With the cost of education increasing each day, most parents seek loans to meet the diverse needs sufficiently. In case of overseas education, students need additional financing as expenses are quite high. It is vital that such aspiring students know how to get education loan in India to meet these financial requirements.
Bajaj Finserv brings its exclusive Education Loan on Property with higher amounts and attractive rates of interest. Salaried borrowers can apply for this Loan Against Property and get up to Rs. 1 Crore, and self-employed borrowers can avail up to Rs. 3.5 Crore as per their eligibility.
Additionally, you can enjoy features like flexible repayment tenor from 2 to up to 20 years, easy Loan Against Property Balance Transfer facility, high-value top-up loans for extra funds, Flexi Loan facility, etc.
Manage all the expenditures related to your child’s education affordably, be it in India or abroad, with this Education Loan on Property.
The procedure of how to take Education Loan on Property is simpler with Bajaj Finserv. You can apply for this secured loan by submitting an online application form.
Follow a step-by-step process:
1. Understand the Mortgage Loan
Before everything, make sure you have a complete idea about every detail of the loan including its features, benefits and other terms and conditions. Ask your lender about the charges associated like processing fees, prepayment charges, etc. as these can increase the total cost of the loan.
The official website of Bajaj Finserv contains all the necessary information you may need.
2. Verify Your Eligibility
Meeting the mortgage eligibility criteria is mandatory to get a loan application approved. Bajaj Finserv offers easy-to-meet eligibility criteria, making the credit accessible to borrowers.
3. Keep All Essential Documents Handy
Documentation is another crucial factor to get a Student Loan smoothly. With Bajaj Finserv, you can enjoy minimal documentation with only KYC documents, salary slips, account statements, IT returns, etc. Keep those updated, and our representatives will collect the papers from your doorstep.
4. Apply Online
If you wonder about how to get a Study Loan for your education abroad, apply online from anywhere.
This is how to get Education Loan on Property from Bajaj Finserv. Before applying, you can evaluate your monthly outflow towards the loan repayment using the Loan Against Property EMI Calculator available online. Enter your preferred tenor, loan amount and the rate of interest. The online calculator automatically computes EMIs, total payable interest and total payment comprising the interest and principle amount.
Once you receive the funds, track all the details of your loan account including repayment schedule, principle, interests, etc. through Experia – the customer portal of Bajaj Finserv. Manage your account online from anywhere, 24x7 and 365 days at ease.