Personal Loan for Higher Education

Personal Loan for Higher Education

Quality education can be costly, but doesn’t have to be unaffordable. Find out how to spread your learning and costs over small instalments.

₹40,000 - ₹50 Lakh

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer and apply | Start your learning

How to use a personal loan for higher education

Pursuing higher education — whether as student or through courses — is an investment in your future. But it often comes with a long list of costs beyond just tuition: visa fees, flight bookings, living expenses, materials, and more. Here is how personal loan for education can help. With a Flexi Hybrid Term Loan from Bajaj Finance, you manage these expenses with ease. Borrow when you need funds, prepay when you can — and pay interest only on the amount you actually withdraw.

  • Visa and flights

    Check your personal loan offer with phone number and OTP → Apply online in 5 minutes.

    Heading abroad for your studies? Be prepared for application fees, visa processing charges, airfare, and documentation — all of which can quickly add up.

    Why it matters: These expenses usually need to be paid before your education loan is disbursed. A personal loan ensures you don’t miss deadlines.

  • Course fees and extra costs

    Your education loan might cover tuition, but what if you need to enrol in an extra course or switch to a more expensive program? A personal loan gives you that additional financial cushion.

    Pro tip: Choose a Flexi Hybrid Term Loan so you can withdraw funds as needed across semesters.

  • Accommodation

    Rent is just the beginning. Add to that groceries, local transport, mobile data plans, and internet — and the monthly total can be a lot more than you expected.

  • Course material, laptop, and devices

    From books and stationery to laptops, software licenses, or lab equipment — academic tools often come with a price tag.

    These purchases are unpredictable but essential. With a Flexi Loan, you can borrow only what you need, when you need it — without dipping into savings.

  • Emergency fund

    Health issues or unexpected travel can create sudden expenses. While insurance may help, it rarely covers everything.

*Terms and conditions apply.

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Features and benefits of our personal loan for higher education

Pursuing higher education — whether as student or through courses — is an investment in your future. But it often comes with a long list of costs beyond just tuition: visa fees, flight bookings, living expenses, materials, and more. Here is how personal loan for education can help. With a Flexi Hybrid Term Loan from Bajaj Finance, you manage these expenses with ease. Borrow when you need funds, prepay when you can — and pay interest only on the amount you actually withdraw.

  • 3 different loan types - Interest-only EMI option

    We have different loan types that you can choose from, based on your needs - Term Loan, Flexi Term Loan, and Flexi Hybrid Term Loan.

  • Money in your account in 24 hours*

    You will get the loan amount in your bank account within 24 hours* or, in some cases, on the same day of approval.

  • Loan of up to Rs. 55 lakh

    You can take a loan ranging from Rs. 40,000 to Rs. 55 lakh - allowing you to manage different types of expenses.

  • Long repayment period – up to 96 months.

    You can spread your repayment over 8 years, which means manageable EMIs right from the start.

  • Approval in just 5 minutes

    Complete your application online and get quick approval for your instant personal loan.

  • No part-prepayment charge on Flexi Loans

    With our Flexi Loans, you can withdraw and part-prepay at no extra charges – as many times as you want.

  • No guarantor or collateral needed

    You do not need to provide any collateral such as gold ornaments and property papers to get the loan.

*Terms and conditions apply.

These features make this one of the best personal loans in India.

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Eligibility criteria and documents for personal loan for education

Depending on your profile, you may already be eligible for a pre-approved offer. In that case, you do not have to check eligibility criteria separately.

Find out your loan offer in just two clicks. Offer or no offer, you can get our personal loan by meeting these 5 simple eligibility criteria: 

  • Nationality: Indian
  • Age: 21 years to 80 years**.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Customer profile: Self-employed or Salaried

*You should be 80 years** or younger, at the end of the loan tenure.

Depending on your offer, you may need to keep a few documents ready when applying for the loan. Know more about personal loan eligibility and documents.

How to apply for a personal loan for higher education

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will call you for the next steps. The loan amount will be transferred to your bank account after successful verification of your documents.

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Key offerings: 3 loan types

Compare loan variants

What are the uses of Personal Loan

Frequently asked questions

Overview

Application

What is the maximum amount of personal loan I can get for higher education?

With a Bajaj Finserv Personal Loan you can get funds of up to Rs. 55 lakh without having to pledge any collateral.

What is the interest rate charged on a personal loan for higher education?

Bajaj Finserv Personal Loans offer competitive interest rates which start from 10% p.a. These loans come with no hidden charges and no collateral requirement. We advise you carefully to go through our fees and charges which are mentioned on our loan documents. Also, use personal loan EMI calculator and estimate your monthly repayments in advance.

How long can I get to repay a personal loan for higher education?

The flexible repayment tenure is one of the many benefits of getting a personal loan for higher education. You can choose a flexible repayment tenure ranging from 12 months to 96 months.

How can I get a personal loan for higher education?

You can get a personal loan for higher education by following these steps.

  1. Click on ‘CHECK ELIGIBILITY’ on this page.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the offer or loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid Term.
  6. Choose the repayment tenure and click on ‘PROCEED’.

Complete your KYC and submit your application. Our representative will connect with you for the next steps.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.