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.

Interest Rates and Charges

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.

Propelld Education Loan EMI Calculator

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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

Eligibility Criteria and Documents Required

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

How to Apply?

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.


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 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 Check Eligibility
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