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Finance Peer Education Loan

Here are a few factors

How To Apply
Product Rating

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LocationPAN India
Focus AreaAll Type of Domestic Education
Loan Amount10K to 20 Lac
Loan Tenure3M to 36 M
Loan ProcessingOnline
Loan TAT24 Hr to 48 Hr
Rate of Interest10.50% to 11.25%
ROI TypeFixed
Processing Fees1% 
Foreclosure ChargesAfter 6 Month 0%
Co-Borrower RequiredYes
Age

Student Age: No Need to check

Co-Borrower Age: 21 Yr to 58 Yr

CIBIL ScoreCo-Borrower: 650+
Moratorium PeriodNo Moratorium 
Part Payment AllowedYes
USP

1. Funding to all Domestic Education whether Nursery, Diploma, Graduation, Post Graduation etc.

2. Co-Borrower May be any close relative.


Finance Peer Education Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %7 %
Tenure (months)12
Emi (monthly)₹ 8,653
Total Interest₹ 3,832
Loan Amount + Interest₹ 103,832
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 57,487₹ 3,084₹ 60,571₹ 42,51357.49 %
Jun₹ 8,070₹ 583₹ 8,653₹ 91,9308.07 %
Jul₹ 8,117₹ 536₹ 8,653₹ 83,81316.19 %
Aug₹ 8,164₹ 489₹ 8,653₹ 75,64924.35 %
Sep₹ 8,212₹ 441₹ 8,653₹ 67,43732.56 %
Oct₹ 8,260₹ 393₹ 8,653₹ 59,17740.82 %
Nov₹ 8,308₹ 345₹ 8,653₹ 50,86949.13 %
Dec₹ 8,356₹ 297₹ 8,653₹ 42,51357.49 %
₹ 42,518₹ 747₹ 43,265₹ 0100.01 %
Jan₹ 8,405₹ 248₹ 8,653₹ 34,10865.89 %
Feb₹ 8,454₹ 199₹ 8,653₹ 25,65474.35 %
Mar₹ 8,503₹ 150₹ 8,653₹ 17,15182.85 %
Apr₹ 8,553₹ 100₹ 8,653₹ 8,59891.40 %
May₹ 8,603₹ 50₹ 8,653₹ 0100.01 %
Work Process

Start with Finance Peer Education Loan in few steps

If you are planning to apply for a Education loan at Finance Peer Bank there are certain details that you should be aware of, Let’s discuss

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Documents and Eligibility Required for Finance Peer Education Loan

Eligibility

  • Age of student (Year) - There is No Age Limit.
  • Age of co-borrower (Year) - Age must be 21-58.
  • Who can be the co-borrower - Anyone.
  • Who will pay the EMI - Co-Borrower is responsible to pay EMI.

List of common documents:

Co-Borrower KYC

Fee Structure of School with Account Detail

Month Banking

Student KYC

Live Selfie of Student & Co-Borrower

Additional documents

For salaried

  • 3 Month Salary slip
  • 3-Month Salary Slip

Thus, to conclude in one line, Finance Peer provides quick, easy and hassle-free education loans for higher studies. Indeed Finance Peer help the students to achieve their dreams and accomplish their goals

About Finance Peer Bank Education Loan

An education loan is a kind of Borrowings meant for pursuing higher education. It is intended for those who do not have sufficient finances for their studies. It basically covers the cost of tuition, living expenses, books, and other necessary supplies required till the persuasion period.

Finance Peer helps in the payment of student’s entire fees and repayment of the requested amount in easy and quick installment method. With the help of Finance Peer, the burden on parents is reduced by a greater extent, and right to education to given to every individual. Indeed getting an education loan is the best way to move forward towards your dream career and for that Finance Peer is the best option.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

It is quite easy to pay fees with Financepeer. You need to create a straightforward, three-step application. Without any manual assistance, every process is entirely digital. The application typically takes less than 10 minutes to complete.

On Finance Peer, applying an education loan is quite easy. All you have to do is submit an application using their site. The entire procedure can be finished in about ten minutes and is entirely digital. They require between 24 and 48 hours to deposit the funds in your institute's account after the application is complete.

Compared to typical education loans, Finance Peer offers four key advantages: zero or low interest rates, a fully digital process, no processing costs, and no prepayment penalties. Along with many exciting offers and discounts, they also provide 10% cashback.

Finance peer converts the entire student fees into zero-cost EMIs. And the students are allowed to pay those loans back in just 3 to 36 EMIs.

Once you pay all the outstanding EMIs of your Education Loan, you can terminate your account from Finance peer by sending an email to “support@financepeer.com.”

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

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