About Education Loan

We believe, given the right tools and aid every child has the potential to be successful. Our education loans aim to be the very tool that will enable them to reach their goals in life.

From tuition fees to travelling overseas and living at a new place during the course duration, higher education requires a considerable investment which can be sufficiently met with an Education Loan.

SIDD brought Loan against property for Education to fund the educational expenses of your child, whether in India or abroad. Utilise this loan amount to finance all big-ticket expenditures related to your child’s education.

Get all the Education Loan details below. or apply online.

Apply for loan

Get financing for whatever you need now

Finance your child’s expenses for higher studies like moving to a new city or country, tuition fees, activity charges, living expenses and more. Empower your children to study abroad with SIDD’s Education Loan. Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Doorstep Service

100% education finance now at your doorstep!! You can also pay your easy repayment from abroad also. Customized education loan solution as per your needs.

Foreign Education Loan

Apply now for best education loan with SIDD. 2000+ happy customers who are granted for education loan. Instant response from our advisor.

Employer Education

To get Education Loan, apply online and check your eligibility, for flexi EMI repay and you can also compare SIDD education loan with our compare table with others.

Certificate Courses

SIDD is one of the best loan company to provide variation in loan products.For more detail you can check our loan products. Get a student loan upto 20 lakhs and get higher education.

Get financing for whatever you need now

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Features of Education Loan

All loans are not created equal, personal loan has become a great option for people to use.

Affordable Loan of High Value

Get a Loan Against Property for Higher Education of high value up to Rs. 10,00,000 if you are a salaried individual. Avail a loan up to a maximum of Rs. 25,00,000  if you are self-employed.

Long and Flexible Tenure of Repayment

Repay the Education Loan in India by choosing tenure as per your convenience. The property loan repayment tenure can range between 2 and 5 years for a salaried individual. For self-employed borrowers, it extends to a maximum of 8 years.

Hassle-Free Disbursal of Loan

Get this Student Loan in India with a hassle-free disbursal procedure. Fulfil the eligibility criteria and furnish the documents required to get the fastest loan approval. Receive the amount in your loan account within four days from the date of approval.

Minimal Documentation

SIDD ensures your Mortgage Loan or abroad is completed with minimal documentation. Processing of this Loan against Property is hassle-free now with doorstep document collection facility.

Education Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

You have to repay your education loan on property with EMIs as per the pre-specified tenure. Make sure to use a loan EMI calculator to compute the monthly instalments to plan your education loan repayment process better. This online tool will also help you pick the right tenure.

For example, a longer tenure will make your EMIs cheaper. On the other hand, a shorter tenure may increase the EMIs but reduce the overall cost of loan.

Check whether the lender offers facilities like part-prepayment, balance transfer, and foreclosure. Part-prepayment reduces your EMIs or tenure when you pay an amount more than one monthly instalment of your education loan in India. Balance transfer enables you to switch lenders to avail lower rate of interest. And, foreclosure lets you to repay the loan in full before the tenure ends. You can take advantage of these facilities to ease your education loan repayment and manage it more comfortably.

A secured education loan procedure for disbursal can be successfully completed in the following steps

  1. Application –You fill the application form by providing all your essential details.
  2. Processing –The financial institution processes your application and approves or rejects the same.
  3. Document submission –In the next step in the education loan process, you submit the necessary documents after the lender approves your application.
  4. Sanctioning –The lender will sanction your loan and provide you a letter after verifying the documents.
  5. Mortgage evaluation –Representatives of the company will evaluate your property and assess its current market value.
  6. Loan disbursal –The lender will transfer the education loan in India to your account after successful verification and approval.

Meet the documentation and eligibility requirements easily to enjoy your loan disbursal in 3 days post approval.

You must be one year old Member and account holder of SIDD and you only have to provide some necessary documents and fulfil certain eligibility criteria to successfully apply for an education loan on property.

The education loan on property documents required are –

  • Documents of the property to be mortgaged.
  • Bank account statements for the last 3 months or 6 months as a salaried or self-employed applicant, respectively.
  • Proof of address like latest utility (electricity, telephone, post-paid mobile) bill, municipality tax, life insurance policy, etc.
  • PAN or Aadhaar.
  • Income tax returns.

Know Education loan eligibility criteria in India include –

Salaried applicants

  • Age between 33 and 58 years.
  • Employed with an MNC or private/public organisation.

Self-employed applicants

  • Age between 25 and 70 years.
  • Self-employed with a regular source of income.

Lastly, you must also hold a CIBIL score of around or above 625 to satisfy the requirements and increase your chances of availing an education loan.

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Get a Quote

Now apply for a Education Loan online, All you need to do is provide your details below application form.


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