A: Yes, education loans cover both domestic and international courses.
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Education Loan
Loan
Education Loan
Our education loan program is meticulously crafted to assist students and their families in meeting the escalating costs of higher education, both domestically and internationally. This financial product covers tuition fees, accommodation expenses, purchase of books and study materials, examination fees, and other ancillary academic costs. Recognizing the critical importance of education, our company facilitates easy access to funds through a simplified application process, competitive fixed interest rates, and flexible repayment options that commence after course completion. The loan tenure can extend up to 20 years, allowing borrowers to repay comfortably once they enter the workforce. We assess the applicant’s academic credentials, co-borrower’s financial stability, and future earning potential to ensure responsible lending and borrower success. Our education loans empower aspiring students to pursue their dreams without the burden of immediate financial constraints.
Features:
- Loan can be used for tuition fees, accommodation, travel expenses, books, and more
- Disbursal within 15 working days
- Flexible repayment tenure from 1 year up to 20 years
- File Security Money of ₹3,860/- applicable, with ₹3,300/- refundable after loan closure
Eligibility & Documents Required
- Indian student aged 18 to 35 years
- Confirmed admission in a recognized academic institution
- Documents required include admission letter or fee structure, valid ID proof, address proof, income proof of co-applicant or guardian, PAN card
Interest Rate
Fixed interest rate of 6% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.
Loan Tenure
Loan repayment tenure ranges from 1 year to 20 years, depending on loan amount and borrower’s preference.
Processing Responsibility
Any delay or interruption in the loan application or disbursal process arising from the customer’s or agent’s side will be beyond the company’s control and responsibility.
Frequently Asked Questions (FAQs)
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Q1: Can this loan be availed for studies abroad?
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Q2: When does the repayment start?A: Repayment generally begins after the completion of the course or after a grace period as specified by the company.