Education Loan in Delhi

Click here to Apply for Education Loan in Delhi

  Quality education is irreplaceable in shaping a bright future. However, the soaring costs of higher education make self-financing challenging for parents in Delhi, India, and abroad. Consequently, there is a growing demand for education loan in Delhi. Indexia Finance offers doorstep Education Loans in Delhi. Apply online at the lowest interest rates.

Features and Benefits of Education Loans:

  • Opt for education loans for graduate, postgraduate, professional, and doctoral courses.
  • Parents or guardians must co-sign; the loan cannot be assigned to the student alone.
  • Female students often enjoy discounts or lower interest rates.
  • The loan amount depends on annual family income and the chosen course.
  • Loans below Rs.4 lakhs typically don’t require security; for higher amounts, collateral is needed.
  • The maximum limit for India: is Rs.10-15 lakhs; abroad: up to Rs.20 lakhs.
  • The repayment period is 5–7 years, with flexible options of up to 15 years available.

Required Documents:

Generally, the documents required to process your application are almost similar across all the banks; however, they may differ with various banks depending upon specific requirements, etc. The following documents are required for Education Loan in Delhi by financial institutions to process your application
  • Age proof
  • Address Proof
  • Income proof of the co-applicant (could be father/mother)
  • Last 6 months’ bank statement co-applicant
  • Passport-size photograph of the applicant & co-applicant

In case of Co-applicant, Salaried:-

  • Employment certificate from the employer
  • Copies of payslips for the last few months and the TDS certificate
  • Latest Form 16 issued by employer Bank statements

In case of Co-applicant, Self-employed:-

  • Copy of audited financial statements for the last 3 years
  • Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
  • Profit and loss account for the last few years
  • Income tax assessment order

Other Documents

Latest Electricity Bill of the co-applicant (house should be owned)