Key takeaways
A loan app for students can help eligible borrowers manage education-related expenses not covered by an education loan. With the Bajaj Finance app, eligible customers can apply for an Insta Personal Loan ranging from Rs. 40,000-Rs. 15,50,000, choose a repayment tenure of 12 months to 96 months, and receive funds in 30 minutes*, subject to eligibility.
- Bajaj Finance offers Insta Personal Loans from Rs. 40,000-Rs. 15,50,000, helping eligible borrowers cover tuition fees, accommodation, books, travel, and other education-related expenses.
- Eligible applicants can choose a repayment tenure of 12 months to 96 months, allowing them to select an EMI that suits their repayment capacity.
- The Bajaj Finance app provides a simple digital application process with minimal documentation for eligible customers and supports quick loan processing.
- Eligible customers may receive loan disbursal in 30 minutes* after approval, helping meet urgent education-related financial requirements.
- Borrowers should review interest rates, applicable charges, eligibility criteria, and repayment obligations before applying to make an informed borrowing decision.
Before applying, use the Insta Personal Loan EMI Calculator to estimate your monthly instalments and choose a repayment plan that fits your budget.
While education loans mainly cover tuition fees, other costs like accommodation, books, travel, and daily expenses may need extra financial support. In such cases, using a personal loan app can be a convenient option for eligible individuals. A trusted app, such as the Bajaj Finance app, allows users to apply for an Insta Personal Loan through a simple application process. The app supports a smooth application experience and timely fund transfer, helping customers manage urgent financial needs when required.
What is an education loan?
An education loan is a funding option created to support students with higher education expenses such as tuition fees, study materials, accommodation, and daily living costs. Today, many learners prefer using a student loan app for quick and convenient access to funds. These loan apps for students offer flexible repayment options and faster processing, helping manage education-related expenses efficiently. By using digital loan solutions, students can reduce financial pressure and stay focused on their academic goals without constant money-related worries.
Benefits of using student loan app
A student loan app offers two key benefits: convenient digital access to funds and flexible repayment options. With the Bajaj Finance app, eligible customers can apply for an Insta Personal Loan ranging from Rs. 40,000-Rs. 15,50,000, with disbursal in 30 minutes* and repayment tenures from 12 months to 96 months.
- Access Insta Personal Loans from Rs. 40,000-Rs. 15,50,000 to help manage education-related expenses.
- Eligible customers may receive loan disbursal in 30 minutes* after approval, helping meet urgent funding requirements.
- Choose a repayment tenure from 12 months to 96 months to select an EMI that suits your budget.
- Apply through the Bajaj Finance app with minimal documentation and a simple digital application process for eligible customers.
- Benefit from a collateral-free personal loan, making it easier to arrange funds without pledging assets.
Before applying, review your eligibility, loan amount, repayment tenure, and applicable charges to choose a borrowing option that suits your financial needs.
Who should opt for a student loan?
The best loan app for students is suitable for eligible applicants pursuing higher education, professional or vocational courses in India who need financial support for tuition fees, accommodation, books, travel, or other education-related expenses. Applicants must meet the lender's eligibility criteria before applying.
- Students enrolling in undergraduate, postgraduate, diploma, or certification programmes.
- Individuals pursuing professional or vocational courses that require education-related funding.
- Borrowers who need help covering tuition fees, hostel or accommodation costs, books, study materials, travel, or other academic expenses.
- Students looking for a simple online application process and convenient access to funds, subject to eligibility and lender approval.
- Applicants should compare available options and review the lender's eligibility requirements before applying.
What is the eligibility to apply via a student loan app?
Applying for an Insta Personal Loan online is simple. However, your eligibility depends on factors such as your existing relationship with Bajaj Finance, your financial profile, and other applicable criteria. Existing customers may receive pre-approved offers with minimal or no documentation, while new customers can check their eligibility and submit the required documents to complete the application process.
If you are an existing customer
As an existing customer, your pre-assigned loan limit needs no additional eligibility check.
Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, bank statement etc.
If you are a new customer
New customers with an Insta Personal Loan offer may need to go through a CIBIL check and provide a few documents such as income proof, KYC documents, bank statements, etc.
If you don’t see an offer
If you do not see an Insta Loan offer or need a higher loan amount than the pre-assigned limit, you have the option to go through our regular online application process that takes approximately 5 minutes.
Documents required for a student loan app
Documentation requirements for a Bajaj Finance Insta Personal Loan are minimal. Five document categories are required at the time of application:
Document Category | Accepted Options |
KYC proof | Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card |
Identity proof | PAN card, Real-time image / photograph |
Employment proof | Employee ID card, Letter of Allotment of Accommodation Issued by Employer |
Income proof | Salary slips — last 3 months, Bank account statements — last 3 months |
Others | Pension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt |
Interest rates and other charges on personal loan
When using an app for student loan, interest rates for a Bajaj Finance Insta Personal Loan start from 16% per annum and may vary based on factors such as the applicant's credit profile, loan amount, repayment tenure, and eligibility.
Charge Type | Details | Notes |
Interest rate | Starting from 16% and 30.5% p.a. | Final rate depends on the applicant's eligibility and credit assessment. |
Processing fee | Applicable as per lender's terms | Charged at the time of loan processing. |
Late payment charges | Applicable on overdue EMIs | Levied if EMI payments are delayed. |
Prepayment/Foreclosure charges | Applicable as per loan type and lender's policy | Charges may vary depending on the loan product and repayment terms. |
Before applying through an app for student loan, review all applicable interest rates and charges to understand the total borrowing cost and make an informed decision.
How to apply for student loan through app?
A step-by-step guide to using the Bajaj Finance personal loan app:
- Install the Bajaj Finance App
Download the Bajaj Finance app from the Google Play Store for Android users or the Apple App Store for iOS users. - Access the personal loan section
Locate the personal loan section within the app interface. - Select loan amount and tenure
After confirming your eligibility, the quick loan app will guide you through choosing the loan amount and repayment period that aligns with your requirements. Use our Insta Personal Loan EMI Calculator to determine your EMI amount and assess whether it fits your repayment budget. - Provide necessary documents
The app may prompt you to upload essential documents such as proof of income, identification, and address. Depending on your profile, select customers may not be required to submit any paperwork. - Review and submit your application
Carefully review all the provided information and proceed to submit your application. A representative will then reach out to you to help you with the further process.
Do students with no income qualify for student loans?
Students with no income may face challenges when seeking student loans. For borrowing any loan, income is a requirement, private lenders often demand proof of income or a co-signer. If you're exploring options through a student loan app or an app for student loan, be aware that many private loans require financial documentation.
Download the best student loan app: Get started now
Start your application by downloading our urgent loan app for students today and get quick access to funds when you need them most. This instant loan app for students offers a smooth and hassle-free experience with simple eligibility and fast approvals. Whether it’s for education-related costs, books, or daily expenses, the app helps you manage urgent financial needs without lengthy paperwork or delays.
In conclusion, when you need money quickly, a personal loan app can provide the financial assistance you need.
Download the Bajaj Finance App
*Terms and conditions apply.
