How To Apply For Education Loan: If you want to do your further studies and are not able to do it due to financial problem, then taking education loan can be a better option-
How can I take education loan?
Know here which documents are necessary
Many benefits will be available from digital loan
Education Loan: Students are always eager to study abroad due to better career prospects. It is also a fact that studying abroad can be costly for many people. Let us tell that every year more than 3 lakh Indian students study in various universities, colleges abroad, due to such a large number of students studying abroad, not everyone can even take scholarship. That’s why such students who are not able to take scholarship, they prefer to take educational loan.
Keep all the necessary documents ready to take a digital education loan
Once you complete your college application process and have an offer letter, make sure you have the documents to apply for a quick loan, according to experts. You no longer need to worry about the eligibility criteria set by banks as digital lenders provide loans to all.
Here we are telling you what documents you need to have before applying for your education loan.
KYC: PAN Card, Aadhar and Passport
Academics: Marksheet of Class-10 and Class-12, Post Graduation, College Degree, GRE/TOEFL, IELTS Score
Financial: Three months payslip, six months bank statement, Form 16 if the candidate is a working professional.
KYC: PAN, Aadhaar
Salaried: Three months payslip, bank statement, income tax return slip or Form 16
Self-employed: Business proof, bank statement and complete set of ITR for two years
Advantages of Digital Loan for Education Loan
.Through digital lenders, the process of taking an education loan becomes very simple and has the added advantage of almost no paperwork.
.One of the many benefits of digital lenders is that they go beyond the traditional evaluation parameters while lending. Apart from this, online loans also help you save money,
.Fintech platforms offering loans offer you the ability to open a bank account in the country of study sitting in India. This gives you the facility to initiate the transaction as soon as you reach the study country. You do not need to do any formalities or exchanges.
.You do not have to worry about carrying cash or forex cards. They help you save dollars by offering you the best exchange rate.