Education

How to obtain an education loan for an undergraduate BA degree?

How to obtain an education loan for an undergraduate BA degree?

2 min read

Good education is crucial for professional success, which is why Bajaj Finserv offers an education loan on the property of Rs. 5 crore* or more, basis eligibility. This high-value loan helps you cover all education expenses effortlessly.

If you are pursuing an undergraduate program in BA, in India or abroad, you can easily avail of this loan from Bajaj Finserv by meeting minimal eligibility criteria.

Eligibility criteria for education loan on property

Following is the eligibility criteria for both salaried and self-employed applicants

Nationality:

Resident of India, owning property in the following locations:

  1. Delhi & NCR
  2. Mumbai & MMR
  3. Chennai
  4. Hyderabad
  5. Bangalore
  6. Pune
  7. Ahmedabad
  8. Indore (for self-employed applicants)
  9. Nagpur (for self-employed applicants)
  10. Vijayawada (for self-employed applicants)
  11. Madurai (for self-employed applicants)
  12. Surat (for self-employed applicants)
  13. Lucknow (for self-employed applicants)
  14. Cochin (for self-employed applicants)

Age: 28 to 60 for salaried applicants
25 years to 70 years for self-employed applicants

Employment: Salaried employee of any private, public, or multinational organization and self-employed applicants must have a steady income from business.

Once you meet the eligibility criteria, gather the necessary documents before you apply for the loan against property. These typically include ID proof, address proof, salary slips, IT returns, documents of the property to be mortgaged, PAN and bank account statements.

Next, apply for the education loan on property online from the comfort of your home. Apart from a sanction of Rs. 5 crore*, or more, basis eligibility, Bajaj Finserv also levies nominal property interest rates and charges, and offers funds quickly, within 72 hours* of approval.

*Conditions apply

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