This Product is designed to help Engineering and MBA students who need finance for tuition fee and other education expenses for the last 1-2 years of their course. Thus, 3rd and 4th year Engineering and final year MBA students can apply.
Max: Rs 2,00,00,000
Min: Rs 50,000
Yes, students pursuing dual degrees can apply for funding for 4th and 5th year.
We are experts in the realm of student loans in India. Our experience allows us to create a reliable product and a hassle-free experience.
Our focus is entirely on students and their financial situation. You are our bread, butter, idly, dosa, poha, etc. and will get our undivided attention.
We offer an entirely student driven product which is independent of both co borrower and collateral.
Apart from tuition fees we offer support for living expenses as well. We offer a complete digital process for faster loan processing.
You can either download the Student App - https://www.kuhoo.com/Kuhoo-Student-App/ Or visit our website - kuhoo.com Or Call us on +91 9405202222 Or WhatsApp on +91 7664817664.
Kuhoo offers a fully digital, quick, convenient and hassle-free loan application process.
You are set to begin your journey
We encourage students and parents to be absolutely transparent in sharing all their information. It not only indicates the good intentions of the borrowers but also helps Kuhoo to get the best product offering based on the requirements.
In order to get a prompt and correct response from Kuhoo, we advise that the student arranges and apply with the proper documentation in the first go. We primarily need the following:
A student needs to fill the following information:
This is the minimum list of documents on the basis of which Kuhoo can make a quick and fair assessment of the student’s loan application:
Non-Financial Co-borrower:
Financial Co-borrower: All of the above +
The loan application will be processed in two phases:
The in-principle sanction letter can be given in about 5 to 7 days from the date of receipt of completed Application Form along with the supporting documents from the customer.
Similarly, the disbursement would be completed within 7 days from the date of receipt of all post sanction documents from & completion of the underlying post sanction process by the customer.
Student Loan depends on multiple factors such as:
For larger ticket- sized loans (above 1 Crore) we also consider:
We normally check:
1. Students past academic track record
2. Quality of institute/college and course the student wish to pursue
3. Student's ability to get an appropriate job after the course that he/she is seeking education loan for
4. The potential salary is also estimated to calculate eligibility of loan amount
5. Additionally, credit histories of the applicant and co-applicants play an important role in approval
6. Lastly, the value and type of property being offered as collateral security for higher value loans also play an important role in decision
We generally require family members as co-borrowers. It again depends on the overall profile and the study course that the student is interested in. We have different product propositions for different study courses.
Kuhoo finances up to 100% of the cost of education involving tuition fees and living expenses.
Normally, students seek student loans for professional courses with relatively higher fees structures. However, the quality, reputation, accreditation by renowned authorities etc. are few of the parameters on which the banks and Financial Institutions decide to extend loan programs
The Institute's reputation does make a difference. For e.g. students getting admission in IIM Ahmedabad, ISB, Hyderabad in India and Harvard, Wharton, Carnegie Mellon, London Business School etc. abroad get special benefits in student loan products from banks and other lenders
Yes. College, university rankings by the fabled and unbiased organisations help students and lenders to take right decisions.
While rankings by unbiased entities do help, we follow more holistic approach of evaluating student's individual abilities, work experience and co-applicants profile
To cater to huge demand from the Indian students, almost every day new colleges/institutes/universities are getting launched and only a focused specialised lender would be able to understand the difference in quality.
We have a robust process to check whether the institutes are recognized/accredited by the appropriate authorities. We also evaluate the quality and employability of courses.
Yes, if the circumstances (like different and better college etc.) are different, it may be a good idea to try again.
We fund Indian students going to study across 33 countries. If the institute/college/university is reputed, we are comfortable in extending loans to Indian students going to different countries to pursue their dreams of quality higher education.
The applicant and co-applicants have to be Indian passport holders. In some cases, we accept additional co-applicants who are NRIs but they must have some one who has Indian passport and valid address.
Yes, it is possible to change the student loan provider in the middle of a running student loan. In fact, Kuhoo’s expert team can help refinance an existing loan to suit your requirement and avail better terms & conditions.
Kuhoo’s Student App has an inbuilt engine where the application automatically gets stopped if the student adds a blacklisted country or course to the application.
A student's PAN Number is a mandatory requirement for loan application. If the student is a minor, they must obtain a minor PAN before applying for the loan.
In order to make the student journey easy and comfortable for students and parents, Kuhoo provides different methods of repayment.
In most cases, the interest repayment, which is a relatively smaller amount per month, starts immediately. Post course completion/ grace period, regular repayment begins in the form of monthly instalments.
The repayment periods are generally driven by our evaluation of the student's potential earning capability and risks we perceive in extending any particular loan.
