Education has always been seen as the gateway to better opportunities in India. But over the last decade, the cost of schooling, college, professional courses, and even overseas education has skyrocketed.
For parents funding their children’s studies, or professionals looking to upskill, this creates a financial challenge.
This is where a personal loan for education steps in as a collateral-free, flexible financing option that helps you manage loan for education expenses smoothly. Let’s explore how.
Unlike traditional education loans that come with restrictions, a personal loan for education offers:
DMI Finance offers one of the best personal loans for education options in India, balancing speed, flexibility, and affordability.
This makes it a strong choice for parents funding their child’s studies or professionals seeking a loan for professional courses in India.
Here are the eligibility criteria for a DMI Finance personal loan:
Click here to know the detailed list.
Here’s the step-by-step application process:
Get approval and receive funds directly into your bank (within 24–72 hours).
A personal loan for higher studies or children’s education can cover multiple expenses:
| Expense Type | How a Personal Loan Helps |
| Tuition Fees | Covers lump-sum or instalment-based payments |
| Coaching & Certifications | One-time payment for professional courses |
| Study Abroad | Covers travel, accommodation, and living expenses |
| Gadgets & Books | Finance laptops, tools, and software easily |
Case Example:
A salaried parent earning ₹40,000/month used a personal loan for school fees and hostel charges for their child’s admission. With flexible EMIs, they managed costs without dipping into long-term savings.
| Feature | Education Loan | Personal Loan for Education |
| Collateral | Often required for higher amounts | No collateral required |
| Processing Time | Weeks | 24–72 hours (with NBFCs like DMI Finance) |
| Usage Restriction | Limited to tuition/course expenses | Covers any education-related costs |
| Borrower Type | Usually for students | Parents, salaried professionals, or students |
| Repayment Start | After course completion (moratorium available) | Starts immediately with flexible EMI options |
If you’re a working professional or parent, an education personal loan offers faster access to funds and greater flexibility. Apply for a loan today.
A personal loan for education is the simplest way to handle rising education costs in India, be it your own upskilling or your child’s schooling and higher studies.
With DMI Finance, you get a trusted NBFC offering fast loans without collateral, tailored for professionals and parents. Apply today with DMI Finance and give yourself or your child the education they deserve without financial stress.
1. Can I use a personal loan for my child’s education?
Yes, parents can take a personal loan for children’s education to cover school, college, or coaching fees.
2. Is it better to take a personal loan or an education loan for studies?
If you need fast funds without collateral and want flexible usage, a personal loan for education is better. For larger amounts abroad, an education loan may be a suitable option.
3. How much personal loan can I get for education from DMI Finance?
You can borrow ₹50,000 to ₹5 lakhs, depending on your profile.
4. What is the minimum credit score required?
A credit score of 700 is needed to apply for a DMI Finance personal loan.
5. Can I get a personal loan for studying abroad in India?
Yes, personal loans can cover study abroad expenses, including tuition, travel, and accommodation.
| Personal Loan of Different Amounts | ||
| ₹50,000 Personal Loan | ₹1 lakh Personal Loan | ₹2 lakh Personal Loan |
| ₹3 lakh Personal Loan | ₹4 lakh Personal Loan | ₹5 lakh Personal Loan |
