What Are The Eligibility Criteria For Education Loan?

An Education Loan on Property from Bajaj Finserv is designed to provide optimum financial support for your child’s education. Get access to funds up to Rs. 3.5 Crore and cover all big-ticket expenditures without any hassle.

Bajaj Finserv brings this affordable Student Loan in India against property with features such as attractive rate of interest, flexible repayment tenure, nominal associated charges, balance transfer facility, etc. To qualify for these benefits, every applicant needs to meet certain eligibility criteria as below.

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Eligibility Criteria to Avail Education Loan on Property

Both self-employed professionals/non-professionals and salaried applicants can apply for this Education Loan in India.

If you are a self-employed individual, the following criteria apply.

  • Age should be within 25 - 70 years.
  • You must have a regular income.
  • You must hold Indian citizenship and reside in any of these cities – Ahmedabad, Chennai, Mumbai, Udaipur, Delhi, Kolkata, Thane, Aurangabad Pune, Ahmedabad, Surat, Bangalore, Cochin, Vizag, Hyderabad and Indore.

If you are a salaried applicant, the following criteria apply.

  • Your age must be between 33 and 58 years.
  • You must be working at an MNC, private or public organisation.
  • You should be a residing citizen of the country.

Besides these, holding a minimum CIBIL score of 750 along with a healthy credit profile can qualify you for attractive features on Bajaj Finserv’s Study Loan.

Additionally, submit all the required documents on Loan Against Property for Education Loan such as:

  • Property documents.
  • Bank account statements.
  • Address proof.
  • Identity proof.
  • Photograph.
  • IT returns and latest salary slips (only for salaried applicants).

Apart from the documents mentioned, other papers are often required for processing the loan application. Ensure to submit those as well if needed.

Also Read: What Are The Documents Required For Education Loan?

Get all the Education Loan Scheme details and avail the best rate of interest and other benefits on customised loans for students from Bajaj Finserv.