We understand that students want to start repaying loans immediately after they get a job. However, they may find higher EMI's (due to shorter repayment periods) at the start of their careers, very challenging. Thus we facilitate longer tenure to facilitate smooth transition of student from campus to corporate. This way they can start their earning and professional lives with positive credit histories that help them to take other loans in future.
Interest may be calculated on daily, monthly or yearly reducing principal basis.
Student loans are structured with either complete moratorium during the course or only principal moratorium. Usually, 6 months to 1 year of grace period is also extended after the course for the student to search for a job.
No, extension of repayment period would be treated as Loan Restructure and hence are normally not entertained by the lender. Study period extensions are permitted due to delay in completing the course basis proof.
He/she will have to either close the loan by paying full amount or keep paying monthly installments on time to avoid becoming a defaulter and ruin their own credit history.
Doing so might be beneficial for both students and parents. When the student makes the interest payment on the loan during the study period, there is a likelihood of the repayment being eased out subsequently. This also helps financial discipline in students.
Yes. There is an option available for payment of upfront interest also depending upon the course and underlying demographics of the student.
As per regulatory guidelines, lenders cannot levy any charges for student loans extending on a floating rate basis. Hence, students and parents are allowed to make part payments or foreclosures on the student loans. Fixed rate Student Loans will be levied Part Closure/Foreclosure charges.
Yes, the pricing is typically designed to encourage at least interest repayment during the course period. This helps you to:
The Co-borrower should be an Indian citizen who would agree to co-sign and execute the loan agreement and other documentation. He is able as well as promises to service the interest in the moratorium period consisting of the study period and grace period and in the event of the student's inability to repay the loan would repay the instalments of the loan and/ or provides the collateral security.
Typically it can be student’s Father, Mother, Brother, Sister, Spouse. In exceptional cases, other relatives may also be considered.
Yes. There is an option available for upfront interest also depending upon the course and underlying demographics of the student. Friends can't become a co-borrower because of the risk involved and underlying lending policies in this regard. Only family members can become co-borrowers. Friends can only be guarantors at the most and not the co-applicants.
Yes, he can be a co-borrower/guarantor provided he has an NRE/NRO account and the collateral in India. In either case, an additional co-borrower who lives in India is required.
We are extending and facilitating collateral free student loans of up to 1 Crore and collateralized loans of up to 2 Crore rupees to talented and eligible students and parents.
Student loan is normally taken for financing tuition fees, living expenses (hostel etc.), books and periodicals and sometimes travelling costs.
As per the Model Education Loan guidelines issued by IBA, the banks offer up to Rs. 4 Lakhs and Rs. 7.5 Lakhs without collateral security for studies in India and Abroad respectively. At Kuhoo, we offer up to Rs. 1 Cr without surety for talented and deserving applicants.
Students can get a minimum of 1 lakh and a maximum of 2 Crores loan through Kuhoo.
Because of the margin money concept (where students have to pay anything between 5 to 30% of money from their own sources), sometimes students do have to take both together to finance their tuition fee as well as living expenses. However, Kuhoo with it’s expertise offers options of up to 100% of finance for talented and deserving students.
Yes, every Student Loan borrower or co-borrower (anyone) is entitled to avail tax benefits on interest paid on a student loan, under Sec 80-E of the Income Tax Act.
An individual can avail of tax benefit on interest paid on an education loan for self or a relative, meaning his/her children, spouse or any student for whom the individual is a legal guardian.
Taxpayers can claim the benefit on the ACTUAL INTEREST PAID on the student loan.
There is NO UPPER LIMIT to claim the exemption. One will get the FULL AMOUNT OF INTEREST PAID, as the deduction.
It is available for the Full Time Courses in full-time studies for any graduate or postgraduate course in engineering, medicine, management or for post-graduate courses in applied sciences or pure sciences including mathematics and statistics. From 1st April, 2009 the deduction is allowed for vocational courses also.
Place of education can be in India or outside India.
It is available for 8 years from the date of availing the loan or until the interest is paid in full, whichever is earlier.
The Financial Institution, from where the taxpayer has taken the loan, will provide a certification, stating that the person has paid the specific amount to the financial institution towards the interest of the education loan.
The Collateral should be any one of the following assets:
Moveable Collateral – Fixed Deposit
Immovable Collateral – Flat, House, Bungalow, Land (Non-Agricultural), Shop, etc.
Currently we do not accept mutual fund as collateral for Student Loans.
Collateral is required to mitigate the risk involved in the credit. Since the student hasn't started to earn yet, we are not sure of his future income and profile, hence the collateral.
Depending upon the liquidity situation of the students and parents, it might be useful to provide the required collateral as that enables the students to get better interest rates on student loans.
As explained earlier, we do give weightage to the student's past academic track record, entrance test scores, future school/institute/university's reputation and employability. With changing times, more and more lenders are providing zero collateral loans to meritorious students going to select colleges in India as well as Abroad.
