Overseas Education Loan

Unsecured loan upto 75 Lakhs

Attractive tax benefits

Online & Doorstep Services

No Margin Money

Quick Loan Sanction

No Hidden charges


International Educational Loans Made Simple!

Unimoni offers education loans in association with various financial institutions for students pursuing higher education abroad. Educational loans offer competitive interest rates, flexible repayment options, and easy processing. Unimoni provides many value-added services to its international students, such as visa processing and foreign exchange assistance.

If you are planning to study abroad, Unimoni is an excellent option for an education loan!

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A customized education loan will offer you:

  • Ease of application: online & doorstep service
  • Competitive rate of interest
  • Attractive tax benefits
  • Up to 100% finance covering tuition fees & living costs
  • Unsecured loans up to INR 75 lakhs
  • Easy EMIs with repayment tenure of up to 15 years
  • No margin money
  • Loan sanction even before admission confirmation
  • Co-borrower flexibility

Affordability and coverage for all expenses

Education loans can help you cover the high cost of studying abroad, including tuition, living expenses, and travel costs. It allows you to attend your dream school, even without financial resources. It will help you avoid taking out multiple loans or relying on other funding sources.

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Avoid TCS for Educational Loans

If you're paying for overseas education through an education loan, a Tax Collected at Source (TCS) of 0.5% will be applicable if the amount exceeds Rs. 7 lakhs. On the other hand, if the remittance is made directly through the Liberalised Remittance Scheme (LRS) and not funded by an education loan, then a TCS of 5% will be applicable if the amount exceeds Rs. 7 lakhs in a financial year. It's essential to be aware of these regulations to avoid unnecessary penalties or fees.

Claim Income Tax Exception for your Education Loan

You can claim income tax exemption for the interest paid on your study abroad education loan under Section 80E of the Income Tax Act, 1961. The tax deduction for loan interest is available for a maximum of 8 years, starting when the borrower begins repaying the interest on the loan. The maximum deduction allowed is Rs. 1.5 lakh per fiscal year.

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GIC payment service - remitforex

Eligibility for Unimoni Education Loan

  • To be eligible, the applicant must hold Indian citizenship.
  • The borrower must be at least 18 years old and not more than 35 at the time of loan application.
  • The borrower must be admitted to a recognized educational institution abroad.
  • You may require borrowers to provide collateral, such as a property or a bank deposit, to secure the loan if your loan amount exceeds 4 lakh.