Education Loan

Tata Capital Education Loan Disbursement Process

Tata Capital Education Loan Disbursement Process

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Taken Tata Capital Education Loan? Learn how you can take disbursement of approved loan amount via our guide on the Tata Capital Education Loan Disbursement Process.

GyanDhan
Rohit Gidwani
Updated on:  10 Sep 2024 | 138 | 10  min read

You can get an unsecured education loan up to ₹75 Lakh from Tata Capital. They can also provide you with pre-visa disbursement in some cases which makes Tata Capital a top choice among the students to pursue higher education abroad. You may be able to secure a good enough loan amount but it is of new use if you are not aware of the Tata Capital education loan disbursement process. This lack of information can lead to delayed fee payment and a few problems. To ensure that you do not face any challenges during your Tata Capital education loan disbursement process we have compiled all the required information in this blog. 

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Tata Capital Education Loan Overview

Before we get to the Tata Capital education loan disbursement process, let’s have a quick look at the Tata Capital education loan and its features - 

Feature Description

Loan Amount

Up to ₹75 Lakhs unsecured

Interest Rate*

11.50% - 12.75%

Moratorium 

Course + 1 year

Processing Fee

1% + GST

Loan Tenure

Up to 13 years

Eligible Courses 

STEM & Management

Repayment During Moratorium

PSI / SI / EMI

Minimum Co-Applicant Income

₹25,000 and above

Insurance

Up to 2% of the Loan amount

*Tata Capital interest rate as of September 2024.

 

Check loan eligibility for study abroad

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Tata Capital Education Loan Disbursement Process

The Tata Capital Education Loan Disbursement is as easy as getting your education loan. This process becomes easier when you apply for a Tata Capital education loan via GyanDhan. Below is a process of Tata Capital education loan disbursement -

 

The process begins with Tata Capital sending you the final loan agreement once your entire loan application process is completed. In this agreement, you will find the Disbursal Request Form (DRF).

 

The DRF will ask for basic details and documents, including:

  • list items Admission proof
  • list items KYC-related documents
  • list items Accommodation-related documents
  • list items Any additional documents as required

 

After submitting the DRF along with the necessary documents, Tata Capital will verify them. Once verified, your loan amount will be available for disbursement. There are two disbursement scenarios:

 

  • list items Pre-visa disbursement:
  • list items
    If you require a pre-visa disbursement, Tata Capital will open an HSBC account for you.
  • list items
    The loan amount will be disbursed into this account, allowing you to present proof of funds to obtain your visa.

 

  • list items Post-visa disbursement:
  • list items
    If you already have a visa, the loan amount will be disbursed into the co-applicant’s account, which can be used to pay your tuition fees.
  • list items
    For living expenses, Tata Capital can also open an HSBC account for temporary use and may provide you with a FOREX card to cover initial expenses until you set up a foreign bank account.

 

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Common Problems During Education Loan Disbursement

During the education loan process, students may encounter several common problems that can cause delays in disbursement. Some of these issues include:

  • list items Loan amount discrepancies: The final disbursed loan amount may vary from the initially approved amount due to adjustments by Tata Capital or changes in the student's eligibility.
  • list items Loan servicing and communication: Students may encounter difficulties in reaching Tata Capital or the loan servicing team for queries, changes in repayment terms, or other concerns.

 

To minimize or avoid these challenges, it is important for students to stay proactive, well-informed, and organized throughout the loan application and disbursement process. However, the disbursement process with Tata Capital is generally straightforward and free from these concerns.

 

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Benefits of Tata Capital Education Loan

Below are a few benefits that you will enjoy when you take an education loan from Tata Capital

Benefit Description

No Collateral & High Loan Amount

Tata Capital offers loans up to ₹75 lakh without collateral, making it easier for students without assets to access funds for studying abroad or higher education.

Quick Process

The loan process is completed within 5-7 days after successful document submission, ensuring timely access to funds for tuition and other expenses.

Competitive Interest Rate

With interest rates starting at 11.50%, Tata Capital provides affordable loan options, helping reduce the overall financial strain on students and their families.

 

Disbursement is the final and most critical step in the education loan process. Given its importance, it demands careful attention and proper guidance to avoid any last-minute issues. Our education loan experts recommend that students make well-informed decisions. To ensure a smooth disbursement experience and make the most of available options, connect with GyanDhan for expert support in securing the best education loan tailored to your needs. We specialize in offering a wide range of loan options, professional financial advice, and end-to-end services for obtaining education loans for studying abroad, all at no cost. Start your journey by checking your eligibility today!

 

Also Read:

 

EMI calculator

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Frequently Asked Questions

How is the loan disbursement done with Tata Capital?
 

Tata Capital disburses the education loan either directly to the educational institution or into the applicant's/co-applicant's account, depending on the loan terms and the stage of disbursement (e.g., pre-visa or post-visa disbursement). The funds can cover tuition fees, accommodation, and other expenses related to your education, ensuring timely payments for your needs.

What documents are required for disbursement?
 

To complete the loan disbursement process, you will need to submit several documents, including the Disbursement Request Form (DRF), proof of admission, KYC documents, accommodation details (if applicable), and other documents as requested by Tata Capital. The submitted documents will be verified before releasing the funds.

What is the typical timeline for loan disbursement with Tata Capital?
 

After the required documents are submitted and verified, Tata Capital typically processes the disbursement within 5-7 days. This quick turnaround ensures that you can access the funds in time for tuition payments and other educational expenses.

Check Your Education Loan Eligibility


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