TATA Capital Education Loan

Who can opt for it ?

The excitement of getting enrolled in a prestigious educational institute is followed by organization of funds for the fees and related expenses. You can get an education loan for any Indian or foreign institute. In order to avail an education loan, you need to have the following eligibility factor:

  • You need to have an Indian nationality.
  • You should fall under the age bracket of 16-26 years.
  • You need to have the required academic grades.
  • Your parents or you need to need to have a stable income source.
  • Depending on the lending financial institution, you might need a guarantor or show security.

These being the common personal loan eligibility factors, there could be changes depending on the financial institution you consider to choose for an education loan.

 

How to apply for an Education loan ?

  • Application:
    You can apply for a student loan online or visit our branch. You need to fill out all the relevant details like personal details, education details, course details and income details. On the basis of the documents provided, our system will provide you details about your eligibility and interest rate quotes while you apply for the study loan.
  • Documentation:
    Once the education loan is approved our customer care executive will contact you and collect all the relevant documents. After the documents are submitted successfully you will receive a confirmation email. The application will be processed and a final sanction will be provided along with terms and conditions. You need to just submit any additional documents as per your sanction letter.
  • Disbursement:
    The payments will be made in the name of the institute/college/school as per the schedule mentioned during the application prior to the due date.

Courtesy : Tata Capital Click Here to Know more