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

Loan Amount
₹ 1 L
₹ 10 L
₹ 1 Cr
Tenure
Months
12 M
126 M
240 M
Rate of Interest
9.00%
14.50%
20.00%
Education Loan
Your Monthly Education Loan EMI
₹28,119.09
Principal Amount
₹20,00,000
Total Interest
₹13,74,290.66
Total Amount Payable
₹33,74,290.66
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year Payable Amount Principal Interest Balance
2025 ₹ 1,96,833 ₹ 64,498 ₹ 1,32,336 ₹ 19,35,502
Jun₹ 28,119₹ 8,952₹ 19,167₹ 19,91,048
Jul₹ 28,119₹ 9,038₹ 19,081₹ 19,82,009
Aug₹ 28,119₹ 9,125₹ 18,994₹ 19,72,885
Sep₹ 28,119₹ 9,212₹ 18,907₹ 19,63,672
Oct₹ 28,119₹ 9,301₹ 18,819₹ 19,54,372
Nov₹ 28,119₹ 9,390₹ 18,729₹ 19,44,982
Dec₹ 28,119₹ 9,480₹ 18,639₹ 19,35,502
2026 ₹ 3,37,428 ₹ 1,21,096 ₹ 2,16,333 ₹ 18,14,405
Jan₹ 28,119₹ 9,571₹ 18,549₹ 19,25,932
Feb₹ 28,119₹ 9,662₹ 18,457₹ 19,16,270
Mar₹ 28,119₹ 9,755₹ 18,364₹ 19,06,515
Apr₹ 28,119₹ 9,848₹ 18,271₹ 18,96,666
May₹ 28,119₹ 9,943₹ 18,176₹ 18,86,724
Jun₹ 28,119₹ 10,038₹ 18,081₹ 18,76,686
Jul₹ 28,119₹ 10,134₹ 17,985₹ 18,66,552
Aug₹ 28,119₹ 10,231₹ 17,888₹ 18,56,320
Sep₹ 28,119₹ 10,329₹ 17,790₹ 18,45,991
Oct₹ 28,119₹ 10,428₹ 17,691₹ 18,35,563
Nov₹ 28,119₹ 10,528₹ 17,591₹ 18,25,034
Dec₹ 28,119₹ 10,629₹ 17,490₹ 18,14,405
2027 ₹ 3,37,428 ₹ 1,35,782 ₹ 2,01,647 ₹ 16,78,624
Jan₹ 28,119₹ 10,731₹ 17,388₹ 18,03,674
Feb₹ 28,119₹ 10,834₹ 17,285₹ 17,92,840
Mar₹ 28,119₹ 10,938₹ 17,181₹ 17,81,902
Apr₹ 28,119₹ 11,043₹ 17,077₹ 17,70,860
May₹ 28,119₹ 11,148₹ 16,971₹ 17,59,712
Jun₹ 28,119₹ 11,255₹ 16,864₹ 17,48,456
Jul₹ 28,119₹ 11,363₹ 16,756₹ 17,37,093
Aug₹ 28,119₹ 11,472₹ 16,647₹ 17,25,621
Sep₹ 28,119₹ 11,582₹ 16,537₹ 17,14,039
Oct₹ 28,119₹ 11,693₹ 16,426₹ 17,02,347
Nov₹ 28,119₹ 11,805₹ 16,314₹ 16,90,542
Dec₹ 28,119₹ 11,918₹ 16,201₹ 16,78,624
2028 ₹ 3,37,428 ₹ 1,52,246 ₹ 1,85,184 ₹ 15,26,377
Jan₹ 28,119₹ 12,032₹ 16,087₹ 16,66,591
Feb₹ 28,119₹ 12,148₹ 15,972₹ 16,54,444
Mar₹ 28,119₹ 12,264₹ 15,855₹ 16,42,180
Apr₹ 28,119₹ 12,382₹ 15,738₹ 16,29,798
