Even today, the quality of education in India has improved sharply, however, not all students are able to get into such quality education. Despite globally recognized colleges and educational institutions in India, fees in such colleges are often unaffected for many.
To overcome this distance and make quality education available to all, many lender in India offers student education loan with competitive interest rates and easy payment options. So, if you want to go abroad for education to expand your career scope and experience your dream career, you can apply for an education loan.
Interest Rate
| Loan Limit | Maximum limit – upto 50 lacs |
| Expenses Covered | -Tuition fees – Living expenses – Passage coverage |
| Accepted co-applicant | Someone with a good credit history |
| Aditya Birla Education loan interest rate | Starts from 10.99% |
| Moratorium Period | Since it is under the personal loan category, there’s no moratorium period. |
| Repayment Duration | Upto 7 years |
| Repayment policies | EMI will start immediately after disbursement of educational loan |
- Feature of education Loan from Aditya Birla finance
- Income levels of Co-applicant
- Stability of income of co-applicant
- Relationship with lender or banker
- Category of your employer of co-applicant
- Employment status for salaried
- Business longevity for self employed
- College tier in which admission
- Credit History
How to apply education loan from Aditya Birla Finance
- Call Lob Back by Requesting Knee or Fill in the General Application Form In contact with Vemax colors
- Provide the details of all your education loan to a financial officer assigned by Call.
- After analyzing your loan details, your financial officer will indicate and connect to you with the right lender
- Choose the best lender of your interest and tell your financial officer.
- The financial officer will provide you with a checklist of customized documents for your profile, and submit them to the bank/NDER.
- Cold and relax as your financial officer will take care of your loan process, if necessary, take the Calls Follow up Calls in your free time.
- You can collect your academic loan approval letter in 7 working days.
Eligibility of education Loan
- The applicant should be citizen of India.
- You must be at least 18 years of age at the time of applying for the loan. For minors, parents can apply for a loan on their child’s behalf.
- You must have an excellent academic background.
- The college or university in which you seek admission must be a recognised one.
- The course which you wish to study must either be a professional or a technical one. Most lenders tend to offer loans for courses that have high job prospects.
Documents require for Personal Loan
| Basic Identity | -PAN Card-Aadhar Card-Passport-Driving License |
| Salaried | -6 months bank statement-Salary Slip for 3 months-Last 2 years-Form 16 of 2 years-Bank KYC documents |
| Self Employed | -Business registration certificate-GST Number-Latest 2 years ITR-Balance sheet with profit and loss account-TDS certificate-TAX challans for income declared ITR-Clearance certificate or IT assessment |