2 min read
25 May 2021

When it comes to your children’s education, it is understandable that you want to offer them only the best. And so, money shouldn’t be the deciding factor when you are selecting a course or college for your higher education. Take a loan against property for doctors from Bajaj Finserv and ensure that you can easily finance their education. Whether it is an MBA or law degree, whether they want to study in India or Australia, you can pay for tuition, accommodation and other educational needs with the ample amount that this loan offers. Take a look at why this offering from Bajaj Finserv is your best bet when it comes to paying for higher education:

Get a high loan amount to meet education costs and allied needs

A high loan amount of up to Rs. 10.50 crore* will help you finance all kinds of education expenses including stay, equipment such as a laptop, books, tuition fees, travel fare, living expenses and more. By pledging your property, you can avail a loan of a high amount in accordance with the value of your property and have complete discretion when it comes to how you use it.

This is what makes such loans score over regular education loans as they just cater to tuition fees.

Get funds quickly

Time is of essence, especially when you have to meet fee deadlines. Keeping this in mind, Bajaj Finserv’s Loan Against Property offers funds quickly. You can make use of the simple online application process to apply and submit minimal documentation. As a result, you can get loan approval in just 72 hours*.

Besides, the funds are disbursed directly to your account, so you don’t have to wait to collect and encash a cheque. Hence, this process gives you funds in the shortest possible time span.

Use funds flexibly

Choosing Bajaj Finserv’s Loan Against Property gives you other benefits in the form of its Flexi loan facility. Here, you can borrow funds as and when you need them from a total Flexi loan amount. More importantly, you only have to pay interest on what you use and not the total amount. In an instance where your loan amount is Rs. 80 lakh but you have only used Rs. 50 lakh, you will only have to pay interest on Rs. 50 lakh. The balance of Rs. 30 lakh will be interest-free until you use it. You also have the freedom to borrow, repay and redraw funds as many times as you want to during the tenor.This will help you pay for educational expenses that may differ from year to year.

Make the most of flexible repayment terms

Bajaj Finserv gives you a lengthy window of up to 15 years* to repay this loan. This ensures that you can clear the high loan amount per your convenience. Besides, there are no charges on part prepayments. So, if you run into surplus income, you can use it to repay a portion of your loan. This will lower your outstanding loan amount and also lower the value of the balance EMIs. Also, when you pick the Flexi loan option, you can choose to pay EMIs comprising only interest and repay the principal at the end of the tenor.

Online loan management

Not only can you apply for the loan online, you can also manage it online with ease. By logging on to the customer portal with your unique ID and password, you can access loan details, view statements and outstanding balances without making a trip to a branch or speaking to a customer service executive. You can also make a fresh request for funds online when you opt for the Flexi loan facility. The portal makes it easy for you to track your loan per your convenience. With a high loan amount, flexible tenor and convenient repayment terms, it is easy to see how Bajaj Finserv’s Loan Against Property is the best way to finance higher education.

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*Terms and conditions apply