May₹ 28,119₹ 12,500₹ 15,619₹ 16,17,298
Jun₹ 28,119₹ 12,620₹ 15,499₹ 16,04,678
Jul₹ 28,119₹ 12,741₹ 15,378₹ 15,91,937
Aug₹ 28,119₹ 12,863₹ 15,256₹ 15,79,074
Sep₹ 28,119₹ 12,986₹ 15,133₹ 15,66,088
Oct₹ 28,119₹ 13,111₹ 15,008₹ 15,52,977
Nov₹ 28,119₹ 13,236₹ 14,883₹ 15,39,741
Dec₹ 28,119₹ 13,363₹ 14,756₹ 15,26,377
2029 ₹ 3,37,428 ₹ 1,70,708 ₹ 1,66,721 ₹ 13,55,670
Jan₹ 28,119₹ 13,491₹ 14,628₹ 15,12,886
Feb₹ 28,119₹ 13,621₹ 14,498₹ 14,99,265
Mar₹ 28,119₹ 13,751₹ 14,368₹ 14,85,514
Apr₹ 28,119₹ 13,883₹ 14,236₹ 14,71,631
May₹ 28,119₹ 14,016₹ 14,103₹ 14,57,615
Jun₹ 28,119₹ 14,150₹ 13,969₹ 14,43,465
Jul₹ 28,119₹ 14,286₹ 13,833₹ 14,29,179
Aug₹ 28,119₹ 14,423₹ 13,696₹ 14,14,757
Sep₹ 28,119₹ 14,561₹ 13,558₹ 14,00,196
Oct₹ 28,119₹ 14,701₹ 13,419₹ 13,85,495
Nov₹ 28,119₹ 14,841₹ 13,278₹ 13,70,654
Dec₹ 28,119₹ 14,984₹ 13,135₹ 13,55,670
2030 ₹ 3,37,428 ₹ 1,91,408 ₹ 1,46,023 ₹ 11,64,263
Jan₹ 28,119₹ 15,127₹ 12,992₹ 13,40,543
Feb₹ 28,119₹ 15,272₹ 12,847₹ 13,25,270
Mar₹ 28,119₹ 15,419₹ 12,701₹ 13,09,852
Apr₹ 28,119₹ 15,566₹ 12,553₹ 12,94,285
May₹ 28,119₹ 15,716₹ 12,404₹ 12,78,570
Jun₹ 28,119₹ 15,866₹ 12,253₹ 12,62,704
Jul₹ 28,119₹ 16,018₹ 12,101₹ 12,46,686
Aug₹ 28,119₹ 16,172₹ 11,947₹ 12,30,514
Sep₹ 28,119₹ 16,327₹ 11,792₹ 12,14,187
Oct₹ 28,119₹ 16,483₹ 11,636₹ 11,97,704
Nov₹ 28,119₹ 16,641₹ 11,478₹ 11,81,063
Dec₹ 28,119₹ 16,801₹ 11,319₹ 11,64,263
2031 ₹ 3,37,428 ₹ 2,14,618 ₹ 1,22,812 ₹ 9,49,645
Jan₹ 28,119₹ 16,962₹ 11,158₹ 11,47,301
Feb₹ 28,119₹ 17,124₹ 10,995₹ 11,30,177
Mar₹ 28,119₹ 17,288₹ 10,831₹ 11,12,889
Apr₹ 28,119₹ 17,454₹ 10,665₹ 10,95,435
May₹ 28,119₹ 17,621₹ 10,498₹ 10,77,814
Jun₹ 28,119₹ 17,790₹ 10,329₹ 10,60,023
Jul₹ 28,119₹ 17,961₹ 10,159₹ 10,42,063
Aug₹ 28,119₹ 18,133₹ 9,986₹ 10,23,930
Sep₹ 28,119₹ 18,306₹ 9,813₹ 10,05,624
Oct₹ 28,119₹ 18,482₹ 9,637₹ 9,87,142
Nov₹ 28,119₹ 18,659₹ 9,460₹ 9,68,483
Dec₹ 28,119₹ 18,838₹ 9,281₹ 9,49,645
2032 ₹ 3,37,428 ₹ 2,40,641 ₹ 96,790 ₹ 7,09,004
