What do you get under Goa interest-free loan?
Interest-free loan for fees: up to ₹2 lakh a year in India (₹10 lakh over 5 years) and up to ₹8 lakh a year abroad (₹16 lakh over 2 years). No interest if you repay on schedule.
Who is eligible for Goa interest-free loan?
- Below 30 years, resident of Goa for 15 years.
- Passed class 10 or 12 (for diploma or degree) or graduation (for PG) from an institution in Goa; for graduation outside Goa, both parents must have lived in Goa for 15 years.
- At least 55% marks for study in India, 60% for abroad (10% relaxation for SC, ST and OBC).
- Family income up to ₹12 lakh a year for India (₹13 lakh if a sibling is also in higher studies), ₹20 lakh for abroad (₹23 lakh with a sibling).
- Full-time recognised course with fees above ₹10,000 a year.
Also check:
- Repayment starts one year after the minimum course period, in monthly EMIs (18 to 60 months by amount). Late or missed EMIs attract 10% interest.
- For loans above ₹5 lakh, a parent and one more guarantor must sign a bond.
- Any other scholarship is deducted from the loan.
Documents needed for Goa interest-free loan
0 of 7 ready
Offices may ask for more. Check the official list before you go.
How to apply for Goa interest-free loan
- Submit the loan application with all documents to the GEDC office before the last date announced for the year.
- Complete any missing documents within 2 weeks of being told; the sanctioning committee decides within about two months.
How to check Goa interest-free loan status
- Quote your registration number to GEDC to check the application.
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Common questions
Who is eligible for Goa interest-free loan?
Below 30 years, resident of Goa for 15 years. Passed class 10 or 12 (for diploma or degree) or graduation (for PG) from an institution in Goa; for graduation outside Goa, both parents must have lived in Goa for 15 years. At least 55% marks for study in India, 60% for abroad (10% relaxation for SC, ST and OBC). Family income up to ₹12 lakh a year for India (₹13 lakh if a sibling is also in higher studies), ₹20 lakh for abroad (₹23 lakh with a sibling). Full-time recognised course with fees above ₹10,000 a year.
How much do I get under Goa interest-free loan?
Interest-free loan for fees: up to ₹2 lakh a year in India (₹10 lakh over 5 years) and up to ₹8 lakh a year abroad (₹16 lakh over 2 years). No interest if you repay on schedule.
What documents do I need for Goa interest-free loan?
Domicile or residence certificate of the state; Income certificate; Education certificates (marksheets); Proof of admission or fee receipt; Aadhaar card (linked to your mobile number); Bank passbook or account details (Aadhaar-seeded account); Caste certificate (SC / ST / OBC), if you claim it.
How do I apply for Goa interest-free loan?
Submit the loan application with all documents to the GEDC office before the last date announced for the year. Complete any missing documents within 2 weeks of being told; the sanctioning committee decides within about two months. Official site: https://gedc.goa.gov.in/
How do I check Goa interest-free loan status?
Quote your registration number to GEDC to check the application.
Do I have to pay anyone to apply for Goa interest-free loan?
No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.
How much interest-free loan can I get in Goa?
Actual fees up to ₹2 lakh a year in India (₹10 lakh over 5 years), or up to ₹8 lakh a year abroad (₹16 lakh over 2 years).
What is the income limit for the Goa education loan?
₹12 lakh a year for India (₹13 lakh with a sibling also studying), ₹20 lakh for abroad (₹23 lakh with a sibling).
Is it really interest free?
Yes, as long as you pay every EMI on time. Late EMIs attract 10% interest.
Official sources
- Official Gazette, Govt of Goa, 21 November 2023: Interest Free Education Loan Scheme for Higher Education (amended), PDF
- Goa Education Development Corporation
Last checked 1 November 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.