Why use a Bajaj Finserv Personal Loan for studying abroad

Read on to understand how opting for a personal loan for abroad studies can be beneficial.
Why use a Bajaj Finserv Personal Loan for studying abroad
5 min read
17 Mar 2023

Studying abroad can be an enriching experience for students, but it can also be an expensive one. Getting degrees from top universities is no longer a luxury but a requirement. However, with the increasing cost of education, pursuing a degree from a foreign university can be quite heavy on expenses. Personal loans can be a great way to finance your education in such situations.

Let us discuss the reasons why a Bajaj Finserv Personal Loan is beneficial to finance your higher studies:

• No collateral

Bajaj Finserv Personal loans are unsecured and the borrower does not have to offer any collateral, like a house or jewelry to borrow funds. In fact, customers are not required to provide a guarantor either.

• High loan amount

Getting a Bajaj Finserv Personal Loan to pay for your studies abroad is beneficial because of the high loan value on offer. A larger loan amount can give borrowers more financial flexibility to cover all the costs associated with the program. The loan amount with which you can cover your studies abroad, can range up to Rs. 40 lakh. In addition, Bajaj Finance provides speedy loan disbursement, allowing you to obtain the necessary funds within 24 hours*.

• Flexible tenures

While paying for your studies abroad, choosing a personal loan with a longer tenure might be beneficial. You can adjust your payback schedule that fits your financial goals. This can be the best choice for those who wish to enjoy greater freedom and flexibility based on the repayment capacity. With Bajaj Finserv, you get the flexible tenure options that range between 6 months to 96 months.

• Rapid disbursal

Admissions to colleges and other educational institutions move quickly. After being accepted, you have a brief window of time in which you must deposit the necessary fees for the year. This is where a Bajaj Finserv Personal Loan can help you by disbursing the loan amount quickly. You will receive the funds in your bank account within 24 hours* of the loan being accepted.

• Minimal documentation

Our personal loan application procedure is straightforward and easy. We only require the following documentation to process your personal loan application:

Our personal loan application procedure is straightforward and easy. We only require the following personal loan documents to process your personal loan application:

Documents required:

  1. KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID
  2. Employee ID card
  3. Salary slips of the last 3 months
  4. Bank account statements of the previous 3 months

*Terms and conditions apply.

Bajaj Finance Limited also brings you Flexi Loan facilities for personal loans. Flexi Loans allow you to withdraw funds from your sanctioned loan limit and easily prepay when you have the additional funds. These variants are specifically made for you to meet the needs of today's unexpected lifestyle.

With many other attractive features and a plethora of benefits being offered, it is hard to look elsewhere when you have this loan to fall back on. Get a Bajaj Finance Personal Loan with minimal documentation and easily cover your higher education expenses into easy EMIs.

Apply now


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*Terms and conditions apply