Education Loan Schemes

With the combined efforts of the Indian Government and the Ministry of Education, students can now avail finance for their higher education. Parents can also apply under the various Education Loan schemes to secure funding for their child’s education.

Financing higher education gets more accessible with the facility of education loan subsidy that reduces the burden of credit. The government also facilitates various education loan repayment support schemes through different financial institutions.
 

Different Education Loan Schemes You Can Opt For:
 

• Vidyalakshmi Scheme
  Through Vidyalakshmi education loan scheme, the government aims to help all students from the poor or middle-class families continue their higher studies without any funding constraints. Register on the Vidyalakshmi portal and apply to a maximum of three lenders at a go.
   
• Padho Pardesh Scheme
  Grab the opportunity of studying abroad with the Padho Pardesh scheme, specially designed for minorities.
   
• Dr. Ambedkar Central Sector Scheme of Interest Subsidy
  This scheme falls under the education loan interest subsidy scheme category for economically backward classes and other backward classes to help them study abroad.
   
• Central Scheme of Interest Subsidy for Education Loan
  Get this education loan interest subsidy to pursue your dream career. Finance your choice in technical or professional course with this interest subsidy scheme, designed for economically weaker sections.
   

Alternatively, if you are falling short of finance to fund your overseas education, opt for Bajaj Finserv’s Loan Against Property for Education. Mortgage your property to finance your child’s education with this easy-to-avail loan.
 

Features and Benefits of Loan Against Property for Education
 

Availing this loan is affordable and convenient for the following reasons:
 

• 

  Requires Minimal Documentation

  You need minimal paperwork to avail a Loan Against Property for Education from Bajaj Finserv. Doorstep service is another facility we offer to complete documentation.

• 

  Brings Higher Amount Of Loan

  Fund your child’s education with high loan value. Self-employed people can get a loan of up to Rs. 3.5 Crore. Salaried individuals can avail this credit for up to Rs. 1 Crore.

• 

  Comes With A Long Repayment Tenure

  Get long repayment tenure of up to 18 and 20 years for self-employed and salaried individuals respectively. Opt to prepay or part-prepay this loan as per your convenience. Use the Loan Against Property EMI Calculator to know your monthly outflows beforehand.

• 

  Avail high-value Top-up with Balance Transfer facility

  Transfer the outstanding balance of your current Loan Against Property and enjoy a comparatively lower rate of interest with Bajaj Finserv. Also, avail a Top-up Loan of high-value and finance extra expenses effortlessly.

• Even if you choose a student loan scheme offered by the government, you may opt for our Education Loan on Property to enjoy these benefits.