The student will have to get it transferred to the new lender to take a second charge. Our experienced Kuhoo team can help them out here with necessary procedures and documentation.
Risk assessment consists of multiple financial and demographic variables. Every customer has a different profile and needs to be fulfilled accordingly. We try our level best to offer the best possible product to match customer requirements and profile.
Lenders accept property with clean title and appropriate documentation. Each case is to be evaluated based on the merit of the case and property related information.
Kuhoo’s medical education loan covers most recognised healthcare programs in India, including (but not limited to):
Final eligibility depends on the course, institute and Kuhoo’s internal credit policy.
No, it is designed to cover the total cost of medical education, not just tuition. Depending on the sanction, the loan can include:
The detailed cost components are listed in your sanction letter.
Yes. Within the overall sanctioned amount and as per Kuhoo’s policy, you can use part of the loan for:
You may be asked to provide basic proof of such expenses if required.
Yes. Kuhoo provides loans for government, government-aided and recognised private medical colleges that fall within our approved list. Students from reputed institutes may be eligible for better terms based on overall profile.
The loan is available for a wide range of healthcare programmes: MBBS, BDS, nursing, pharmacy, physiotherapy, paramedical and other allied health sciences, provided the course and institute are recognised and meet Kuhoo’s policy norms.
Kuhoo’s law education loan covers most recognised law programs in India, typically including:
Final eligibility depends on your course, university and Kuhoo’s internal credit policy.
No, it goes beyond tuition. Subject to your sanction, the loan can cover:
The detailed break-up is captured in your sanction letter.
Kuhoo provides loans for NLUs, Central/State universities and recognised private law colleges, as long as they fall within our approved list and meet policy norms. Students from reputed law schools may be eligible for better terms based on overall profile.
Yes. Our product is designed for both:
We also support eligible LLM and specialised law programmes, subject to policy.
Within the overall sanctioned amount and as per Kuhoo’s policy, you may use part of the loan for:
Wherever required, you may be asked to provide basic supporting documents.
Yes. Kuhoo offers specialised education loans for commercial pilot training and type rating programmes with eligible flying schools and training organisations. This includes CPL training, multi-engine ratings, instrument ratings and approved type rating courses on popular aircraft, subject to Kuhoo’s credit and course policies.
Kuhoo can fund a wide range of recognised aviation programmes, such as:
Final eligibility depends on the course, training organisation and internal credit norms.
The pilot education loan is designed to cover the end-to-end cost of training, not just tuition. Based on your sanction, it can include:
All approved components are mentioned clearly in your sanction letter.
Yes, Kuhoo may consider loans for overseas pilot training programmes with eligible flying schools and training partners, subject to:
Details of overseas coverage and conditions are assessed on a case-by-case basis as per policy.
Both are possible. Kuhoo supports:
The course type, your flying background and co-borrower profile will decide the final offer.
Kuhoo’s MBA education loan covers most recognised management programs in India, including:
Final eligibility depends on your course, institute and Kuhoo’s internal credit policy.
No, it’s designed to cover the complete cost of your MBA, not just tuition. Depending on the sanction, it can include:
The approved components are clearly listed in your sanction letter.
Yes, Kuhoo can fund selected part-time, executive and weekend MBA / PGDM programmes offered by recognised institutes, especially where there is clear career progression and income visibility. Approval is based on the institute, programme structure and your employment profile.
Yes. Kuhoo supports students studying at:
Students from highly reputed institutes may be eligible for better terms, but we consider applications across a wide range of approved colleges.
Yes. As long as the programme is a recognised MBA/PGDM or equivalent management degree from an eligible institute, specialised and niche programmes (Analytics, BFSI, FinTech, Operations, HR, etc.) can also be funded, subject to policy.
Kuhoo supports most recognised engineering programs offered by UGC/AICTE-approved universities and institutes in India. This typically includes:
Final approval depends on your institute, course structure and Kuhoo’s internal credit policy.
Our engineering education loan is designed to cover the total cost of education, not just tuition. Depending on your sanction, the loan can cover:
The detailed break-up is mentioned in your sanction letter.
Yes. Within the overall sanctioned amount and as per Kuhoo’s policy, you can use part of the loan for education-related expenses such as:
These expenses must be aligned to your course and may require basic proof if requested.
Yes, students joining through lateral entry / direct second-year admission are also eligible, provided:
Your eligibility is assessed on the basis of your current and prior academics plus co-borrower profile.
Yes. Kuhoo offers loans for government, government-aided and private engineering colleges that are recognised and fall within our approved list. In many cases, students from reputed government and top private institutes may enjoy better terms based on risk assessment.
Register & Corporate Office:
7th Floor Innov8 House,
Zion Biz World,
Gufic Building, A, Subhash Road, Navpada,
Vile Parle, East, Mumbai,
Maharashtra 400057
