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Learn how a Propelld Education Loan on Bajaj Markets makes funding your higher studies simple, flexible, and stress-free.
Pursuing higher education can open doors to better career opportunities, but the rising cost of tuition often stands in the way. A Propelld Education Loan helps you overcome this hurdle by funding your studies without financial strain. You can borrow up to ₹25 Lakhs at interest rates starting from 12% per annum and repay the amount over a flexible tenure of up to 10 years. Since it is a collateral-free loan, you can focus on your education rather than paperwork. You can also choose convenient repayment options, such as lower EMIs during your course or a ‘study now, pay later’ plan.
Understanding the Propelld Education Loan Interest Rates & key charges before applying helps you plan your education loan better and avoid unexpected costs later:
| Charge Type | Details |
|---|---|
Interest Rate |
12% p.a. - 15% p.a. (Indicative Rate of Return) |
Processing Fee |
1% - 3% of the total loan amount |
Disclaimer: The aforementioned details are subject to change at the lender’s discretion.
Knowing your monthly EMI before applying helps you plan your finances better and stay stress-free during repayment. The Education Loan EMI Calculator on Bajaj Markets helps you estimate your payments in seconds, giving you a clear picture of your loan commitments.
Here is how you can check your EMI easily:
Enter your loan amount (principal)
Add the applicable interest rate
Choose your loan tenure (in months or years)
The calculator quickly shows your monthly EMI and provides a clear breakdown of each instalment, highlighting how much goes towards interest and principal repayment.
Education loan EMIs are calculated using this simple formula:
EMI = [P × r × (1 + r)n] / [(1 + r)n– 1]
Where:
P = Loan amount
r = Monthly interest rate (annual rate divided by 12, then by 100)
n = Tenure in months
Using this digital tool helps you borrow smartly and ensures your education loan remains manageable throughout the repayment period.
Get funding of up to ₹25 Lakhs to cover all your major education-related expenses with ease.
Choose a repayment tenure of up to 10 years, allowing you to repay comfortably based on your income and future plans.
Access the funds you need without pledging any assets, keeping your financial security intact.
Finance up to 100% of your tuition fees so you can focus on learning instead of arranging funds.
Meeting the eligibility criteria and keeping the right documents ready ensures a smooth and quick loan approval process:
You must be between 22 and 60 years of age at the time of application
Your credit history should be clean with no written-off loans or overdue accounts
Your outstanding dues must not exceed ₹2,000 at the time of verification
You should not have any payment delays beyond 60 Days Past Due (DPD) in the last 12 months
Ensure a smooth application process by keeping the following documents ready before you apply:
| Document Type | Details |
|---|---|
Admission Proof |
Admission confirmation letter and the official fee details issued by your educational institute |
KYC Documents |
Valid ID and address proof for you and your parents (if you are under 18 years old) |
Bank Statements |
Statements from the past six months for your primary or salary account (if you are salaried) |
Income Proof |
Copies of your Income Tax Returns (ITR) for the last two financial years |
Applying for a Propelld Education Loan online is quick and convenient, allowing you to start your academic journey without delays:
Here is how you can apply online for a Propelld Education Loan quickly and without any hassle:
Click on the ‘Apply Now’ button on this page
Fill in your personal and course details as requested in the form
Select ‘Propelld’ from the list of available education loan partners
Enter your desired loan amount and choose a repayment tenure that suits your needs
Review all the details carefully and click on ‘Submit’
Once your application is submitted, a Bajaj Markets representative will contact you to guide you through the next steps and complete the process smoothly.
Propelld primarily functions as a digital lending platform, making it easy for students to apply for education loans online from anywhere. The entire process—from application to approval—is handled digitally, removing the need for in-person visits or walk-in applications. This online approach not only saves time but also ensures faster loan processing and better convenience for applicants.
Understanding the main details of the Propelld Education Loan helps you plan your finances better and make an informed borrowing decision:
| Loan Feature | Details |
|---|---|
Maximum Loan Amount |
Up to ₹25 Lakhs |
Maximum Tenure |
Up to 10 years for flexible repayment |
Processing Fee |
Between 1% and 3% of the total loan amount |
Disclaimer: The aforementioned details are subject to change at the lender’s discretion.
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.
Propelld Education Loan interest rates start from 12% per annum, offering affordable financing for your higher education. Your exact rate depends on your credit score, course, and institution, ensuring transparent, personalised pricing suited to your financial profile and repayment ability.
The ‘Study Now, Pay Later’ feature allows you to focus on your studies without immediate repayment stress. You pay either minimal or zero EMIs during your course (moratorium period) and begin regular EMIs only after completing your studies, giving you financial flexibility during education.
You can pre-close your Propelld education loan by emailing your registered details, including name, application ID, and contact number, to support@propelld.com. Alternatively, call +91-7375911702 to request foreclosure assistance. Once verified, Propelld will share the pre-closure amount and process details for settlement.
To qualify for a Propelld education loan, you must be between 22 and 60 years of age. This range ensures that applicants have sufficient financial maturity and repayment capacity to manage the loan responsibly.
You can apply for a Propelld Education Loan online through Bajaj Markets, India’s trusted financial marketplace. The platform offers a seamless digital application process, quick eligibility checks, and transparent comparisons to help you secure the best education loan offer from Propelld.
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