Product Details
education loan
Education loan is a loan offered by leading banks in India to help students achieve their academic dreams by enabling them to pay for higher studies such as graduation and post graduation courses, both in India and overseas. Apart from the tuition fees, other aspects of expenses such as hostel charges, equipment purchases and other course related expenses may also be covered by the education loan.
Going abroad for higher studies? Or there’s a course that is domestic and expensive? Whatever be your reason for higher studies, it’s understood that higher education is often very expensive, with the rising cost of education. But that shouldn’t stop you!
We, at Finkartz, understand about your career aspirations and offer the needed Student Loans, for successfully aiding your journey to higher education. Getting an Education Loan through Finkartz is an easy and simple process. We aim at providing financial support for aspiring students, for pursuing professional higher education in India and overseas.
Education Loan eligibility
| Particulars | Eligibility |
|---|---|
| Nationality | Indian |
| Age | Minimum- 18 years Maximum- 35 years |
| Academic record | Proven - good |
| Qualification | Pursuing graduate/postgraduate degree or a PG diploma. |
| Income source | Parents/Guardians |
| Income | stable |
| University applied to | Recognised – In India/Abroad |
| Admission Status | confirmed |
| Security | Tangible collateral or guarantor- depending on the loan amount and income source. |
Required Documents
Here are the mandatory documents that a student need to provide to the banks while applying for a student loan:
- Duly filled and signed application form with affixed photographs
- 2 photographs of passport size
- Copy of exam mark sheets of 10th/12th or latest education certificate
- Statement of course expenses/cost of study
- Aadhaar Card and Pan Card of the student and Parent/ Guardian
Age proof
Copy of Aadhaar Card /Voter ID/Passport/Driving License
Identity proof
Copy of Voter ID/Aadhaar Card/Driving License/Passport
Residence proof
Rental agreement/Bank statement of 6 months of the student or co-borrower/guarantor/Copy of Ration card/Gas Book/Electricity Bill/Tel Bill
Income proof
- Most recent salary slips or Form 16 of the parent/ guardian/co-borrower
- 6 months bank statement of the borrower or updated passbook of bank
- Updated ITR (Income Tax Return with income computation) of 2 years or IT assessment order of last 2 years of parent/co-borrower/guardian
- Documents stating the assets and liabilities of the parent/co-borrower/guardian
