Education forms the basis of a successful life. But, with expenses touching the skies, not everyone can afford quality education for their child or themselves. Not only primary education but upgrading professional skills are important to level up in the career. So, to make your dreams come true many financial institutions and NBFCs have emerged with instant loans for education in India. This is a personal loan specifically taken for education. It is no longer a burden as the instalments to be paid are affordable and repayment tenure can also be adjusted as per the borrower.

So, if you are seeking education loans in India, do not hesitate to go ahead with insta personal loans for education. Achieving educational milestones on time will make your child’s career. Hence, taking a personal loan for education will never be a waste of time.

Whether children, teenagers, college students, or professionals, all can avail education loans to reach their goals in life. The best thing to consider while taking insta education loans in India is that the entire loan process is digital. It means you don’t have to spend one entire day to apply for loans and wait for them. Instead, you can apply and get the education loan approved in minutes through instant personal loan apps offering hassle-free education loans in India.

Benefits of Insta Education Loans

1. Your savings can remain intact while you can conveniently clear the educational loan in easy EMIs.

2. Education loan comprehensively covers the cost of higher studies, hostel accommodation, tuition fees, study materials, and travel expenses.

3. Education loans can be applied online via smartphones or websites with just a few clicks. So, if you need that last-minute seat or admission, rely on insta education loans to avoid any delays.

4. Being a well-planned loan, there are no loopholes or chances of getting stuck at any point while availing of education loans. The self-guided steps in the instant money app make the process easier. The real-time verification feature also makes the loan approval and disbursal process faster.

5. In case the children are aware of parents taking education loans, it gives them a sense of responsibility to perform better and give good results to their parents who are working so hard for their future.

Education Loan Eligibility and Mandatory Documents in India

The education loan eligibility criteria for Indian Nationals in India or abroad requires:

• Confirmed admission letter in recognised educational institutes in India or abroad

• Borrower should be between an age group of 18 to 35 years

• Students applying for full-time courses should have a co-applicant - parent/guardian or spouse/parent-in-law (in case of married candidates)

Mandatory documents:

• Duly filled and signed application form, attested with 2 passport size photographs

• Copy of latest education certificate

• Proof/statement of course fees structure/travel and accommodation expenses, if applicable in case of students willing to study abroad

• Aadhaar Card and Pan Card of the Student and Parent/ Guardian

• Residence proof - Rental agreement/Electricity Bill of the student or co-borrower

• Income proof - Recent salary slips or Form 16 / 6 months bank statement of the parent/ guardian/co-borrower.