Education Loan Apply Online

Education loan

The cost of higher education is touching the roof these days due to high inflation in education. It is difficult for parents to fund the education of their child through their own pocket. Thank god! There is an option like education loan that enables parents to fund the dream education for their children.

Education loan is the loan that can be taken by anybody to fund their child’s, spouses or own education. Education loan not only covers the tuition fees but other expenses such as hostel fees, stationary expense and travelling expenses. 

Benefits of applying for education loan online

  • Easy comparison: – You can easily compare the various options on the basis of interest rates, moratorium period, tenure and amount of loan which is not possible in offline mode. If you want to apply offline, you will have to visit the branch of various banks that will require a lot of time and effort.
  • Saves you time and cost: – Time has value. By applying online you save a lot of time and effort in getting the loan.

How to apply online?

You can apply online on the bank or non-banking institution’s website directly but here also you won’t be able to compare the options.

So, the best way is to apply online through paisabazaar.com as it is easily, simple and provides yu unbiased comparison.

The following is a step-by-step guide for  

 

Step 1: Go to Paisabazaar.com

 

Step 2: Under the loan section click on Education loan. It will land you on the following page:-

 


 

 

Step3:- After you input your personal details such as name, course you want to apply for, duration of loan, amount of loan, details of co-borrower etc, you will land up on the following page after you click on submit. In this page you can see the interest rate, processing fees, prepayment charges if any, the equated monthly installments (EMIs), maximum loan amount and rating of the loan provided by various lenders.  On comparing the various lenders on these parameters, you can choose the one you like by clicking on enquire.

 

 

 

Step 4:- On clicking Enquire, you will get the following message from Paisabazaar’s team. You will be contacted within 24 hours for further enquiry.

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