Education Loan – bharatdhanpayi.com

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Education Loan - Smart Financing for a Bright Future . Invest in Learning, Invest in Success.

An Educational Loan helps students pursue higher studies in India or abroad without financial stress.

1 Covers Tuition Fees, Hostel Charges, Books & Other Expenses
2 Low-Interest Rates with flexible repayment tenure
3 Moratorium Period (repayment starts after course completion + grace period)
4 Tax Benefits under Section 80E of the Income Tax Act
5 Option to study in India or Abroad without financial hurdles
6 Quick Approval & Disbursal for urgent needs

Eligibility Criteria for Education Loan

Age: 18 – 35 years
Must have secured admission in a recognized college/university (India/abroad)
Proof of admission letter and academic records
Co-applicant (parent/guardian) with income proof may be required
Good academic track record preferred

Overview

EMI

On a specific date, the borrower makes an instalment payment to a lender. The EMI amount remains constant throughout the loan term.

A Foreclosure

Foreclosure means a method of paying off the entire unpaid loan amount before the due date comes around. An Instant loan typically has a lock-in term after which you can opt to foreclose the remaining debt and repay the total loan amount. However, we normally suggest you to foreclose your debt when you have some extra income.

Part Prepayment

Part-prepayment allows you to repay a portion of your loan via multiple EMIs. This is an easy approach to reduce your interest payable. Your part-prepayment amount is taken from your outstanding principal as of the month in which you make the prepayment. If you have extra cash and wish to utilize it to pay off anything, you might choose a part-prepayment option.

Bullet Payout

The borrower is required to pay interest every month. At the end of the term, the entire principal amount will be repaid in one large payment. You can also make part payments on your loan at no additional cost.