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 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 Choose:

• Vidyalakshmi Scheme
  Through the Vidyalakshmi education loan scheme, the government aims to help all students from lower income or middle-class families to 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 to study 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 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 studies in technical or professional courses with this interest subsidy scheme, designed for economically weaker sections of society.

Alternatively, if you are falling short of finance to fund your own or your child’s overseas education, opt for Bajaj Finserv’s Loan Against Property for Education.

Features and Benefits of Loan Against Property for Education

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

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  Requires minimal documentation

  You need minimal paperwork to avail a loan against property for education from Bajaj Finserv. Document collection is made easier with our doorstep service, as well.

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  Gets you a high sanction

  Fund your child’s education at their preferred college or university with a high loan amount against your property’s value.

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  Comes with a long repayment tenor

  Get a repayment tenor of up to 20 years when you apply for this loan. Opt to prepay in full, or part-prepay this loan as per your convenience, at minimal charges. Use the Loan Against Property EMI Calculator to know your monthly outgo beforehand.

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  Gives the benefit of a high-value top-up loan with balance transfer facility

  Transfer the outstanding balance of your current mortgage loan and enjoy a comparatively lower rate of interest with Bajaj Finserv. Also, avail a top-up loan of a 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.

Get hassle-free approval on your application for a education loan on property by meeting the minimal documentation and easy mortgage loan eligibility requirements.

Be it any education loan, you can always look for an education loan repayment scheme to reduce the financial burden of EMIs. Reach out to Bajaj Finserv for your educational financing needs and get flexible payment options.