How to apply for Education Loan in India?
We as individuals aspire to take professional courses and attain a certain educational qualification. However, many are unable to pay the fee of the course upfront. In such a scenario, opting for an educational loan is perhaps the best solution. One of the easiest ways to apply for an educational or personal loan is through a modern-age lending platform like EarlySalary. The EarlySalary platform implements the latest technology, making the loan approval and disbursal process instant. You sign up with EarlySalary by visiting their website or downloading their mobile app, and then click the education loan tab to apply for an educational loan.
If your educational interstate is listed with EarlySalary, you can directly make fee payments using the EarlySalary app. You can avail a loan upto Rs 5 lakh depending on your eligibility to pay your university fees or your kid’s school fees if you are a parent. At the same time, when you avail a loan with EarlySalary, you can choose a loan repayment period between 3-12 months which is quite flexible. Lastly, to be eligible for the loan, you must be a resident of India between the ages of 21 and 55 and meet a minimum salary requirement which is ₹ 15,000 for non-metro city residents. While a resident of a metro region should earn a minimum of ₹18,000.