Education Loan on Property: Overview

From tuition fees to travelling overseas and living at a new place during the course duration, higher education requires a considerable investment which can be sufficiently met with an Education Loan.

Bajaj Finserv brings Loan Against Property for Education to fund the educational expenses of your child, whether in India or abroad. Utilise this loan amount to finance all big-ticket expenditures related to your child’s education. Get all the Education Loan details below.
 

Education Loan on Property: Features and Benefits
 

Finance your child’s expenses for higher studies like moving to a new city or country, tuition fees, activity charges, living expenses and more. Empower your children to study abroad with Bajaj Finserv’s Education Loan.
 

  • Affordable Loan of High Value

    Get a Loan Against Property for Higher Education of high value up to Rs. 1 Crore if you are a salaried individual. Avail a loan up to a maximum of Rs. 3.5 Crore if you are self-employed.

  • Hassle-Free Disbursal of Loan

    Get this Student Loan in India with a hassle-free disbursal procedure. Fulfil the eligibility criteria and furnish the documents required to get the fastest loan approval. Receive the amount in your loan account within four days from the date of approval.

  • Long and Flexible Tenure of Repayment

    Repay the Education Loan in India by choosing a tenure as per your convenience. The property loan repayment tenure can range between 2 and 20 years for a salaried individual. For self-employed borrowers, it extends to a maximum of 18 years.

  • Minimal Documentation

    Bajaj Finserv ensures your Mortgage Loan or abroad is completed with minimal documentation. Processing of this Loan Against Property is hassle-free now with doorstep document collection facility.

  • Easy and Quick Balance Transfer facility

    Initiate easy balance transfer of your existing Study Loan with Bajaj Finserv’s Balance Transfer facility. Get a high-value top-up loan with minimum documentation.

Loan Against Property for Education: Eligibility and Documents

Fulfil the simple Study Loan eligibility criteria and documentation required to avail at the earliest.

Loan Against Property for Education: Fees and Charges

Get Education Loan for MBA or any other higher study course with affordable property loan interest rates and charges from Bajaj Finserv. You can part-prepay or foreclose the loan at any time during the tenure at nominal charges.

Education Loan on Property Schemes
 

Student Loan Schemes
Vidyalakshmi Scheme
Padho Pradesh Scheme

How to Apply for Student Loan on Property?

Follow these four simple steps to apply for an Education Loan for your studies abroad from Bajaj Finserv –

Step 1

Fill up the online application form

Step 2

In the next 24 hours, our representative will reach you out

Step 3

Get your loan approved within the next 24 hours

Step 4

Follow with document submission to complete the process

Apply for Bajaj Finserv’s Education Loan on Property and enjoy maximum benefits with high-value financing.

Education Loan on Property FAQs

What Are The Requirements For Education Loan On Property?

You only have to provide some necessary documents and fulfil certain eligibility criteria to successfully apply for an education loan on property.

The education loan on property documents required are –

  • Documents of the property to be mortgaged.

  • Bank account statements for the last 3 months or 6 months as a salaried or self-employed applicant, respectively.

  • Proof of address like latest utility (electricity, telephone, post-paid mobile) bill, municipality tax, life insurance policy, etc.

  • PAN or Aadhaar.

  • Income tax returns.


Know Education loan eligibility criteria in India include –

Salaried applicants

  • Age between 33 and 58 years.

  • Employed with an MNC or private/public organisation.


Self-employed applicants

  • Age between 25 and 70 years.

  • Self-employed with a regular source of income.


Lastly, you must also hold a CIBIL score of around or above 750 to satisfy the requirements and increase your chances of availing a study loan.

How Do I Repay My Education Loan On Property?

You have to repay your education loan on property with EMIs as per the pre-specified tenure.

Make sure to use a loan EMI calculator to compute the monthly instalments to plan your education loan repayment process better. This online tool will also help you pick the right tenure.

For example, a longer tenure will make your EMIs cheaper. On the other hand, a shorter tenure may increase the EMIs but reduce the overall cost of loan.

Check whether the lender offers facilities like part-prepayment, balance transfer, and foreclosure.

Part-prepayment reduces your EMIs or tenure when you pay an amount more than one monthly instalment of your education loan in India. Balance transfer enables you to switch lenders to avail lower rate of interest. And, foreclosure lets you to repay the loan in full before the tenure ends.

You can take advantage of these facilities to ease your study loan repayment and manage it more comfortably.

How Is Education Loan On Property Disbursed?

A secured education loan procedure for disbursal can be successfully completed in the following steps

  • 1. Application – You fill the application form by providing all your essential details.

  • 2. Processing – The financial institution processes your application and approves or rejects the same.

  • 3. Document submission – In the next step in the education loan process, you submit the necessary documents after the lender approves your application.

  • 4. Sanctioning – The lender will sanction your loan and provide you a letter after verifying the documents.

  • 5. Mortgage evaluation – Representatives of the company will evaluate your property and assess its current market value.

  • 6. Loan disbursal – The lender will transfer the education loan in India to your account after successful verification and approval.


Meet the documentation and eligibility requirements easily to enjoy your loan disbursal in 4 days post approval.

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