Bengaluru, January 27, 2025: As students gear up for the upcoming academic year, Tata Capital Ltd (TCL), the flagship financial services company of the Tata Group, steps up to address the financial challenges faced by families with its robust education loan offerings.

With the announcement of results for critical competitive exams like Management Entrance Exams (CAT, XAT, SNAP), Standardized Tests for Higher Education Abroad (GRE, SAT, GMAT), and English Language Proficiency Tests (IELTS, TOEFL) students across the country are now charting the course for their academic future. With admission deadlines drawing near, students across the country are navigating the critical phase of college admissions. Understanding the financial requirements of pursuing higher education, Tata Capital offers flexible and customized education loans, ensuring students can focus on their aspirations without financial constraints.

Designed to ease the burden of educational costs, Tata Capital’s education loans offer collateral-free options up to INR 85 lakh and secured loans up to INR 2 crore, for covering the total cost of education. The product caters to both domestic and overseas education requirements covering a wide range of expenses including tuition fees, living costs, study material and miscellaneous costs. Customers are able to get loan even prior to the receipt of admission letters; meeting pre-visa requirements.

According to company statistics, cities like Hyderabad, Visakhapatnam, Bangalore, Chennai, Mumbai, Pune, Delhi, Vadodara, Ahmedabad, Surat, Mysore and Coimbatore have seen a large number of students opting for study abroad education loans. The focus in futuristic market is to meet the needs of students opting for emerging courses in fields like Management, Engineering, Aviation, Medicine, Technology, upskilling programs.

USA, UK, Germany, Ireland, and Australia have emerged as the top international education destinations, accounting for nearly two-thirds of loan applicants. Majority of the overseas loans are for pursuing post-graduate programs in STEM (Science, Technology, Engineering, and Mathematics) streams.

Commenting on the Education Loan product, Vivek Chopra, COO – Retail Finance, Tata Capital Ltd, said, “At Tata Capital, we give quick loans through a seamless digital process. Our enhanced operational efficiency strengthens our decision-making capabilities to deliver smoother customer experiences. This focus on digital transformation is intended to meet customer needs with speed and accuracy.”

Launched in December 2023, Tata Capital’s education loans have already garnered over 6000 applications, underscoring the growing demand for dependable financing solutions. Backed by an extensive network of more than 900 branches nationwide, Tata Capital is well-positioned to cater to this need effectively.

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As part of this collaboration, Tata Capital will offer up to 100% funding, including tailored products for various customer segments. Additionally, commercial usage vehicle financing will also be available. For pre-owned cars, Tata Capital will provide funding options based on the market value of the vehicle.

This collaboration marks a crucial step in Tata Capital’s strategy to expand its presence in the automotive financing sector while leveraging digital platforms to enhance customer service.

Speaking on the partnership, Vivek Chopra, COO – Retail Finance at Tata Capital Ltd, said, “We are pleased to collaborate with Maruti Suzuki India Ltd., as this partnership perfectly aligns with our objective of providing comprehensive financial solutions that cater to the diverse needs of our customers and partners. Over the past few years, Tata Capital has also significantly expanded its footprint to over 800 branches across the country.”

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The financing is structured across five SPVs and covers commissioned solar projects strategically located across Uttar Pradesh. These projects are already delivering clean energy to several renowned industrial consumers in the state, contributing to a greener future and offsetting an estimated 80,000 tonnes of carbon dioxide annually.

Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy said, “This long-term financing from Tata Capital is a testament of Sunsure Energy’s commitment to providing a customised suite of renewable energy solutions that contribute to India’s transition towards green energy. This financing enables us to further scale up our portfolio of solar open-access projects in Uttar Pradesh and meet the demand for green energy in the state. We are delighted to deepen our partnership with Tata Capital and look forward to further associating with them for our upcoming projects.” 

Manish Chourasia, Chief Operating Officer- Corporate and Cleantech at Tata Capital Ltd said, “We are committed to advancing India’s clean energy sector through strategic financing. Our support for this project reflects our belief in the transformative potential of renewable energy in India. This partnership aligns with our goal of supporting impactful projects as we remain dedicated to foster a greener and more sustainable future.”

Sunsure Energy has a proven track record in Uttar Pradesh and is developing renewable energy projects across India including solar, wind and energy storage technologies, making it the preferred renewable energy solutions provider for India’s leading businesses transitioning to green power. The company currently provides renewable energy solutions to 70+ Indian industrial companies across over 16 states, including multinationals like Sandoz, KSB Pumps, Emcure, Dabur, Olon API, and more.

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