Personal Loan for Education

If you want to provide your children the education they deserve but are running short of funds to do so, you can always opt for a personal loan for education. This form of credit can help you cover tuition and other related expenses without having to bear the burden entirely by yourself. A personal loan for education comes with a host of benefits such as competitive interest rates, flexible loan repayment tenures, and top-up facilities. Such loans are also easy to avail and are disbursed quickly into your account so that your child can get the kind of education they aspire to get.

The eligibility criteria for a personal loan for educational purposes are as follows:

• You need to be an Indian citizen.

• You should have secured at least 50% marks in your previous board exams.

• The educational institution must be recognised by the UGC, the Government or the AICTE.

• You should not an active education loan account.

You will need the following documents to get a personal loan for education:

• Identity Proof

• Address Proof

• Income Proof

• Copy of the admission letter

• Standard 10th, Standard 12th, and college marksheets

• Last 6 months’ bank statements

• Demand letter by the university

• Loan agreement signed by the applicant(s)

• Disbursement request form signed by the applicant(s)

• Passport-size photographs

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.