School Fee Financing

Every parent aims to offer the best possible education for their child. With the constantly growing competitive world, even schools are striving to provide quality education. But, it comes with a price, and it reflects in the school fees. Getting a loan to pay school fees becomes a viable choice to ensure that it doesn’t become a burden on family’s financial plans.Read More

IDFC FIRST Bank brings their innovative school fee financing solution that enables you to pay school fees without compromising your child’s education. Applying for loan for school education at IDFC FIRST Bank is a quick and hassle-free process which allows parents to repay in Easy EMI’s at minimal interest rates. It also benefits schools by paying them upfront at the beginning of academic year.Read Less

ELIGIBILITY

• An Indian National
• Student should have secured admission in a recognized education institute
• The loan for skill education will be sanctioned to a working professional or student’s parents or legal guardian

• Applicants photo ID
• Applicant’s residence proof
• Admission documents
• Fees structure document
• Income documents
• Bank statements

FREQUENTLY ASKED QUESTIONS

What is a K12 loan and to whom is this applicable?

K12 loan is our school fee-financing product. Under this, we offer parents and guardians of students studying in our partner/ non-partner institutes the option to convert lump sum school fees into manageable, monthly instalments. By providing a flexible fee payment option, we aim to enable them to access and afford quality education more conveniently.

Who can be the applicant in K12 loan/ school fee financing?

A parent/ guardian of a student can act as an applicant for K12 loan/ school fee financing.

What is the minimum and maximum tenure for repayment?

The minimum tenure is 3 months and maximum tenure of repayment is 12 months for this education loan for school fees.

What is the minimum and maximum school fees loan amount that can be availed?

The loan amount will be in line with school fee. We fund school fees up to Rs. 9 Lacs per annum*. The minimum school fee to avail the school loan is Rs. 50,000*.

To whom will the fees be disbursed?

The fee will be directly disbursed to the institute's account.

Can I avail a K12 loan to pay school fees for more than one child?

Yes, you can avail IDFC FIRST Bank’s school fee financing loan for more than one child.

Can I apply for school fee financing loan in between the academic year?

IDFC FIRST Bank’s loan for school education is flexible and customizable, which allows you to apply in between the academic year subject to minimum loan amount being Rs. 50,000.

What is Education Loan for Upskilling and to whom is this applicable?

Education Loan for Upskilling is our skill fee-financing product. Under this, we offer parents and guardians of students and working professions studying in our partner/ non-partner institutes the option to convert their lump sum fees into manageable, monthly instalments. By providing a flexible fee payment option, we aim to enable them to access and afford quality education more conveniently.

Who can be the applicant in fee finance for Upskilling?

A working professional, parent/ guardian of a student can act as an applicant for fee financing or a skill loan.

What is the minimum and maximum tenure for repayment?

The minimum tenure is 3 months and maximum tenure of repayment is 60 months*.

What is the minimum and maximum loan amount that can be availed?

The loan amount will be in line with the institute’s fee. We fund fees up to Rs. 9 Lacs*. The minimum school fee to avail the skill loan scheme is Rs. 50,000*.

To whom will the fees be disbursed?

The fee will be directly disbursed to the institute's account.