Personal Loan for Students

Unlike traditional education loans, which are often restricted to tuition and academic expenses, personal loans for students offer more flexibility. They allow you to use the funds for a broad range of educational and personal needs. Moreover, you can access these loans without having to provide collateral.

On Bajaj Markets, you get quick access to funds by choosing from a variety of personal loans and enjoy flexible funding support for education-related and personal expenses. It helps students manage costs more effectively.

Pursuing higher education often involves significant expenses, whether in India or abroad. A personal loan for education gives you the financial support to cover tuition fees, living costs, and unexpected needs. You can use it for:

• Studying Overseas

You can manage the high costs of overseas education with a personal loan. It can help cover tuition fees, accommodation, daily living expenses, and travel. It also provides flexibility that enables you to deal with currency fluctuations, visa requirements, and limited part-time work options.

• Higher Studies in India

If you plan to study at a private or professional institution in India, costs can be high. A personal loan lets you pursue advanced degrees without draining family savings. It also covers placement-related and career-related expenses.

• Living and Academic Expenses

You can use the loan for hostel fees, exam fees, books, laptops, and health insurance. This support helps you focus on academics without worrying about funds for essentials.

• Support for Emergency Needs

A personal loan also helps you handle emergencies. It can cover relocation expenses, medical needs, or unexpected increases in tuition fees. With timely financing, you have financial security during your educational journey. 

The eligibility criteria for a personal loan for educational purposes on Bajaj Markets are as follows:

• You need to be an Indian citizen

• Your age needs to be above 18 years 

• You need to be either a salaried or self-employed applicant 

• Your minimum income needs to be at least ₹9,000 per month

• Your minimum CIBIL score should be 685 

In case you are a student and do not meet the criteria, your parents can take the loan to finance your education. In this case, they need to meet the terms listed above. 

You can follow the below-mentioned steps to get a personal loan for education on Bajaj Markets:

1. Visit the official Bajaj Markets website

2. Go to the ‘Personal Loan’ page

3. Click on ‘Apply Now’ 

4. Enter your professional details, mobile number, and PIN code to receive an OTP on your mobile number

5. Tick all the checkboxes for terms and conditions and click on ‘Proceed’ 

6. Fill out the application form online with your professional and personal details

7. Pick the loan amount you require, along with the repayment tenure

8. Provide all the required documents along with the application form for verification

Following this, a representative will get in touch with you to complete the process further.