IDFC FIRST Bank — Education Loan (India)

Overview 

IDFC FIRST Bank markets education loans with emphasis on flexible underwriting (including lending backed by future income potential), competitive unsecured caps, and a customer-friendly digital application. They promote collateral-free loans up to substantial limits for domestic courses and combine digital tools (EMI calculators, pre-admission sanction) to speed decisions.

Who it’s best for

Students who want a modern digital lender with flexible underwriting (and possibly higher unsecured caps) and families who prefer a consumer-centric process.

Key features (India-focused)

• Loan caps: IDFC FIRST promotes education loans up to ₹1 crore for domestic study; collateral-free financing up to defined thresholds (e.g., ₹50–75 lakh depending on scheme). 

• Tenure: Up to 15 years; moratorium aligned with course duration + grace. 

• Coverage: Tuition, living, travel (within India), equipment, and related academic costs.

Interest rates & pricing

IDFC FIRST publishes competitive spreads for salaried and self-employed co-applicants; pricing can be attractive versus older PSU offerings for customers with good credit profiles. Always confirm live rate card.

Eligibility & documents