How to get an Education Loan for an undergraduate degree in BA

Education is crucial for an individual’s successful career. To assist aspiring candidates achieve their academic excellence, Bajaj Finserv brings customised Education Loan on Property. Such loans provide adequate financial assistance to cover all education-related expenses effortlessly.

If you are pursuing an undergraduate degree in B.A. from India or abroad, you can easily opt for the Higher Education Loan by fulfilling all the eligibility requirements.

Eligibility Criteria for the Education Loan

The employment status of applicants must be salaried or self-employed. Other eligibility criteria include –

  Salaried Applicants Self-employed Applicants
Age Within 33 – 58 years Within 25 – 70 years
Nationality Residing Indian Residing Indian
Occupation Should be employed at a private or public firm or an MNC. Should have a stable and regular income source.
Credit score Minimum 750 Minimum 750
FOIR Preferably below 30% to 50% Preferably below 30% to 50%

Fulfilling all the eligible parameters is essential to qualify for this Education Loan in India. Being a secured loan, it also requires a residential property, commercial property or a plot of land owned by the borrower as collateral against the credit.

Along with eligibility and mortgage, submission of certain documents is also essential to process the Loan Against Property for Higher Education.

What are the Documents Needed to Submit

If you are a salaried applicant, provide the following documents –

  • Proof of address
  • Aadhaar Card/ PAN Card
  • Last 3 month's bank statements
  • Recent salary slips
  • IT Returns
  • Relevant property documents

For a self-employed professional or non-professional, the following criteria are applicable.

  • Proof of address
  • PAN Card/Aadhaar Card
  • Bank statements of the last 6 months
  • Relevant property documents

Apart from those mentioned above, other documents may be needed to process your Higher Education Loan. Keep all the required papers updated and ready for fast processing within 4 days.

Eligible borrowers can avail reasonable property interest rates and other charges from Bajaj Finserv. Apply for the Education Loan on Property to avail the best education in India or overseas, and achieve your academic goals successfully.