Education Loan

We brings you Education Loans for studies both in India and abroad starting from Rs. 50,000 at attractive interest rates. With our Education Loan you can enjoy a host of benefits such as simple documentation, quick loan disbursal, tax benefit u/s 80(E), long repayment tenure, etc. Find out more about the features and benefits of Student Loan in India, below.

We offer a host of benefits on education loans, including but not restricted to:

• Flexible amounts: An education loan with us can be availed for amounts starting as low as INR 50000 with no upper limit & funding up to 100% of total cost of education (including of course fees, living & travelling expenses). Depending upon one’s need and eligibility.
• Quick and Easy Disbursals: Your education loan can be disbursed within 2 days post sanction, additionally it is also be customised to credit successive advances as required by chosen institute.
• Pre-Admission Sanction Letter: This is a provisional sanction letter given to the borrower before they secure admission to a university. This letter can be used to prove financial support during the admission process and, for select countries, during the visa process as well. Students can apply for pre-admission sanction letter right after they receive GRE scores
• Re-financing: Upon loan approval you can also have any earlier installments paid towards the course re-financed
• Secure more than just your fees: An Education Loan with LoanGenie helps you cover not only the expenses towards your course fees but also those towards travel and accommodation

 The following need to be submitted along with the education loan application form:

• Income statements (Salary slip, Form 16, Income-Tax Returns of the last 2 years, and Computation of income of last 2 years certified by a Chartered Accountant)
• Bank Statement/Pass Book of the last 6 months
• Copy of the admission letter of the Institute along with the ‘fee schedule’
• Mark sheets and/or pass certificates of SSC, HSC, Degree Courses, National level entrance test
• Age proof (birth certificate, passport, Aadhaar, PAN 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, PAN card, passport, driving license)
• Passport size photos of the applicant and co-applicants
• Guarantor form (optional)