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Personal Loan for Students
Secure a personal loan for students to cover all your educational expenses and enjoy flexible repayment, quick approval, competitive interest rates, and other benefits.
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Maximum Loan Tenure
Maximum Loan Amount
If you are planning to pursue higher studies but need financial support, a personal loan for students could be your ideal solution. This loan can help you cover your education expenses, whether you are studying in India or abroad.
Unlike traditional education loans, these loans offer greater flexibility, allowing you to use the funds for a wide variety of educational purposes, like tuition, accommodation, and more. Moreover, you can access these loans without having to provide collateral.
This loan is designed to meet your needs and is based on your monthly income. With some of the best personal loans for students available on Bajaj Markets, students can focus on their studies while they get financial support.
The loan amount can be as high as ₹50 Lakhs. The final amount will, however, depend on your eligibility, repayment capacity, and credit score.
You can get a personal loan for education starting at 9.99% per annum on Bajaj Markets, which is one of the most competitive interest rates out there.
You can apply for the loan online from the comfort of your home.
There is no need for you to offer any of your valuables as collateral to get a personal loan for education.
You can repay your personal loan over as long as 8 years so that your budget is not disturbed.
If you want to repay your personal loan ahead of the repayment tenure, you can do so for a very minimal foreclosure charge.
The eligibility criteria for a personal loan for educational purposes are as follows:
You need to be an Indian citizen
Secured at least 50% marks in your previous board exams
The educational institution has to be recognised by the UGC, the government, or the AICTE
No active education loan accounts
You will need the following documents to get a personal loan for education:
Identity Proof
Address Proof
Income Proof
Copy of the admission letter
Standard 10th, Standard 12th, and college mark sheets
Last 6 months’ bank statements
Demand letter by the university
Loan agreement signed by the applicant(s)
Disbursement request form signed by the applicant(s)
Passport-size photographs
Follow the below-mentioned steps to get a personal loan for education from Bajaj Markets:
Visit the Bajaj Markets website
Go to the ‘Personal Loan’ page and click on ‘Check Offers’
Fill up the application form online with your professional and personal details
Pick your desired loan lender and enter the amount you require (the maximum amount will be subject to eligibility)
Pick a suitable loan repayment tenure as well for instant approval
Provide all the required documents along with the application form for verification
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.
It is a type of loan designed to help fund educational expenses. You can use it for tuition fees, books, living expenses, or even studying abroad. Unlike education loans, it doesn’t require collateral and is based on your income and creditworthiness.
These loans offer flexible repayment options, allowing you to manage your finances effectively while focusing on your studies.
The maximum amount you can borrow via Bajaj Markets can go up to ₹50 Lakhs.
It depends on various factors, some of which include:
The lender’s policies
Your income
Your credit history
The repayment period for this type of loan can go up to 8 years, depending on the lender’s policies and your repayment capacity. Some lenders may offer other flexible repayment options to align with your financial situation.
After applying, lenders can assess your application and disburse the amount within a few minutes if your application is approved. It usually depends on the lender’s approval process and the documentation provided.
No, personal loans for students are typically unsecured, meaning you do not need to provide collateral. The loan is granted based on your income, creditworthiness, and the lender’s policies.