Jan₹ 28,119₹ 19,018₹ 9,101₹ 9,30,627
Feb₹ 28,119₹ 19,201₹ 8,919₹ 9,11,426
Mar₹ 28,119₹ 19,385₹ 8,735₹ 8,92,042
Apr₹ 28,119₹ 19,570₹ 8,549₹ 8,72,471
May₹ 28,119₹ 19,758₹ 8,361₹ 8,52,713
Jun₹ 28,119₹ 19,947₹ 8,172₹ 8,32,766
Jul₹ 28,119₹ 20,138₹ 7,981₹ 8,12,628
Aug₹ 28,119₹ 20,331₹ 7,788₹ 7,92,296
Sep₹ 28,119₹ 20,526₹ 7,593₹ 7,71,770
Oct₹ 28,119₹ 20,723₹ 7,396₹ 7,51,047
Nov₹ 28,119₹ 20,922₹ 7,198₹ 7,30,126
Dec₹ 28,119₹ 21,122₹ 6,997₹ 7,09,004
2033 ₹ 3,37,428 ₹ 2,69,820 ₹ 67,608 ₹ 4,39,182
Jan₹ 28,119₹ 21,324₹ 6,795₹ 6,87,679
Feb₹ 28,119₹ 21,529₹ 6,590₹ 6,66,150
Mar₹ 28,119₹ 21,735₹ 6,384₹ 6,44,415
Apr₹ 28,119₹ 21,943₹ 6,176₹ 6,22,472
May₹ 28,119₹ 22,154₹ 5,965₹ 6,00,318
Jun₹ 28,119₹ 22,366₹ 5,753₹ 5,77,952
Jul₹ 28,119₹ 22,580₹ 5,539₹ 5,55,372
Aug₹ 28,119₹ 22,797₹ 5,322₹ 5,32,575
Sep₹ 28,119₹ 23,015₹ 5,104₹ 5,09,560
Oct₹ 28,119₹ 23,236₹ 4,883₹ 4,86,324
Nov₹ 28,119₹ 23,458₹ 4,661₹ 4,62,865
Dec₹ 28,119₹ 23,683₹ 4,436₹ 4,39,182
2034 ₹ 3,37,428 ₹ 3,02,538 ₹ 34,890 ₹ 1,36,642
Jan₹ 28,119₹ 23,910₹ 4,209₹ 4,15,272
Feb₹ 28,119₹ 24,139₹ 3,980₹ 3,91,132
Mar₹ 28,119₹ 24,371₹ 3,748₹ 3,66,762
Apr₹ 28,119₹ 24,604₹ 3,515₹ 3,42,157
May₹ 28,119₹ 24,840₹ 3,279₹ 3,17,317
Jun₹ 28,119₹ 25,078₹ 3,041₹ 2,92,239
Jul₹ 28,119₹ 25,318₹ 2,801₹ 2,66,921
Aug₹ 28,119₹ 25,561₹ 2,558₹ 2,41,359
Sep₹ 28,119₹ 25,806₹ 2,313₹ 2,15,553
Oct₹ 28,119₹ 26,053₹ 2,066₹ 1,89,500
Nov₹ 28,119₹ 26,303₹ 1,816₹ 1,63,197
Dec₹ 28,119₹ 26,555₹ 1,564₹ 1,36,642
2035 ₹ 1,40,595 ₹ 1,36,643 ₹ 3,953 ₹ 0
Jan₹ 28,119₹ 26,810₹ 1,309₹ 1,09,832
Feb₹ 28,119₹ 27,067₹ 1,053₹ 82,766
Mar₹ 28,119₹ 27,326₹ 793₹ 55,440
Apr₹ 28,119₹ 27,588₹ 531₹ 27,852
May₹ 28,119₹ 27,852₹ 267₹ 0

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.

Disclaimer

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.

FAQs

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 support@propelld.com. 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 Offer
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