for female students
- Doorstep documentation and mostly online application
Eligibility Criteria
Indian Citizenship
Applicant must be an Indian citizen with confirmed admission to a recognized institution.
Recognized Institution
Admission must be to a course recognized by the relevant regulatory or educational authority, in India or abroad.
Co-applicant Required
A parent or guardian with a stable income is usually required to join as a co-applicant.
Collateral Above Certain Amounts
Unsecured loans are capped by university category (up to ₹50 Lakh for Category A, ₹40 Lakh for Category B); higher amounts generally require secured collateral.
Documents Required
Standard checklist for education loan applications — confirm the exact current list with your Yes Bank branch before applying.
Student Documents
- Passport
- Admission Letter
- Academic Marksheets
- PAN Card
- Aadhaar Card
- Photographs
Co-applicant Documents
- PAN Card
- Aadhaar Card
- Salary Slips / ITR
- Bank Statements (6 months)
- Employment Proof
- Address Proof
Collateral Documents (if applicable)
- Property Papers (Registry)
- Latest Tax Receipt
- Property Map
- Chain Documents
- NOC (If Applicable)
- Valuation Report
How Yes Bank Education Loan Works
Check Eligibility
Apply & Upload Documents
Application Login
Credit Evaluation
Sanction Letter
Visa Approval
Disbursement of Loan
University Coverage
Yes Bank education loans are available for admission to recognized universities and institutions both in India and abroad, subject to the university/course being on Yes Bank's approved list at the time of application. Unsecured loan limits vary by university category — Category A institutions qualify for higher unsecured amounts than Category B. Coverage for specific universities and countries can vary — confirm with your branch or our counsellors before applying.
EMI Calculator
Estimate your monthly EMI for a Yes Bank education loan based on amount, tenure, and interest rate.
Open EMI CalculatorFrequently Asked Questions
Still not sure if Yes Bank Education Loan is right for you?
Compare with other banks and choose the best loan for your study abroad journey.
