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How a Personal Loan Can Help Fund your Higher Studies?

By Finserv MARKETS - May 3,2019
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Personal Loan for Education

At times, the only thing that stands between you and your dreams is access to funds. Pursuing higher studies can be expensive, especially if you are planning to study abroad. Taking a personal loan is probably one of the best ways to cover the high costs of education and its related expenses. Here’s how a Bajaj Finserv Personal Loan can help fund your higher studies:-

Fund more than just your education expenses

Unlike student loans, a personal loan for education can help you manage more than just your admission and tuition fees. If you are planning to study in another city or abroad, your education expenses will entail several other costs. A personal loan can help you finance expenses such as accommodation, ticket booking and general living expenses.

Secure Large Amount of Funds without Pledging Any Collateral

With personal loan for education you can secure loans up to INR 25 Lakh without pledging any collateral or asset. This saves you from the anxiety of risking your valuable assets like property or gold. Moreover, the lack of collateral speeds up the application process as there is less paperwork involved.

Tax Benefits

The income tax provisions in India offers tax deductions under Section 80E for the interest paid on loans taken for higher education. Whether you have taken the loan for yourself or your spouse or your children, you can the avail tax benefits under this section. However, in order to be eligible for this benefit, you must take the loan from a bank or a registered financial institution. Bajaj Finserv Personal Loan for higher studies is eligible for tax benefits.

Meet admission deadlines with quick application & disbursal

Most universities and colleges, especially the top ones have stringent deadlines for admission. And, if you are unable to pay the admission fee on time, you risk losing a spot in your dream college. With a Bajaj Finserv personal loan, you need not worry about missing your admission deadlines. If your documents are in order and your personal loan application is processed successfully, the loan amount will be disbursed to your account within 24 hours. To increase your chances of quick loan approval and disbursal, make sure to check the basic eligibility criteria and documentation required before applying for the loan.

Without a doubt, opting for a personal loan is a great way to fund your higher studies. Bajaj Finserv Personal Loan are customized to meet all the financial requirements of higher education. Moreover, by applying for Bajaj Finserv personal loans at Finserv MARKETS, you can enjoy exclusive benefits like tailor-made loans, quick disbursal, flexible repayments and value-added services. To apply or know more about Bajaj Finserv personal loans, visit Finserv MARKETS.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522