Its is Necessary to Meet Education Loan Eligibility

1
You Need To Know About Education Loan
2

• Approximately one-fifth of Indias total
  population comprises individuals between 15 to 25
  years of age.
• This demography is expected to increase by 34.33
  by the end of 2020, indicating how youths can be
  the driving force of Indias economy in the
  upcoming years.
• It is also likely to reshape the countrys
  education industry. With a growing demand for
  higher education amongst individuals of all ages,
  the education sector is expected to witness a
  significant boost in a few upcoming years.
• Thanks to the availability of convenient funding
  via education loans and supporting online tools
  such as education loan calculator, the
  fulfillment of education can catch up with its
  demand.

3
TAKE YOUR EDUCATION LOAN NOW!
4

• How To Calculate Loan EMIs With An Education Loan
  Calculator?
• Depending on three primary variables, the
  principal amount (P), repayment tenure (N), and
  rate of interest (R), it calculates the EMIs via
  a standardised formula used to calculate the
  results
• P x R x (1R)N/(1R)N-1
• Certain mortgage loan calculators even offer
  additional details at the same time, such as
  total repayment liability and total payable
  interest along with monthly EMIs. These can prove
  significantly helpful while planning a childs
  education using an education loan.

5
The first step to avail an education loan is
meeting specific education loan eligibility
criteria and submitting required documents to
support the same.

• Borrowers to submit these few documents to avail
  a loan against property for education
• KYC documents
• ID proof
• Address proof
• Admission confirmation documents
• Bank account details

6
(No Transcript)
7

• Why Use A Loan Against Property To Fund Higher
  Studies?
• High Value Loan Amount - Secured credits like
  loans against property offer a substantial loan
  amount to eligible applicants, which can be as
  much as Rs.3.5 crore.
• Competitive Rate of Interest - Another reason why
  one should choose a loan against property for
  education is that it offers competitive rates of
  interest.
• Extended Repayment Tenor - Loans against property
  are long-term debts, with repayment tenors
  ranging from 15 to 20 years depending on the
  financial institution.

8

• How Does Education Loan Help Abroad Studies?
• The expenses for higher education have
  appreciated substantially in the past few years.
  Most of the universities abroad have a steep
  course fee, which students fail to meet on their
  own. To alleviate this crisis of funds, many
  financial institutions offer education loans.
  Education and student loans assist numerous
  students each year to fund their higher studies
  outside of India. Education loan eligibility is
  usually kept simple, considering the fact that
  students are not yet financially established.
  Loans extended for education meet not only the
  tuition fees but few related expenses pertaining
  to the academics.

9
(No Transcript)
10
Thanks

• Visit Bajaj Finservs Website to check more about
  at https//www.bajajfinserv.in/education-loan-on-p
  roperty