Education Loan
What is an Education Loan?
An education loan is a financial product designed to help students pursue higher studies in India or abroad by covering costs like tuition, accommodation, books, travel, and other academic expenses. These loans ensure that financial constraints do not hinder access to quality education.
Education loans can be secured or unsecured, depending on the loan amount and the lender’s policies. They offer student-friendly repayment options, competitive interest rates, and a grace period to allow students time to complete their education and find employment before starting repayment.
Many banks and financial institutions offer easy approvals with minimal documentation, making it convenient for students and parents to fund educational aspirations.
Key Features :
- Loan Types: Secured and unsecured loans available based on business needs.
- Loan Amount: Borrow amounts ranging from ₹1 lakh to several crores depending on business scale and eligibility.
- Flexible Tenure: Repayment periods typically from 12 months up to 5 years or more.
- Competitive Interest Rates: Vary based on loan type, credit score, and lender policies.
Why Choose a Education Loan ?
- Fuel Business Growth with working capital, equipment purchase, or expansion funds.
- Manage Cash Flow effectively to meet operational expenses during lean periods.
- Flexible Repayment Options to align with your business income cycles.
- Build Business Credit by timely repayments, opening doors for future funding.
Eligibility Criteria (General) :
- Build Business Credit by timely repayments, opening doors for future funding.
- Business Type: Proprietorship, partnership, LLP, or private limited companies accepted.
- Financials: Stable turnover and profitability as per lender’s norms.
- Credit Score: Preferably 700+ for better loan terms.
Why Take People
Loan from Wealth Finversity
Instant approval & disbursal
Get fast approval and quick disbursal for tuition and
academic expenses. Apply online or at a branch, with funds
typically sent directly to your institution within a few
working days.
Flexible Repayment Option
Choose EMIs, step-up payments, or deferred repayment after
graduation. The moratorium during your course ensures you
start paying when financially ready, making it ideal for
students.
Higher Loan Amount
Secure loan amounts from ₹50,000 to ₹50 lakhs or more.
Covers tuition, living, travel, books, and more—ensuring you
have all the funds needed for domestic or international
education.
Longer Repayment Tenure
Repay comfortably over 5 to 15 years. Flexible terms and
extended tenure make repayment easier after graduation,
supporting a smooth transition from student life to
professional life.
Minimal & Easy Documentation
Hassle-free process with basic documents: admission letter,
ID, address proof, and co-applicant income details. No
collateral needed for smaller loans—making it accessible to
all students.
Transparent Process
Enjoy fair lending with no hidden charges. Interest rates,
repayment schedule, and terms are clearly explained. No
prepayment penalties, and complete support throughout the
loan lifecycle.
