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Education Loan

You can easily avail of an education loan for very higher education, vocational education, and some other purpose related to education.<br>

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Education Loan

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  1. Education Loan

  2. You can easily enroll in your desired course by taking the help of an education loan because it offers loan amounts up to 1 crore. No margin money is required for loans up to 20 lakhs i.e. you don’t need to pay anything from your own pocket. If you’re planning to study overseas, banks have an option of pre-visa disbursal. This loan also covers other expenses such as travel expenses, hostel charges and study equipment etc. Interest rates start from as low as 7.95%, but these are subject to variations from bank to bank. You can choose your own tenure. Some banks even offer pre-admission sanctions. Most banks offer an attractive moratorium period for education loans Features of Education Loan:

  3. Undergraduate education loans – are given for undergraduate courses, which are usually for 3 to 4 years. However, the applicants should be pursuing or have completed secondary education to avail of this loan.   Graduate education loans – are for students who plan to apply for a postgraduate or any other professional course to get advanced degrees and increase their job opportunities. The applicants should have already finished an undergraduate course to apply for this loan Career education Loans – Apart from undergraduate and postgraduate courses, loans are also offered for professional training courses for a particular field of career. People aiming for a particular job can avail of this loan. Types of Education Loan

  4. In case the applicant is a major, the minimum age of the co-applicant or the guarantor should be 21 and the maximum age at loan maturity should be 70. In case the applicant is a minor, the criteria for the co-applicant is the same. However, the applicant would be liable to provide a letter of ratification to the banks upon attaining majority. The applicant should be an Indian national The applicant/student must have already secured a seat in the desired course and the desired institution The applicant/student must have applied to a course or its equivalent recognized internationally by the relevant bodies. Education Loan Eligibility Criteria

  5. Basic KYC documents such as identity proof, address proof • Banks statements of the last 6 months • A guarantor form in case of a guarantor • A copy of the admission certificate of the desired course from the desired institution as well as the fee schedule document.  • Some banks also require mark sheets of degree courses, especially in cases of pre-admission loans

  6. REPAYMENTS CAN BE MADE USING ANY OF THE BELOW-MENTIONED MODES: Internet Banking – Pay online through the lender’s website or a mobile app. Cheque – Pay monthly cheques at the branches. Direct debit – Direct debit of the EMI amount from your account Demand Draft – Pay through a DD.

  7. Apply for an education loan • Apply Online: • This is the easiest and the most convenient way of applying for the loan. • Just fill a form on the dialabank website, which will include your name, location, income, the loan you are seeking etc. • Click on “Request a Quote” • You will soon be contacted by our relationship manager who will assist you regarding your loan query. • Offline: • Visit a Branch: You can apply for a loan by visiting your nearest branch offering the loan with the necessary documents for KYC, discuss the terms of the loan with a representative, fill the form, and apply in person.  • Call the Lender: You can also call the lender or request a call back by expressing your interest. You can then discuss the loan terms and proceed to apply.

  8. Contact Us 251 Park Place, Phase V, Gurgaon booking@dialabank.com 9878981166 https://www.dialabank.com/

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