The Best Grad Right Education Loan {Ulimate Guide}

Grad Right Education Loan

Congratulations on your acceptance to Ashoka University. We are a higher education funding startup started by a Young India Fellowship alumnus from the first class. Our mission is to help students pursue their academic dreams without financial burden. With Grad Right Education Loan, we provide affordable funding options to cover tuition, books, and other educational expenses.

Electronic & IT, and have assisted over 3500 students in obtaining appropriate funding at some of the world’s finest universities. Here’s a primer on how to best fund your education.

What is an Education Loan?

An education loan is a money borrowed to pay for your higher education. The loan amount will assist you in covering tuition and living expenses.

Why are school loans necessary?

A good education has considerable long-term benefits. Every year, only a few fortunate and hardworking students who meet the admission requirements are admitted to elite colleges. Grad Right Education Loan is one such option provided by many banks and other lenders in India to assist these selected students in meeting the financial criteria of a great admission on time. With competitive interest rates, flexible repayment terms, and the ability to borrow up to the full cost of attendance, the Grad Right Education Loan is a reliable option for students who want to pursue higher education without financial burden.

  • Students typically rely on personal savings, scholarships, and financial aid from their parents to fund their education. However, this is sometimes insufficient to cover the full cost of education and living expenses. Instead of depleting your family finances, education loans provide you with the funds you need on schedule.
  • The majority of college loans provide tax breaks for you/your parents.
  • An increasing proportion of students prefer to take out college loans rather than use family funds.

As a result, approximately 70% – 80% of students who join top Indian colleges rely on a good education loan to pay for their studies.

What types of education loans are there?

Glad you inquired, college loans can be either of the following:

Secured or Collateral Loans:

  1. You give a guarantee to the lender in the form of a fixed deposit, a flat, or a plot of land.
  2. The processing time ranges from 10 to 30 days due to collateral verification.
  3.  Interest rates are currently between 8% and 10%.

Unsecured or Non-Collateral Loans:

  • You supply no security, and the lender will make a loan based on your academic record and the financial profile of your co-signer.
  • The processing time ranges from 1-4 business days, depending on the lender.
  • Interest rates range from 6.75% to 12%.
  • Non-collateral loans of INR 4,00,000 to INR 42,00,000 are available for Indian students studying at Indian colleges, based on your overall profile.

How to find your best Education loan?

Here are six simple steps to take:

Grad Right Education Loan
Grad Right Education Loan

1. Do your research well:

Investigate over 30 banks and lenders before making a final decision on an education loan. Many students may stop with only three or four possibilities and begin applying to each of them. However, it’s important to finish your research before submitting paperwork to any lender. Grad Right Education Loan is a reliable option to consider when researching lenders. With competitive interest rates, flexible repayment terms, and the ability to borrow up to the full cost of attendance, the Grad Right Education Loan is a popular choice among students who want to pursue higher education without financial burden.

2. Pitch well to the lenders:

Highlight the favorable aspects of your profile, such as your test scores, admission, and program, among others. Your profile is valued differently by each bank.

3. Strength in numbers:

Collaboration with students from the same college can increase your leverage. Banks prefer it when you speak to them in bunches. GradRight makes it possible.

4. Uncover the hidden charges:

Learn more about loan processing fees, insurance, and how they affect your total charges.

5. Negotiate well:

Work with your bank to find the best deal for your situation.

6. Check your documents well

Before beginning an education loan application, you should have your previous academic documents, collateral documents (if you choose a collateral loan), and co-signer income evidence ready.


Skip the queue for free on our student loan bidding platform, saving you time, money, and the inconvenience of going through time-consuming loan research, negotiating, and application procedure. We complete everything in 48 hours. There is no fee for obtaining cash from our lender partners.


How To Apply For Grad Right Education Loan

Grad Right Education Loan
Grad Right Education Loan

1. Get started

Register your interest and inform us about your educational goals. We’ll assist you in getting everything in order so that applying for money is a breeze.

2. Apply for a loan

You will receive a customized quotation in exchange for some extra information about your goals. If you are still undecided about where to study, you can apply to each institution and compare offers.

3. Upload your documents

Accept the best quote for you and upload a few documents. We will complete our risk assessment, and you will be added to our waitlist until we confirm available financing.

4. Finalize your loan

We’ll match your application to the funds we’ve raised from our investor community. If you are matched, we will contact you so that you may commit to your loan and obtain an official letter to use when applying for your visa.

5. Sign on the dotted line

When you get to school, sign your loan, and your money will be on its way! We deliver funds directly to your school, eliminating the need for you to make complicated foreign transfers.

6. Study first, pay later

Take in campus life and share your experiences with the next round of overseas graduates. If you study full-time, payments do not begin until 6 months after classes conclude, allowing you to focus on completing your degree and landing that dream job.


Grad Right Education Loan is an internet portal that compares all student loan providers in one spot. Based on the results, one may choose which lender can provide the best student loan interest rates. Grad Right Education Loan is a popular option for students who want to finance their education without financial burden. Similarly, banks compete to deliver their finest offers. In addition, lenders bid on to finance your debt, resulting in better offers and terms. With Grad Right Education Loan, students can explore a variety of options to find the most affordable and flexible financing solution for their higher education.

The Grad Right Education Loan Scholarship

The GradRight Scholarship is designed for students pursuing a postgraduate degree. Students who pay for their education through and plan to pursue post-graduate degrees are eligible for the scholarship.

Grad Right Education Loan
Grad Right Education Loan

The selection of candidates for the scholarship will be solely based on an appraisal of the candidate’s financial judgment and requirements. To be selected for the scholarship, the candidate must demonstrate that he or she is the most financially prudent of the candidates.

Students doing post-graduate studies in India or abroad are eligible to apply for the fellowship. Students with the best student loans will be considered for the scholarship. The selection committee of GradRight Educational Foundation will make the final choice.

How to Apply for “The GradRight Scholarship”?

Only students who have submitted their profiles for loan bidding at will be eligible. The finest student loan criterion will be used in the review.

Important Dates: has not yet announced such a deadline. However, applying as soon as possible is the best way to ensure your place on the list of selected candidates for the scholarship.

For every 100 qualified students, selected candidates for the scholarship will be notified on a rolling basis. Within 45 days, they will receive the information through email.

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