Introduction
How Much Education Loan Can I Get? Engineering remains one of the most pursued career paths in India, with students competing fiercely for seats in premier institutes like IITs. While the academic value is clear, the cost of education—tuition, accommodation, and living expenses—can be substantial.
But loan amounts offered by banks vary widely based on the reputation of the college. In this article, we break down how much loan students can get for IITs, NITs, & private engineering colleges in 2025, & what factors influence these limits.
Loan Amounts: A Quick Comparison
| Institute Type | Unsecured Loan Limit | Secured Loan Limit |
| IITs | ₹15 – ₹40 lakh | ₹50 lakh – ₹1 crore+ |
| NITs | ₹10 – ₹25 lakh | ₹30 lakh – ₹75 lakh |
| Private Colleges | ₹4 – ₹10 lakh (if Tier 2/3) | ₹10 lakh – ₹50 lakh (based on collateral) |
Unsecured loans require a strong co-applicant profile, especially for private college students.
Secured loans depend on collateral value and are generally available for higher amounts across all categories.
Why IIT and NIT Students Get Higher Loan Limits
- Brand Reputation: Banks see IIT/NIT graduates as low-risk due to their high employability.
- Placement Records: These institutes consistently attract top companies with high salary packages.
- Government Backing: Many public banks have tie-ups with IITs and NITs, offering special loan schemes.
- Institution-based Offers: Some banks offer custom limits based on the specific college rank and course.
Private Engineering Colleges: Limited, But Not Impossible
While students from lesser-known private colleges may How Much Education Loan Can I Get face lower loan eligibility, here’s how to increase your sanctioned amount:
- Provide collateral (house, land, FD, LIC policy)
- Have a co-applicant with stable income and a strong credit score.
- Choose AICTE/UGC-approved institutions.
- Maintain academic excellence (some NBFCs reward high scorers)
Popular Loan Schemes by Institution Type
| Bank | Scheme | For | Max Limit |
| SBI | Global Ed-Vantage / Scholar Loan | IITs, NITs | ₹40 lakh – ₹1.5 Cr |
| Bank of Baroda | Baroda Gyan | All | Up to ₹80 lakh |
| Canara Bank | Vidya Turant Loan | Top 50 colleges | ₹20 – ₹40 lakh |
| HDFC Credila | Custom Loans | All (based on profile) | ₹10 lakh – ₹1 Cr |
What Is Covered in the Loan?
- Tuition and exam fees
- Hostel/mess expenses
- Books, laptop, lab charges
- Travel (for international students)
- Insurance and miscellaneous academic costs
Conclusion
In 2025, IIT and NIT students will have access to higher education loan amounts—both secured and unsecured—due to the credibility and track record of these institutions. How Much Education Loan Can I Get? While private college students can also secure loans, the amount often depends on the reputation of the college, the student’s academic profile, and the availability of collateral.
To maximize your loan eligibility, plan early, choose your institution wisely, and work on building a strong co-applicant profile.