We help you unlock your dreams with our Education Loan
- Exclusive and Leading retail finance services website in India
- Compare and analyze the best loan suitable for your needs
- Flexible loan tenure from 5 years to 30 years
- Starts from 5,00,000
- Max Loan upto 10,00,00,000
- Quick and Easy Process
- Online application with less paper work
- Nil Charges for pre-closure of Loan amount
- Expert advise on Loan documentation
- Age Limits – 21-60 years
- Repayment through ECS/Auto-debits/PDC
- We support until the loan Closure
Why Education Loan from ApnaLoanShop?
- Exclusive and Leading retail finance services website in India
- Compare and analyze the best loan suitable for your needs
- Flexible loan tenure from 5 years to 30 years
- Starts from Rs. 5,00,000
- Max Loan upto Rs. 10,00,00,000
- Choose loan offers from Industry Education Loan Leaders at one place
- You can choose the low cost education loan as per your requirement (More Savings)
- Various EMI Calculators and amortization tables to understand your loan repayment amount.
- Quick and Easy Process
- Online application with less paper work
- Nil Charges for pre-closure of Loan amount
- Expert advise on Loan documentation
- Expert guidance on property Legal and technical verification by the lending institution
- Age Limits – 21-60 years
- Repayment through ECS/Auto-debits/PDC
- We support until the loan Closure.
Educational Loan Can Be Used For Many Purposes Like Below
- Higher Studies
- For IIMs, IITs and ISB
- For PG Diploma
- Foreign Education
- To Join in B Pharmacy or M Pharmacy
- To Join in B.Tech or M Tech
- University Education
- Domestic (Indian) Education
Required Documentation
- Signed Application form
- Two Passport Size Photos – Applicant and Co-Applicant
- Photo ID – Applicant and Co-Applicant (Any one of the following)
- Residence Proof – Applicant and Co-Applicant (Any one of the following)
- Academic Documents of Student / Div
- Proof Of Admission (If available)
- Last 8 Months Bank Statements of Co-Applicant
- Income Proof of Co-Applicant
- Accepted Collateral documents
- PAN Card
- Passport
- Driving License
- Voters ID
- Employee ID
- Photo ID issued by the Central Govt. or State Govt.
- Bankers Verification / Bank Passbook with photograph of account holder attested by bank
- Passport With Address
- Bank Statement With Address
- Driver’s License with Address
- Utility Bill (Not older than 3 months))
- Telephone Bill (Not older than 3 months)
- Ration card
- Latest LIC Premium Receipt (Not older than 3 months)
- Leave and License Agreement supported with an address proof / utility bill in the name of the landlord
- Voter’s ID
- Marks sheet/Certificate of 12th Exam
- Marks sheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
- Marks sheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)
- GRE/GMAT/TOFEL/LETS, etc Mark sheets For US Applicant
- Scholarship Documents (if applicable)
- Printed Admission Letter From the Institute on its Letterhead With Institute’s Address
- I-20 Form for the USA Applicant (If any)
- 8 Months Bank Statements of Co-Applicant (If more than one bank account, provide copies of all)
- Note: Make sure to include the bank statements of the Bank Account where Salary or Business or Professional receipts are credited every month.
Income Proof Of (In Case Of Salaried Employee All The Following)
- Latest 3 Salary Slips or Salary Certificate on Employer’s Letterhead
- Last 2 year’s Form 16 from Employer or Last 2 Year’s Income Tax Returns
- Any Other Income Proof That is Not Reflected in the Above Documents
Income Proof Of (In Case Of Self Employed Or Professional All The Following)
- Last 2 Year’s Income Tax Returns
- Last 2 Year’s Certified Financial Statements or Provisional Financial Statements
Income Proof Of (Duly Certified By CA)
Collateral Documentation
- Property Title Deed
- Registered Sale Agreement Along With Society Share Certificate
- Original Registration receipt for the above agreement
- Allotment Letter By Municipal Corporation / Authorized Govt, Commencement Certificate from Municipal Corporation/Council.
- 15 years or 30 years of Title Search (Previous Chain of Sale Deed establishing title) of the property.
- Any other document as prescribed by our empanelled lawyers or chartered engineers from time to time.
Accepted Collateral
- Residential Flat
- Residential House
- Non-Agricultural Land
- A Fixed Deposit
Our Process
1) Discuss and Draft your Loan Requirements
Our team of experts will discuss your financial needs to define the best suitable loansolution to fulfil your requirement. Availing the services of our professionals will help to save your precious time and money.
2) Get your Personalised and Customised Quote
Based on the discussions and reviewing various factors like your income, qualification, employer, location, existing loans etc we will provide you a personalised and customised quote which not only suits your requirement but also take care of your priorities.
3) Solve Queries with your Own Relationship Manager
Still having queries? No need to worry. You are important to us. A dedicated relationship manager will be available to assist you till the completion of the loan process to feel you relaxed.
4) Enjoy our Pro Support until your Loan Closure
I heard of some changes in the rate of interest of my loan. Who can help me to know the impact? We haven’t left you alone. We are still there to assist you with all loan queries till the loan closure.