Know more about Propelld Education Loan on Bajaj Markets
Acquiring new degrees to further your career can be an expensive venture, which can be made easy with the help of a Propelld Education Loan. The loan, available on Bajaj Markets, can help you get up to ₹25 Lakhs at interest rates starting from 12% p.a. You can repay this collateral-free loan easily over tenure of up to 10 years with an automated EMI payment facility. Furthermore, you can also choose to pay lower EMIs during the moratorium period or utilise the study now and pay later facility, as per your convenience.
The Propelld Education Loan interest rates and charges are as provided in the following table:
Interest Rate |
12% p.a. - 15% p.a. (IRR) |
Processing Fee |
Between 1% and 3% of the loan amount |
*Disclaimer: The aforementioned details are subject to change at the lender’s discretion.
Features & Benefits
High Loan Amount
Secure amounts as high as ₹25 Lakhs with this loan
Maximum Tenure
Repay the loan over a flexible repayment tenure of up to 10 years
Zero Collateral
Get the required funds without having to submit any of your assets as collateral
Up to 100% Funding
Get up to 100% of your tuition fees as a loan and fund your academic aspirations easily
Easy Repayments
Repay your loan easily and on time with the help of automated EMI payment facilities
Quick Disbursal
The loan amount will be disbursed within 2 days from the approval of the application
EMI Options
Pay lower EMIs when studying for the chosen course during the moratorium period or you can even opt for the study now and pay later option
Make sure to fulfil the following Propelld Education Loan eligibility criteria prior to applying:
You credit history should not have any ‘written-off’ loans/credits
Your overdue amount should not be over ₹2000
You should not have more than 60 Days Past Due (DPD) in the last 12 months
Your age must be between 22 and 60 years
In addition to this, keep the following documents handy at the time of application:
Admission letter and fee structure
KYC documents of your parents (if you are a minor) and you
Bank statement of the last 6 months (of salary credit account, if salaried)
ITR filings of the last 2 years
Follow these easy steps to apply for this education loan on Bajaj Markets:
Click on the ‘Apply Now’ option on this page
Enter your personal and course-related information as requested
Select ‘Propelld’ from the list of lenders
Choose the loan amount required and the preferred tenure
Click on ‘Submit’
After this, a representative will reach out to you for further proceedings.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
Education Loan Partners
FAQs
What is the interest rate charged on Propelld education loans?
The Propelld Education Loan interest rates start from 12% p.a.
What is ‘Study Now Pay Later’?
Study Now Pay Later is an option that enables you to make 0 or minimal EMI payments during the moratorium period. This is usually for the entire duration of the course. Following this, you can pay the regular EMI amount after the course is completed and the moratorium period has ended.
How to pre-close Propelld education loan?
To pre-close your loan send your personal details like name, registered email address, application ID, and mobile number to support@propelld.com. You can also contact Propelld on +91-7375911702 to make a foreclosure request.
✓ Up to 100% Funding ✓ Interest Rates starting from 10.25% p.a. ✓ Get up to ₹75 Lakhs
