As a parent, you will always have the best interest in your mind for your children. You will want them to study in a reputed school and provide them within excellent opportunity for their higher education. However, school and college costs are mounting every year. A pre-school admission for a year itself comes up to Rs. 1 lakh. As your child steps into primary and secondary education, these expenses keep climbing thereafter. But in case of a deficit in funds, you can opt for personal loans and use that to fulfill any expense related to academics.
We, at Fullerton India, provide a loan amount for studies in a short time. This is why; the product also carries the name – instant personal loan for education. Such type of loan is different than a traditional education loan in the following ways:
The key features and benefits of Fullerton India personal loan for studies include:
Listed below are the eligibility criteria for an instant loan for education:
The list of documents required for an instant loan for education are:
You can take our personal loan for a variety of reasons.
Self-employed and salaried people can apply for an instant loan for students. The age of the borrower must be over 21 years. Regular monthly income is necessary to apply for the funds.
Personal loans for students cover for any expense related to the studies. The financial assistance could be for a school fee or funds for your child’s higher studies. You may use the instant loan for students to purchase books, uniforms, school projects, or other education-related costs.
Tenure for an education loan is between 12 months and 60 months. We at Fullerton India will chalk out a repayment schedule for the instant loan for students as per your financial feasibility. This will allow you to make the most out of the offer.