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Understand the eligibility criteria and required documents for getting an education loan in India, on Bajaj Markets.
Starting Interest Rate
Max. Loan Amount
Max. Tenure
To secure an education loan, you must fulfil certain eligibility criteria and submit specific documents to the lending institution.
Eligibility requirements of the lending partners that offer student loans on Bajaj Markets website are as follows:
Lending Partner |
Eligibility Criteria |
|---|---|
InCred Finance |
|
Propelld |
|
Alongside this, you may also be required to furnish some of the following documents:
KYC documents
Income proof
Academic documents
Collateral-related documents (for secured loan)
Unconditional offer letter from a university
Form I-20 along with valid proof for it
Sanction letter from NBFC
Yes, typically, applicants must fall within the specified age limit, usually between 18 to 35 years. This may differ depending on the lender you choose. Thus, check with your financial institution prior to applying.
Yes, many lenders offer specialised loans for students pursuing international courses. For this, you may be required to submit specific documents such as an unconditional offer letter and Form I-20.
Lenders evaluate your repayment capacity for an education loan based on your income, credit history, and co-signer's financial stability. A stable income and positive credit record enhance your eligibility.
Enhance your eligibility by maintaining a strong academic record, gaining relevant work experience, and selecting a reputable course and university.
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