A good education is the foundation of a successful career. As parents, you would always wish your children to have the best possible education. This is easier said than done given the high cost of education and the tough competition to secure admission into reputed universities and institutions. Moreover, as globalization takes over, many students prefer to pursue their higher education abroad. But, such aspirations are not easy on the pocket. Besides high college fees, parents are also faced with the challenge of arranging accommodation and rationing for general lifestyle abroad.
As parents, you must have often wondered how to plan your child’s course of education? No matter how carefully you spend, it is difficult to arrange such a large amount of money with just savings. Moreover, student loans can be surprisingly difficult to avail. Most banks have stringent eligibility criteria for student loans. However, even if you have not been able to gather enough savings or secure a student loan, you do not need to sacrifice your child’s ambitions. A personal loan for education can help fund your child’s educational needs and more.
Why should you consider a personal loan for funding your child’s education?
You can manage more than just tuition fees
It is likely that the cost of financing your child’s higher studies may be more than what you have saved. Additionally, exhausting your savings to tackle the high cost is not a wise decision. A personal loan for education will help you finance many more expenses besides the admission and tuition fees. You can use the funds from a personal loan to apply for a visa, arrange accommodation or to book tickets.
No need for Collateral
With Education loan without collateral, you can avail funds up to INR 25 Lakhs without the need to pledge any collateral or asset. As a result, you can secure the necessary funds without pledging your precious assets, unlike student loans. Learn more on benefits of Education loan without collateral
Quick loan processing helps you adhere to admission deadlines
Personal loans have a simple and quick application process. Moreover, the disbursal of money to your account is done within a few days of loan approval. This, in turn, helps you pay for your child’s spot in a top university within the due date. And in case your child is planning to study abroad, you can also begin the visa application formalities and flight bookings at the earliest to save time and money.
Clearly, personal loans are a great choice for funding your child’s education. You can apply for a Bajaj Finserv Personal Loan online from Finserv MARKETS and secure funds up to INR 25 lakh. Moreover, by applying for a personal loan with us, you can enjoy unique benefits like instant approval, flexible repayments, and swift disbursal only EMI during the initial phase and much more. You can also find out the applicable EMI by using our Personal Loan EMI calculator. So don’t think twice! Apply for a Bajaj Finserv Personal Loan from Finserv MARKETS and give wings to your child’s dreams!
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!