Personal Loan for Education

Most often, the one thing that can interrupt the top-quality education for your child is the access to funds. Many times, you have to compromise on your child’s dreams because of inadequate funds. With a personal loan, you can now turn their dreams into a reality. You can use the funds to provide superior- quality education to your child and ensure that the loan amount is repaid over the tenure. The online personal loan application process is simple and hassle-free. It is an ideal borrowing option for those who want to study in India or abroad. The loan will offer a complete solution to those who have always dreamt of higher education but were worried about financing the same.

No child should have to compromise on their dreams due to lack of funds and now it is possible to apply for an instant personal loan for education. The biggest advantage of a personal loan is that you can use it for any purpose. It has no restrictions with regard to end-use. Additionally, the loan does not require any collateral. With a Personal Loan by Finserv MARKETS, you can enjoy quick access to funds with minimal documentation.

Features and Benefits of a Personal Loan for Education

The key features of a personal loan are discussed below.

1. Instant Approval

You do not have to wait around for days to get the loan approval. With a personal loan for education, you can enjoy instant loan approval. You only need to fill the application form and submit relevant documents for a quick approval.

2. Immediate Disbursal

When your loan is approved, you will have the funds transferred to your account generally within 24 hours. It will give you instant access to funds and you can use them for any purpose.

3. Low EMI

If you are worried about the interest rate on personal loan, you need not fret anymore. With a personal loan for education, you can enjoy an interest-only Equated Monthly Installment (EMI) and reduce the EMI payable significantly. Consider the personal loan interest rates and pay only the interest amount as your EMI. You can repay the principal amount at the end of the loan tenure.

4. Flexibility

A personal loan offers flexible repayment tenures usually of up to 5 years. When you apply for a personal loan, the loan amount will be transferred to your account but you can borrow an amount as per your requirements. You will have to pay an interest only on the amount utilized by you.

5. High Loan Amount

The personal loan for education is usually available for amount of Rs. 25 Lakhs. You can repay any of your personal or emergency needs with the funds. You can take the help of a personal loan EMI calculator that is carefully designed keeping your monthly cash inflow in mind.

A personal loan is one of the most preferred forms of borrowing and it is the easiest way to get access to funds. At Finserv MARKETS you can avail a personal loan without a guarantor. The loan repayment process is quite convenient. Before applying for a loan you need to check whether you are eligible for a personal loan. It has minimal eligibility criteria and documentation requirements. The loan will be processed within no time and the money will be credited to your account within 24 hours of approval. You can take the help of a Personal Loan Eligibility Calculator to check and calculate your personal loan eligibility criteria.

Eligibility Criteria for a Personal Loan for Education

To avail a loan, you need to meet the following eligibility criteria:

  • You need to be an Indian citizen aged between 21 and 65.
  • You need to be employed with a private company, public company, or a multinational company (MNC).

Documents Required For Personal Loan for Education

To apply for a personal loan, you need to provide KYC documents, passport-sized photographs, and bank account statements of the last three months.

The personal loan application on Finserv MARKETS is simple and straightforward. Consider the eligibility criteria and make a loan application with the necessary documents. With a personal loan for education, you can get a personal loan at an attractive interest rate. You can use the EMI calculator to estimate the amount of EMI payable on the loan. The calculator is available online and you need to provide the loan amount, tenure, and interest rate on personal loan to get an estimate.

With Finserv MARKETS you can get the financial support you need to fulfill your dream.

How to Apply Personal Loan for Education

Applying for an education loan is very simple on Finserv MARKETS. You need to enter your personal and employment details. Then select your preferred loan amount and repayment tenure. Post the verification, you can get the money in no time.

Student Loan FAQs

  • ✔️Who is Eligible for a Personal Loan for Education?

    Salaried employees are eligible for a personal loan for Education.

  • ✔️Who can be a Guarantor for Personal Loan for Education in India?

    Your parent, spouse or acquaintance can be a guarantor for Personal Loan for Education in India.

  • ✔️Can Personal Loan for Education amount be increased?

    It depends on the lender or the financial institution. 

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!