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Finance Peer Education Loan
Finance Peer helps in the payment of students’ entire fees and repayment of the requested amount in an easy and quick installment method.
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Finance Peer Education Loan
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Finance Peer Education LoanHere are a few factors
| Location | PAN India |
| Focus Area | All Type of Domestic Education |
| Loan Amount | 10K to 20 Lac |
| Loan Tenure | 3M to 36 M |
| Loan Processing | Online |
| Loan TAT | 24 Hr to 48 Hr |
| Rate of Interest | 10.50% to 11.50% |
| ROI Type | Fixed |
| Processing Fees | 1% |
| Foreclosure Charges | After 6 Month 0% |
| Co-Borrower Required | Yes |
| Age | Student Age: No Need to check Co-Borrower Age: 21 Yr to 58 Yr |
| CIBIL Score | Co-Borrower: 650+ |
| Moratorium Period | No Moratorium |
| Part Payment Allowed | Yes |
| 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
| Loan Amount | ₹100,000 |
| Interest % | 7 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,653 |
| Total Interest | ₹ 3,832 |
| Loan Amount + Interest | ₹ 103,832 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,351 | ₹ 1,608 | ₹ 25,959 | ₹ 75,649 | 24.35 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,654 | ₹ 2,223 | ₹ 77,877 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Finance Peer 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 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.
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
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
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 “[email protected].”
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