Education Loan
Easy Payments
Budget-Friendly
Waiting Period
Proper Guidance
Features & Benefits
- Features:
- Flexible Repayment: Choose a repayment plan that suits your budget and career goals.
- Affordable Rates: Benefit from low-cost interest rates for budget-friendly financing.
- Post-Study Breather: Take a break before starting repayments, giving you time to settle into your career.
- Benefits:
Easy Payments: Pay at your own place.
Save Money: Low-cost financing for your studies.
Chill After Studies: Relax before starting repayments.
- Eligibility:
- Student Age: Typically between 18 to 35 years.
- Academic Qualifications: Acceptance into a recognized course.
- Co-Applicant: A co-applicant, often a parent or guardian, is required.
- Course and College: Loan availability for recognized courses in accredited institutions.
- Credit History: A good credit history enhances eligibility.
- Financial Stability: Proof of financial stability to ensure repayment capability.
- Collateral: Depending on the loan amount, collateral or a co-signer may be required.
- Documentation:
- Identity Proof: Aadhar card, Passport, or government-issued ID.
- Address Proof: Utility bills, rent agreement, or voter ID.
- Academic Records: Acceptance letter, mark sheets, and admission proof.
- Co-Applicant Documents: Identity and address proof of the co-applicant (usually parent/guardian).
- Income Proof: Salaried: Salary slips, Income Tax Returns, Form 16.
- Collateral Documents: If required, property documents or collateral details.
- Course Details: Admission letter, fee structure, and details of the course.
- Fees & Charges:
Processing Fee: Charged for processing the education loan application.
Interest Rates: The cost of borrowing, with options for fixed or floating rates.
Prepayment Charges: Fees incurred for repaying the education loan before the agreed-upon tenure.
Late Payment Fees: Imposed for delayed EMI payments during your education.
EMI Bounce Charges: Applicable if EMI payments are not honored.
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