Features and benefits
Be it flight tickets, tuition fees, or living expenses, fund your child’s higher education conveniently and affordably with the Bajaj Finserv Loan Against Property for education. To find more about the features and benefits, read on.
-
Reasonable rate of interest
Bajaj Finserv offers applicants an affordable home loan option to fit their finances. Empower your children to study abroad with Bajaj FinServ’s education loan.
-
Swift disbursal
No more long waits for loan amounts with Bajaj Finserv. Find your sanction amount in your bank account in just 72* hours from approval.
-
High-funding sanction amount
Bajaj Finserv provides loan amounts as much as Rs. 5 Crore* to eligible candidates and even more, to boost your home buying journeys.
-
5000+ project approved
Find over 5000+ choices in approved projects and enjoy better home loan terms from Bajaj Finserv.
-
External benchmark linked loans
By opting for the Bajaj Finserv Home Loan linked to an external benchmark, applicants can enjoy reduced EMIs along with favourable market conditions.
-
Digital monitoring and minimal documents
Now keep a close eye on all your loan developments and EMI schedules through the Bajaj Finserv online platform. Our approval process is simple, requiring only the basic paperwork with doorstep service for added convivence.
-
Repay in up to 18 years*
Our loan against property for education makes repayment stress-free giving you your choice of tenor.
-
Zero contact loans
Experience a truly remote home loan application from anywhere in India by applying Bajaj Finserv online home loans and getting an easy approval.
-
Flexi benefits
Borrow as you go from your loan limit and pay interest solely on the amount utilised with our Flexi loans.
-
Loan subsidies
Avail of the loan subsidies offered under the PMAY scheme, with Bajaj Finserv. Approach us for updated terms and best home loan deals.
Address the increasing costs of education, both in India and abroad, without compromise or delay with our loan against property for education. Use the funds for any education-related purpose such as tuition fees, accommodation, travel, course material, etc.
By opting for the Bajaj Finserv Loan Against Property for Education you can benefit from a high-value loan at competitive interest rates. Salaried persons can obtain a loan up to Rs. 1 crore while self-employed individuals can borrow up to Rs. 5 Crore*.
With easy tools like the loan against property eligibility calculator and loan against property EMI calculator, you can check if you are eligible for the loan and plan repayment hassle-free. With a simple online application and basic paperwork, you can get the funds you need to meet urgent education expenses in just 72 hours* from approval.
Eligibility criteria for availing Loan Against Property for education loan
Our loan against property eligibility parameter is simple so you can get the mortgage loan to finance education with ease.
-
Age
28 to 58 (for salaried individuals) or 25 years to 70 years (for self-employed individuals)
-
Employment
Salaried employee of any private, public or multinational organization or self-employed individual.
-
Owning property in one of the following locations
Delhi & NCR, Mumbai & MMR, Chennai, Hyderabad, Bangalore, Pune, Ahmedabad (for salaried individuals) or in Bangalore, Indore, Nagpur, Vijayawada, Pune, Chennai, Madurai, Surat, Delhi & NCR, Lucknow, Hyderabad, Cochin, Mumbai, Jaipur, Ahmedabad (for self-employed individuals)
-
Nationality
Resident of India
Fees and charges for loan against property
Here is a list of the loan against property rates and charges
- Loan Against Property = BFL- SAL FRR* – Margin = 10.10% to 11.50% *BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for Salaried customers) – 13.25%
- Loan Against Property = BFL- SE FRR* – Margin = 10.50% to 14.50% *BFL-SAL FRR (Bajaj Finance Limited Floating Reference Rate for Self Employed customers) – 13.30%
How to apply for loan against property for education
Here is a guide to apply for our property loan for education.
- 1 Visit our application form online
- 2 Submit your personal and property details
- 3 Enter income data for the best offer
Additional read: What is loan against property for education
*Terms and conditions apply
