How To Take An Education Loan For Studying Abroad?

Pursuing higher education is a costly affair in the present day, especially when applying overseas. Apart from the course fee, parents need to bear the child’s cost of living, airfare, medical and other miscellaneous expenses.

In the USA, the total annual expenditure, including the cost of living and tuition fees, can go up to Rs. 35 Lakh while the same in the UK or Australia may stand around Rs. 25 Lakh. A Bajaj Finserv Education Loan for abroad studies can provide adequate funding to meet these expenses effortlessly.

You need to fulfil a few eligibility criteria to take this Study Loan for abroad. These include:

Self-employed Salaried
Lower and upper age limit 25 and 70 years 33 and 58 years
Nationality ndian, residing in the country Indian, living in the country
CIBIL score Preferably 750 or above Preferably 750 or above

Once you meet the eligibility criteria, keep every document required for the Education Loan updated and handy.

Salaried applicants must provide:

  • KYC documents.
  • Property documents.
  • Last 3 months’ bank account statements.
  • IT returns.
  • Latest salary slips.

Self-employed applicants must provide:

  • KYC documents.
  • Papers of the property to be mortgaged.
  • Last 6 months’ bank statements.

Besides these, you may have to submit other documents if necessary to avail the Education Loan for abroad studies.

Education Loan on Property Schemes

Student Loan Schemes
Vidyalakshmi Scheme
Padho Pradesh Scheme

How to Apply for Education Loan on Property?

Bajaj Finserv offers a simple online application process to apply for Education Loan Against Property. You only need to fill up the online application form, receive an approval within 48 hours and hand over the documents to our representative.

Once done, you can get the funds disbursed within 4 days of approval. Know all the education loan scheme details carefully and avail the funds to finance your child’s academic career without any worries.