While higher education from a top-notch institute demands a pretty penny, its advantages supersede the costs. After all, quality education offers a better life, higher income, and personality development too. To help your children achieve their dreams, it is important that you do not skimp on education expenses. If you find your savings lacking, simply use Bajaj Finserv's loan against property for higher education. It scores the highest marks in every aspect. Here's how:
Cover all expenses easily
The Bajaj Finserv's loan against property for higher education offers a fund of up to Rs 3.5 crore at nominal interest rates. With this, you can pay for all your child's educational expenses including tuition fees, visa, travel, accommodation, health insurance and lifestyle expenses. Further, you don't need to settle on a university and you can choose an Ivy League college too.
With disbursal within 72 hours, you can receive the funds in time to secure your child's future. The loan against property documents required are minimal too, and submitting identity and address proof with your bank statements, salary slips, property documents and IT returns will result in quick loan processing.
Acquire financing effortlessly
The eligibility criteria to obtain financial aid in the form of a higher education loan are simple. You just need to be a salaried individual who is an Indian resident between the ages of 33 years to 58 years. Further, you must be employed by an MNC, a private company or the public sector. In case you are self-employed, you need to be an Indian resident with a regular income and between the ages of 25 years and 70 years. Make sure that you view Bajaj Finserv's loan against property eligibility criteria for your city of residence before you apply.
Repay the loan as per your convenience
With a loan against property tenor that stretches from 2 to 20 years, you can repay the loan as per your financial flexibility. To do so, use the EMI calculator to arrive at the perfect EMI by tweaking the tenor and loan amount.
Additionally, this financing option allows you to borrow as you need and pay interest only on the amount you have utilised from your sanction. Further, you can also pay interest-only EMIs for a part of the tenor to make repayment affordable and stress-free.