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Eduwanse Education Loan
Eduwanse education loan streamlines and personalizes the process for each student irrespective of the destination, institution, course, or level of study.
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Eduwanse Education Loan
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Eduwanse Education LoanHere are a few factors
| Location | PAN India |
| Focus Area | Under Graduate Education (Nursery to 12th) |
| Loan Amount & Loan Tenure | 20000 to 20 Lac (6 Month to 60 Month) |
| Loan TAT & Processing | 3 to 7 Days (Online) |
| Rate of Interest & Type | 15% to 25% (Flexible) |
| Processing Fees | 1% to 2% |
| Foreclosure Charges | After 6 Month 2-2.5% |
| Co-Borrower Required | Yes |
| Applicant Age | Student Age- Not Checked Co-Borrower-21 Year to 67 Year |
| CIBIL Score | Co-Borrower CIBIL-645+ |
| Whether Collateral Security Required | No |
| Moratorium Period Allowed | No |
| Part Payment Allowed | Yes |
| Who Pay EMI | Co-Borrower |
| USP |
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Eduwanse Education Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 15 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,026 |
| Total Interest | ₹ 8,310 |
| Loan Amount + Interest | ₹ 108,310 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,621 | ₹ 3,457 | ₹ 27,078 | ₹ 76,379 | 23.62 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,381 | ₹ 4,853 | ₹ 81,234 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for Eduwanse Education Loan
Salaried Co-Borrower
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KYC of Student
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KYC of Co-Borrower
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Last 3 Month Salary Slip of Co-Borrower
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Last 2 year form 16/ITR with computation of Co-Borrower
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Last 12 month Bank Statement of Co-Borrower
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Admission letter of student (if received)
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Course Fees details on School/College Letter head
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rented
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10th & 12th Marksheet of Student if applicable
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Course Fees detail on Scholl/College letter head
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Copy of sanction letter of all running loan
Self Employed Co-Borrower
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KYC of Student
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KYC of Co-Borrower
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Last 2 year ITR with computation of Co-Borrower
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Last 2 Year Balance sheet of Co-Borrower if available
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Last 12 month Bank Statement of Co-Borrower
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Admission letter of student (if received)
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Course Fees details on School/College Letter head
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rented
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10th & 12th Marksheet of Student if applicable
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Course Fees detail on Scholl/College letter head
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Copy of sanction letter of all running loan
About Eduwanse Bank Education Loan
An Education Loan, also known as the student loan, is an amount you can borrow from Banks and financial institutions to pay your academic fees. These are generally sought for higher education and/, or specialized courses in esteemed institutes located overseas or domestically. Many banks and NBFCs in India offer education loans at competitive rates to help educate aspiring students.
Eduwanse streamlines and personalizes the process for each student irrespective of the destination, institution, course, or level of study. Eduwanse’s team of experienced professionals provides individual attention and exceptional guidance throughout the application process. Moreover, Eduwanse eases the task of availing of loans with a seamless approval process.
Start with Eduwanse Education Loan in few steps
If you are planning to apply for a Education loan at Eduwanse Bank there are certain details that you should be aware of, Let’s discuss
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, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
All UGC-recognized courses in India and all regular courses taken abroad are eligible for an education loan. Each lender has a list of the colleges and programmes that they would lend money towards, whether they are in India or abroad.
Yes, a co-applicant is necessary for all full-time programs. A parent/guardian or spouse can also act as a co-applicant (if-married).
In the case of a married application, parents or guardians, and the applicant's spouse can be a co-borrower. To increase the applicant's chances of approval, the co-borrower should have a stable income source and a strong credit history.
The PF is around 1% & foreclosure is 2-2.5% after 6 months which is applicable on the eduwanse education loan.
The minimum age of the borrower for getting an Eduwanse education loan is 21.
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