In today's rapidly evolving professional landscape, continuous upscaling is essential for employees to stay competitive and advance in the careers.
In today's rapidly evolving job market, continuous learning and upscaling have become essential for career growth and success. Pursuing further education to acquire new skills or enhance existing ones is a smart investment in your professional development.
Funding these upscaling courses can often be a challenge. This is where a loan for education comes into play, offering a viable solution to finance educational pursuit and skill development.
Piramal finance offers personal loan for education with zero foreclosure charges and competitive interest rates.
Features and Benefits of Loan for Education
Collateral Free Loans
With Piramal Finance personal loan for Education, there's no need to provide collateral, so you do not need to worry about putting your assets at risk. This also helps streamline the loan process as it eliminates the need for lengthy paperwork and credit checks.
Quick Eligibility Check
Piramal Finance allows you to quickly check your eligibility in just a few minutes. With no credit score requirement and an easy application process, personal loan for education make it easier than ever to get financial help when you need it.
Flexible Loan Amount
Piramal Finance education loan offers a range of loan amounts to meet your individual needs. Whether you need a little extra help with tuition or require more substantial assistance with course materials and living expenses, we offer flexible loan amounts so that you are able to get the most out of your education.
Affordable Interest Rates
Education loan interest rates at Piramal Finance begin at 12.99*%pa and increase depending on loan amount and loan tenure. The competitive interest rates, make it easier to repay your loan over time.
Fees & Charges
Piramal Finance has the perfect solution if you are looking for a personal loan for education! Our interest rate starts at {plintrestrate}* p.a., and there are no hidden costs. What you see is what you pay.
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- Features & Fees
- Details
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- Personal Loan Interest Rates
- {plintrestrate}* p.a. onwards
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- Loan Amount
- ₹ 25,000 to ₹ 5,00,000
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- Processing Fees
- Up to 5% plus applicable taxes
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- Loan Tenure
- 3 - 60 months tenure
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- Prepayment Charges
- ₹ 0
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- Foreclosure Charges
- ₹ 0
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- Stamp Duty
- At actuals (as per state)
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- Cheque Bounce Charges
- ₹ 500 plus applicable taxes
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- EMI Bounce Charges
- ₹ 500 plus applicable taxes
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- EMI Pickup/Collection Charges
- ₹ 250 per visit plus applicable taxes
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- Cash Collection Charges
- 1% of collection amount of Rs. 50000 and above in cash + taxes
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- Change of Loan Repayment Mode
- ₹ 500 plus applicable taxes
Fees & Charges
Piramal Finance has the perfect solution if you are looking for a personal loan for education! Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay.
Documents are Required for Education Loan
How to get educational loan? Well, you must submit the following documents:
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- Document Type
- Documents for Education loan
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- Income Proof
- Last 3 months' bank account statements / salary slips
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- Identity Proof
- Aadhar Card, PAN Card, Voter's Id / Driving License
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- Address Proof / Proof of Residence
- Aadhar Card / Driving License / Passbook / Utility Bills / Property Documents
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- Proof of Employment
- Appointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
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- Investment Proof (If Any)
- Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
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- Photograph
- Latest Coloured Passport-Size Photograph
Documents are Required for Education Loan
How to get educational loan? Well, you must submit the following documents:
Eligibility Criteria for Education Loan
The different eligibility criteria that you need to fulfill to get a Personal Loan for Education are as follows:
- Age:
- To apply for a personal loan for education loan, applicant must be between 21 and 58 years of age.
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Employment Status:
- Applicant working in public sector and private sector companies are considered eligible for a personal loan for higher education.
- Credit Score:
- We at Piramal Finance offer Personal Loan to the applicants with credit score of 750 and more.
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Frequently asked questions
EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1]
Here,
P = Principal amount
R = Rate of Interest
N = Number of years for repayment (this is calculated in months). You can also avail our EMI Calculator .