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How Bajaj Finserv’s Flexi Hybrid Loan Against Property is the best way to finance your child’s higher education

  • Highlights

  • Pay only the interest component of EMIs

  • Interest charged only on the amount utilised

  • Flexible tenor to ease repayment

Education, especially higher education, is one domain that has witnessed the highest inflation rate over the years. A two-year PGP in management course in IIM-A costing Rs.4.3 lakh in 2007 now costs Rs.22 lakh. A study by the Assocham Social Development Foundation in 2016 found 70% of parents spending close to 40% of their salaries on their children’s education. The study also found tuition and other miscellaneous costs to have doubled in the past 10 years.

While the high cost of education has bolstered the demand for education loans across the country, Bajaj Finserv’s Flexi Hybrid Loan Against Property not only gives you the funds for higher education of your child but also easily manage the EMIs without dipping into your savings.

Read on to know how Bajaj Finserv’s Flexi Hybrid Loan Against Property helps you finance your child’s dream education. The Interest Rates on Loan Against Property are quite low in comparison to other loan available.

1. A high loan amount

Higher education is expensive and going by an inflation rate of even 10%, a course that costs Rs.4 lakh today will cost Rs.17 lakh eight years down the line. While this is just the tuition fees, other associated costs such as hostel fees, expenses on foods and books, etc. can easily add up to a few more lakhs. Bajaj Finserv’s Flexi Hybrid Loan Against Property gives you a high loan amount to meet these high costs.

The loan amount for salaried individual can go up to Rs.1 crore, while for the self-employed it can go up to Rs.3.5 crore. This high amount can take care of the primary and secondary expenses related to your child’s higher education.

2. Low EMIs

Interest-only EMIs is another unique feature of Bajaj Finserv’s Flexi Hybrid Loan Against Property. Generally, in education and other loans the EMIs consist of the principal and interest component. However, Bajaj Finserv’s Flexi Hybrid Loan Against Property, allows you to pay only the interest component of the EMIs.

Additional Read: Pay lower EMIs with Bajaj Finserv Flexi Hybrid Loan Against Property

This not only reduces the EMI amount but also helps you better manage your finances and ensure you are well on-track to address crucial life goals. Also, you are charged interest only on the funds utilised from the approved loan limit and not on the entire amount. This further brings down the EMIs.

3. Flexible tenor for loan repayment

Bajaj Finserv’s Flexi Hybrid Loan Against Property offers flexible tenor that aids in easy loan repayment. If you are a salaried individual you can opt for a tenor up to 20 years for loan repayment. On the other hand, if you are self-employed, you get a tenor up to 18 years for repaying the loan. The flexibility in tenor helps you to analyse the various needs of your family at different life stages and choose a time whereby you can comfortably pay off the loan without default.

Additional Read: How To Apply For A Loan Against Property

Additionally, the loan disbursal requires minimum documentation and the entire process is completed within 72 hours.

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The material contained in this site and on associated web pages is general information and it is not intended to be advice on any particular matter. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. The decision with respect to any financial product or opportunity or nature or suitability or choice or the viability of any product or service shall always be sole responsibility and decision of the subscriber and user.


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