The CGFSEL Education Loan
The CGFSEL Education Loan
The CGFSEL (Credit Guarantee Fund Scheme for Education Loans) facilitated by the National Credit Guarantee Trustee Company Ltd. (NCGTC) aims to make higher education more accessible. Under the Department of Financial Services, Ministry of Finance, Government of India, this initiative provides educational loans to students aspiring to pursue their studies either in India or abroad. Notably, the scheme stands out for its commitment to inclusivity, allowing students to secure loans without the need for collateral or third-party guarantees. Furthermore, the interest rate is capped at a maximum of 2% over the base rate, ensuring that students can pursue their educational goals without being burdened by exorbitant interest charges.
Documents Required
Eligibility Criteria
Goa Interest Free Education Loan
Goa Education Development Corporation (GEDC)
Education Loan
28 February
All
Student Credit Card Free Loan Scheme
The Department Of Higher Education, Govt. Of West Bengal
₹ 10,00,000
31 December
All
Paras Education Services Education Loan
Paras Education Services
Education Loan
31 December
Engineering
Medical
Professional courses
Jain Jagruti Charitable Trust Education Loan
Jain Jagruti Charitable Trust
Education Loan
31 December
Engineering
Medical
Bachelors
Masters
Professional courses
Zalawadi Sabha Charitable Foundation Education Loan
Zalawadi Sabha Charitable Foundation
Education Loan
31 December
Engineering
Masters
PHD
Professional courses
Edu Trust Education Loan
Edu Trust
₹ 7,50,000
31 December
Engineering
Medical
Bachelors
Masters
Professional courses
Bunts Sangha Interest Free Loan 2024
Bunts’ Sangha Bangalore
₹ 30,000
31 March
Class 10
Class 11
Class 12
Diploma
Engineering
Bachelors
Rotary Club Of Mulund Interest Free Loan 2024
The Rotary Club Of Mulund
Financial Assistance
25 August
ITI
Diploma
Engineering
Medical
Bachelors
Masters
KMDC Foreign University Higher Education Loan 2024
Karnataka Minorities Development Corporation Limited
Education Loan
31 August
Engineering
Masters
PHD
Post Doctoral
Goa Interest Free Education Loan
Goa Education Development Corporation (GEDC)
Education Loan
28 February
All
Student Credit Card Free Loan Scheme
The Department Of Higher Education, Govt. Of West Bengal
₹ 10,00,000
31 December
All
Paras Education Services Education Loan
Paras Education Services
Education Loan
31 December
Engineering
Medical
Professional courses
Jain Jagruti Charitable Trust Education Loan
Jain Jagruti Charitable Trust
Education Loan
31 December
Engineering
Medical
Bachelors
Masters
Professional courses
Zalawadi Sabha Charitable Foundation Education Loan
Zalawadi Sabha Charitable Foundation
Education Loan
31 December
Engineering
Masters
PHD
Professional courses
Edu Trust Education Loan
Edu Trust
₹ 7,50,000
31 December
Engineering
Medical
Bachelors
Masters
Professional courses
Bunts Sangha Interest Free Loan 2024
Bunts’ Sangha Bangalore
₹ 30,000
31 March
Class 10
Class 11
Class 12
Diploma
Engineering
Bachelors
Rotary Club Of Mulund Interest Free Loan 2024
The Rotary Club Of Mulund
Financial Assistance
25 August
ITI
Diploma
Engineering
Medical
Bachelors
Masters
KMDC Foreign University Higher Education Loan 2024
Karnataka Minorities Development Corporation Limited
Education Loan
31 August
Engineering
Masters
PHD
Post Doctoral
List of Benefits
Other Requirements
Loan Margin for education loans is structured as follows: For education loans up to INR 4 lakh: Nil margin is required. For education loans above INR 4 lakh: Study in India: A margin of 5% is applicable. Study Abroad: A higher margin of 15% is applicable.
How To Apply
Follow the below steps to apply for the program: 1. Visit Our Official Website. 2. Read carefully all the information about the program details. 3. Click on the "Register" to complete the registration with required details. 4. After successful registration, Use the received credentials to log into your account. 5. Once logged in, Click on the "Apply" button. 6. You will be directed to the application form. Fill in all the required details accurately. 7. Prepare the necessary documents as specified in the application requirements. 8. Upload these documents in the designated sections of the application form. 9. Before submitting, review all the information you have provided. 10. After that, Click on the "Submit” button to submit your application. Note: "As a free user," →'You're encouraged to share this valuable information with your friends to access the link properly'.
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The CGFSEL (Credit Guarantee Fund Scheme for Education Loans) facilitated by the National Credit Guarantee Trustee Company Ltd. (NCGTC) aims to make higher education more accessible. Under the Department of Financial Services, Ministry of Finance, Government of India, this initiative provides educational loans to students aspiring to pursue their studies either in India or abroad. Notably, the scheme stands out for its commitment to inclusivity, allowing students to secure loans without the need for collateral or third-party guarantees. Furthermore, the interest rate is capped at a maximum of 2% over the base rate, ensuring that students can pursue their educational goals without being burdened by exorbitant interest charges.