Student/Parent or Coaching/Tuition center can get various options to apply for loan from premier financial institutions or from Banks.
Types of Loan can be availed from Tuikart:
- School Education Loans
- Study in India Education Loan
- Study Abroad Education Loan
- Executive Education Loan
- Student Loan Refinancing
If you are looking for any Educational loan for Higher Studies, Professional/ Vocational courses, Study Abroad, Coaching/ Tuition Fees etc. No need to look further. You can apply here and if you are eligible, you can get loan approval in one day from our Strategic Partners who are well experienced and trusted names in the field of finance. Our partners will also help you to avail the educational loan through customizations or will create customized package as per their policy (as per terms and conditions).
Factors affecting your Eligibility for a Educational Loan
For a hassle free loan process, ensure you are up to the mark on each of these parameters
Your monthly income will be the critical factor determining your loan amount and the interest rate.
The age criteria may differ from lender to lender, but those aged between 21 and 58 years are more likely to get a loan.
Your ability to pay back a loan is judged to some extent from your monthly expense, making it an important factor for evaluation.
Any Other Loan
When it comes to Loans, it’s not more the merrier. Your chances improve if you don’t have another loan to your name.
A good credit history is like good health. Maintaining one does not hurt. And it only helps when you want a loan.
Your loan amount eligibility is likely to jump significantly, if you are employed at your current organisation for more than 2 years
Relationship with Lender
A good understanding with the bank goes a long way in negotiating better terms for a loan. Being a known and trusted customer helps.
Category of Your Employer
Working at a well-regarded company adds to your reputation and also your loan eligibility. A Fortune 500 Company on your visiting card helps!