Are you looking for a way to finance your higher education or skill development? If yes, then an education loan for professionals might be the right option for you.
What is an education loan?
An education loan is a type of loan that helps you finance your higher education or professional courses. It covers expenses such as tuition fees, hostel charges, books, equipment, travel, etc. An education loan can be availed from banks, Non-Banking Financial Companies (NBFCs), or other lending institutions.
Education loan for doctors
If you are a doctor who wants to pursue higher studies or upgrade your skills, you will need a substantial amount of money to fund your education. You may not have enough savings or assets to provide as collateral for a regular education loan. Moreover, you would not want to compromise on your practice or income while studying.
In such a scenario, you can opt for a doctor loan from Bajaj Finance. A doctor loan is a special loan designed for medical professionals who want to pursue part-time or distance education courses in India or abroad. It is an unsecured loan that does not require any collateral or co-applicant. You can get a doctor loan of up to Rs. 80 lakh with a tenure of up to 96 months.
A doctor loan from Bajaj Finance will help you finance your education without affecting your cash flow or practice. You can use it to pay for courses such as MBA, MHA, MPH, MDS, MD, MS, etc. This loan amount will also help in buying equipment, renovating your clinic, expanding your practice, or meeting any other personal or professional needs.
To apply for a doctor loan from Bajaj Finance, you need to meet the following eligibility criteria:
- Indian nationality
- Age between 22 years to 80 years*
- CIBIL Score of 685 or higher
- Medical registration: Degree to be registered with the medical council
*age should be 80 years or less at the end of your tenure.
The following documents required for an education loan for doctors:
- KYC documents such as Aadhaar card, passport, voter ID.
- PAN card
- Medical registration certificate.
You can apply for a doctor loan from Bajaj Finance online, by filling a simple form and uploading the required documents. You can also check your pre-approved offer by entering your basic details. Once your application is approved, you will get the loan amount credited to your bank account within 48 hours.
Education loan for Chartered Accountants
As a chartered accountant, you have the ambition to study further or improve your professional skills. However, you face the challenge of funding your education. You may lack sufficient savings or assets to secure a normal education loan. Besides, you may prefer to continue your practice or income while studying.
In such a situation, you can opt for a chartered accountant loan from Bajaj Finance. A chartered accountant loan is a special loan designed for CA professionals who want to pursue part-time or distance education courses in India or abroad. It is an unsecured loan that does not require any collateral or co-applicant. You can get a chartered accountant loan of up to Rs. 80 lakh with a tenure of up to 96 months.
A chartered accountant loan from Bajaj Finance can help you finance your education without affecting your cash flow or practice. You can use it to pay for courses such as MBA, CFA, CPA, ACCA, CIMA, etc. It can also help you purchase equipment, upgrade your office, grow your practice, or fulfil any other personal or professional requirements.
To apply for a chartered accountant loan from Bajaj Finance, you need to meet the following eligibility criteria:
Indian nationality
Age of 22 years to 80 years*
CIBIL Score of 685 or higher
*age should be 80 years or less at the end of your tenure.
The following documents required for an education loan for chartered accountants:
KYC documents such as Aadhaar card, passport, driving licence, etc.
Certificate of practice.
You can apply for a chartered accountant loan from Bajaj Finance online by filling a simple form and uploading the required documents. You can also check your pre-approved offer by entering your basic details. Once your application is approved, you will get the loan amount credited to your bank account within 48 hours.
Bajaj Finance understands the needs and aspirations of doctors and chartered accountants who want to enhance their education and career prospects. That is why we offer loans for medical and CA professionals who want to pursue part-time or distance education courses in India or abroad. These loans are unsecured, which means they do not require any collateral or co-applicant. They also have attractive interest rates, flexible repayment options, and tax benefits.
Benefits of an education loan for working professionals
Many working professionals aspire to pursue higher education to enhance their skills and career prospects. However, funding their education can be a challenge, especially if they have other financial obligations. This is where an education loan for working professionals can help them achieve their academic goals without compromising their savings or income.
Some of the benefits of an education loan for working professionals are:
- The borrower can repay the loan in flexible EMIs according to their convenience and cash flow. They can also prepay the loan without any penalty charges.
- The borrower can enhance their skills and qualifications with a higher degree, which can help them advance in their career and increase their earning potential.
