Get money in bank in just 4 days* with a Loan Against Property.
Apply nowAlternatively, 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.
Availing this loan is affordable and convenient for the following reasons:
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.
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.
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.
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 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 of Loan Against Property for Education 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 loan burden. Reach out to Bajaj Finserv for any educational financing needs.
Simply fill up the online application form to apply for Loan Against Property for Education from Bajaj Finserv.
You can easily apply for an education loan on property for abroad studies by fulfilling only a few documentation and eligibility requirements.
Lenders may require proof of admission, scholarship letter, foreign exchange letter, and other relevant documents as a confirmation of abroad studies during the education loan for abroad application process.
Other documents that you have to provide to apply for a study loan include –
Property documents you are mortgaging.
Aadhaar or PAN.
Proof of address documents like electricity bill, life insurance policy, municipality tax, water bill, etc.
Income tax returns.
Bank account statements – 3 months for salaried applicants and 6 months for self-employed applicants.
Latest salary slips.
Salaried individuals have to be between 33 and 58 years of age while self-employed individuals have to be between 25 and 70 years of age to become eligible for an education loan for abroad studies.
The age limit for an education loan on property differs based on your occupation or source of income, viz. –
Salaried applicants – 33 to 58 years.
Self-employed applicants – 25 to 70 years.
Salaried applicants must be employed with a public/private company or an MNC while self-employed individuals must have a regular source of income to fulfil the education loan on property eligibility.
Additionally, you have to provide a few documents to apply for a study loan –
Bank account statements for the last 3 months for salaried individuals and 6 months for self-employed.
Latest salary slips.
Aadhaar or PAN.
Address proof – Latest electricity bill, water bill, property tax receipt, etc.
Income tax returns.
Documents of the property to be mortgaged.
Apply for a secured education loan in India with a credit score around or above 750 to increase your chances of approval even more.
It is not mandatory to avail insurance for education loan on property. However, availing an insurance policy safeguards you against any unforeseen circumstances that can hinder your repayment.
Having an insurance policy in place can cover your loan repayment in case of a fatal event. In such cases, the liability of repayment will not be extended to your family. Instead, the insurance company repays the education loan in India on your behalf provided the claim satisfies the policy terms and conditions.
Often, lenders urge you to avail an insurance cover when you apply for a secured education loan. The premiums are included in the EMIs, which eliminates the need to pay them separately. However, the same will make the monthly instalments somewhat expensive.
It is advisable to have an insurance policy in place when you apply for a secured education loan.
Loan against property Definition
Loan against Property application online
Loan against Property: Eligibility & documents
Types of Loan Against Property
Why Choose Education Loan on Property
Loan against Property EMI calculator
Loan Against Property vs Education Loan
Loan Against Property Interest Rates & Charges
How to apply for Loan against Property