Creating Futures
Education Loan

Overview

Education plays a crucial role, with India being one of the youngest nations globally, with 54% of the total population below 25 years of age. These young minds need to be both educated and employable for the country to be successful, and hence Findestination helps to provide education loans to youngsters to fulfill their dreams. As a leading loan consultant in India, we help students find the perfect financial solution to get what they deserve.

Features & Our Assistance

  • Education pans for studies both in India and Abroad starting from Rs. 50,000
  • Attractive Interest Rates
  • Simple Documentation
  • Quick Loan Disbursal
  • Tax Benefit u/s 80(E)

Documents Required

Duly filled application
KYC documents
Bank statement/pass book of last 6 months
Address Proof Pan Card, Aadhar Card, Electricity bill
Copy of admission letter of the Institute along with Fees schedule
Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses

FAQs

As the name suggests, an education loan is an amount you can borrow from banks/financial institutions towards paying for your academic fees. You can avail this loan for higher education or specialized courses located in India or abroad.
Banks/financial institutions consider the student’s parent(s) or guardian as a co-applicant of the student loan. Therefore, their role would be, necessarily, like the primary debtor.
You can avail a maximum of 40 lakhs towards an unsecured loan, while a secured loan has no set upper limit.
  • The applicant and co-applicant should be over 18 years of age and a citizen of India
  • The student needs to have secured at least 50% marks during H.S.C. and graduation
  • Secured admission in India or abroad from a recognized college/institution
  • The co-applicant should have a regular source of income
The following need to be submitted
  • Income statements (Salary slip, Form 16, Income-Tax Returns of the last two years, and Computation of income of last two years certified by a Chartered Accountant)
  • Bank Statement/Pass Book of the last six months
  • Copy of the admission letter of the Institute along with the ‘fee schedule.’
  • Mark sheets and/or pass certificates of S.S.C., H.S.C., Degree Courses, National level entrance test
  • Age proof (birth certificate, passport, Aadhaar, P.A.N. card, driving license)
  • Address proof (Aadhaar, passport, latest electricity bill, latest telephone bill, ration card, existing house lease agreement, bank account statement)
  • Photo identification proofs (Aadhaar, voter id, P.A.N. card, passport, driving license)
  • Passport size photos of the applicant and co-applicants
  • Guarantor form (optional)