Education Loan

Securing an education loan from partner lenders on Bajaj Markets can help you achieve your academic aspirations, whether in India or abroad. Borrow funds of up to ₹1.5 Crores at competitive interest rates, starting from 11.50% p.a. 

You can fund up to 100% of your tuition fees and other related expenses. Repay the loan amount over a tenure of up to 15 years. Easily compare multiple lenders and apply for an education loan on Bajaj Markets to enjoy seamless documentation and quick approval.

Here are the key features and benefits of the education loan:

• High Loan Amount up to ₹1.5 Crores

Secure amounts as high as ₹1.5 Crores and fulfil all your academic requirements.

• Competitive Student Loan Interest Rates

Benefit from attractive interest rates starting as low as 11.50% p.a.

• Up to 100% Funding

Finance up to 100% of your tuition fees and other related expenses.

• Flexible Tenure and Repayment

Repay the loan with flexible tenures of up to 15 years, designed to suit your financial needs.

• Instant Provisional Sanction

Get instant provisional sanction for quicker study planning.

• Study in India or Abroad

Pursue your academic ambitions with easy financial assistance for both domestic and international education.

• Unsecured Educational Loan Option

You can borrow up to ₹80 Lakhs without having to submit any collateral. However, for a higher amount, lenders may ask you to pledge your assets.

To process your education loan smoothly, you need certain documents from both the student and the co-applicant. The Documents Required for an Education Loan typically include identity proof, income details, and academic records.

Student Documents Required:

• Application Form: Completed application form (physical or digital)

• KYC Documents: PAN Card or Form 60 (mandatory if you provide PAN)

• Identity and Address Proof (any one of the following):

  • Passport

  • Driving License

  • Voter ID

  • Aadhaar Card

  • NREGA Job Card

  • Letter from the National Population Register

• Education Documents:

  • 12th Marksheet or equivalent

  • Marksheet/Certificate of the last semester

  • Marksheet of any entrance exam (whichever is applicable):

    • Studies in India: CAT, CET, etc.

    • Studies Abroad: GRE/GMAT/TOEFL/IELTS

• Proof of Admission:

  • Admission Letter

Co-Applicant Documents Required:

Salaried Co-Applicant

• Bank Statement:

  • Latest 6 months’ bank statements

  • If submitting a passbook, it needs to be updated 

• Salary Proof:

  • Latest 3 months’ salary slips or salary certificate on company letterhead

  • Form 16 and Income Tax Returns (ITR) for the last 1 year

Self-Employed Co-Applicant

• Bank Statement:

  • The latest 6 months’ bank statements of the current and savings accounts

• Income Proof:

  • Income Tax Returns (ITR) for the last 2 years

• Business Proof:

  • Business proof (e.g., GST, Shop, etc.).

Follow these simple steps to apply for an education loan on Bajaj Markets:

1. Click on the ‘CHECK OFFER’ button on this page

2. Fill in your personal and course-related details

3. Choose the required loan amount and the preferred tenure

4. Submit the application form

After this, a representative will reach out to you to further process your application.

Obtaining funds to cover tuition fees and other academic expenses is a convenient and simple process. Here are some reasons to consider Bajaj Markets:

• Rapid Processing

Your loan application is reviewed and verified within minutes through the online process.

• Quick Disbursals

If approved, the loan amount can be credited to your account within 2 days.

• Minimal Documentation

The digital documentation process makes applying for the loan on Bajaj Markets very convenient.

• No Hidden Charges

You can be assured of zero hidden charges and complete transparency.

An education loan can help you pursue your academic dreams smoothly. Here are the key aspects you need to know before applying:

• Expenses Covered by Education Loan

Tuition fees, hostel charges, library and laboratory fees, travel expenses, and other course-related costs.

• Eligible Countries and Institutes

Financial assistance is available for recognised universities and institutions in India and abroad.

• Repayment Options

Flexible repayment plans, including EMI options and moratorium periods during the course duration.

• Government Subsidy Schemes

Certain loans may be eligible for interest subsidies under government education loan schemes.

• Securities / Collateral

You can get unsecured education loans of up to ₹80 Lakhs, meaning no collateral is required. For loans above this amount, collateral may be necessary.

Reference to all T&C necessarily refers to the terms of the Partners as regards pre-approved offers and loan processing time, amongst other conditions. Basis the information provided during your loan application journey, you may be provided with various offers from our existing loan partners.