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Education Loans and Easy EMI for Students

Eduvy's education finance service connects a student with a confirmed seat to zero-collateral education loans from partner NBFCs and to Easy EMI plans that split one heavy annual college fee into monthly instalments. Colleges collect a year at a time; families earn a month at a time. Easy EMI closes that gap by spreading the annual fee across the year with auto-debit, and an education loan closes a larger one by financing the course against a confirmed admission rather than against property.

Both are applied for in the Eduvy app once your seat is confirmed, and tracked there from verification through sanction to disbursement, which goes to the college. The in-app calculator shows the monthly instalment for an amount, rate and tenure before you commit to anything.

How it works

  1. Confirm your seat — A loan is sanctioned against a real admission and a fee structure, so the offer letter comes first.
  2. Model the instalment — Use the in-app calculator — loan amount, interest rate, tenure — to see the monthly EMI and total interest before applying.
  3. Apply in the app — One form with your details, course, college and co-applicant where the lender asks for one.
  4. Verification — Documents are checked by the lending partner; you track the status in the app rather than by phone.
  5. Sanction and disbursement — On sanction the fee is paid to the college, and your repayment schedule starts on the lender's terms.

What lenders usually ask for

Requirements differ by lender and by loan size; this is the set most partner NBFCs start from. Rates, charges and moratorium terms are set by the lender, not by Eduvy.

  • Proof of admission: the offer or admission letter and the college's fee structure.
  • KYC for the student and, where required, a co-applicant — usually a parent or guardian.
  • Academic records for the qualifying examination.
  • Income documents for the co-applicant.
  • Bank details for disbursement and for the repayment mandate.

Education Loans and Easy EMI for Students: common questions

Do I need collateral for an Eduvy education loan?

The partner NBFC loans offered through Eduvy are zero-collateral — sanctioned against a confirmed admission rather than against pledged property. Each lender still runs its own eligibility and documentation check.

What is the difference between Easy EMI and an education loan?

Easy EMI splits the annual college fee into monthly instalments with auto-debit — an instalment plan for a fee you can meet over the year. An education loan finances the course through a lender at an interest rate, usually with a longer tenure.

What interest rate will I get?

Eduvy does not set rates. Partner NBFCs quote their own rate, processing charges and moratorium terms based on the course, the amount and the co-applicant. Use the in-app calculator with the rate you are quoted to see the real instalment.

When can I apply?

Once your admission is confirmed through the app. The application, verification and disbursement are all tracked in the app, and the money is disbursed to the college.

Other Eduvy student services

Everything above happens in the Eduvy mobile app — Google Play or the App Store. Compare colleges first on the Bangalore college catalog.