A Wide Range of AN EDUCATION LOANTo Choose From
No matter what your need or budget is, ReferLoan has an option for everyone| Bank/NBFC Name | Rate of Interest | Processing Fee | Repayment Tenure | Apply for Loan |
|---|---|---|---|---|
| Finance Peer Education Loan | Start from 7.30% per annum. | Nil | up to 15 years. | Apply Now |
| Eduwanse Education Loan | Up to 16% p.a. | 1% & foreclosure is 2-2.5% after 6 Month | 60 Month | Apply Now |
| IDFC Bank Education Loan | starting 9% p.a.* | Depends on Loan Amount | up to 15 years. | Apply Now |
| HDFC Bank Education Loan | Up to 16% p.a. | 1% & foreclosure is 0 after 6 Month | up to 3 year | Apply Now |
Brighten Up Your Child’s Future in Just 4 Easy Steps
If your Education Loan Approval is time-consuming, it could hamper your chances of pursuing your dream course. Hence, we have made the process easy and quick for all our applicants.
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
Applying for Educational Loan Eligibility and Criteria
Resident
Applicant must be an Indian Resident
Age Creteria
Applicants must be between 18 and 35 years of age when applying for a loan.
Education
Applicants must be undergoing a graduate/postgraduate degree or a PG diploma.
Secured Admission
Applicants should have secured admission to a college or university affiliated with the University Grants Commission (UGC)/All India Council for Technical Education (AICTE)/Government etc.
Full Time Course
Full-time students must be accompanied by a co-applicant, who can be either a parent or guardian or spouse.
Co-applicant
The Co-applicant must have a regular and reliable source of income
Required Documents
KYC of an applicant consist of the following documents
PAN Card
Aadhaar Card
Driving Licence
Voter ID
Passport
Fees and Charges
Administrative fee
The administrative fee levied by lenders is split into two parts- the part charged after the loan sanction, and the part which is known as the administration fee.
Repayment Mode Related Charges
When a borrower requests their lenders to change their existing repayment mode during the loan tenure, there is usually a fee associated with it. This fee can range from Rs. 500 to Rs. 1,000 per instance (swap).
CERSAI charges
The CERSAI website is a central online security interest registry in India that allows potential lenders to check whether the pledged property is not claimed by some other lender.
